The Australian Dollar Gains Value as Increased Consumer Prices Reduce Chances of RBA Rate Cuts: Recently, the Australian Dollar (AUD) has gained strength due to rising consumer prices. This rise, known as inflation, is when the cost of goods and...
The EUR/JPY pair is showing signs that it might continue to go down. Recently, the pair has been closing consistently below the 171.20 level, and it even dropped to 170.90. This suggests that the market is still under bearish pressure. The...
The economic landscape significantly impacts foreign exchange (forex) trading, influencing currency values through various macroeconomic factors. Among the most pivotal are interest rates, inflation, and economic growth indicators, which...
GBP/USD Future Trends and Forecasts The foreign exchange market is stuck in neutral today, mirroring the lack of any significant economic data releases. This subdued environment makes it incredibly challenging to find profitable trading...
TRADING UPDATES USD/JPY The USDJPY currency pair shows a strong bullish trend based on the latest technical analysis. One technical indicator that supports this view is the position of the EMA 50 which is above the EMA 100. This condition is...