Tag: Analysis

The Australian dollar to US dollar (AUD/USD) pair continued its decline last week, dropping from 0.6941. The breach of the 0.6621 resistance level indicates a potential bearish reversal in the near term. The initial...

The USD/CHF pair saw a rise from 0.8374 last week, reaching a temporary peak at 0.8685. The initial bias for this week remains neutral. There is an expectation for further increase as long as...

The GBP/USD pair experienced a drop from 1.3433 to 1.2906 last week, but managed to find a temporary low and make a recovery. This week, the initial bias suggests a neutral outlook for consolidations....

The USD/JPY pair saw a rebound from 139.57 to 153.18 last week before experiencing a temporary top and retreating. This week, the initial bias is neutral for consolidations first. However, further rally is likely...

The Eco Data Update for October 24, 2024, provides a snapshot of various economic indicators across different countries. Let's take a closer look at the data:In Australia, the Manufacturing PMI for October came in...

GBPUSD has been on a downward trend for the past four weeks, dropping below the 1.3000 mark and hitting a new low of 1.2943. Technical indicators show that there is still a strong selling...

The latest Eco Data Analysis provides key insights for Forex traders to consider. Here is a breakdown of the recent economic events:1. CAD BoC Interest Rate Decision: - Actual: 3.75% - Forecast: 4.25% The Bank of Canada...

On October 22, 2024, there are several economic data releases to keep an eye on. Let's take a closer look at the forecasts and actual figures for some key events.Starting with New Zealand, the...

Federal Reserve official Neel Kashkari recently made some interesting points during a discussion. He mentioned that inflation is not caused by the labor market, which goes against the common belief. He also highlighted the...

USD/CHF saw a continuation of its rebound last week, with no clear signs of completion yet. The initial bias remains on the upside this week, targeting the 38.2% retracement level of 0.9223 to 0.8374...