The Euro (EUR) is likely to trade in a range between 1.1085 and 1.1155. Solid momentum indicates further EUR strength; it remains to be seen if the 2023 high of 1.1275 is within reach, UOB Group FX strategists Quek Ser Leang and Peter Chia note. Momentum may take EUR/USD above 1.1155 24-HOUR VIEW: “We expected…
Are Forex Brokers to Blame for Traders Losing Money? Skeptic say that retail trader will always lose money when we trade via a forex broker market maker. How true is that? Before I begin, I need to make it clear that I am not here to defend forex brokers, including those who act as…
Arbitrum Price Forecast: August 22 The ARBUSD price is gathering momentum and could rise from the support level soon if the bullish pressure is triggered. The coin price could be ready very soon for another upward wave if the forces from buyers increase and the current support level at $0.533 remains unmoved. Attaining this, a…
The market had looked to the FOMC Minutes for clarity on the US dollar’s trajectory. However, the release provided little support, leaving the greenback struggling. Additionally, the US Dollar Index has fallen to a multi-month low, reaching levels not seen since 2023. This downward momentum has continued to weigh on USDCAD, pushing the pair into…
Tamadoge Price Prediction – August 21 As it has been demonstrated; buying and selling position orders in the TAMA/USD market have continued to feature in variant sizes that are characterized by ranges, making the crypto-economic price wags about, conjecturing spiral signals. Due to the protracted delays in the way the market moves around $0.002, there…
If I Was in Fed Chair Powell’s Shoes… If I was in Fed Chair Powell’s shoes, I would pat myself on the back and just look to confirm what economists are forecasting, which is for 75bps of rate cuts this year. Even if I wanted to cut rates by 50bps at the September…
Lucky Block Price Prediction – August 20 The LBLOCKUSD market looks promising today as it remains positive and suggests a buy signal for interested traders. The token is at the possible buy opportunity, as it rises above the moving average, indicating a high and increasing investor activity. However, the price could still go higher if…
The GBPUSD pair has continued its upward trajectory. Considering the magnitude of gains that bullish traders are still commanding, this market exhibits a strong bullish characteristic. Applied technical indicators are still largely in support of a continued upside move. A more detailed examination of the market is provided below. Key Price Levels:Resistance Levels: 1.3000, 1.3100,…
The Latest USDJPY Update From the Savvy Trader This is the latest update from a long time, highly respected Global-View member who called the top at USDJPY 162. I thus nicknamed him the savvy trader who has been kind enough to share his latest view and strategy. A USDJPY Update From the Savvy…
Ethereum’s price on August 19, 2024, stands at $2,582, with a 24-hour intraday range of $2,572 to $2,681. The cryptocurrency recorded a trading volume of $9.5 billion, contributing to a market capitalization of $310 billion. Despite these figures, ethereum’s technical indicators reveal a bearish outlook, signaling caution for traders. Ethereum Ethereum’s daily chart paints a…