Crude oil prices dipped on Wednesday as concerns about weakening demand from China outweighed expectations of a potential rate cut by the Federal Reserve. The benchmark West Texas Intermediate (WTI) crude futures contract traded at $69.70 per...
Technical analysis of EURUSD Today I choose EUR/USD for technical analysis, the market price is rising, and the price has formed an ascending channel. The cost of the market is quite respectful of this channel, so the price goes up. Market prices...
The EUR/JPY currency pair climbed to around 161.40 during the Asian trading session on Wednesday. The Japanese Yen weakened as market participants became increasingly convinced that the Bank of Japan (BOJ) would maintain its current interest rate...
GBP-USD PAIR ANALYSIS Based on the current market situation from the technical side of the GBP-USD market which seems to be trying to run on the Uptrend side, it can be a reference for determining the next trading position. In my opinion, it tends...
EUR/USD consolidates in a tight range near 1.0500, with investors focusing on the Fed’s policy meeting. The Fed is widely expected to cut interest rates by 25 bps but to deliver slightly hawkish remarks on policy guidance. ECB’s Rehn said that...
