investstationgroup

investstationgroup

Investor caution boosts USD/CAD towards 1.3350. Insights on inflation, rates await in FOMC minutes. Canada anticipates a 5.9% jobless rate, up from November's 5.8%.

investstationgroup

The pair maintains a position marginally higher than both the 50-period moving average and the Woodie pivot point. This indicates a slight upward trend or stability in its current positioning within the market. Observing this alignment can offer insights into potential support levels and trends, guiding traders and analysts in their assessments of the pair's...

investstationgroup

The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 17280.9 level.

investstationgroup

The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 17280.9 level.

investstationgroup

The ECB appears to be on track to cut interest rates in June, barring any major surprises, and recent inflation data further strengthens the case for a rate cut ahead. In contrast, the Fed decided to leave interest rates unchanged on Wednesday, citing the FOMC's lack of progress in bringing inflation back to its 2% target. EUR/USD is trading in a fairly wide...

investstationgroup

Fundamentals This Friday, the US Department of Labor will release the April nonfarm payrolls report. Current market expectations suggest the report will show robust growth in employment momentum, with continued easing in wage pressures. A Bloomberg survey's median estimate anticipates a seasonally adjusted nonfarm payroll increase of 240,000 jobs in April....