The EUR/GBP cross has been facing selling pressure for the past two days, leading to a retreat from its recent high above the 0.8700 mark. This downward trend has continued into the European session today, pushing prices to a one-week low. Traders are now watching closely for a potential break below the key 0.8600 level…
Blog Post: The AUD/USD Pair and Market Trends What’s Going on? The AUD/USD pair has recently faced strong resistance near the 0.6750 mark, following a slightly hesitant pullback during the late European trading session. The Aussie currency’s attempt at recovery has started to fizzle out as investors adopt a more cautious approach. This shift in…
USD/INR grinds higher past 82.00: A Funny and Quirky Look at the Market Getting Defensive at 82.05 It’s a Monday morning, and the USD/INR pair is grinding higher past 82.00, reaching 82.05. It seems like the Indian Rupee (INR) is feeling mostly defensive today, as it consolidates the previous two-week downtrend. The market is in…
USD/CHF drops back to 0.8600, reversing Friday’s recovery Traders Seek Clues to Defend US Dollar’s Rebound As the new trading week kicks off, USD/CHF has dropped back to 0.8600, reversing Friday’s recovery from a multi-year low. Traders are now on the lookout for more clues to defend the US Dollar’s rebound heading into Monday’s European…
Hi Traders! Arvinth here from the Home Trader Club team. The weekly summary and review of July 14th 2023 is here. It is now time to recap and summarize the trade setups that we had during this week. Below you will find a short explanation of all the trade setups we had this week and…
The British government approves construction of controversial road tunnel near Stonehenge Background The British government on Friday approved the construction of a controversial road tunnel near the historic Stonehenge site in southwestern England. The decision comes two years after campaigners won a legal battle to throw out permission for the project that would include digging…
CySEC Reaches a Settlement with Freedom Finance Europe The backstory So, news broke that the Cyprus Securities and Exchange Commission (CySEC) decided to take a closer look at Freedom Finance Europe’s compliance practices. Imagine being under the microscope like that – yikes! The whole ordeal revolved around CySEC assessing the company’s procedures for client identification…
The Future of the Bank of Japan: An Economist’s Perspective Hideo Hayakawa’s Insights on BOJ’s Yield Curve Control Program Hideo Hayakawa, a former chief economist and director at the Bank of Japan, recently shared his thoughts on the future of the BOJ in an exclusive interview with Bloomberg. According to Hayakawa, the central bank is…
