GBP/USD Consolidates Around Mid-1.3000s, Vulnerable Amid Strong USD
GBP/USD Consolidates Around Mid-1.3000s, Vulnerable Amid Strong USD The GBP/USD pair struggles to maintain modest recovery gains from the past two days, trading within a narrow range around 1.3050-1.3045 during Monday’s Asian session. Spot prices remain close to last Thursday’s one-month low, signaling potential vulnerability for continued declines from the 1.3435 area, which marked the […]
Surprise BoC Hike Fuels Hawks Around the World
Surprise BoC Hike Fuels Hawks Around the World The surprise 25bp hike from the Bank of Canada (BoC) yesterday sent shockwaves across the financial markets. BoC decision to resume its rate hikes after a two-meeting pause and the surprise 25bp from the Reserve Bank of Australia (RBA) a day earlier fueled the central bank hawks […]
EUR/USD price weakening return to 1.0700 region
EUR/USD price weakening return to 1.0700 region EUR/USD’s price activity shows further weakening and returns to the sub-1.0700 region, opening the entryway simultaneously to an expected visit to the 2020 low in the 1.0630 zone in the near future. The standpoint for the pair actually stays shifted towards the bearish side. Incidental pockets of […]
Xtreamforex Fundamental Analysis
Xtreamforex Fundamental Analysis EURUSD The EUR/USD pair edged higher on the last trading day of the week and moved to three-day tops, around mid-1.1800s during the main portion of the European meeting. The danger without much forethought in the business sectors sabotaged interest for the place of refuge US dollar, which, thus, was viewed as […]
How to Predict a Forex Market Direction with Technical Analysis?
How to Predict a Forex Market Direction with Technical Analysis? The forex market is changing, and evolving consistently. It implies that as a rule there are such circumstances on Forex when the value conduct becomes as unsurprising as could be expected. Also, if we can foresee the value, we can procure available. One inquiry stays: […]