USD/CAD may test immediate support at the lower threshold of the falling wedge at 1.4160. The daily chart technical analysis shows a falling wedge pattern, signaling...
Using the Elliott Wave (EW), we have successfully tracked the most likely path forward for the SP500 (SPX) over several months. Although there are many ways...
EUR/USD rises to 1.0385 on Thursday, confirming a breakout above the 20-day SMA. A sustained move above 1.0400 could further strengthen bullish sentiment, while the 20-day...
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CSX Elliott Wave Analysis Trading Lounge. CSX Corp., (CSX) Daily Chart. CSX Elliott Wave technical analysis Function: Counter Trend. Mode: Corrective. Structure: Complex. Position: Wave Y of (4)....
NZD/USD could explore the area around the psychological level of 0.5600. The 14-day RSI remains below the 50 mark, strengthening the bearish sentiment. The immediate barrier...
Despite the jump in short-dated US rates yesterday, EUR/USD has moved smartly higher on the back of the Trump-Putin story. Shortly before those headlines hit, the...
Gold halts losses despite US CPI jumping above 3% in January. Traders slash Fed rate-cut bets to just 30 bps for 2025. US Dollar erases gains...
Mexican Peso weighed by hot US inflation, Fed’s rate-cut hopes dwindle US inflation jumps past 3%, delaying Fed rate-cut expectations until September. Fed Chair Powell signals...
GBP/USD hits a daily low of 1.2374 as US inflation jumps above 3%. The US Dollar strengthens as investors expect Fed’s first rate cut until September...
EUR/USD drops on Thursday, slipping to 1.0355 after recent gains. After rising above the 20-day SMA earlier in the week, the pair faces renewed selling pressure and...
GBP/USD plummets as BoE cut rates unanimously The Pound Sterling fell during Thursday’s North American session, down 0.79% after the Bank of England (BoE) reduced the...
German Factory Orders data for December rose a solid 6.9% in the month, versus expectations for a 2.0% gain, Scotiabank’s Chief FX Strategist Shaun Osborne notes....
The Pound Sterling (GBP) slid in the wake of the BoE rate decision, Scotiabank’s Chief FX Strategist Shaun Osborne notes. GBP/USD underperforms on the day “The...
Mexican Peso treads water after failing to clear support at 20.30. Mixed economic data in Mexico weighed on the Mexican currency. Traders await Banxico’s monetary policy...
EUR/USD rises to 1.0335 on Tuesday, gaining bullish momentum. The pair surges past the 20-day SMA at 1.0360, signaling a potential trend shift. RSI climbs to...
GBP/USD gains for a second consecutive day, influenced by halted US tariffs on Mexico and Canada. Technical stance remains bearish unless GBP/USD surpasses 1.2503 SMA and...
The Pound Sterling (GBP) is trading down a little on the session after a two-cent rebound from yesterday’s intraday low and stretch gains against the EUR...
Gold rose to a new all-time high after US President Donald Trump imposed tariffs on Canada, Mexico and China, driving investors to safe havens, ING’s commodity...
Mexican Peso recovered after weakening to an almost three-year low, as US – Mexico pledged to cooperate. The US Dollar Index curtails gain post-announcement, supporting a...
Gold rises 0.87%, maintaining gains as market navigates US tariff implications on global trade. US Dollar Index peaks at two-week high, later retreating as the US-Mexico...