USD/CHF’s rebound from 0.7760 resumed last week and accelerated through 0.7906 resistance. The development suggests that fall from 0.8041 has completed as a correction to 0.7760. Initial bias stays on the upside this week for retesting 0.8041 first. For now, risk will stay on the upside as long as 0.7867 minor support holds, in case…
Markets ended the week in a far more defensive mood than they began it. After spending May climbing steadily on the back of AI enthusiasm, resilient economic growth, and hopes for easing geopolitical tensions, investors were suddenly forced to confront three separate risks at once. A sharp correction in technology stocks, renewed concerns that US…
GBP/USD’s late decline last week suggests rejection by 55 D EMA (now at 1.3453), which is a bearish signal. But downside is contained above 1.3300 support. Initial bias stays neutral this week first. Break of 1.3300 will target a retest on 1.3158. Firm break there will extend the whole fall from 1.3867 to 100% projection…
USD/JPY’s rise from 155.01 extended higher last week and there is not sign of topping yet. Initial bias remains on the upside for 160.71. Strong resistance is still expected from there to limit upside. Break of 159.08 will turn bias back to the downside the extend the corrective pattern from 160.71 with the third leg….
EUR/USD’s fall from 1.1848 resumed by breaking through 1.1575 last week. Initial bias is back on the downside this week for retesting 1.1408 first. For now, risk will stay on the downside as long as 1.1685 resistance holds, in case of recovery. In the bigger picture, the strong support from 38.2% retracement of 1.0176 to…
The US dollar initially rallied against the Canadian dollar on Thursday but has given back some of the strength to sit still and eventually head back towards the unchanged region. That makes sense for a multitude of reasons. The first one of course being the fact that interest rates did drop in the United States….
The Eurozone economy contracted in the first quarter of 2026. GDP fell by -0.2% qoq, reversing the 0.2% expansion recorded in the previous quarter, while annual growth slowed sharply to 0.3% yoy from 1.2% yoy. Across the broader EU, GDP declined by -0.1% qoq, with annual growth easing to 0.7% from 1.4%. The details suggest…
DAK Markets, a technology-driven broker, has announced that it has partnered with cTrader to support its growing global community with the award-winning trading platform. cTrader gives traders full visibility into trading operations through detailed trade receipts, along with advanced native charting, DOM and built-in risk management tools such as advanced SL/TP, price alerts and custom…
Trade Tech Solutions, a global provider of technology for prop firms and brokers including Goat Funded Trader and other leading prop firms, has announced that it has integrated Prediction Markets as a native module inside the Match‑Trader trading platform. The release enables Trade Tech Solutions’ clients to add a new, event‑driven market type to their…
Canada’s labor market delivered a much stronger-than-expected performance in May, with employment rising by 87.8k compared with expectations for a gain of just 10.2k. The increase marked the first significant monthly advance since November 2025 and followed a decline of -17.7k in April. While the result does not fully offset the weakness seen earlier this…