The US Dollar is demonstrating remarkable strength, reflecting trader confidence in the potential reelection of former President Donald Trump in the upcoming presidential elections, set to take place in two months. Trump’s campaign pledges to hike...
AUD/USD Technical Analysis: Today, I noticed the AUD/USD pair is consolidating around 0.6450, staying in a tight range. The 200-day SMA near 0.6480 is acting as a strong resistance point, and if the pair manages to break above this, it could test...
EUR/USD EUR/USD outook: As of today, January 10, 2025, the pair is hovering around 1.0308, influenced by the eurozone's economic struggles and the US dollar's resilience. To summarize, the eurozone is facing an economic slowdown, with a...
EUR/USD EUR/USD outlook: The EUR/USD pair, hovering around the 1.0308 mark as of January 10, 2025, presents an interesting situation for forex traders. The eurozone faces a deepening economic slowdown, with key indicators like the composite PMI...
The surface reveals a dominant seller-driven narrative, suggesting an overall bearish sentiment. However, much like an iceberg, a significant part of the market remains hidden beneath the surface. Beneath the visible sell pressure, bargain hunters...