The GBP/CAD pair is testing a major technical support level at 1.80, with UK January GDP and Canada's February employment data set for release. On March 18, the Bank of Canada held its interest rate at 2.25%, citing downside growth risks. Markets reacted negatively due to the ongoing war in Iran, impacting UK gas prices. On March 19, the Bank of England surprised markets by keeping the rate unchanged at 3.75%, pushing rate cut expectations further into 2026.
The US Dollar continues to test critical resistance against the Swiss Franc at 0.80 and its 200-day EMA, supported by high interest rates and carry trade demand. Meanwhile, the AUD/NZD pair maintains its bullish trajectory due to the policy divergence between a hawkish RBA and a dovish RBNZ. However, market liquidity…
Read the full storyThe U.S. Dollar surged higher on Thursday, staging a sharp recovery from earlier losses triggered by disappointing JOLTs job openings data of 6.882 million. This sudden reversal was fueled by a speech from Donald Trump that rattled financial markets and reignited demand for the greenback. Major currency pairs,…
The USD/CHF pair is currently testing a major downward trendline breakout, challenging the 200-day Simple Moving Average (SMA) as a key technical resistance. This upward momentum is increasingly driven by broad US Dollar strength against major peers, including the Euro (EUR) and Canadian Dollar (CAD). The continued…
The geopolitical landscape shifted abruptly following reports of Israeli strikes on Tehran, driving the AUD/JPY pair down to the 110.50 level. Market volatility is now being compounded by recent Australian inflation data, which has begun to exert significant influence on currency movements. Furthermore, the Reserve…