Category: Forex Trading Tips and Strategies
Projection For Gold Prices: XAU/USD Likely To Continue Its Decline
The first argument is that the financial system will stiffen globally in the future since it is projected that the Fed will begin raising interest…
USD/JPY Is Consolidating Around 111.00
Coming into the European session, the USD/JPY duo lacked a clear directional bias, oscillating between modest gains and slight losses, and was trading below the…
EUR/USD Price Overview: 1.1500 Breach Possible
Wednesday’s trading session saw the EUR/USD lose even more ground and reach new YTD declines in the 1.1530/25 zone. If the selloff continues to build,…
GBP/USD: Bears Comeback Near 1.3600, PMIs And Conservatives Meeting Anticipated
The GBP/USD remained on the back foot at 1.3590, down 0.13 percent intraday going into Tuesday’s London market open. Because of Brexit issues, as well…
GBP/USD Pares Weekly Deficits, Holding 1.3540
The Pound-to-Dollar exchange rate is on the mend, trading at 1.3547 at the time of posting, having gained more than half a percent during the…
XAU/USD Aims $1,765 And $1,772 On Purchasing Upsurge
As the fourth quarter of 2021 gets underway, the gold price is striving to retain its gains from Thursday. However, the $1750 level remains a…
AUD/USD Set To Fall To Its August Level Of 0.7106
The AUD/USD currency pairing is trading underneath the 0.7200 barrier. The attention turns back to the August low of 0.7106, but the Aussie must maintain…
EUR/USD: Downtrend For 1.1495 Critical Support
The EUR/USD has already broken through resistance at 1.1612/04, which functioned as a support level for the declines that occurred in September and November 2020,…
The Greenback Hits 2021 Peak As Speculators Await Fed Taper
In early trading on Wednesday, the greenback reached its highest level of the year, having risen along with Treasury yields on market concerns that the…
EUR/USD Hovers Over 1.1700 Following German Election And Weaker Greenback
With China, Evergrande concerns diminishing and the US stimulus optimistic, the EUR/USD is holding around 1.1700, a stronger purchase in the face of greenback depreciation,…
