The pair regained some ground on Friday, reversing its earlier losses, while the US Dollar (USD) saw a recovery driven by higher US Treasury yields. Despite this rebound, rising speculation about a potential interest rate cut by the US Federal...
Understanding Trading Strategies: Trading strategies are systematic approaches used by traders to determine when to enter and exit trades, manage risks, and optimize potential profits. They provide a structured framework amidst the chaotic nature of...
EUR/USD Forecast: Strongest Bearish Weekly Closing Opportunity After the release of US economic data, EUR/USD tried to recover this week's losses, driven by GDP growth, weekly initial jobless claims and US durable goods orders, but the gains did not...
The Euro (EUR) struggled to hold onto gains on Friday, hovering around 1.0690 USD in the Asian session. Technical indicators on daily charts paint a bearish picture for the EUR/USD pair. The currency pair is stuck in a descending channel, a pattern...
AUD/ USD currency brace analysis The AUD/ USD currency brace, according to the diurnal( D1) map, is presently trading within a narrow flat zone deposited in the negative zone. The boundaries of this zone are linked at situations0.6665 to0.6695....