Forex

AUD/USD is moving higher and might climb further above 0.6870. NZD/USD is also rising and could extend its increase above the 0.6370 resistance zone. Important Takeaways for AUD USD and NZD USD Analysis Today The Aussie Dollar started a fresh increase above the 0.6760 and 0.6800 levels against the US Dollar. There is a bullish

The Euro continued to remain bullish until Thursday, reaching 1.1140 as it has continued to benefit from the ECB’s hawkish stance. Markets have been expecting the ECB to start easing policy. Policymakers at the ECB highlighted that their choices are data-driven and unaffected by market pricing or external forces. Source link

Taipei, Dec. 29 (CNA) The U.S. dollar rose against the Taiwan dollar Friday, gaining NT$0.017 to close at NT$30.735. Source link

Daily Pivots: (S1) 178.86; (P) 180.18; (R1) 181.35; More… Range trading continues in GBP/JPY above 178.32 and intraday bias remains neutral. Further decline is expected as long as 184.15 resistance holds. On the downside, break of will resume the decline from 188.63 and target 38.2% retracement of 148.93 to 188.63 at 173.46. However, decisive break

This article focuses exclusively on the euro’s technical outlook for the first quarter. For a more in-depth look at the common currency’s fundamental profile for the next three months, request the full first-quarter forecast. The trading guide is free! Recommended by Diego Colman Get Your Free EUR Forecast EUR/USD with Limited Room to the Upside

In the end, Bitcoin’s recent price action reflects a period of consolidation and uncertainty.  Bitcoin’s performance on Thursday showed initial attempts to push higher, although it encountered resistance in sustaining those gains. This pattern is consistent with the consolidation phase that has persisted since late November. This has only been a bit of a blip,

“Here at Vida Markets, we pride ourselves on offering an all-in-one ecosystem, characterized by a comprehensive multi-asset platform complemented by the convenience of same-day deposits and withdrawals.” Retail FX and CFD broker Vida Markets has entered into a strategic partnership with payments platform Cricpayz, acknowledging the critical importance of swift and flexible payment solutions for

Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter I am sticking with my short trade idea from Q4 2023. Although my Q4 idea paid off handsomely in the end, I still see massive scope for another push lower on USD/JPY in

eth-usd Forex Signals Brief December 29: Spanish CPI and Chicago PMI to Close 2023 Skerdian Meta•Friday, December 29, 2023•3 min read Add an article to your Reading List Register now to be able to add articles to your reading list. ” aria-hidden=”true”> Yesterday started with some decent economic data from Japan, such as the Prelim

Crude Oil was on a steep downtrend for several months, from the end of September until early December, with US WTI crude falling below $68, where buyers stepped in, as the price approached the support zone. The price increased above $79 until Tuesday, but then reversed back down and ended the week $4 lower, heading

DUBAI, UNITED ARAB EMIRATES / ACCESSWIRE / December 30, 2023 / Kaafx International, a dynamic startup in the global financial sector, has marked a significant milestone as it concludes 2023 by being recognized as the Premier Indexed Forex Channel. Extending its services to over 40 countries, Kaafx International stands as a leader in providing cutting-edge

GBPUSD pares some gains after posting a 4-month peak Positive bias holds as momentum indicators are skewed to the upside GBPUSD had been forming a profound structure of higher highs following its break above a crucial descending trendline in early November. Although the pair’s rally has temporarily paused at the four-month peak of 1.2826, the impending completion

Source: AdobeStock / Wit Chinese authorities have issued a stern directive for an enhanced crackdown on the use of cryptocurrencies, emphasizing their role in illegal foreign exchange trading as part of ongoing efforts to mitigate financial risks. In a joint statement released on Wednesday, the Supreme People’s Procuratorate (SPP) and the State Administration of Foreign

The court found that Tradewale entities intentionally misled individuals with claims of a “unique trading system” using “artificial intelligence” and promising substantial returns with minimal risk. Despite representations that accounts could be easily accessed, customers in the United States reportedly faced difficulties withdrawing funds, as the defendants misappropriated them for unauthorized purposes. The U.S. District

Despite the Australian dollar’s recent strength, it may encounter headwinds in an economic environment marked by potential challenges.  The AUD/USD exhibited an initial attempt at a rally on Thursday, although it appears to have encountered a temporary loss of momentum. This development is not entirely unexpected, considering the sustained upward trajectory that the currency has

At the end of the day, Crude Oil markets continue to experience tumultuous trading as the year draws to a close.  Forex Brokers We Recommend in Your Region See full brokers list   The Crude Oil market has continued to exhibit volatile trading patterns as the year comes to a close, with Thursday being no

Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter AUD/USD price action on the longer-term weekly chart now sees AUD bulls retesting the downward trendline resistance level (black) for the fourth time since February 2021. A major area of confluence like this

Ultimately, the dollar’s recent decline has brought it closer to the crucial 141 yen level, attracting significant attention from traders. The integrity of the uptrend line is also under scrutiny. The USD/JPY experienced a decline during Thursday’s trading session, bringing it closer to the critical 141 yen level, which represents a focal point for market

Ultimately, the S&P 500’s recent attempt to rally encountered resistance at the 4,800 level. The S&P 500 index attempted to rally overnight but encountered resistance around the 4,800 level, which represents an all-time high. While this record-breaking level suggests the potential for a breakout, there are also concerns regarding market liquidity. Caution is warranted during

Hey friends, as we prepare for the new month, and the new year, here are some of my anticipated trade ideas for January. Do note, however, that these are long-term views and would therefore require patience as they unfold. EURUSD – W1 Timeframe EURUSD on the Weekly timeframe has reached a supply zone, and price