The British Pound (GBP) continues to hold strong, bolstered by the Bank of England’s (BoE) decision to maintain interest rates at current levels and reduce its stock of government bonds by another £100 billion over the next 12 months. This steady...
The AUD/USD pair exhibited a bullish tone for the second consecutive day on Friday, driven by a combination of domestic strength in Australia’s labor market and global risk sentiment shifts. After bouncing off the mid-0.6600s—a one-month low—the...
The pair remained steady near 1.3815 during early US trading on Friday, with traders showing a cautious stance as they awaited key economic reports. The Index continued its slide toward the critical support level of 103.80. As investors awaited the...
A 200 pip target in long-term forex trading refers to a profit target of 200 pips (percentage in pips) over a longer time frame, usually ranging from a few days to weeks or even months, depending on market conditions and trading strategy. You can...
The market began this week with a sense of calm, as the EUR/USD pair was trading close to its daily low of 0.965. This low trading activity indicates the cautious sentiment among traders as they assess the market conditions and look for more...