The EUR/USD traded as high as 1.1300 in the early European session, despite fresh USD strength, and recouped some of the previous day’s losses. The pair is trading in a very narrow…
Category: Forex Trading Tools
Weekly USD/JPY Projected: Understanding the Omicron
The frenzy surrounding the new Omicron variant set the tone for this week’s trade. The long-standing, relatively secure reputation of the Japanese Yen led the USD/JPY downward by 2%, the day’s greatest…
Following Mixed UK Statistics, The Pound/Dollar Is Hovering Around 1.3800
GBP/USD fell in the early European day as statistics from the United Kingdom indicated an unanticipated fall in September Retail Sales. The British pound, on the other hand, was able to trim…
EUR/USD To Test 1.15 Barrier As ECB Retains Policy Forbearance
The European Central Bank (ECB) believes that inflationary pressures are temporary and has stated that the next “live” meeting will take place in December. According to economists at Westpac, high inflation figures…
EUR/USD Is Surging To New Daily Peaks Around 1.1620
The Euro maintains its purchasing interest and pushes the EUR/USD back into the 1.1600 area at the start of the week. For the second time in a row, the EUR/USD has gained…
WTI Cost Analysis: Bulls Eye $76.50 Barrier
WTI is making moderate advances, dabbling with the $75 line, as bulls wait for a significant trigger to launch the next bold effort. After receiving positive news about China Evergrande and seeing…
EUR/USD Update: A Comeback Over The August Low Of 1.1664 Is Necessary
The EUR/USD is closing in on the August bottom of 1.1664. According to experts at Société Générale, maintaining this level is critical for the recovery. The EUR/USD is nearing the level of…
Economic Figures And Banking System Talk Spotlight On EUR, GBP, And USD
On the financial schedule, today is a fairly low affair. While today’s statistics are confined to solid and key durable goods orders in the United States, central bank commentary is expected to…
EUR/JPY Reaches New 5-week Low, Targets 128.00
The continuance of purchasing pressure in the dollar adds to the pressure on the volatility complex, dragging the EUR/JPY down to the area around the 128.00 level in the process. On Monday,…
Expectations Around The Markets This Week
The rise in global stock markets meant that the bulls were completely controlling the financial market in the last week. On the US stock market, the Dow Jones, Nasdaq Composite, the S&P…
What is ECN in Forex and how does it work?
Many traders come across the concept of ECN but don’t know what it is and how it works. In this guide, we will give you a complete picture of ECN in Forex…
