The EUR/GBP pair has witnessed a significant surge, fueled by speculative activity that swiftly countered the pair's descent to a two-and-a-half-year low of 0.8220 in December. This rapid reversal propelled the pair to 0.8380, marking its most...
USD/CAD Current Market The general trend in the USD/CAD market was bearish, but the market is recovering. The USD/CAD market is currently trading at 1.43036. It had previously attempted to break below the 1.42500 support level, but the price could...
Market Fundamentals: The recent rally in the US Dollar (USD) has driven it to its highest level since November 2023, putting pressure on major currency pairs, particularly the GBP/USD. The release of the latest employment figures from the UK showed...
One of the key advantages of a trading strategy is that it helps mitigate emotional decision-making. Fear and greed are common emotions that can cloud judgment and lead to poor decisions. By sticking to a strategy, traders can avoid the pitfalls of...
Market Fundamentals: China’s central bank decided to keep the one- and five-year Loan Prime Rates (LPRs) unchanged at 3.10% and 3.60%, respectively. This decision has influenced the AUD/USD pair as traders adjust their expectations. On the domestic...
