Forex News 01-08-2023

Forex News Roundup for 31st July, 2023

The US Dollar is still rising despite a long-term bearish trend but it would be tough for the price to cross the key resistance at 101.56 which makes the uptrend look like a short-term situation at the moment. The Swiss Franc has turned out to be the weakest currency since the weekly open while the […]

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Forex Signals 01-08-2023

EUR/USD – A Downtrend May Happen For The Pair Ahead Of Eu Inflation Data

Bullish View Take Profit: 1.0960 Stop Loss : 1.1075 Timeline: 1-2 days Bearish View Buy Stop : 1.1048 Take Profit: 1.1100 Stop Loss : 1.0970 On Monday morning, the major pair was seen trading at 1.1018 which was a little higher than the low point of last week when the price was 1.0945. Trades seemed […]

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Forex News 25-07-2023

Forex News Roundup & other current affairs for 25th July 2023

GBP/USD is under pressure around the 1.2840 mark. The S&P Global Composite PMI showed that US business conditions improved after the FOMC meeting. The pair struggles to gain ground and remains on the decline, which may be impacting the GBP/USD exchange rate. China’s state banks are selling dollars both onshore and offshore to defend the […]

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Forex Signals 25-07-2023

GBP/USD – The Cable Pair Price May Keep Dropping For Now

Bearish View Take Profit: 1.2800 Stop Loss : 1.2900 Time Line: 1 day Bullish View Buy Stop : 1.2890 Take Profit: 1.2950 Stop Loss : 1.2800 We saw a drop in the price of the cable pair following the release of UK consumer inflation and retail sales figures. The pair fell to 1.2850, reaching the […]

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Forex News 18-07-2023

Forex News Roundup For July 18, 2023

The analysis of silver prices shows that positive market sentiment continues for the silver trading pair, XAG/USD. For now, the price is consolidating in a favourable phase. Yet it encountered resistance at $26.00. If the price surpasses $25.00, it could signify additional potential for silver to increase in value. Commerzbank suggests that gold prices are […]

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Forex Signals 18-07-2023

EUR/USD – The Pair Price Will Keep On Rising With Bullish Sentiment

Long Position Take Profit: 1.1300 Stop Loss : 1.1200 Timeline: 1 day Short Position Sell Stop : 1.1215 Take Profit: 1.1150 Stop Loss : 1.1300 The pair price has been showing a strong bullish trend on the price charts, crossing all the Moving Averages and moving above the Ichimoku Cloud. With the development of a […]

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Forex News 13-07-2023

Forex News Roundup for 13th July, 2023

Today, the United States is scheduled to release its Consumer Price Index (CPI), which measures inflation. Analysts anticipate that the data will reveal a 0.3% increase in monthly inflation, accompanied by a significant decrease in the annualized rate, dropping to 3.1% after a notable decline last month. Should the CPI report unexpectedly show a smaller […]

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Forex Signals 13-07-2023

Aud/usd – More Sideway Movements Can Be Expected for the Pair

Short Position Take Profit: 0.6600 Stop Loss : 0.6750 Timeline: 1-2 days Long Position Buy Stop : 0.6700 Take Profit: 0.6800 Stop Loss : 0.6600 The AUD/USD pair is still fluctuating within a range and does not yet appear to be in a strong trend. Prior to the release of the US CPI data on […]

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Forex News 04-07-2023

Forex News Roundup for 4rth July, 2023

Among major currencies, the Japanese Yen has consistently shown weakness in the long run. On Friday, the USD/JPY currency pair reached a fresh 7-month high, surpassing the ¥145 mark. Trend traders will continue to find appeal in taking short positions on the Japanese Yen, which also hit a multi-year low against the Euro last Friday. […]

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Forex Signals 04-07-2023

EUR/USD – The pair may keep on consolidating for a while

Bullish View Take Profit: 1.0965 Stop Loss : 1.0850 Timeline: 1-2 days Bearish View Sell Stop : 1.0890 Take Profit: 1.0835 Stop Loss : 1.0950 Last Friday, we saw the pair price recovering after positive US PCE numbers were released, suggesting the possibility of a rate hike during this month. Earlier, the pair price dropped […]

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