USD/CAD: Goldman sees Canadian dollar supported by energy shock near term

The VanEck Junior Gold Miners ETF (GDXJ) is an exchange-traded fund that provides exposure to small- and mid-cap companies primarily engaged in gold and silver mining worldwide. In this article, we will explore the long term Elliott Wave technical path of the ETF. GDXJ Monthly Elliott Wave View On the monthly timeframe, the Elliott Wave outlook…

Today’s USD/JPY chart indicates that the U.S. dollar has strengthened against the yen by over 6.6% since the beginning of the month. Starting this trading week, the rate has surpassed 153 yen per dollar, a level not seen since August 31. This bullish sentiment towards the dollar has been driven by the outcome of Japan’s…

CFD trading is fast, dynamic, and full of opportunities, but it also comes with risks. Market volatility, leverage, and liquidity challenges can quickly turn profits into losses. As a broker, maintaining profitability isn’t just about offering tight spreads or a sleek CFD trading platform; it’s about ensuring your traders have the right tools to manage…

USD/JPY edged higher to 153.87 last week but failed to sustain above 61.8% retracement of 161.94 to 139.57 at 153.39 and retreated. Initial bias remains neutral this week for more consolidations. Further rally is expected as long as 55 D EMA (now at 148.96) holds. Sustained trading above 153.39 will pave the way to retest…