Buy Stop and Sell Stop are two types of pending orders in Forex trading that allow traders to enter the market when the price reaches a certain level, but with the expectation that the price will move in the same direction as the trade once it is...
The Euro’s trajectory for the rest of the year will be closely tied to market expectations surrounding the European Central Bank’s (ECB) interest rate decisions. The ECB is anticipated to implement one interest rate cut during its two remaining...
Fundamental Analysis of EUR/USD With its multi-week negative trend in mind, EUR/USD was well on the defensive, approaching the 1.0800 support level. October 21 is when Germany's producer prices are due. On October 24, the flash HCOB Manufacturing...
Technical Analysis of USD/CAD The Canadian dollar declined last trading week, reaching new local lows. The price fluctuated from 1.3616 throughout the week without any significant pullback and has now broken above 1.3793. Thus, the expected uptrend...
The Cable gained strength against its major counterparts following the Bank of England's recent monetary policy announcement. As anticipated, the BoE kept interest rates unchanged at 5%, a decision largely influenced by the higher-than-expected core...