The foreign exchange market is buzzing with anticipation today as two pivotal central bank events could significantly impact the EUR/JPY pair. Traders are closely monitoring the European Central Bank (ECB) President's speech and the Bank of Japan's...
GBP/USD ANALYSIS 08 JULY 2024 In last week's trading, the GBPUSD currency pair moved bullish until the market closed last week, and is currently trading at a price of 1.2805 or higher than the opening price the previous day, the position of the...
WTI oil futures are facing headwinds after climbing to a two-month high earlier in the week. Prices dipped to around $82.20 in Asia on Monday as concerns about a potential storm disrupting US energy supplies weighed on the market. Tropical Storm...
On Monday, the NZD/USD pair continued to decline, breaking through its lowest support level at 0.6056 during a candle drop. However, it started to recover when it reached 0.6044. The rise was attributed to the inability of the candle to breach the...
Analyzing the USD/JPY pair through Fibonacci numbers provides a structured approach to technical analysis. In yesterday's trade, the Fibonacci network I established, anchored to the daily high, revealed significant levels: the Fibonacci range from...