Investing.com – The U.S. dollar slipped lower Friday, handing back some of the previous session’s gains on the back of strong retail sales, but remained on track for its third weekly gain in a row. At 04:35 ET (08:35 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded…
TrendForce EA: A Comprehensive Analysis TrendForce EA represents an automated forex trading solution designed to capitalize on trend-following strategies across major currency pairs. Based on the provided trading statistics and configuration parameters, this review analyzes its performance, features, and potential considerations for traders. Introduction to Forex Trading and Automated Tools In the world of Forex…
The XAU/USD chart shows that gold has reached a historic high, surpassing the psychological level of $2700. According to Yahoo Finance:→ Bullish momentum is being driven by central banks increasing their gold reserves;→ Goldman Sachs analysts have raised their gold price target from $2700 to $2900. On 9 October, when analysing the gold price chart,…
The upward momentum of the U.S. dollar continues to build: GBP/USD traded below 1.3000 this week; EUR/USD tested 1.0800; USD/JPY buyers strengthened the price above the key support level of 150.00. GBP/USD On Wednesday, the release of the UK Consumer Price Index (CPI) confirmed market expectations that the Bank of England may soon cut its…
GBP/USD started a fresh decline below the 1.3200 zone. USD/CAD is rising and might aim for more gains above the 1.3820 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today · The British Pound started a major decline from the 1.3400 resistance zone. · There was a break above a key bearish trend line forming…
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EURUSD: EUR/USD broke its four-day losing streak, trading near 1.0840 during the Asian session on Friday. However, the US dollar (USD) received support and hit a two-month high of 103.87 on Thursday, helped by a good US retail sales report, which fueled expectations that the Federal Reserve (Fed) may go for a nominal rate cut….
GBPUSD: The dollar bulls decided to lock in some profits, which, in turn, supports the pair. An unexpected drop in UK inflation confirms bets on further rate cuts by the Bank of England and puts pressure on the British pound. The GBP/USD pair is attracting some follow-through buying during the Asian session on Friday and…
USDJPY: The Japanese yen (JPY) gained against its US counterpart during the Asian session on Friday and so far appears to have broken a two-day losing streak, hitting its lowest level since early August the previous day. The yen has strengthened slightly in response to verbal intervention from Japanese authorities and stronger inflation data from…