The EUR/USD currency pair extended its downward trend for the fourth consecutive day on Wednesday, dropping to the 1.0500 level. This decline was primarily influenced by uncertainty surrounding the European Central Bank's (ECB) latest interest rate...
The approaching European Central Bank (ECB) meeting is set to significantly influence the EUR/USD trading pair, adding a layer of complexity to the market. The ECB is anticipated to announce a 25 basis point reduction in interest rates, lowering the...
USD/CHF Technical Analysis: Today, USD/CHF is trading around 0.8920, and it feels like the pair is in a bit of a consolidation phase after some recent ups and downs. I've noticed strong support at 0.8900, which has been holding well so far. If it...
The GBP/USD currency pair experienced a significant decline on Wednesday, settling around the 1.2750 level. This downward movement was primarily triggered by the release of the US November Consumer Price Index (CPI) data, which largely aligned with...
AUD/USD Technical Analysis: At the moment, AUD/USD is trading close to 0.6400, showing a bearish trend below the 50-day moving average. I see strong support at 0.6370, and if this level breaks, the pair could slide further toward 0.6300. On the...
