Tag: Forex trading strategies

The dollar index recently saw a correction following four weeks of consecutive gains. This is a common occurrence when national currencies and bond markets face pressure ahead of important elections. While the dollar is...

Big Tech investors were pleased on Tuesday as Alphabet, Google's parent company, reported better-than-expected results. The company saw a 15% increase in revenue compared to the same time last year, with ad revenue surpassing...

GBPUSD recently lost momentum as it approached the uptrend line, signaling a potential shift in the market. Although the pair broke the long-term ascending trendline, it is currently trading within a narrow range after...

Foreign exchange trading is a risky venture that may not be suitable for all investors. It is important to understand the risks involved, especially when leverage is used, as it can increase the potential...

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 EUR/USD pair experienced a decline last week, falling from 1.1213 to 1.0760 before showing signs of a temporary recovery. As we look ahead to this week, the initial bias is neutral, suggesting a...

The Dollar emerged as the clear winner in the currency markets last week, with both the Dollar Index and the 10-year US Treasury Yield breaking through significant resistance levels. This surge in the Dollar...

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...

At a recent event, Catherine Mann, a member of the Bank of England's Monetary Policy Committee, discussed the challenges surrounding services inflation. According to Mann, services inflation still has a long way to go...

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...