AUD/USD Stable At 0.6608 Despite Bearish Market Sentiment

This trading week proved to be an extra rough one for risk assets, as market players had to balance top tier economic updates, U.S. tech sector woes and OPEC developments. U.S. jobs indicators were arguably the main attraction as pre-NFP jitters drew reactions, mostly risk aversion behaviors and anti-dollar moves.  Which headlines made…

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The July 1 deadline for the USMCA six-year review is approaching and almost nobody in trade circles believes it will be met cleanly. A Scotiabank-hosted event in Mexico City this week with CSIS fellow Diego Marroquín Bitar laid out why, and the takeaway is straightforward: expect a drawn-out, painful process that extends well into 2027,…

Events to pay attention to today: 09:00 GMT+3. GBP – Gross Domestic Product 15:30 GMT+3. USD – Consumer Price Index GBPUSD: The GBP/USD pair is demonstrating a resurgence in positive momentum during the Asian session on Wednesday, with a notable ascent towards a new daily peak over the past hour, approaching the 1.3100 mark. It…

Candlestick patterns are a vital tool for traders, offering insights into market sentiment and potential price movements. Among these formations, breakaway patterns are particularly notable for their ability to signal trend reversals. This article delves into the specifics of these formations, explaining how to identify, interpret, and apply them in trading strategies to potentially enhance…