Technical Analysis of GBP/JPY The GBP/JPY currency pair, often nicknamed the "Dragon" due to its volatility, is a favorite among forex traders looking for larger price swings. Influenced by both the British pound’s reaction to economic events in...
Following a robust Jobs report for October, market participants have dialed back their predictions of a significant 50 basis points (bps) rate cut in November. This upbeat employment data alleviated concerns about economic growth and consumer...
Recent positive data on U.S. Durable Goods Orders and weekly Initial Jobless Claims have solidified the Federal Reserve's confidence, as both indicators exceeded expectations. While Durable Goods Orders remained flat at 0.0% month-on-month—falling...
The Role of Psychology in Forex Trading Success Forex trading is more than just a technical and analytical skill; it’s also deeply psychological. Many traders, especially beginners, underestimate the impact that psychology has on their success or...
Currently, EUR/USD is trading near 1.0800, showing signs of consolidation within a narrow range. With recent economic releases and market sentiment affecting both the Euro and the US Dollar, this analysis will focus on key support and resistance...
