The Bank of England (BoE) is anticipated to cut interest rates once within its next two meetings, with traders assigning an 80% probability to a 25 basis point (bps) reduction, which would lower the key borrowing rate to 4.75%, according to a...
Market focus has now shifted to upcoming central bank decisions, with awaiting the highly anticipated two-day FOMC meeting and the Bank of Japan’s (BoJ) policy announcement. As a result, market participants may adopt a cautious stance, avoiding...
NZD/USD Technical Analysis: NZD/USD is hovering around 0.6300, showing some bullish momentum on the daily chart. I’ve noticed the pair holding above the 50-day moving average, which suggests buyers are still in control. The RSI is sitting at 58,...
EURUSD Technical Analysis EURUSD is currently in a bearish trend, as seen on the H1 timeframe. The price has recently broken below key support levels and is now attempting a pullback. The moving average and RSI indicators provide further...
On the diurnal time frame map, the price of the EURJPY has been in a bullish trend and above the 26 and 50 EMA lines in the last many trading days. This week, on Monday, during the price decline, the EURJPY crossed these moving average lines to the...
