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EUR/USD rallied around 200 pips after rebounding from lows. A triangle setup shows an upcoming reversal. The parity zone is crucial for detecting a bottom since the market would breach the triangle’s b-d trend line. EUR-USD rebounds from its lows as we end the month and trading week. The currency surged double-digits yesterday, rallying by … Read more
The UK recently shared a plan of lifting the country’s economy out of inflation but rather than bring calm, it has created a deeper selloff in the market. There are now higher concerns in the UK that the government’s plan could lead straight to a recession. UK Plan Hit Stocks Stock trading charts were in … Read more
EUR-GBP remains well bid as markets await today’s ECB rate decision. An inverse head & shoulders suggest 0.92 in the coming times. The Europe Central Bank might surprise investors with a hawkish commentary. Europe and the Euro’s bearish sentiment dominated this year’s subject in the Forex market. That came due to the Ukraine war … Read more
Japan Financial Bureau has placed a strict regulatory measure on a tech company, Revolut Inc. Revolut technology, a subsidiary of the United Kingdom-based Fintech, was accessed by the Bureau, accused of operating without significant growth or improvement. Japan Financial Bureau Order Improvement for Revolut According to Financial Magnate, the regulatory framework was issued on the 2nd … Read more
Briefly – Soaring energy prices threaten most businesses in Europe as winter nears Higher inflation leads to plunging consumer confidence The common currency sees pressure as rate hikes by ECB has little impact The worldwide energy prices deteriorate the global population and economies. Meantime, Europe appears more vulnerable. European face the harsh reality of plunging … Read more
EUR/USD plunged to a 2-decade low over the week, exploring the 0.99 lows. Higher energy costs weaken the common currency. Any rebound could be a bear rally unless the market reclaims the 1.05 mark. The USD remained elevated against the euro, with the EUR-USD exchange rate plummeting to 2-decade lows. The pair explored the lows … Read more
Briefly USD/CAD price rose ahead of upcoming Canada inflation stats. Financial experts expect the nation’s inflation declines in July. USD/CAD will next react to upcoming FOMC minutes. The USD-CAD price climbed to the highest market since 8 August. The surge comes as markets await the upcoming Canada consumer inflation numbers and FOMC minutes. The pair … Read more
USD/ZAR price plunged to its lowest mark since 29 June. The U.S announced weak producer and consumer inflation data. South Africa’s production declined steeply in June. USD/ZAR price plummeted to the lowest mark since 29 June as market players concentrated on the weak U.S consumer inflation numbers. The pair plunged towards the 16.12 lows, nearly … Read more
The GBP/USD exchange rate remained within constricted ranges yesterday as the pair failed to maintain beyond 1.2100 before settling near 1.2085 today (Wednesday). Sterling drifted lower, whereas the GBP-EUR exchange rate dripped to two-week lows beneath 1.1820 before a slight revival to 1.1840. Generally, ranges remained narrow during summer trading as markets waited for the … Read more
USD/TRY extended its bullish bias following the recent Turkish inflation numbers. The headline CPI increased to 70.6%. Producer Price Index (PPI) surged to 144.61% last month. USD/TRY sees its price nearing its ATH amidst surging Turkey inflation. Meanwhile, the Turkish lira dropped to 17.95 against the USD, which is briefly beneath the 18.38 all-time low. … Read more
Briefly – BOJ is about to reveal its financial decision. USD-JPY exhibits bullishness while beyond the 0-2 trend line. Elliot Waves suggests actions towards 147. This week remains a special one for financial market enthusiasts. The ECB (European Central Bank) will meet on Thursday. And that could be the trading week’s highlight, but market players … Read more
Briefly- USD-JPY surged to its highest mark in 24 years. Haruhiko Kuroda of BOJ vowed to remain dovish. The United States consumer inflation stats remain the next crucial catalyst. Monday saw the USD-JPY price increasing to multi-decade highs as the yen extended its slides. While publishing this post, the pair hovered at 136.83, approximately 8.8% … Read more