How Inflation Affects Currency Value: A Crucial Insight for Forex Traders In the world of Forex trading, inflation is more than just an economic buzzword — it's a critical factor that can significantly influence currency value. Understanding how...
AUD/USD This morning, I’m seeing AUD/USD holding near the 0.6410 mark after last week’s modest rebound. Price action still looks cautious, and I get the sense that bulls are lacking follow-through despite a slightly weaker U.S. dollar. Technical...
The initial feelings in the market for USDCAD might assist the buyers in recovering their losses from recent days. Therefore, these buyers may enter the market aiming for a target near the 1. 3877 support level. Additionally, the strong activity in...
The currency pair appears to be forming a bearish Broadening Formation pattern; however, recent technical developments suggest that bulls may still have the upper hand in the near term. The pair broke above the 20-day Simple Moving Average (SMA) and...
EUR/USD Today, I am seeing EUR/USD consolidating just above the 1.0660 mark, with the price action still looking indecisive after last week’s swings. The pair hasn’t committed to a clear direction, and I’m watching closely for any signs of...
