Daily Market Analysis USD/CAD Continues to Rise The USD/CAD pair has been steadily climbing, with daily pivots indicating a bullish trend. The support levels are at 1.2818, the pivot point at 1.2859, and the resistance levels at 1.2940. This upward movement comes after a rise from 1.2516 and the intraday bias is expected to remain…
Charmingly Eccentric: A Recap of Monday’s Trading Action We’re only a few hours into trading on Monday and already it’s been action-packed across the board, setting us up for another blockbuster week. We’ll dive into the details below: As the markets opened on Monday morning, investors were greeted with a flurry of activity. Stocks surged,…
Is the USD/JPY Price Rally Coming to an End? How Japan’s Response to the Yen’s Weakness Could Impact the Market The USD/JPY has hit 135.00 for the first time in twenty years, fueling concerns over the yen’s weakness. Japan’s top officials are ready to “respond appropriately” to the situation, which has raised questions about the…
Let’s Talk About the Wild Ride of WTI’s Price in the Past Two Weeks What’s Been Happening? For the past two weeks, WTI’s price has been on a rollercoaster ride, with ups and downs that could make even the most seasoned investor’s head spin. The commodity seems to be enjoying some support from its fundamentals…
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Germany’s SPRIN-D Challenge: Exploring Breakthrough Ways to Remove Carbon From the Atmosphere The Carbon-to-Value Initiative Germany’s SPRIN-D challenge ‘Carbon-to-Value’ has recently granted five projects an initial €600,000 to explore breakthrough ways to remove large quantities of carbon from the atmosphere. This initiative is paving the way for innovative solutions that could potentially revolutionize the fight…
IMF Japan Mission Chief Ranil Salgado Discusses Yen Movements Analysis of Yen Movements In a recent statement, IMF Japan mission chief Ranil Salgado commented on the recent movements of the Japanese Yen, stating that they “reflect fundamentals”. According to Salgado, there are both positive and negative effects in the yen’s depreciation. Positive Effects One of…
Charmingly Eccentric and Engaging: A Look at Daily Pivots The Daily Pivots Overview In the world of trading and finance, keeping track of daily pivots is vital for making informed decisions. These pivots provide key levels that help traders identify potential support and resistance areas. US/CHF’s Recent Movement The recent breach of 0.9763 minor resistance…
