USD/CAD Price Forecast: Tests upper ascending channel boundary near 1.3900
USD/CAD tests the upper ascending channel boundary around 1.3870. The 14-day Relative Strength Index at 60.8 signals bullish conditions, reinforcing positive momentum. The initial support lies at the 50-day EMA…
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Dow Jones futures steady as traders eye FOMC Meeting Minutes
Dow Jones futures move little as traders adopt caution ahead of the FOMC December Meeting Minutes. Nvidia became the first public company to surpass a $5 trillion valuation, driven by…
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EUR/GBP stays below 0.8750 as eyes focus on ECB, BoE outlook
EUR/GBP weakens as the Pound Sterling strengthens on a cautious BoE policy outlook. The BoE is expected to ease gradually but sees limited room for further cuts near neutral rates.…
AUD/USD maintains its bearish tone, hovering right above 0.6600
The Aussie maintains a bearish tone against the USD, trading near 0.6600. The US Dollar is firming up despite softer US CPI figures. In Australia, rising inflation expectations have failed…
EUR/USD tests mid-term highs ahead of US employment, consumption data
EUR/USD is trading higher on Tuesday, testing highs at the 1.1765 area. The Euro has shrugged off the negative impact from weak Eurozone PMI data Technically, the EUR/USD rally starts…
