USD/CAD Market News

Japan Gross Domestic Product Annualized came in at 1.1%, below expectations (2%) in 2Q

Weekly column: Cool inflation data propels S&P to record highs while others lag

It’s been a relatively muted week across much of the equity markets as hopes that Iran and the U.S. would reach an arrangement to reopen the Strait of Hormuz faded, leading to a 6% increase in Crude Oil prices.

PFE price outlook: Pfizer pressing against 0.618 arc. Potential breakout toward $27.95

Overview: Based on Arc Cycle Analysis applied to the 1D chart, Pfizer is interacting with the 0.618 Resistance Arc within the current Arc Cycle. Price is testing this Resistance Arc, suggesting the potential for a breakout toward the next Resistance Arc.

BTC/USD price outlook: Bitcoin navigating between arc levels. Potential continuation toward $58,000

Overview: Based on Arc Cycle Analysis applied to the 1D chart, Bitcoin is trading between the 0.5 Arc and 0.618 Arc within the current Arc Cycle. Price has cleared the 0.5 Arc and is progressing toward the 0.618 Arc, suggesting continued movement toward the next Arc boundary.

Silver price outlook: Silver pressing against 0.5 arc. Potential breakout toward $66.30

Overview: Based on Arc Cycle Analysis applied to the 1h chart, Silver is interacting with the 0.5 Resistance Arc within the current Arc Cycle. Price is testing this Resistance Arc, suggesting the potential for a breakout toward the next Resistance Arc.