USD/JPY Technical Analysis: The USD/JPY pair is holding steady around the 149.50 mark, staying just below the key 150.00 resistance level. If the pair breaks above this, we could see a rally towards 150.40 or higher. On the flip side, 149.00 is...
General Points of EURUSD: The G-20 meetings and the speech by the ECB President have not provided any positive momentum for the EURUSD pair. It seems that these events did little to impact the market favorably for the Euro. Currently, we are...
AUD/USD Fundamental Analysis: The AUD/USD pair seems heavily influenced by global risk sentiment and economic data today. Key drivers include: U.S. Data: Later, we’re expecting U.S. initial jobless claims and manufacturing PMI. If the data comes...
The USD/CAD pair has recently consolidated around the 1.3960 level, after a period of upward momentum. While the Canadian Dollar (CAD) has received some support from higher crude oil prices and a potential slowdown in Bank of Canada rate cuts, the...
Why Stop Loss is Mandatory in Forex Trading? In Forex trading, a stop-loss order is a predefined instruction to close a trade automatically when the market price reaches a specific unfavorable level. This tool is not just an option but a necessity...
