On Wednesday, the dollar declined as did US Treasury yields over fears that the economy could dip into recession. This was after Jerome Powell, the US Federal Reserve chairman, said that high-interest…
Category: Forex
DeFi Protocol Abracadabra’s Stablecoin Dips to $0.91
Last weekend resulted in carnage in the crypto market, which included another stablecoin dipping below its $1 peg on June 18th, Saturday. The crypto asset known as Magic Internet Money (MIM) saw…
Swiss National Bank Will Leave Rates in June, Increase in September
On Thursday, the Swiss National Bank is scheduled for its policy meeting and there has been a great deal of speculation about what it is going to do in terms of interest…
Pfizer Planning on Selling Stake in GSK’s Consumer Health Stake
On Wednesday, GSK announced that the consumer health venture named Haleon, which it had set up with Pfizer,will be listed as an independent company next month. Now, Pfizer is going to sell…
Microsoft Cuts Forecast and Warns of Forex Hit
On Thursday, Microsoft cut back its forecast of both profit and revenue for the fourth quarter. This makes it the latest company in the United States to warn of consequences that could…
GBP/USD Prediction as Sterling Plunges Beneath Vital Support Floor
Briefly – GBP/USD declined following weak borrowing data by the United Kingdom. Mortgage and consumer lending saw a sharp drop in April. Investors should now watch U.S consumer confidence data. The British…
What is Forex and Forex Trading?
Traders should understand what is forex before learning how to engage in forex trading. Forex is short for foreign exchange, which is the global marketplace in which traders can purchase, sell and…
EUR/GBP Price Forecast – Is the Bearish Regime Over?
Briefly – EUR/GBP rebounded from its lows. ECB to end negative interest rates An inverse head & shoulders setup suggests more upside. The British pound (GBP) gained against the euro since the…
USD/CHF Prediction Amid Swiss Franc’s Accelerated Sell-off
USD/CHF witnesses a massive bullish trend. The pair explores the highest mark since 2019. The SNB and Fed divergence contributed to the performance. The Swiss franc extended its relentless crash on Monday….
Will Japanese Yen Extend Plummets in May? USD/JPY Forecast
The USD/JPY maintained continuous uptrends over the previous ten consecutive weeks. The BOJ revealed a highly dovish stance. The pair dipped into an extremely overbought region. The USD/JPY maintained its bullish outlook…
What Next for USD/JPY As it Explores 20-Year Highs
USD/JPY touches 20-year highs. Elliott Waves shows the rally might stall soon. USD/JPY sees an impulsive setup The Japanese yen’s collapse remains the dominant FX market story this year. Meanwhile, all JPY…
What Next for U.S Dollar Index (DXY)? – 12 April Forecast
The U.S dollar index has seen massive bullish trends. The index surged as the U.S bond market rout extended. The market expects a more hawkish stance by Fed in the upcoming months….
Nordstrom Stock (JWN) Gains 37% Today: Where to Purchase the Stock?
Nordstrom stock surged 37.82% today. It currently trades at $26.93. Here’s a guide on how you can purchase JWN stock. Nordstrom stock (JWN) surged 37% after the firm announced positive earnings. The…
Should You Sell or Buy AUD/USD Following RBA Interest Rate Verdict?
AUD/USD price wavered following the latest decision by RBA. The bank did not tamper with interest rates at 0.10%. The pair might extend its bullish strength to 0.7400. AUD/USD saw sideways actions…
