The global forex market continues to deliver significant movements as 2024 nears its end. In recent days, the spotlight has been on U.S. Treasury yields dropping below their 200-day moving average and the USD/JPY pair plunging below the critical 150.00 mark. These shifts underscore broader trends in monetary policy, economic…
Welcome to the Weekly Forex Report, your go-to source for analysing the latest forex market trends. This week’s report covers the rise of USD/JPY and the impact of falling Canadian retail sales. A Big Day for Canada In this Weekly Forex Report, we explore key movements, Canada took centre stage…
USD/CAD Technical Analysis Current Support Levels The USDCAD is currently supported by its 100-hour moving average, which is positioned at 1.35756. This moving average acts as a crucial support level, providing a base for potential bullish momentum. Resistance Levels to Watch For the USDCAD to exhibit a sustained bullish outlook,…
HUBFX Market Report – September 10, 2024 A Recession Looms Over Europe Early Next Year As we approach the final quarter of 2024, all eyes are on Europe as an economic recession is expected to hit early next year. Geopolitical tensions, inflation, and sluggish growth have weighed heavily on the…
