Certain scheduled economic events and reports occur on a monthly basis and can significantly impact forex market prices. We should look our for them and trade very carefully during these times. 1. Non-Farm Payrolls (NFP) - USA Timing: First Friday...
The Federal Reserve's expected 25 basis point rate cut at the FOMC meeting led to a sell-off in the gold market, causing the price to fall sharply. Although it briefly dipped below the psychological level of $2,600, the price was able to recover...
The CHFSGD currency pair has been rallying for the past four days, after failing to continue its decline towards a nearby demand area. The price has bounced back from a new demand area on the daily time frame, ranging from 1.5115 to 1.5040. This...
Bitcoin’s Bullish Momentum: Will It Hit $102,000 or Retreat to $90,000? Bitcoin has exhibited remarkable bullish momentum, creating significant opportunities for traders. Yesterday, Bitcoin surged from the $96,300 level and tested $99,500,...
GBP/USD Market Analysis Current Market Status This morning, I am analyzing the GBP/USD market, which is currently trading at 1.2565. There is significant weakness in the price movement, indicating that sellers are still dominating the market and...
