Foreign Exchange

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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 […]

During the opening hours of the European trading period today, EUR/USD ranged sideways. This happened as investors were cautious of placing huge bets before the crucial United States’ employment data. Also, yesterday the United States dollar gained some stamina due to the risk avoidance sentiment in the market. The hawkish comments by the Federal Reserve […]

XAU/USD is retaining its previous correction, as the United States dollar dips along with yield during a time of poor performance of the Treasury yield. Also, the risk tone looks better, as it reflects Asian stocks and the S&P 500 futures. This however supplied a headwind to the USD as it supports Gold. Investors are […]

The USD falls further downwards from a twenty years height during the previous week. However, this has become a major factor initiating the move toward the USD-based commodity. The BoE’s eagerness to purchase around five billion pounds of long-dated gilts pulls the United States bond yield from its many years top and keeps burdening the […]

Ethereum currently is bearish. The bearishness started in 2021 and has lasted till date and will continue for the rest of this year and the year 2023. Even on the day of the Merge, ETH plummeted furiously. The most important reason for the bearishness is crypto winter. During crypto winter, ETHUSD will be trending downwards […]