Tag: Market analysis

Bitcoin price forecast: JP Morgan predicts an 8-week rally due to the 'Trump Trade'According to JP Morgan, the price of Bitcoin is expected to experience an 8-week rally due to the 'Trump Trade'. This...

The Federal Reserve's hawkish stance is something that forex traders need to keep an eye on. The FOMC statement is about to be released, and all eyes are on Fed Chairman Jerome Powell's press...

The USDCAD had a downward movement and tested the support level at 1.3813 towards the end of the trading day, hitting a low of 1.3817 before slowing down. Thanks to early successes from the...

The ISM Services index surprised analysts by rising to 56.0 in October, exceeding the expected pullback to 53.8. This marks the highest level since July 2022. The employment sub-index also saw a significant increase...

The EUR/USD pair is showing a slightly upward bias during the day as it continues to rebound from the short-term bottom of 1.0760. However, there is expected to be strong resistance around the 55-day...

European equities showed little movement at the market open today, indicating a sense of stagnation in the market. Investors are advised to proceed with caution as trading in foreign exchange carries a high level...

Credit Agricole is predicting that the Reserve Bank of Australia (RBA) will keep interest rates steady during the upcoming meeting. This decision is based on the fact that Australian inflation and economic activity data...

Sunset Market Analysis: Understanding Forex Trading TrendsIn the ever-changing world of trading, central banks play a crucial role in determining market trends. With a strong focus on data, each economic figure has the potential...

The EUR/USD pair experienced a notable fall recently after being rejected by the 55 4-hour Exponential Moving Average (EMA) at 1.0832. Despite this, it managed to stay above the temporary low of 1.0760. At...

Upcoming Economic Events to Watch This WeekThis week is packed with important economic events that could have a significant impact on the global markets. Here's a breakdown of the key events to watch out...