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2024.08.08 2024.08.08 Order Book: Concept, Operating Principle, and Depth of Market (DoM) Oleg Tkachenkohttps://www.litefinance.org/blog/authors/oleg-tkachenko/ The price of an asset is shaped by supply and demand, and traders make their decisions based on their ratio. A list of buy and sell orders for a specific security or currency arranged according to a price level is known…

On Wednesday, August 7th, the Japanese yen experienced a decline, reaching a daily low of 147.88 against the US dollar. This movement followed comments from Shinichi Uchida, Deputy Governor of the Bank of Japan (BOJ), who emphasized the need to maintain the current level of accommodative monetary policy due to significant volatility in domestic and…

Event to watch out for today: 15:30 GMT+3. USD – Unemployment Claims USDJPY: The Japanese Yen (JPY) continues to lose ground against the US Dollar (USD) on Thursday after correcting intraday gains. This decline can be attributed to comments from Bank of Japan (BoJ) Deputy Governor Shinichi Uchida, who said on Wednesday: “We will not…

On Wednesday, gold prices experienced some fluctuations, finding support above 2378 and facing resistance below 2407. This movement suggests that after a short-term dip, gold may be poised for an upward trend. Key Levels to Watch Resistance Levels: Short-term resistance: 2407 Important resistance: 2425 Support Levels: Short-term support: 2374 Significant support: 2353 Potential Scenarios Bullish…

In August, the Japanese yen became one of the most popular instruments in the forex market. Following an unexpected rate hike by the Bank of Japan and weak labour market data from the US, the USD/JPY pair dropped by more than 1000 pips, settling below the psychological level of 150.00. The divergent monetary policies of…