Welcome to the rollercoaster ride of the AUD/USD pair! Hold on tight as we delve into the recent sharp fall of the AUD/USD pair Picture this: The AUD/USD pair is taking a nosedive, plummeting to nearly 0.6220 during Tuesday’s North American session. Why, you ask? Well, let’s break it down for you. Failed attempts and…
Morgan Stanley’s Global Chief Economist Shares Insights on Immigration Policy Changes and Tariffs What’s the Buzz About? Recently, Seth Carpenter, the Global Chief Economist at Morgan Stanley, delved into the potential economic impacts of major changes in immigration policies and the implementation of tariffs. The discussion has sparked conversation and debate among economists, policymakers, and…
We launched our CEF Insider newsletter nearly eight years ago, in March 2017, and we’ve seen a lot since then! The Journey So Far It’s been quite a journey since we first launched our CEF Insider newsletter back in 2017. We’ve weathered through some significant events and challenges that have shaped our perspective on the…
Gold Prices Surge to New Highs The Market’s Reaction Gold managed to hold an advance wave as prices hit a 2732 high to close to the target of 2740. As we see over the chart, Intraday levels show supports around 2700 and 2689, where as long as the market holds above it, the advance wave…
Understanding GBPUSD Trends and its Impact GBPUSD Analysis GBPUSD has managed to stay below the second resistance level of 1.2375, maintaining the downtrend pressure. Looking at the chart, as long as the market remains below 1.2375, the pressure is likely to continue testing the support zone of 1.2035-85. Impact on Individuals For individuals involved in…
The Euro’s Movement and Implications Technical Analysis The Euro has continued its advance above 1.0370, while staying below the key resistance level of 1.0460. Looking at the chart, it is evident that as long as prices remain below 1.0460, the market could see another drop. Potential support levels to watch for are at 1.0300, 1.0175,…
Gloomy Outlook for the Pound Sterling (GBP) and Euro (EUR) By Your Friendly Neighborhood Finance Enthusiast November 3, 2022 So, you wake up in the morning, open your eyes, stretch out your arms, and take your first peek at the latest news in the finance world. And what do you see? The Pound Sterling (GBP)…
The Euro Slips Back in Forex Trading Euro Falls to Mid-1.03 Area The Euro (EUR) has slipped back to the mid-1.03 area after failing to hold gains through the low 1.04s yesterday. This movement in the foreign exchange market was noted by Scotiabank’s Chief FX Strategist Shaun Osborne. Despite initial gains, the Euro was unable…
