Tag: Forex Market Analysis

Weekly Forex Market Summary: December 23rd - December 27th The past week in the foreign exchange market was filled with notable events and announcements that impacted various currencies worldwide. Let's delve into a detailed breakdown...

EURJPY Price Analysis: Key Support Broken as Pair Falls Below 38.2% Fibonacci - Action Forex In a significant turn of events in the financial markets, the EURJPY pair has broken key support levels, causing a...

Canada - BoC Cuts Rates, Signals Uncertainty In a bold move this week, the Bank of Canada (BoC) lowered its policy rate by 50 basis points to 3.25%. This marks the second consecutive significant cut,...

Weekly Forex Market Summary: December 9th - December 13th In the fast-paced world of forex trading, staying updated on market events is crucial for making informed decisions. Let's dive into the weekly summary of key...

GBP/USD Rebounds, Eyes Resistance at 55 D EMA In a significant turn of events today, the GBP/USD pair has broken through the crucial 1.2749 resistance level, reigniting the rebound from the recent low of 1.2486....

Forex Market Update: Dollar Steadies, Sterling Surges on BoE's Easing Measures The financial world is abuzz with the latest developments in the forex market, where the dollar's performance is mixed as traders navigate through the...

EUR/USD is currently trading within the range of 1.0330 to 1.0609. The short-term bias is neutral with a preference for further decline. A break below 1.0330 would signal a continuation of the downtrend from...

EURJPY has been experiencing a downward trend for the fourth consecutive week, showing signs of bearish control. After reaching the 159.00 level on Wednesday, the currency pair retraced more than half of its September-October...

The EUR/USD mid-day analysis shows that the intraday bias remains neutral and the outlook is unchanged. While there may be more consolidations above the temporary low of 1.0330, a further decline is expected as...

The recent appointment of Scott Bessent as the US Treasury Secretary has had a significant impact on the bond market. Bessent has proposed a plan to reduce the government deficit to 3% of GDP,...