
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
2019-11-11 • Updated
CAD/JPY continues to rise inside the minor C-wave, which belongs to the intermediate ABC correction (2) from the end of April. The price today broke above the resistance level 85.00, which was set as the buy target in our previous forecast for this currency pair. The breakout of the resistance level 85.00 should strengthen the bullish pressure on this currency pair. CAD/JPY is expected to rise to the next buy target at the resistance level 86.0 (target price for the completion of the active wave C).
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
What happened? Japanese shares fell on Monday…
USDCAD began the week slightly higher reaching as high as 1.2510 but failed to sustain these gains.
Let's dive into the world of gold. Currently, the price of gold, represented by XAUUSD, is stuck in indecision, hovering around the $1,975 mark. The market is anxiously awaiting two important factors: the release of the Federal Reserve's meeting minutes and the extension of the US debt ceiling.
Hey guys, this is the last full trading week in May, and many forward-looking individuals like myself are already preparing themselves to seize whatever opportunities June may have in store. On this note, I will review a few commodities that have satisfied my quest for swing-trading opportunities in the coming month. Follow me!
The Bank of England (BoE) has dramatically shifted its economic forecasts. They no longer expect a recession in the UK and have upgraded their growth projections. This year, the BoE predicts GDP growth of +0.25%, a significant improvement from previous expectations. Next year's forecast is even more optimistic, with a projected growth of 0.75%.
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