Recent content by Solid ECN

Canadian Dollar Rises Amid Eased Global Tensions Solid ECN – The Canadian dollar surged beyond 1.37 against the USD this April, bouncing back from its five-month nadir of 1.382 on April 16th. This improvement came as concerns about global risks eased with resolving tensions in the Middle East...

Swiss Franc Recovers Amid Policy Changes and Low Inflation The Swiss franc has stabilized around 0.91 against the USD, recovering from significant losses earlier in the year that pushed it to a six-month low. This happened due to major differences in the monetary policies anticipated for the...

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Japanese Yen Hits 34-Year Low as BOJ Meets Solid ECN – On Thursday, the Japanese yen fell below 155 per dollar, reaching its lowest point in 34 years. This happened as the Bank of Japan (BOJ) began a two-day meeting to discuss its monetary policy. Although the BOJ stopped using negative...

Gold Prices Stable as Investors Eye US Economic Data Solid ECN – Gold prices remained stable at around $2,320 per ounce last Thursday. Investors focused on upcoming U.S. economic updates to get more precise insights into the Federal Reserve's future actions. This interest grew after recent...

WTI Crude Oil Prices Stay High Amid Falling US Stocks Solid ECN – WTI crude oil prices stayed over $82 per barrel on Wednesday, following a near 2% increase the day before. This rise came unexpectedly due to a drop in U.S. crude oil supplies, suggesting strong demand. According to the Energy...

NZ Dollar Rises as US Dollar Weakens, Inflation Drops Solid ECN – The New Zealand dollar has recently seen a slight increase, trading just over $0.594, due to improved market confidence and a slight weakening of the US dollar. Investors feel more optimistic, moving away from last week's urgent...

Australian Dollar Peaks as Inflation Surprises Solid ECN – Recently, the Australian dollar climbed above $0.65, reaching its highest point in nearly two weeks. This increase came after unexpectedly strong inflation data within Australia, suggesting that the Reserve Bank of Australia might keep...

UK Pound Near Low as Investors Eye Rate Cut Soon Solid ECN – The British pound has traded just above $1.24, hovering near its lowest level since mid-November. This comes as investors process robust UK PMI data and consider how it might influence future economic policies. The most recent data...

Euro Gains Amid Strong Europe PMI Data Solid ECN – The euro's value increased to over $1.065, though it stayed near its lowest point since the beginning of November. This movement came as investors evaluated surprisingly strong preliminary PMI data from some of Europe's biggest economies...

U.S. Oil Eyes $87 High as Bullish Trends Hold Solid ECN Blog – Yesterday, U.S. Crude oil prices formed a bullish long-wick candlestick pattern, as depicted in the daily chart above. This development occurred near the 50% Fibonacci retracement level, coinciding with the 50-day Exponential...

GBPJPY Tests Resistance: Potential Bullish Breakout Solid ECN – The GBPJPY currency pair rebounded from the lower band of the bullish flag today and is now testing the 192.8 barrier. The technical indicators are bullish, and the pair will likely break out. If this scenario plays out, it...

Bearish Signs for NZD/USD Solid ECN—The New Zealand dollar traded below the Ichimoku Cloud and the 50 EMA against the U.S. Dollar, sitting at around 0.59 during Tuesday's U.K. trading session. The technical indicators give mixed signals, but they have a more bearish than bullish outlook. The...

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Bitcoin Faces Resistance: Can It Break the $67K Barrier? Solid ECN – Bitcoin, often called digital gold, has reached a critical resistance level around the $67,236 mark. The upper band of the wide bearish flag and the 50% Fibonacci support level support this barrier. Technical indicators are...