USDJPY Wave Analysis

The Canadian labour market gained 14.5k positions in October, with full-time employment up 25.6k and part-time employment down 11.2k. The unemployment rate was unchanged at 6.5% and the participation rate declined 0.1 percentage point to 64.8%. Employment by sector showed gains in business, building and other support services (+29k), while losses were seen in finance, […]

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 […]

GBP/USD started a fresh decline below the 1.2720 zone. USD/CAD is rising and might aim for more gains above the 1.4245 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started another decline from the 1.2800 resistance zone. There is a short-term declining channel forming with resistance at 1.2650 on the hourly […]