As expected, the Bank of Canada cut interest rates by 50 bps to 3.25%. BOC Governor Macklem delivered an increasingly hawkish speech, hinting at a potential pause in the rate-cutting cycle depending on how growth and inflation play out. USD/CAD fell...
Crude Oil has been showing significant price action on the H4 time frame chart, with a steady increase in value over the past trading day. This bullish momentum led to a test of the 50 EMA (Exponential Moving Average) line, where the price...
EUR/USD From my perspective, the EUR/USD pair is trading around 1.0750, trying to recover after a recent dip. On the daily chart, it is still below the 50-day Moving Average near 1.0800, which indicates a bearish trend. The RSI is hovering around...
The Spot price is trading flat around 1.4150, showing little movement during the early Asian session on Thursday. This consolidation follows a period of volatility driven by shifts in the US Dollar (USD). The Federal Reserve (Fed) has made it clear...
The yellow metal gained sharply during the Asian session on Thursday, briefly surpassing the $2,725 mark, although they fell short of the daily peak of $2,526 as traders took profits ahead of key economic data releases. At the time of writing, the...
