GBP/USD continues to advance within its annual trading range. At the end of the week, strong US labor market data triggered a sharp counterattack by sellers, but they encountered Bullish Imbalance 32. Yesterday, it was noted that a corrective pullback could actually be a favorable development for buyers, as it would provide an opportunity to […]
Canada lost 4,700 jobs in October, against a consensus forecast of a 13,600 gain, and the unemployment rate rose to 6.7 per cent. Statistics Canada published its Labour Force Survey at 13:30 GMT, alongside the US Bureau of Labor Statistics Employment Situation report, in which payrolls beat the consensus by 100,000. USD/CAD traded at 1.4102
Canada loses 4,700 jobs, USD/CAD rises Read More »
The US dollar moved higher after the October jobs report came in stronger than expected. Nonfarm payrolls rose 165K versus the 65K estimate, September was revised up to 60K from 29K, and the net revision over the prior two months was +84K. The unemployment rate edged down to 4.1% from 4.2%, even as labor force
USD moves higher after the US jobs report. What levels are in play now? Read More »
The global cryptocurrency landscape suffered a historical cyberattack on October 29, 2026. Experts are labeling it as a record for the highest amount of cryptocurrency heist in the history of blockchain, crypto, and digital assets. Needless to mention, an attack the magnitude of Binance hack 2026 had to send shockwaves across the topmost structures associated
The AUDUSD is stretching to a new session low after an up-and-down trading day that has seen the price work lower in steps. The day started with a test of the 100-hour and 100-day moving averages near 0.7038. Sellers leaned against that resistance and pushed the price lower. Initial declines toward 0.7014 and then 0.6998
AUDUSD trades to a new low and looks to test a swing area target Read More »
The 4-hour wave structure for EUR/USD has become more complex. On the higher timeframe (lower chart), the downward section of the trend has taken the form of a five-wave structure, A-B-C-D-E, which could be completed at any time, as it appears to be fully developed. All the waves in this section are approximately equal in
EUR/USD Analysis – November 2: Market Uncertainty Ahead of the US Elections Read More »