EUR/USD has breached the support level at 1.05500, and selling momentum has strengthened the current downtrend in the chart.   The Federal Reserve (Fed) has emphasized slowing down the pace of interest rate cuts, a move that could be crucial in maintaining the strength of the U.S. dollar over the long term.   EUR/USD has

The Bank of Japan held their interest rate at 0.25% as widely expected, and there is little expectation for them to fire up their hawkish engines by any meaningful degree soon. The Bank of England also meets shortly and is also likely to hold their interest rate, at a much higher 4.75%. And recent data

Created on December 19, 2024 Bearish View Sell the GBP/USD pair and set a take-profit at 1.2490. Add a stop-loss at 1.2800. Timeline: 1-2 days. Bullish View Set a buy-stop at 1.2715 and a take-profit at 1.2800. Add a stop-loss at 1.2500. The GBP/USD pair remained on edge after the UK published the November consumer

On 17th December, analysing the Nasdaq 100 chart (US Tech 100 mini on FXOpen), we: → Drew a blue upward channel relevant for 2024; → Noted that the price was near the upper boundary of the channel, while the RSI indicator had entered the overbought zone; → Suggested that bulls might face difficulties in pushing

The BOJ held their interest rate at 0.25%, but it seems there was still some hope they might have raised rates, given the yen’s response. Even if the odds of a hike yesterday were greatly diminished, just a few weeks ago the odds firmly backed one. Furthermore, their tone was quite dovish, indicating that the

US Dollar Outlook: EUR/USD EUR/USD appears to be defending the yearly low (1.0333) as it rebounds from a fresh monthly low (1.0343), with the recovery in the exchange rate keeping the Relative Strength Index (RSI) above 30. US Dollar Forecast: EUR/USD Defends Yearly Low to Keep RSI Above 30 EUR/USD may track the November range

Created on December 20, 2024 During my analysis of Bitcoin, the first thing that comes to attention is the fact that the $100,000 level continues to be very important. This is obviously a large, round, psychologically significant figure, and I would venture to say there are probably a lot of options traders willing to get

Transparent Fee Structure GO Markets offers competitive and transparent pricing with minimal fees to ensure cost-effective trading for all clients. Account Minimum There is no minimum deposit requirement for either the Standard or GO Plus+ accounts, making the platform accessible to traders with varying budgets. Trading Fees The Standard Account charges no commissions, with costs

Created on December 20, 2024 As you can see, the Euro initially did rally against the US dollar during the trading session on Thursday, but it has been slapped right back down. I think it’s probably only a matter of time before the Euro drops down to the parity level, possibly lower than that, because

Australia financial regulator ASIC has reported that the Australia Federal Court has unveiled another side of the bankruptcy of former AFS licensed CFDs broker USGFX, indicating that the “unconscionable conduct” that led to the demise of USGFX went well beyond its own four walls. The 2020 bankruptcy of USGFX operator Union Standard International Group Pty

Three BoE policymakers were ready to lower borrowing costs. Data revealed that UK retail sales missed forecasts, increasing by 0.2%. The US economy expanded by 3.1% in the fourth quarter, above estimates of 2.8%. The GBP/USD outlook shows growing enthusiasm among pound bears as Bank of England rate cut expectations increase. At the same time,

Canada’s new Finance Minister, Dominic Leblanc, took office, restoring political calm. The US economy grew by 3.1% in the fourth quarter. US jobless claims dropped more than expected last week. The USD/CAD price analysis suggests political calm in Canada, which has given the loonie some strength against the shining dollar. Meanwhile, market participants eagerly await

Key points: Dollar pops to 2-year high Forex markets digest Fed message Fed’s preferred inflation measure on deck Illustration by TradingView King dollar rules the forex board Friday as the mighty US currency popped to a two-year high against a basket of six rivals. The US dollar index DXY, which measures the buck’s strength against

Created on December 19, 2024 The US dollar has rallied rather significantly during the trading session on Wednesday, as the FOMC in the United States cut interest rates by 25 basis points. It wasn’t necessarily that the cut itself is a surprise, it has more to do with the fact that the forward guidance suggests that

 At the interbank foreign exchange, the rupee opened at 85.07, registering a gain of 6 paise from its previous close. It was later trading at 85.10 against the greenback, a tad above the all-time low level. File | Photo Credit: V.V. Krishnan The rupee saw some recovery from its all-time low level and appreciated 6

Created on December 19, 2024 The Bitcoin market fell a bit during the early hours on Wednesday as we wait for the FOMC meeting, the FOMC meeting and interest rate, press conference statement all come into the picture to drive the value of the US dollar. Now, while the Federal Reserve is expected to cut

The greenback jumped after the Fed forecasted fewer rate cuts in 2025. Forecasts revealed that the Fed might only lower rates by 50 bps. Inflation jumped from 2.3% to 2.6% in the three months to October. The GBP/USD forecast shows renewed support for the USD despite FOMC’s rate cut. The Fed left a hawkish statement

Created on December 19, 2024 The euro initially rallied during the trading session on Wednesday but has turned around to show signs of negativity. But ultimately this is a market that I think is just killing time ahead of the FOMC meeting that occurs about three hours after I record this video. And as things

Created on December 19, 2024 During Thursday’s trading, the gold price is attempting to recover yesterday’s losses, which exceeded 2%, as the gold price index plummeted to the support level of $2583 per ounce. This is the lowest price in a month, following the US Federal Reserve’s hawkish announcement. Today, Thursday, attempts to recover the

eth-usd Ignacio Teson•Thursday, December 19, 2024•1 min read Add an article to your Reading List Register now to be able to add articles to your reading list. ” aria-hidden=”true”> Share in Facebook “> Amid mounting economic challenges, the Central Bank of Brazil has resorted to extreme measures to stabilize its currency. On Thursday, the bank