From a technical perspective, the EUR/USD has been trading within a descending pitchfork formation extending from the September 2024 highs. The pair recently rebounded off the lower parallel of this formation, with initial support identified at the...
Market Fundamentals: The Bank of Japan (BoJ) Governor Kazuo Ueda recently emphasized that any adjustments to monetary policy will depend on economic, price, and financial conditions. He hinted that the BoJ might not wait for external risks to...
EUR/USD Market Outlook Greetings and Good Morning to everyone! Unfortunately, the market of EURUSDD dropped sharply down and reached at 1.0442 zone yesterday. Today, I expect the buyers to return and cross the resistance zone of 1.0500 later. Also,...
GBP/USD Market Outlook Greetings and Good Morning guys! Yesterday was very helpful for the sellers of GBP/USD. They had crossed the 1.2422 zone successfully. Today, we can open a buy order with a short target of 1.2478 ahead. Overall, traders...
Market Fundamentals: The Australian economy is projected to have grown by 1.1% annually, with GDP figures playing a pivotal role in shaping the trajectory of the Australian Dollar (AUD). As a key economic indicator, the GDP data highlights the...
