Share: GBP/JPY uptrend appears to be overextended, with the next major target set at the 190.00 psychological level, a peak not seen since September 2008. A successful breach of 190.00 could open the path towards the September 2008 high of 198.34, potentially even the 200.00 mark. On the downside, initial support is today’s
Share: Canadian Dollar market flows turn bullish following US & Canada labor data prints. Canada Unemployment Rate flat at 5.5%, US unemployment holds at 3.8%. US NFP handily beats expectations with slightly softer earnings. The Canadian Dollar (CAD) is climbing to fresh highs, set to challenge Monday’s trading range following a bumper labor
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© Reuters. FILE PHOTO: U.S. Dollar and Chinese Yuan banknotes are seen in this illustration taken January 30, 2023. REUTERS/Dado Ruvic/Illustration/File Photo By Dhara Ranasinghe LONDON (Reuters) -The dollar eased from recent 10-weak peaks on Tuesday as global risk appetite recovered after being hurt by a jump in U.S. government bond yields and a weakening
Share: GBP/USD rises 0.22% as market sentiment remains upbeat, with NVIDIA earnings and BoE rate hike prospects in focus. Interest rate differential between the US and UK narrows, potentially pushing GBP/USD towards the YTD high of 1.3147. Technicals indicate resistance at the 50-DMA of 1.2791; a breach could target 1.2995, while support lies
Share: USD/MXN drops more than 1.50%, but clings to the 17.0000 psychological level. US jobs data came soft, thus decreasing the chances for additional tightening by the Federal Reserve. Upcoming economic data includes the US inflation report, Balance of Trade, and Fed speakers, while in Mexico, Consumer Confidence and inflation rate will be
Australian Dollar Vs US Dollar, Canadian Dollar, Singapore Dollar – Price Setups: A double top risk in AUD/USD as risk appetite scales back for now. AUD/SGD threatens to break below a bearish triangle. AUD/CAD drifts lower within a downtrend channel? Recommended by Manish Jaradi Get Your Free Top Trading Opportunities Forecast A scaling back in
