Markets Scaled Back Expectations for March Fed Rate Cut to About 50%

CADJPY broke key resistance level 117.00 Likely to reach resistance level 119.00 CADJPY currency pair recently broke through the key resistance level 117.00 (which stopped the pervious sharp upward impulse wave (1) at the end of April, as can be seen below). The breakout of the resistance level 117.00 accelerated the active impulse wave 3 […]

U.S. Highlights The U.S. economy continued to add jobs in November, while the unemployment rate dipped, and wage growth held steady. The JOLTS data also showed a narrowing gap between labor demand and supply, which suggests that activity in the labor market continues to normalize and come into better balance. The ISM services index showed […]

USDCAD reversed from key support level 1.3200 Likely to rise to resistance level 1.3400 USDCAD currency pair recently reversed up from the key support level 1.3200 (which reversed the price multiples times in the middle of 2023, as can be seen below). The support level 1.3200 was further strengthened by the lower daily Bollinger Band […]