Canadian Dollar held steady against the US Dollar (USD) on Monday as markets reacted to the ongoing US government shutdown. USD/CAD hovered near 1.3550, with traders cautious ahead of a week now missing key US economic data. US Shutdown Halts Key Data The US Bureau of Labor Statistics (BLS) confirmed that Friday’s Nonfarm Payrolls (NFP) […]
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Market Analysis – February 1 NZD/USD has retreated from a six-month high as renewed US Dollar demand offsets strength in New Zealand fundamentals. The Kiwi had been supported by a surge in consumer confidence to its highest level since 2021, reinforcing expectations that the Reserve Bank of New Zealand may maintain a tightening bias. However, […]
Market Analysis – January 30 USOil structure transitions bullish above established demand zones. USOil is displaying a clear bullish regime shift, supported by an improving alignment between trend direction and momentum indicators. The short-term moving average has completed a bullish crossover above the medium-term moving average, confirming upside trend resumption and signaling a transition from […]
Market Analysis – January 29 Gold (XAUUSD) sustains upside traction within a firmly established growth phase. XAUUSD remains positioned within a well-defined upward trajectory, with price action consistently holding above rising short- and mid-term moving averages. Momentum conditions continue to favor the upside, as positive MACD readings and expanding histogram bars reflect strengthening buying pressure. […]
The currency pair may soon maintain a stable upside moves.The bulls might outsmart the short traders on both outlooks. EURNZD Weekly Price Analysis – January 30 The EURNZD price could go higher, and bullish action may persist as buyers anticipate further growth, with the price edging closer to the resistance level. The currency pair is […]
GBP/USD fell below 1.3780 during Thursday’s North American session as the US Federal Reserve (Fed) kept interest rates unchanged and highlighted a stable labor market. At the time of writing, the pair trades at 1.3779, down 0.18%, reflecting pressure from a stronger US Dollar and weaker risk assets. Dollar Strength and Risk Asset Sell-Off The […]
Market Analysis—January 29 The US Dollar is regaining momentum against the Japanese Yen, with both currencies lagging behind their G8 peers this week. USD/JPY is currently trading around the 153.50 region, where price action is stabilizing after rebounding from a three-month low near 152.00. This recovery phase is unfolding as traders shift their attention to […]
FTSE 100 Analysis – January 28 The FTSE 100 market maintains a bullish structure with a strong uptrend bias. The FTSE 100 continues to display a constructive upward trajectory, with trend-following indicators broadly aligned in support of further gains. Price remains comfortably above the short-term moving average around $10,170, reinforcing positive momentum conditions despite mild […]
