In Forex trading, a flat wave refers to a corrective wave pattern found in Elliott wave theory. It usually occurs during a sideways market movement and is classified as a corrective wave rather than a trend wave. A flat wave consists of three...
Today the EUR/GBP pair is experiencing some volatility following the result of UK GDP data , which came in 0.2% growth. This has put pressure on the British Pound, allowing the Euro to rally slightly. However, the overall outlook for the pair is...
The price has recently recouped some of its losses, currently trading around 1.1070 and ending a three-day losing streak during Friday's early session in Australia. However, the scope for substantial gains seems constrained as traders remain...
Hot Forecast for EUR/USD on September 12, 2024 The slowdown in inflation in the United States turned out to be more significant than even the most optimistic forecasts, yet the situation in the currency market remained unchanged. Almost immediately...
GBP/USD Greetings and Good Morning to Everyone! A reduction in the US unemployment rate from 230K to 227K couldn't bring high volatility in the GBP/USD market today. Despite the positive shift in employment data, the impact on the currency pair has...