The pair remains in positive territory for the fifth consecutive day, trading around 0.6790 in the early session. Despite this resilience, mixed results from Australia’s Judo Bank Purchasing Managers Index (PMI) have failed to provide significant...
On Monday, the pair saw minimal gains, rising only 0.58% for the day. The Pound Sterling's struggle is largely attributed to widespread market expectations of a potential rate cut from the Bank of England (BoE) next week. This modest advance did...
On Tuesday, the spot price is trading over 0.40% lower, continuing its bearish trend reversal from the peak levels reached on July 10. The currency pair, now hovering around 143.96, shows signs that both short-term and potentially medium-term trends...
Profit Potential in EUR/USD Prices In our discussion, we're intently analyzing the current appraisal of the EUR/USD currency pair's pricing behaviour. After reviewing the EUR/USD behaviour on the weekly time frame, I determined it's prudent to...
Hello. For the Euro, as well as for the Pound, there is no particular medium-term correction in sight after yesterday's decline. It looks more like a correction to Friday's impulse, as an option, it could be the 4th wave of the impulse, and if so,...