Tag: Forex market updates

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 AUD/USD pair saw a slight decline to 0.6657 last week before recovering. This week, the initial bias remains neutral for some consolidation. However, there is an expectation of further decline as long as...

EUR/USD saw a decline from 1.1213 last week, but managed to bounce back after reaching 1.0810. The initial bias for this week remains neutral for consolidations. However, the outlook will remain bearish as long...

The recent market analysis showed that the EUR/GBP spiked following the UK inflation numbers. However, despite the GBP weakness, the euro is not strong enough to capitalize on this situation. The UK yields dropped...

The EURGBP pair, also known as the “Chunnel” by traders, is a popular currency pair that reflects the economic relationship between the Eurozone and the United Kingdom. The euro is influenced by economic data...

Last week, GBP/USD showed a decrease in downward momentum, despite a drop from the short-term high of 1.3433. This week, the initial bias remains neutral. The currency pair is expected to find strong support...

Friday saw a boost in the markets after the Canadian September employment change exceeded expectations with an increase of 46.7K jobs. This positive news helped push the S&P 500 up by 0.7% to touch...

The US Dollar saw a strong rally last Friday after a positive US NFP report, leading to a shift in market expectations regarding rate cuts. This week, the greenback continued to rise as the...

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,...

The US dollar made a strong comeback this week due to positive economic data and safe haven flows after tensions in the Middle East. Fed Chair Powell's comments about sticking with quarter-point rate cuts...