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…
Pound Sterling slides below 1.3100 after strong US job data The Pound Sterling (GBP) slides below the round-level support of 1.3100 against the US Dollar (USD) in Friday’s New York session. The GBP/USD pair extends its losing spree for the fourth trading session as market expectations for the Federal Reserve (Fed) to reduce interest rates…
– A survey conducted in the US by Harris Poll, with financial support from Grayscale, revealed that over 56% of voters are more likely to vote for a presidential candidate who supports the crypto industry. According to the survey results, almost 40% of voters now pay attention to a candidate’s stance on digital assets (in…
The brokerage company NordFX has summarised the trading performance of its clients for September 2024. Additionally, the social trading services and the profits earned by the company’s IB partners were evaluated. ● The highest profit in the first month of autumn was earned by a client from Southeast Asia, account No. 1509XXX. Using the…
The GBP/USD has encountered a strong barrier in its upward trajectory, which can be seen as price activity could not break through the 1.3400 threshold. Meanwhile, the general market anticipates an array of fundamentals that may excite the USD, further dictating price direction in this market. Key Price Levels:Resistance Levels: 1.3400, 1.3600, 1.3800Support Levels: 1.3200,…
Forex Trading: You Can Teach an Old Dog New Tricks – Forex Forum September 30, 2024 /Posted byGVI Forex / 591 / Source link
Forex Technical Outlook from the Savvy Trader – Forex Forum September 29, 2024 /Posted byGVI Forex / 1066 / Source link
EUR/USD: Midpoint of the ‘Dull Period’ ● n the next part of the review, we will discuss how one crypto analyst used the term “dull period” in relation to the BTC/USD chart. The EUR/USD chart looks even more uneventful. While from 20 August until today, the pair fluctuated within the 1.1000-1.1200 range, last week it…
Forex Trading: A Constant Search for Equilibrium – Forex Forum September 26, 2024 /Posted byGVI Forex / 585 / Source link
What is Forex? – Forex Forum September 25, 2024 /Posted byGVI Forex / 164 / Source link