Euro zone industry output falls by more than expected in October
The Nasdaq 100 consolidates higher and reaches its best level since early 2022 after pushing past key resistance levels, but the Fed may end its upward momentum if it issues
China Nov bank loans rise less than expected, more easing expected
UK GDP disappoints ahead of major central bank meetings. The pound is understandably weaker heading into the FOMC and BoE meetings
Gold steadies below $2,000 before CPI data, Fed meeting
08:50am Trade (1 HR) EURUSD:Buy 1.07884 tp 1.07968Sell 1.07780 tp 1.07696 GBPUSD:Buy 1.25324 tp 1.25436Sell 1.25209 tp 1.25081 USDJPY:Buy 146.061 tp 146.467Sell 145.659 tp 145.185 USDCAD:Buy 1.36009 tp 1.36079Sell 1.35934
US stocks opened higher, buoyed by lower US yields and a slightly weaker dollar but momentum and oscillating indicators pose a challenge to further immediate upside
Oil prices stable as investors await rate decisions
In this article, we analyze the technical outlook for USD/CAD and USD/JPY, dissecting important price levels that could function as support or resistance in the upcoming trading sessions.
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