Tag: Analysis

Here is the latest Eco Data Update for October 7, 2024, providing actionable insights for Forex traders. Let's take a look at the key events and data releases for today: - 00:00 GMT: In Australia,...

Last week, GBP/USD broke below the 1.3265 support level, indicating a short-term peak at 1.3433. This week, the initial bias suggests a downward trend towards the 1.3000 cluster support level, which represents a 38.2%...

The USD/JPY pair has shown a strong rebound and broken through the 38.2% retracement level from 161.94 to 139.57 at 148.11. This indicates that the fall from 161.94 may have already come to an...

EUR/USD has been on a downward trend recently, with a strong break of the 55-day EMA at 1.1031 indicating a reversal in the near term. This suggests that the currency pair may experience further...

The USD/CHF pair saw a rebound from 0.8374 last week, breaking through the 0.8548 resistance level. This upward momentum is expected to continue this week, with the initial bias favoring the upside towards the...

This week, there are several key events and data releases that will impact the forex market. Here's a rundown of what to expect: On Tuesday, Switzerland will release the KOF economic barometer, and the U.S....

Bharat Electronics Ltd., a Navratna defence PSU, saw a significant increase in its net profit for the first quarter of the financial year. The company reported a 46% year-on-year growth in net profit, reaching...

UBS has reiterated its sell rating on Tesla, citing concerns about the impact of AI optionality. The firm believes that Tesla's current valuation does not fully account for the potential risks associated with the...

The GBP/USD pair saw a decline from 1.3433 last week, dropping to 1.2842 before bouncing back. The outlook for this week is uncertain, with a neutral bias for potential consolidations initially. However, a further...

The USD/JPY pair saw a slight increase to 153.87 last week, but it wasn't able to hold above the 61.8% retracement level of 161.94 to 139.57 at 153.39, leading to a retreat. This week,...