Date Archives

Month: June 2024

U.S. Inflation Hits 2.6% in May, Could Influence 2024 Fed Rate Cuts

June 28, 2024

U.S. inflation slows as anticipated in May Inflation in the U.S. decelerated as expected in May on an annual basis, according to the Federal Reserve’s...

USD/CAD Continues Upward Trend as US Treasury Yields Rise

June 28, 2024

USD/CAD climbs above 1.3700 ahead of Core PCE inflation data FUNDAMENTAL OVERVIEW: USD/CAD continues its upward trend for the fourth consecutive day, trading near 1.3710...

USD/CAD Falls to 1.3670: BoC Macklem Speech in Focus

June 24, 2024

USD/CAD extends its decline to 1.3670, with attention turning to BoC’s Macklem speech. FUNDAMENTAL OVERVIEW: The USD/CAD pair continues its losing streak for the seventh...

Gold Prices Higher: Key Technical Levels

June 20, 2024

Gold prices are on the rise due to increasing geopolitical tensions FUNDAMENTAL OVERVIEW: Gold (XAU/USD) price emerges from a quiet phase on Thursday, rising by...

Bitcoin Price Dips: Key Support and Resistance Levels

June 19, 2024

Bitcoin Price Today: Trading Near Key Levels Around $65K FUNDAMENTAL OVERVIEW: Bitcoin’s price dipped slightly on Wednesday, extending its recent decline amid concerns about the...

Hawkish Fed Comments Drive USD/CHF Above 0.8900

June 17, 2024

USD/CHF climbs above 0.8900 as hawkish Fed comments strengthen the US Dollar FUNDAMENTAL OVERVIEW: The USD/CHF pair breaks a three-day losing streak, trading around 0.8910...

U.S. Weekly Jobless Claims Reach 10-Month High Amid Cooling Labor Market

June 13, 2024

U.S. weekly jobless claims hit a 10-month high. The number of Americans filing new claims for unemployment benefits reached a 10-month high last week, signaling...

Bitcoin Price Hits $67k as Fed Signals Limited Rate Cuts for 2024

June 13, 2024

Bitcoin price drops to $67k following rate cut updates. FUNDAMENTAL OVERVIEW: Bitcoin price fell on Thursday during a volatile session, as the Federal Reserve’s forecast...

USD/CAD Technical Analysis: Bullish Signals and Key Levels to Watch

June 10, 2024

USD/CAD remains stable above the mid-1.3700s, hovering close to its highest level since early May FUNDAMENTAL OVERVIEW: The USD/CAD pair fails to benefit from the...

US Dollar Surges: Stellar NFP Performance Boosts Market Rally

June 7, 2024

The US Dollar surges after a stellar NFP performance The US Dollar strengthens following a positive surprise in the Nonfarm Payrolls figure, reaching 272,000, surpassing...

EUR/USD Declines Amid US Dollar Surge on Positive NFP Report

June 7, 2024

EUR/USD declines as the US Dollar strengthens following a positive US Non-Farm Payrolls report FUNDAMENTAL OVERVIEW: EUR/USD experienced a significant sell-off, dropping to around 1.0840...