QUICK MARKET WRAP
QUICK MARKET WRAP The Australian dollar fell after the announcement of the meeting minutes, dropping by about 15 points to a low of around 0.7695. The New Zealand dollar/U.S. dollar fell a few points. Since then, the two have become a little bit apart. US dollar/Canadian dollar and US dollar/Japanese yen. The scope of all […]
QUICK MARKET WRAP
QUICK MARKET WRAP 14th JUNE Major FX traded during a subdued fashion during the opening session to the week here in Asia. USD/JPY tested towards its US (Friday) high above 109.80 but thus far has not carried on higher from there. EUR, CHF, GBP, AUD, NZD, CAD are all little changed from their late Friday […]
Technical Market update 14th June
Technical Market update 14th June EUR/USD Recently the pair broke the support zone of 1.21500. Initial bias is now on the downside within the week for 1.1985 support first. Break there’ll confirm that the consolidation pattern from 1.2348 has started the third leg. A deeper fall would then be seen back to 1.1703 support. On […]
Quick Market Wrap
Quick Market Wrap It’s been a day of small ranges across major forex pairs with a mixed performance against the Dollar. The EURUSD is a few pips higher, As is GBPUSD, while a change has been seen in AUD and NZD so far this session. USDJPY is fewer points lower. Still to come, Bank of […]
Technical update 9th June
Technical update 9th June EUR/USD Currently, the pair is moving towards the support zone of 1.21500 and the next resistance is at 1.23200. The Eurozone and German ZEW economic sentiments data released yesterday indicated a decline in the level from the surveyed investors. Look for buying opportunities of EUR/USD if it bounces up from […]
TECHNICAL OVERVIEW
TECHNICAL OVERVIEW EUR/USD EUR/USD recently broke the level of 1.22. trending upwards. The currency pair is moving towards the support zone of 1.21500 and the next resistance zone is at 1.23200. Look for buying opportunities for the pair if it bounces up the support zone of 1.21500. the previous day, mainly on US Dollar, rebound […]
Quick Perspective for the Day
Quick Perspective for the Day The main highlight will be the Central Bank watch Global yields have dropped along with commodity prices, restraining the trio of Australian, Canadian, and New Zealand Dollars At most a hawkish tone concerning the housing market, the May RBNZ meeting is unlikely to produce any meaningful changes. There is […]
Market update for today
Market update for today EUR/USD The market opening gave a slow start for EURUSD to open below 1.2200, speaking the trend for today. further rise is expected with the 1.2050 support intact. watching the sluggish upside movement, a break of 1.2244 will resume the rise from 1.1703 to retest 1.2348 high. In corresponding scenario, […]
Market analysis for 25th May 2021
Market analysis for 25th May 2021 EUR/USD A bullish trend for the EURUSD pair is expected with an optimal forecast of 1.2279 and with daily volatility of 0.47%. The successive gains in the pair are credited to the downbeat performance of the US dollar. The higher point for the pair was $1.2215 yesterday, giving […]
Currency Pairs Analysis
Currency Pairs Analysis EUR/USD The market opening gave a slow start for EUR/USD to open below 1.2200, speaking the trend for today. further rise is expected with the 1.2050 support intact. watching the sluggish upside movement, the break of 1.2244 will resume the rise from 1.1703 to retest 1.2348 high. In the corresponding scenario, […]
A Busy Economic Calendar Puts the EUR, the Loonie, the Pound, and the U.S Dollar in Focus
A Busy Economic Calendar Puts the EUR, the Loonie, the Pound, and the U.S Dollar in Focus Technical Market Analysis EUR/USD Looking out to the pair, the price has already given the dip of 30 pips as the US dollar strengthened, by the mid of Thursday noon EUR/USD had been pushed up by the SMA […]
The Dollar weakened as Fed Minutes Sign at Narrow Discussion
The Dollar weakened as Fed Minutes Sign at Narrow Discussion The dollar dropped on Thursday morning in Asia as the U.S. Federal Reserve meeting minutes unveiled that policymakers recommended a slowdown of bond purchase due to a sign of hastening inflation. The U.S. Dollar Index traces the greenback against a basket of other currencies […]
Dollar Steadied Against Major Currencies; Bitcoin Tumbled On China’s Verdict
Dollar Steadied Against Major Currencies; Bitcoin Tumbled On China’s Verdict The Dollar Stabilized versus major currencies on Wednesday as traders were waiting for U.S. Federal Reserve minutes, Although bitcoin dropped after China halted its financial institutions from offering services related to cryptocurrency assets. The minutes from the Fed’s most recent meeting is going to […]
Everything you need to know about Stop Loss And its Importance?
Everything you need to know about Stop Loss And its Importance? The spontaneous closing of our trade when the price touches a specific level is Stop loss. Normally, when an order is opened we have the option to enter our stop loss level. There are 2 types, if we place a sales order then […]
Dollar Declined as Investors speculate on the U.S. Interest Rate Staying lower
Dollar Declined as Investors speculate on the U.S. Interest Rate Staying lower The dollar slipped on Tuesday morning in Asia, hitting a six-year low against its Canadian counterpart and hanging close to multi-month lows against European currencies because investors are expecting that up bets the U.S. Federal Reserve would not lift interest rates. The […]
Dollar Higher Over Asian Covid-19 Upsurge Concerns
Dollar Higher Over Asian Covid-19 Upsurge Concerns The Dollar elevated on Monday morning in Asia amid distresses caused by fresh COVID-19 cases in some Asian Countries. Notwithstanding, investors are densely positioning for a drop in the U.S. currency as the U.S. Federal Reserve holds to its current dovish policy. The U.S. dollar index traces […]
Dollar Topple; Inflation Concerns Indicate Substantial Week
Dollar Topple; Inflation Concerns Indicate Substantial Week The Dollar declined in early European trade on Friday after the one-week gain because traders considerably seem to be fine with the latest inflation data that could impact on Federal Reserve Policy. The Dollar Index, which traces the U.S. currency against a basket of six other currencies […]
List of Best Forex Trading Platform 2021
Best Forex Trading Platform 2021 If you are familiar with one of the Best Forex trading platforms that are available in the market then you must have come across MetaTrader 4, MetaTrader 5, and C trader. In this blog Best Forex Trading Platform, we have provided our readers with a healthy comparison between the three […]