Analysis chart EUR /USD but the Fed meeting and rate decision are next week. Therefore, the Fed will have to rely on current data. Today, data on the producer price index will be released. Yesterday, traders failed to squeeze anything out of the...
I began my analysis of USD/CAD this morning by focusing on the hourly timeframe, where I observed a prolonged consolidation phase. I noted that the price tested the 200-period moving average (MA) from below, which initially led me to anticipate a...
Top Ten Forex Trading Strategies for Consistent Profitability In the world of forex trading, strategies play a crucial role in determining success. Traders who adopt well-defined strategies are better equipped to manage risks, spot opportunities,...
Several ECB officials remain comfortable with the outlook for three additional rate cuts this year, following a 25 basis point reduction to 2.75% last month. ECB policymaker Fabio Panetta highlighted that economic weakness in the Eurozone is proving...
EURGBP TECHNIAL OUTLOOK The EURGBP pair is currently trading at 0.82260, hovering above a crucial support level at 0.82050. The overall major trend remains bullish, reflecting the longer-term market sentiment. However, the minor trend is currently...
