by Eddie Tan | Jun 3, 2024 | Forex Analysis
Forex Markets Analysis 3 June 2024 CURRENCIES: Key Events and Predictions ECB Rate Decision: The European Central Bank (ECB) is expected to cut interest rates by 25 basis points on Thursday. Markets speculate the next cut may occur on either September 12th or more...
by Eddie Tan | May 31, 2024 | Forex Analysis
Forex Markets Analysis 30 May 2024 CURRENCIES: Key Highlights: Contrarian Trading Strategies: Trading based on crowd psychology often leads to significant opportunities. Contrarian trading involves going against dominant market sentiment to capitalize on potential...
by Eddie Tan | May 20, 2024 | Forex Analysis
Forex Markets Analysis 20 May 2024 Currencies: Last week saw significant movements in the forex markets, driven by key economic developments: U.S. Dollar: The Dollar Index (DXY) fell sharply following softer-than-expected consumer price index (CPI) figures,...
by Eddie Tan | May 14, 2024 | Forex Analysis
Forex and Stock Market Update: Tuesday, May 14 Currencies: Gold Price Technical Analysis Recent Performance: Gold prices fell after failing to breach the $2,375 resistance last Friday, sliding below $2,350 as the new week began. Potential Downside: Key support is...
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...
