Tag: Forex market trends

Breaking News: Eco Data Report Reveals Actionable Insights for Forex TradersIn a recent Eco Data Report released on December 26, 2024, forex traders received critical insights that could impact their trading decisions. The report...

Eco Data Update: December 23, 2024In the fast-paced world of global economics, staying informed is key to making sound decisions. On December 23, 2024, a series of crucial economic events unfolded, impacting various currencies...

Weekly Forex Market Summary: December 23rd - December 27thThe 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...

Canada - BoC Cuts Rates, Signals UncertaintyIn 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,...

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...

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/AUD currency pair has been experiencing a downward trend, with the recent decline from 1.6598 to 1.6161 indicating a bearish bias. The intraday outlook suggests that the pair may continue to fall towards...

The Australian Dollar (AUD) continued to decline against the US Dollar (USD) and tested the 0.6440 support level. However, it managed to bounce back above a bearish trend line with resistance at 0.6480 on...

In the latest Eco Data Report released on 11/11/24, there are some significant events and figures that have impacted Forex trading. Let's take a closer look at the key highlights from the report.Starting with...