Foreign Exchange

EUR/USD picks up Momentum and moves towards 0.9800 during the early hours of today. Also, the United States Jobs for October will probably influence the pair when it is published later today. This report is likely to aid the US dollar against its counterpart Which will then drive the pair before the weekend begins. A […]

GBP/USD has been ranging near 1.1500 after yesterday’s (Tuesday’s) choppy action, while the market was trying to adjust to the Fed’s policy decisions. Also, the larger than anticipated JOLTS job opening data for September, plus the mild upbeat in the ISMs, and the PMI study for last month (October) assisted the USD to recover from […]

EUR/USD was bought and sold near the 0.9920 price level during the opening of this week, following its closing at the 0.9965 price level three days ago (Friday). The money market commenced the week on a poor note during lukewarm Chinese data. Consequently, this indicates more economic regression in October. This can be seen as […]

The new UK government gave a boost to sterling, GBP/USD rallied to the main resistance line on the chart below.  This followed a steep decline when the budget was announced in September.  Markets don’t move in a straight line but they tend to folow the same path.  The path for GBP/USD is down, I believe […]

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Successful traders may differ in their trading strategy, but they do have one thing in common. Pro traders have learned to manage key emotions that affect their results. Here’s how you can do the same. Finding and properly following a proven trading strategy is one of the most important steps to becoming a successful stock […]

GBP/USD is being defensive as it is being bought and sold above the price level of 1.1300. Furthermore, the pair continues making attempts to reach higher footholds. Also, talks about the United Kingdom PM Truss’ tax reduction plan and the return of Kwartang to London puts buyers and sellers on the edge. Additionally, the milder […]

NZD/USD portrays upside down moves during the opening of the European trading period before the United States Inflation. Factoring in the value of last month’s inflation statement, investors will choose to make thoughtful decisions before release of this data. Furthermore, the risk profile has gone silent due to a significant contraction of volatility. At the […]

GBP/USD struggled to climb to a positive area higher than 1.1050 during the European Session today (Today). This happened following the pairs testing the price level of 1.1000 during the session. Also, the short-term perspective of the pair portrays that it may increase its correction if it should to break the 1.1140 ceilings. However, the […]

Gold Continues to Retrace lower price levels for the 4th straight day today (Monday). The downside path stays unaltered through the 1st half of the European trading period. And this pulls the spot price to a week’s depth near the $1,678 area. Anticipations that the Federal Reserve will hold on to its violent tightening policy […]