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Markets This week’s volatile and often erratic trading pattern continued today. European markets obviously started in a bad mood as US President Trump pushed through (the partly anticipated) 25% tariffs on the car sector after European close. Key European indices started with losses of around 1.5%, but avoided a steeper drop with the unknown known […]

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USD/JPY Back in Action—Key Levels to Watch for Further Gains

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17/09/2024

USD/CAD Steady after Canada’s CPI Slips to 2%

The Canadian dollar is showing limited movement on Tuesday. Early in the North American session, USD/CAD is trading at 1.3601 at the time of writing, up 0.10% today. Canada’s CPI declines more than expected Canada’s inflation rate dropped to 2% in August. This was down sharply from 2.5% in July and below the market estimate […]
10/12/2024

GBPNZD Wave Analysis

GBPNZD reversed from key resistance level 2.1840 Likely to fall to support level 2.1600 GBPNZD currency pair recently reversed down from the resistance zone between the key resistance level 2.1840 (which has been reversing the pair from July) and the upper daily Bollinger Band. The downward reversal from this resistance zone will likely form the […]
06/03/2025

USD/JPY Outlook: Hits Five-Month Low

USDJPY continues to trend lower within larger bear channel and fell to five-month low on Thursday as dollar remains under increased pressure from trade war uncertainty and Fed’s dovish shift. Fresh probe below important Fibo support at 149.22 (50% retracement of 139.57/158.87 ascend) looks for final weekly close below this level (after repeated failure in […]