ECB’s Interest Rate Decision and Impact on EUR/USD Exchange Rate

Market picture The crypto market cooled off on Thursday afternoon, but on Friday morning, buyers stepped up again, bringing capitalisation back to levels from the day before at $2.39 trillion. Strong growth was followed by rapid profit-taking, which is a necessary part of healthy growth, suggesting a high chance of continued gains in the coming […]

CADJPY under bullish pressure Likely to rise to resistance 117.00 CADJPY currency pair under the bullish pressure after the price broke above the key resistance level 115.40 (which stopped the previous impulse wave 1 at end of May). The breakout of the resistance level 115.40 accelerated the active impulse waves 3 and (3). Given the […]

WTI oil price fell below $72 on Wednesday and trading at the lowest levels in five months. Bear-leg from $79.57 (Nov 30 peak) extends into fifth straight day, as decision of OPEC+ to extend production cuts and further reduce output from January did not satisfy market expectations, with growing concerns over fuel demand on clouded […]