USDCAD Gears Down as BoC Rate Decision Looms

DXY: For DXY, aligning with the overall bullish momentum, there’s potential for a bearish reaction from the pivot level, possibly leading to a drop towards the 1st support. The pivot at 104.19 acts as an overlap resistance, suggesting a pivotal level where selling pressure may arise, supported by its historical significance. Additionally, the 1st support […]

Market picture The cryptocurrency market is near 6-week highs, with capitalisation near $2.44 trillion, adding 0.5% in the last 24 hours. A wait-and-see attitude and some profit-taking replaced active buying in the last three days starting Friday. Judging by the dynamics, the market prefers to stand still, waiting for new signals, which may be statements […]

The UK labour market is experiencing a cooling phase. The number of applications for unemployment benefits in June increased by 32.3K after a jump of 51.9K a month earlier. Prior to that, this indicator had been drifting for almost two years, adding an average of 2.5K per month. The rise in claimant count claims may […]