Errante

Errante Broker

Technical Analysis On the hourly chart, AUD/CAD is attempting to complete a short-term bullish reversal pattern that began forming after the pair established a base at the psychological level of 0.90000. Buyers have successfully pushed the price above the resistance at 0.90189, gaining proximity to the 100-period moving average—a key area of interest. A sustained...

Errante Broker

Market Overview The British Pound surged to a four-and-a-half-month high against the US Dollar on Tuesday as expectations grew that the Bank of England (BoE) would refrain from cutting interest rates later this week. Meanwhile, Sterling weakened against the Euro, driven by optimism surrounding Germany’s stimulus plans. The Euro’s strength has contributed to a...

Errante Broker

On the four-hour chart, EUR/AUD has successfully broken above its previous downtrend and now trades above the 100-period moving average, reinforcing a short-term bullish outlook. Buyers have managed to clear the 1.65192 resistance level, extending the rally toward the 127.2% Fibonacci extension of the latest bearish swing at 1.65433. A sustained break above this...

Errante Broker

GBP/CAD remains under pressure as investors brace for BoE’s rate decision and guidance on future cuts. A break below 1.78432 would confirm further downside, while a recovery beyond 1.79110 could delay further declines. The policy outlook from Governor Bailey remains the primary driver of GBP’s next move. Read the full article on our website: erranteacademy.com

Errante Broker

China responded with retaliatory tariffs on US imports, announcing 15% duties on coal and liquefied natural gas (LNG) from the US, alongside 10% additional tariffs on crude oil, agricultural equipment, and automobiles. This deterioration in global trade relations has weakened commodity-linked currencies, particularly the Australian dollar, as China remains its...

Errante Broker

The Japanese yen continues to strengthen against the British pound, benefiting from its safe-haven appeal as trade tensions escalate. Increasing speculation over potential US trade tariffs on the UK and the European Union has heightened uncertainty, prompting investors to seek refuge in low-yielding, risk-averse assets such as the yen. Technical Analysis On the...