The EUR/USD currency pair kicked off the new trading week on a weak note, falling below the 1.0600 level and settling around 1.0500. This decline was primarily driven by a stronger US dollar, fueled by positive US economic data and a less dovish...
If we look at the chart image above, Buyer pressure (length of green candle) slowly increases the price without being able to be countered by seller pressure (length of red candle) and forms a Higher low. This indicates that Buyers still dominate...
The Cable has been showing signs of stability after bouncing off a two-month low. During the Asian session on Monday, the pair attracted follow-through buying, rising from the 1.2620 region to trade around 1.2653, reflecting a modest 0.11% gain for...
GBP/USD backslid below the 1.2700 handle on Monday, kicking off the new trading week by snapping a three-day winning streak and keeping Cable on the low side of the 200-day Exponential Moving Average Despite the decline seen at the beginning of the...
The performance of the Australian Dollar (AUD) against the US Dollar (USD) is shaped by a variety of global economic and geopolitical factors. Recent developments in both the US economy and the Middle East are playing crucial roles in influencing...
