Oil rallies after upbeat US data surprises market : Oil Prices are ticking up this Thursday with headlines coming in out of Iraq while US Gross Domestic Product data came in strong. Iraq's Ministry confirmed that the counrty has exported roughly...
Drawing an equidistant channel in Forex trading involves creating two parallel lines that capture price movement within a trend. A channel consists of a support line (lower boundary) and a resistance line (upper boundary) that are equidistant from...
On Wednesday, the spot price hovered around the 1.1100 level, pausing after recent volatility triggered by a data misprint in the US. The currency pair failed to maintain a bearish push towards 1.1051, leaving market participants with unfulfilled...
The currency pair has been trading within a narrow range above the critical support level of 143.46 during the early US session today. Market participants are closely monitoring upcoming interest rate announcements from both the Bank of Japan and...
The pair is currently under pressure from a strengthening of the dollar as investors brace for upcoming US GDP and Personal Consumption Expenditures (PCE) inflation data. Recent US Purchasing Managers' Index (PMI) data revealed that private-sector...