The EUR/CAD Pair’s Intriguing Movement What Happened in Tuesday’s European Session? The EUR/CAD pair saw a significant shift in its movement during Tuesday’s European session as it failed to push above the key resistance level of 1.5050. This resulted in the pair surrendering a majority of its intraday gains, marking a halt to its four-day…
Trump’s Inauguration and the Future of America A New Era? Trump’s latest statements at his inauguration emphasized the return of America’s “golden age,” which, in Trump’s terms, translated to strict borders, trade wars, and oil oversupply. Surprisingly, no comments were made about the cryptocurrency industry, despite the release of the Trump and Melania coins, which…
It’s a New Dawn: Trump’s Tariff Announcement Sparks Hope in Global Markets What a Rollercoaster Ride! Monday, 20 January was no ordinary day in the world of global markets. Investors had their hearts in their mouths as they awaited Trump’s inauguration speech, hoping against hope that it wouldn’t spell disaster for their portfolios. And what…
USD Weakness and Its Impact on the Market Feeling the Pinch Further US Dollar (USD) weakness is not ruled out; the major support at 7.2420 is likely out of reach for now. In the longer run, decline in USD seems excessive, but there is potential for a test of 7.2420, UOB Group’s FX analysts Quek…
Charmingly Eccentric: Exploring the USDCAD Chart on H4 A False Breakdown and Volatility on the Horizon As we delve into the intricacies of the USDCAD chart on the H4 timeframe, we are met with a captivating sight. A flat pattern with a false breakdown of the upper boundary has caught the attention of traders worldwide….
USD Could Break 154.90: What It Means for You and the World USD Weakness Continues The US Dollar (USD) is currently hovering near the key level of 154.90, with the next major support at 154.40 seemingly out of reach for now. According to UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann, USD…
Feeling the Forex Ups and Downs: Why EUR/USD Correcting Lower Matters Let’s Talk Currency Pairs So, you invested in EUR/USD, hoping for some gains. You wake up one morning to see that the pair surged to 1.0430 on Monday, only to correct lower to near 1.0350 the next day. What gives? The world of forex…
The Potential Rise of the New Zealand Dollar (NZD) Robust Momentum Predicted by Analysts According to FX analysts Quek Ser Leang and Lee Sue Ann from UOB Group, there is a strong possibility that the New Zealand Dollar (NZD) could break above the key level of 0.5700. However, they express caution in suggesting that it…
