Markets Weekly Outlook – ECB to Deliver 25 bps Rate Cut? Bank Earnings in Focus

USDCAD is making a pretty strong rise after the Bank of Canada lowered rates by 25 basis points as expected last week. The price is now testing the major trend line resistance of this triangle on the daily chart, and we are wondering if we can see a breakout, which is certainly possible in a […]

WTI broke key resistance level 75.00 Likely to rise to resistance level 79.15 WTI crude oil recently broke the key resistance level 75.00 (which has been reversing the price from the end of December). The breakout of the resistance level 75.00 coincided with the breakout of the 61.8% Fibonacci correction of the previous sharp downward […]

EURJPY jumped to its highest since January 1992 last week But corrected lower after suspected Japanese intervention Oscillators weaken but remain above neutral zones EURJPY has been in a steep uptrend since the beginning of the year, storming to consecutive multi-year highs. In the near term, the pair experienced a strong pullback following a suspected currency intervention […]