On Wednesday, the spot price successfully rebounded from its daily losses against the USD Index. The pair’s recovery was fueled by comments from Bank of Japan Governor Shinichi, who reassured the markets that the central bank would not raise...
The Bitcoin market found some support after bouncing back from the $56,000 level in early trading on Wednesday. However, it is important to note that there is significant resistance around $57,500. If Bitcoin manages to break this level, it could...
In the North American trading session on Wednesday, the currency pair found itself trapped in a narrow range below the key support level of 1.1001. This consolidation reflects market uncertainty as investors await further guidance on potential...
Fundamental Analysis Following the publication of US inflation statistics on Wednesday, the price of Gold (XAU/USD) approaches the upper end of its range before dropping down to $2,500. In August, the US Consumer Price Index (CPI) increased by 2.5%...
Forex trading, known for its high potential returns, also carries significant risks. The volatility of currency markets, influenced by various economic, political, and market-specific factors, requires traders to manage their risks effectively....