Market movers today Markets will continue to digest gloomy Chinese PMI figures released over the weekend. A range of Manufacturing PMI figures for April are out in Europe and Scandinavia, as is the EU Commission’s economic sentiment indicator. Business indicators have so far remained surprisingly resilient despite the headwinds from the Ukraine war. In the […]
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The Canadian dollar posted its fourth straight losing week, declining about 1%. In Monday’s European session, USD/CAD is trading at 1.4397, up 0.16% at the time of writing. Canada’s GDP expected to remain at 0.1% Read more…
CADJPY, Daily In the Daily timeframe, CADJPY formed a symmetrical triangle pattern. The price is testing the upper trend line and MA50. At the same time, the lips crossed the jaw of the Alligator, indicating Read more…
USDCHF, H2 USDCHF is navigating within a symmetrical triangle, sandwiched between the 0.8950 resistance and the 0.8920 support. The price breaks above the DEMA and TEMA, while the RSI breaks below the 50-line. If the Read more…