Market Fundamentals: The European Central Bank (ECB) is widely expected to cut its key interest rate by 25 basis points (bps) to 2.75%, continuing its monetary easing amid economic uncertainty and persistent service inflation. According to Mark...
NZD/JPY on the H1 timeframe is showing a recovery after a recent downtrend, currently trading around 87.16. The price found strong support at 86.50, where it rebounded upwards, signaling a possible shift in momentum. Bollinger Bands indicate some...
AUD/USD is currently trading around 0.6255 after a strong recovery from its recent low near 0.6100. The price action suggests a sharp rebound, supported by bullish momentum. The Bollinger Bands indicate increased volatility, with the price extending...
The NZD/USD pair exhibited a notable upward movement on Tuesday, climbing 0.39% to settle at 0.5650, a level that marks a decisive break above the 20-day Simple Moving Average (SMA). This breakout is significant as it signals a potential shift in...
Market Fundamentals: Recent data from the U.S. Census Bureau revealed a notable 5.9% increase in New Home Sales, reaching a seasonally adjusted annual rate of 664,000 units. Additionally, last month’s sales figures were revised upward to 627,000...
