Governor Macklem highlighted the increasing uncertainty and susceptibility of the economy to shocks, indicating that the BoC is prepared for a cautious approach. He stated that policy rate adjustments will be assessed on a meeting-by-meeting basis,...
The surface reveals a dominant seller-driven narrative, suggesting an overall bearish sentiment. However, much like an iceberg, a significant part of the market remains hidden beneath the surface. Beneath the visible sell pressure, bargain hunters...
Gold Technical Analysis In the 30-minute timeframe, gold prices are showing a strong bullish trend. The market structure is clearly bullish as the price is trading above the 200-day simple moving average (SMA), a key indicator of bullish momentum....
Forecast of NZDUSD I noticed strong bearish activity on the NZDUSD lower time frame charts throughout the last few trading hours, and the pressure from these bearish activities grew further once the New York trading session opened. According to the...
Crude Oil Technical Analysis Crude oil prices are currently trading at a major resistance level of $78.40. This is a level at which prices have previously been rejected, making it a critical area for potential selling opportunities. If the market...
