On Thursday, the EURUSD retreated to a new weekly low at 1.09000 During this morning’s Asian session, GBUPSD was under pressure from the EMA 50 moving average EURUSD chart analysis On Thursday, the EURUSD retreated to a new weekly low at 1.09000. We stayed down for a short time because the bullish consolidation up…
EUR/USD finds temporary support near 1.0900 as the Euro outperforms its major peers. The Euro gains despite firm ECB dovish bets amid a faster-than-expected decline in Eurozone inflationary pressures. Investors await the US PPI for fresh cues on the Fed’s interest rate outlook. EUR/USD moves slightly higher to near 1.0950 on Friday after a sharp…
Are Forex Broker Client Position Reports Useful or Not? At first glance forex broker client sentiment reports showing net client positions seem like a useful tool. However, when you dig deeper it raises the question whether the data should be taken at face value. While retail is only a small part of the…
– Geoff Kendrick, Head of Crypto Research at Standard Chartered Bank, predicts that if Donald Trump is elected President of the United States, the price of bitcoin could triple by the end of 2025, while Solana could see a fivefold increase. The expert believes that a Trump administration would be more favourable towards the Solana…
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EUR/USD trades firmer near 1.0985 in Tuesday’s early European session. ECB policymakers continue to set the stage for an easier policy stance. Traders push back bets on aggressive Fed rate cuts in the November meeting. The EUR/USD pair extends its recovery to around 1.0985 on Tuesday during the early European trading hours. The major pair…
This Will Change the Way You Look at Trading Let me start out by saying where you place a stop is more important than where you enter a trade. Understand this concept and you are on your way to changing the way you look at trading Let’s see if this turns around the…
Last week, we saw a drop in EURUSD to 1.09514 levels on Friday During this morning’s Asian trading session, GBPUSD encountered resistance at the 1.31350 level EURUSD chart analysis Last week, we saw a drop in EURUSD to 1.09514 levels on Friday. The Euro has been under pressure all week, culminating on Friday. Positive…
Weekly FX Chart Outlook – October 7-11 There is a light economic calendar in the week ahead as traders are left to digest the stronger US September jobs report, which has all but factored out a risk of a 50bps Fed rate cut in November. With no key labor reports due from the…
EUR/USD: Dollar Breaks Through ● For seven weeks, the EUR/USD pair remained in a sideways trend, lacking strong drivers, confined within the 1.1000-1.1200 range, and on Friday, 4th October, it once again approached the lower boundary of this channel. The main factor influencing this movement was the behaviour of the US Dollar Index (DXY). Calculated…