Technical Analysis: EUR/USD EUR/USD rises to near 1.1200 as the Euro gains despite deepening worries over Eurozone economic growth. The ECB is expected to cut interest rates once in any of the remaining two policy meetings this year. The next major...
The Central Bank of China reduces a number of rates as part of a large-scale economic stimulus program The People's Bank of China has announced a package of measures to stimulate the economy. The head of the regulator, Pan Gongsheng, announced a...
Analyzing the USD/CHF Trading Session As we approach the trading session on Monday, my focus remains on the analysis of "descending wedges." There is a possibility that the price may attempt to break out of the smaller wedge formation on Monday. For...
The USD/JPY pair has been experiencing an upward trend since reversing its December 2023 lows on September 16. This positive momentum aligns with the technical analysis principle that "the trend is your friend." However, a recent breakout from an...
The EUR/JPY currency pair is currently trading around the 159.00 level, and the prevailing trend is on the bearish side. Despite the market's relatively slow pace at the moment, there are several factors suggesting that a significant movement could...