Tag: Foreign exchange market updates

GBPUSD saw a turnaround from the support level of 1.2500 and is likely to move up towards the resistance level of 1.2720. The currency pair has been on an upward trend after bouncing back...

The EUR/USD pair saw a decline from 1.1213 to 1.0681 last week, but it has since rebounded. The outlook for this week remains uncertain, with the possibility of further consolidations. However, the overall trend...

Foreign exchange trading can be risky, especially with the use of leverage which can expose you to more losses. Before jumping into forex trading, make sure to assess your investment goals, experience level, and...

The final consumer sentiment in the US for October came in at 70.5, beating expectations of 69.0. This positive news was accompanied by the US September durable goods orders, which were slightly lower than...

The Dollar continued to dominate as the strongest currency for another week, supported by expectations of gradual rate cuts by the Fed. The recent rate cut from the ECB also gave the greenback a...

The EUR/USD pair experienced a drop from 1.1213 to 1.0899 last week before finding some support around the 1.0920 mark. This led to a neutral stance for the upcoming week, with a possibility of...

US Second Quarter GDP Upgrade Drives USD GainsThe latest economic data coming out of the United States has brought some mixed signals for the markets. The second estimate for the US second-quarter GDP came...