EUR/USD As of today, EUR/USD remains under pressure, trading near a two-year low. The recent drop is largely driven by the U.S. dollar’s strength, following President Trump’s announcement of new 25% tariffs on all steel and aluminium imports. This...
GBP/USD: What’s Happening Right Now(February 10,2025)? Bank of England Cuts Rates The British pound took a hit recently after the Bank of England announced a rate cut, lowering interest rates from 4.75% to 4.5%. This move, aimed at boosting the UK...
USD/JPY: Market Action Heating Up(February 10,2025) Big Moves in the Currency Market The U.S. dollar and Japanese yen have been locked in an intense battle, with USD/JPY hovering around 152.00 as of today. Traders are weighing shifting policies and...
Hammer Candlestick Chart Pattern The Hammer Candlestick Pattern is a key technical analysis pattern used in stock, forex, and cryptocurrency trading. It signals a potential reversal from a downtrend to an uptrend and is classified as a bullish...
The EUR/GBP currency pair is currently exhibiting a downward trend, as evidenced by decreasing significant extremes and the price trading below the 120-period moving average, indicating stronger selling pressure. The zigzag indicator further...
