Megan Greene, a member of the Bank of England’s Monetary Policy Committee, recently emphasized the importance of gradually reducing interest rates as a means to balance economic stability with growth. When discussing inflation, Greene noted that key...
The catalyst behind the USD’s strength is stronger-than-expected US producer inflation data, which raises concerns about persistent inflationary pressures in the economy. While this may influence market sentiment, it is unlikely to shift...
GBP/USD Price Reaction The GBPUSD pair traded on Wednesday was completely under the control of the seller, who managed to secure its resistance area at 1.3040 from the bullish buyer's efforts. The price was under the seller's control, and the seller...
Hello,the GBP/USD pair attracted some buyers during the Asian session on Thursday and moved away from its lowest levels since mid-August, around the 1.2835-1.2830 region touched the previous day. The Relative Strength Index indicator on the 4-hour...
Impact of U.S. Presidential Election Results on Forex Trading 1. Market Sentiment and Volatility U.S. presidential election results significantly influence market sentiment, as forex traders react to the anticipated policies of the incoming...