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USD/CAD Struggles To Break Above 1.4400 Ahead Of US-Canada Employment Data

USD/CAD Struggles To Break Above 1.4400 Ahead Of US-Canada Employment Data

 Photo by Michelle Spollen on Unsplash   USD/CAD faces pressure to extend its upside above 1.4400 ahead of US-Canada labor market data for December. The US Dollar performs strongly as the Fed has become worried about a potential slowdown in progress in the disinflation trend. Soft Canadian employment data will boost hopes of BoC super-size rate cuts bets. […]
EUR/USD Forex Signal: Euro Crashes Amid US And EU Divergence

EUR/USD Forex Signal: Euro Crashes Amid US And EU Divergence

Bearish View Sell the EUR/USD pair and set a take-profit at 1.0200. Add a stop-loss at 1.0400. Timeline: 1-2 days. Bullish View Set a buy-stop at 1.0330 and a take-profit at 1.0410. Add a stop-loss at 1.0200. The EUR/USD pair continued its strong downtrend, falling for five consecutive weeks, and reaching its lowest level since […]
Ethereum Price At Risk: Could $3K Be Tested Soon?

Ethereum Price At Risk: Could $3K Be Tested Soon?

Ethereum price failed to clear the $3,450 resistance and extended losses. ETH is struggling and might continue to move down if it stays below $3,500. Ethereum started a fresh decline from the $3,450 zone. The price is trading below $3,400 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with […]
Sterling Is Pounded

Sterling Is Pounded

Image Source: Unsplash  Overview: The US dollar is mostly firmer today. Among the G10 currencies, strong wage data and softer US 10-year yield is helping the yen defy the dollar’s tug. It is up almost 0.2%. On the other hand, pressure on sterling and the UK Gilts has continued. The pound took out last year’s low near […]
GBPUSD Drops To Its Lowest Since Nov 2023

GBPUSD Drops To Its Lowest Since Nov 2023

GBPUSD drops below $1.23 – lowest since Nov 2023 Higher UK rates fail to offset dollar strength and concerns Bank of England may cut rates despite inflation above 2% US trade tensions and fiscal fears weigh on the pound The British pound has slumped below $1.23, its weakest level since Nov 2023, as the strength of the US dollar eclipsed the impact of elevated UK borrowing […]
Gold Price Draws Attention Amidst Swelling Global Inflation Woes

Gold Price Draws Attention Amidst Swelling Global Inflation Woes

Gold price pops above $2,660 and tries to consolidate above the level.  Traders are sending yields higher in concerns over inflation overheating again.  Gold price looks to enter a similar moment as seen in 2023 with the SVB meltdown.  Gold’s price (XAU/USD) consolidates above the key level of $2,660 on Thursday after breaking and closing […]
Two Trades To Watch: GBP/USD, FTSE 100 Forecast – Thursday, Jan. 9

Two Trades To Watch: GBP/USD, FTSE 100 Forecast – Thursday, Jan. 9

Photo by Colin Watts on Unsplash   GBP/USD tumbles to a 13-month low as government bond yields surge GBP drops & gilt yields surge on worries over UK fiscal outlook USD rises tracking treasury yields higher GBP/USD falls to 1.2250, breaking below a 15-year trendline         The pound has fallen to its weakest level against the US dollar in over […]
BTC/USD Forecast: Tests Support Amid Market Uncertainty

BTC/USD Forecast: Tests Support Amid Market Uncertainty

The Bitcoin market fell a bit during the early hours on Wednesday to break through the 50 day EMA and test a short term uptrend line that has been somewhat important. But I think more importantly, what we’re paying attention to here is the idea that interest rates in America continue to be the main […]
Shrinking Trade Between The U.S., China, And The Rest Of The World

Shrinking Trade Between The U.S., China, And The Rest Of The World

The total value of goods traded between the United States, China, and the rest of the world remained depressed in November 2024.That trend was most evident in the numbers for trade between the U.S. and China. Here, we find that while the year-over-year value of goods exchanged between the two nations in November 2024 was […]
The Yen Nears A Six-Month Low, Affected By The Strong US Dollar

The Yen Nears A Six-Month Low, Affected By The Strong US Dollar

Image Source: Pixabay  The USD/JPY pair remained near the 158.00 mark on Thursday, consolidating at levels last seen in mid-2024. Although the pair is no longer surging as it did earlier in the year, the fundamental preconditions for further growth persist.The yen continues to face significant downward pressure due to the strength of the US dollar. […]