Norton

EUR/CAD is clearly in a bullish sequence from August 22, 2022, in the primary degree wave count. This cycle forms a 3-wave structure. Wave ((A)) ended in April 2023. Then, a wave ((B)) pullback followed and completed at the September 2023 low. From that low, the pair rallied and breached the wave ((

As long as New Zealand Dollar (NZD) holds above 0.6015 against US Dollar (USD), it may test 0.6060 before leveling off. In the longer run, NZD could continue to rise; the next level to watch is 0.6080, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. NZD is set to continue to rise 24-HOUR

On the radar Hungarian central bank kept policy rate unchanged at 6.50%. Real retail sales in Poland disappointed arriving at 2.2% y/y in June. Real wage growth in Slovenia landed at 5.2% in May. Today, Poland releases unemployment rate at 10 AM CET. Economic developments With the release of June’s

The EUR/CHF is holding firm above 0.9300 as bears fail to trigger a breakdown.The cross has remained trapped in a sideways channel between 0.9300 and 0.9430 since early May.The RSI is pointing upward at 45.84, showing early signs of bullish momentum. EUR/CHF is holding firm on Thursday, with the pai

The Japanese Yen (JPY) is entering Wednesday’s NA session unchanged against the US Dollar (USD) with an impressive recovery from overnight losses that seemed to primarily reflect movement in the US Treasury market, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note. Overnight reco

European Central Bank (ECB) president Christine Lagarde said on Friday, “we will do whatever we must do to reach inflation target.” Additional quotes We must have stability on prices. ECB is fully committed to inflation target. Economic system needs to become more efficient before euro can boost glo

The Japanese Yen attracts buyers as the upbeat data reaffirms BoJ rate hike bets.US fiscal concerns undermine the USD and further weigh on the USD/JPY pair. The divergent BoJ-Fed expectations back the case for further losses for the pair. The Japanese Yen (JPY) scales higher during the Asian session

Gold price steadies near $3,350 after a disappointing ADP report reflects weakness in the US labour market.The US Senate narrowly passes President Trump’s tax bill with the July 4 deadline in sight.XAU/USD threatens the 20-day SMA near $3,350 with bulls eager to retest $3,400. Gold (XAU/USD) price i