Markets Weekly Outlook – PMI Data and IMF Meeting Dominate the Agenda

The USDCAD pair remains within a sideways range, with the Canadian dollar occasionally showing a tendency to strengthen. Recent DES data revealed that Canadian households have become more affluent. In Q4 2023, their “net” worth increased by 1.8%, or 300 billion Canadian dollars, smoothing out the decline seen in the previous quarter. This increase can […]

AUDUSD in the green again today, close to its 4-month high Aggressive move higher from the October lows Momentum indicators potentially ready to signal a reversal AUDUSD is trying to register a strong green candle as it continues to trade above the key February 2, 2023 descending trendline. It has been an aggressive rally from […]

USDCHF reversed from resistance area Likely to fall to support level 0.8500 USDCHF currency pair recently reversed down from the resistance area set between the resistance level 0.8735 (former monthly low from March), 20-day moving average and the 50% Fibonacci correction of the downward impulse from the start of July. The downward reversal from this […]