On Monday morning, the U.S. dollar continued its downward trend against the Japanese yen and is now perilously close to the 140-yen level. The important question is whether the market is oversold. While this may appear to be the case, this decline...
EUR/USD jumps to near 1.1000 as the US Dollar plunges on fears of US economic slowdown. Upbeat US ISM Services PMI offer support to the US Dollar. Stubborn Eurozone inflation has diminished market expectation for ECB subsequent rate cuts. The...
This morning, the EUR/USD market opened at 1.0915 and has since climbed to 1.0927. The recent rally indicates a robust bullish trend, supported by a significant price increase from last week. The candlestick patterns continue to show upward...
GBP/NZD - A Bullish Structure Trading Opportunity: The daily bias of the market is bullish. Yesterday, the market opened at the 2.1394 level. During yesterday's trading session, it reached a high of 2.1484 and a low of 2.1347. So, yesterday's...
The moment we had waited for this year arrived last week. At the FOMC meeting on July 31, Fed Chair Jerome Powell reckoned an interest rate cut was ‘on the table’ in September.” “In the previous meeting on June 12, Powell said the Fed was ready to...