USDCAD broke resistance level 1.3950 Likely to rise to resistance level 1.4050 USDCAD currency pair rising strongly after the earlier breakout of the resistance level 1.3950 (former multi-month high from August). The breakout of the resistance level 1.3950 accelerated the active short-term impulse wav 3 of the higher order impulse wave (3) from the end […]
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China’s economic data for October showed a mixed performance, with retail sales surpassing expectations while industrial production and fixed asset investment slightly underperformed. Industrial production grew by 5.3% yoy, just shy of the expected 5.4% Read more…
Japan’s economy expanded by 0.2% qoq in Q3 2024, aligning with market expectations but indicating a slowdown from the previous quarter’s momentum. On an annualized basis, GDP grew by 0.9%, surpassing the anticipated 0.7%, yet Read more…
Key Highlights USD/JPY started another increase above the 154.65 resistance. A key bullish trend line is forming with support at 155.25 on the 4-hour chart. Gold extended losses and traded below the $2,600 support. Oil Read more…