General points about EURUSD: We observed that apart from the French and German Flash data released earlier this week, the ECB's Monetary Policy did not provide much support for the Euro. Despite these key economic indicators, the Euro failed to gain...
The Fiber began the week with another disappointing decline, failing to extend a recent attempt to break the 1.0475 level and instead slipping back to the 1.0500 region. On Wednesday, the pair shed, reflecting growing pressure on the pair. Despite...
Decoding Forex Pair: AUD/ USD We will discuss the price action analysis of the AUD/ USD currency pair in detail. The general trend direction is downward, and in addition, in the previous post, I said that if the diagonal triangle is broken upward,...
Strong US NFPs suggest another rate cut in December After the release of US nonfarm payrolls, all eyes are always on the Federal Reserve’s policy moves. According to the US Bureau of Labor Statistics, the number of jobs significantly increased in...
Silent Points about GBPUSD: Today's release of the UK CPI Rate has provided some strength to the market, boosting the outlook for the British pound. Better-than-expected data from the Flash Manufacturing Index has also contributed to positive...
