Chart Art: AUD/CAD Bears Defend Key Resistance Ahead of Canada Jobs Report
AUD/CAD bears are holding the line at a key resistance zone! With Canada’s jobs data due today, the pair’s next move could come with some real conviction.
AUD/CAD bears are holding the line at a key resistance zone! With Canada’s jobs data due today, the pair’s next move could come with some real conviction.
The broader market mood is once again looking more mixed, in trying to digest US-Iran developments this week. But in the context of US equities, there is a different narrative running as we saw a sharp selloff in semiconductor stocks yesterday. Dip buyers managed to salvage things right before the close but there were still some steep losses for…
AUD/USD depreciates after registering minor gains in the previous day, trading around 0.7120 during the Asian hours. The technical analysis of the daily chart shows the pair consolidating sideways within a rectangle pattern, as neither bulls nor bears gain control. The AUD/USD pair is holding a slight bearish tone however as it sits beneath both the nine-day and 50-day…
2026.06.05 2026.06.05 Greenback Stalls as Markets Await US Jobs Report. Forecast as of 05.06.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Donald Trump says one thing, while Iran and Hezbollah say something completely opposite. Investors do not know who to believe. As a result, oil and the EUR/USD pair are fluctuating wildly. Meanwhile, the markets are expecting a signal from US employment data. Let’s…
USD/CAD sits right at a long-term Fibonacci level as both the U.S. and Canadian jobs reports land on the same day. The Greenback has been gaining strength all week while the Loonie has been losing ground. Will the top-tier economic reports make or break this trend? Here’s what we’re seeing on multiple time frames.
NQ JUN26 update: 30-minute chart, around 3:39 AM New York time Updated prediction score: -5.5 / +10Bias: Bearish while NQ remains below 30244, with swing-bear targets open only if 30016-30000 fails I wrote a few hours ago that Nasdaq is bearish with a score of -5 and now Nasdaq futures remain under selling pressure. The important update is that…
Gold prices fell in Saudi Arabia on Friday, according to data compiled by FXStreet. The price for Gold stood at 535.84 Saudi Riyals (SAR) per gram, down compared with the SAR 540.23 it cost on Thursday. The price for Gold decreased to SAR 6,249.75 per tola from SAR 6,301.16 per tola a day earlier. Unit measure Gold Price in…
WTI swung $9 on headlines that never moved a single barrel. Let’s break down what that means for currency traders.
Summary: Explosion reported near Oman’s Mina al Fahal crude terminal on the Gulf of Oman; cause unclear but an alleged drone attack has been cited, extending conflict risk beyond the Strait of Hormuz to open-water export infrastructure, oil tracked broadly sideways Japan April real wages rose for a fourth consecutive month, the longest such streak in five years; wages…
USD/JPY extends its losses for the second successive day, trading around 159.90 during the Asian hours on Friday. The currency pair depreciated as the Japanese Yen (JPY) found support from heightened fears of government intervention. Japan’s Finance Minister Satsuki Katayama renewed warnings to the market as the JPY hovered near the critical 160.00 per USD level, emphasizing that authorities…