Canadian Dollar Outlook: USD/CAD in Freefall after Double Top Confirmation Signal

USD/CAD extends its recent sell-off and challenges trendline support near 1.3150 after validating a bearish double-top pattern late last week.

from DailyFX – Market News https://ift.tt/eUlHCxp
via IFTTT

Japanese Yen Forecast: USD/JPY Entrenched in Strong Uptrend amid Hawkish Powell

USD/JPY resumes its advance and rises to multi-month highs, supported by higher Treasury yields following Powell’s hawkish comments in a congressional hearing.

from DailyFX – Market News https://ift.tt/KxunprM
via IFTTT

Bitcoin (BTC/USD) Posts a Six-Week High on Positive News Flow

The price of the largest cryptocurrency hit a fresh six-week high today, buoyed by news that BlackRock, the world’s largest asset manager, has filed for a spot BTC ETF

from DailyFX – Market News https://ift.tt/eU0CvLM
via IFTTT

Chinese Yuan Price Outlook: PBoC Cuts Rates Leaving Yuan Vulnerable

The Chinese yuan has depreciated against the dollar and pound sterling as accommodative monetary policy is favoured to reignite the economic recovery

from DailyFX – Market News https://ift.tt/JuTB7pO
via IFTTT