From Fibonacci Land
From Fibonacci Land
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From Fibonacci Land
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Indian Rupee edges lower in Wednesday’s early Asian session. MSCI-driven outflows weigh on the INR, but lower crude oil prices and a weaker US Dollar might cap its downside. Traders will closely monitor the FOMC Minutes, which will be released later on Wednesday. The Indian Rupee (INR) weakens on Wednesday. Foreign outflows worth $900 million…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not…
Here is what you need to know on Wednesday, April 16: Following a meager recovery on Tuesday, the US Dollar (USD) comes under renewed selling pressure on Wednesday as markets assess the latest news on trade wars. March Retail Sales and Industrial Production data will be featured in the US economic calendar. Additionally, the Bank…
Zain Vawda Market Analyst Zain is an experienced financial markets analyst and educator with a rich tapestry of experience in the world of retail forex, economics, and market analysis. Initially starting out in a sales and business development role, his passion for economics and technical analysis propelled him towards a career as an analyst. He…
Fundamental analysis is essential for making informed trading decisions in forex. It helps traders understand currency value by analyzing economic conditions, central bank policies, and market events. Without it, forex trading becomes speculative rather than strategic. This approach allows traders to predict price movements based on real-world factors. To use fundamental analysis effectively, traders must…
The Canadian dollar is higher on Friday. In the European session, USD/CAD is trading at 1.4342, up 0.30% on the day. There are no Canadian events today and the US will release manufacturing and services PMIs. Canada’s retail sales jump 1.6% in December The Canadian dollar is in positive territory today after a sparkling retail sales…