Canadian Dollar Flat, BoC Poised to Cut Rates

GBP/USD started a fresh increase above the 1.2920 zone. USD/CAD declined and now consolidates below the 1.3640 level. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound is eyeing more gains above the 1.3130 resistance. There is a connecting bullish trend line forming with support near 1.3100 on the hourly chart of GBP/USD […]

Market picture The cryptocurrency market has plunged 6% to a capitalisation of $2.08 trillion, its lowest level in nine days. Bitcoin is falling in line with the broader trend, while Ethereum and Solana are down 8.4% and 7.3%, respectively. Gold has also experienced an almost synchronised sell-off, losing around 1%, but equity markets remain generally […]

The euro is steady on Monday. EUR/USD is trading at 1.0714 in the North American session, up 0.10% on the day. French election triggers market turmoil France’s financial markets took a tumble late last week, as investors are nervous about the snap parliamentary election at the end of June. There are fears that the extreme […]