Breakout

BANK OF CANADA DECISION:Bank of Canada holds rates steady at 5.00% for the second month in a row, in line with expectationsThe bank says that inflationary risks have increased and that it is prepared to raise borrowing costs further if…

GOLD PRICE OUTLOOKGold prices have been rallying this month despite the surge in U.S. Treasury yieldsBond market dynamics are taking a back seat as trades shift their attention to geopolitics.This article looks at XAU/USD’s key levels to…

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox,…

Cardano (ADA) has remained perched above the critical annual support level of $0.24, a steadfast line of defense in the face of market volatility. Despite the notable price swings, the asset’s price action has…

AUD/USD sellers just broke the market to the downside, with big help from another sticky consumer inflation update from the U.S. Is this a fresh short opportunity or a long pullback in the works? AUD/USD: 1-Hour AUD/USD 1-Hour Chart by…

USD/JPY FORECAST:USD/JPY stabilizes after Tuesday’s pullback triggered by possible FX intervention by the Japanese government.The pair maintains a constructive outlook in the near term.This article looks at USD/JPY’s pivotal technical…

Today, let’s dive into the price action on EUR/NZD as the action may heat up ahead of top tier catalysts. So, grab your favorite trading mug, settle into your trading chair, and let’s get started! EUR/NZD: 1-Hour EUR/NZD 1-Hour Forex…

If you’ve only started trading this month, you should know that the U.S. dollar has been dominating its major counterparts as the markets price in the Fed possibly raising its interest rates at least one more time before the year ends. …

USD/JPY OUTLOOK:USD/JPY halts its advance near 11-month highs after breaching channel resistance earlier in the week.Despite some market hesitation, the U.S. dollar maintains a bullish outlook. Absent FX intervention by the Japanese…

With a couple of Eurozone data events on tap, you can bet that we’re looking at EUR pairs today! EUR/USD looks ready to extend a longer-term trend after a short consolidation. What do you think of the pair’s 1-hour setup? EUR/USD…