by Eddie Tan | May 10, 2024 | Forex Analysis
Forex Markets News – 10 May 2024 CURRENCIES: EUR/USD Overview: After rebounding from the support level at 1.0725, EUR/USD is currently testing resistance around 1.0790, where the 50-day and 200-day SMAs converge. Potential gains could push it toward trendline...
by Eddie Tan | May 9, 2024 | Forex Analysis
Forex Markets 9th May 2024 CURRENCIES: Gold Price Analysis (XAU/USD): Sentiment: Bearish Recent Trends: Gold prices have fallen for two consecutive sessions, nearly erasing the gains made in Monday’s rally. The market has been trading sideways for the past two...
by Eddie Tan | May 9, 2024 | Blog
The Most Traded Currency Pairs Whether you’re a seasoned trader or new to the Forex market, understanding the most traded currency pairs can significantly influence your trading strategy. This knowledge allows traders to capitalize on more predictable market...
by Eddie Tan | Apr 16, 2024 | Forex Analysis
Forex and Stock Market Analysis – April 16 Currency Overview: GBP/USD Dynamics: The GBP/USD pair continues its downward trajectory, fueled by worsening indicators in the UK labor market. Unemployment in the UK escalated to 4.2% in February, surpassing both...
by Eddie Tan | Apr 12, 2024 | Forex Analysis
Forex and Stock Market Analysis Currency Overview: Euro Dynamics Post-ECB Decision: The euro weakened against the U.S. dollar and British pound following the European Central Bank’s dovish statements in its April meeting. EUR/USD fell 0.2% to 1.0725, while...
