Market Overview
CHF/JPY is facing downward pressure as demand for the Japanese yen rises, coupled with the Swiss National Bank’s decision to cut interest rates to 1%. The Swiss franc has lost some of its allure as a safe-haven currency, while the yen is gaining traction due to increased risk aversion in the market.
Technical Analysis
CHF/JPY has reached a key...
Following another rate cut from SNB, the four-month downtrend in ERRANTE:CADCHF CAD/CHF appears to be undergoing a corrective rebound, supported by these fundamental shifts.
Technical Outlook
ERRANTE:CADCHF CAD/CHF is poised for further upside if buyers can successfully break above 0.62997, with potential targets at 0.63444 and 0.63664. However, failure to...
ERRANTE:XPDUSD Palladium remains under heavy selling pressure following the break of a key uptrend, with market participants increasingly cautious due to oversupply and weaker demand from critical industries.
Technical Outlook
While the technical setup points to further downside potential, a clear break below 1027.29 would confirm this bearish view. Should...
Market Overview
The ERRANTE:AUDJPY pair is currently positioned for a continued upward movement, fueled by optimism over China's economic recovery and broader risk appetite in global markets. Technical indicators support the bullish outlook, but buyers will need to clear key resistance levels to sustain the rally. Meanwhile, upcoming inflation data from...
ERRANTE:EURJPY faces selling pressure below 161.185, with technical indicators suggesting a correction is imminent. The pair has been in an upward trend since mid-September, but signs of waning momentum are emerging. The compression of Bollinger Bands and RSI divergence signal that buyers are struggling to maintain control. A break below the 160.359 support...
The Bank of England is expected to hold rates at 5.00%, with a vote split potentially influencing sterling and gilt yields. The vote split is key for sterling, with a closer result likely weighing on the currency. Despite potential risks, sterling remains a favored currency, reflecting positive market sentiment since the July U.K. election.
Technical Outlook
On...
The ERRANTE:UK100 has faced selling pressure as investors lock in profits. This comes as inflation in the UK nears the central bank's target level, prompting expectations that the Bank of England will keep interest rates steady at 5%. The combination of stable rates and profit-taking from shareholders has contributed to a correction in the ERRANTE:UK100 after...
