Latest Market News

EURUSD, “Euro vs US Dollar” The currency pair has extended the consolidation range to 1.0572. Today the pair may grow to 1.0616. After this level is reached, one more structure of decline to 1.0530 might develop. Then a correction to 1.0595 (a test from below) and a decline to 1.0460 might follow. The goal is […]

USDCAD, “US Dollar vs Canadian Dollar” The currency pair is correcting in a Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower border of the Cloud at 1.3625 is expected, followed by growth to 1.3845. An additional signal confirming the growth will be a bounce […]

On Thursday, the British pound against the US dollar is trying to grow. The current quote is 1.2117. The British statistics yesterday was cheerful. The CBI retail sales balance in December grew to 11 points from -19 points, while it had been expected to drop to -24 points. This is good news for the economy, […]

JPY Well Bid Following BOJ The Japanese Yen is surging higher across the board today on the back of a surprising tweaking of the BOJ’s yield curve target rate. At the December meeting overnight, the BOJ widened the band by 0.25%. JGB yields will now be allowed to trade as higher as 0.5% with many […]

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EURUSD, “Euro vs US Dollar” The currency pair is growing inside a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower border of the Cloud at 1.0595 is expected, followed by growth to 1.0870. An additional signal confirming the decline will be a bounce off […]