News
Forex News Roundup for 25 May, 2023
A sense of caution permeates the stock markets as the US debt ceiling issue hampers what could have been a predominantly bullish market. The NASDAQ 100 Index has shown significant recovery in recent hours and continues to display a largely optimistic outlook. Should a resolution to the debt ceiling problem materialise, it is highly probable […]
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GBP/USD Pair Faces Downward Pressure Amidst Rising UK Inflation and US Debt Ceiling Concerns
Bearish View Take Profit : 1.2450 Timeline: 1-2 days Bullish View Buy Stop: 1.2420 Take Profit: 1.2520 Stop Loss: 1.2350 The GBP/USD pair has been experiencing a downward trend, primarily influenced by recent developments in the UK’s consumer price index (CPI) and ongoing concerns regarding the US debt ceiling. The latest CPI data from the […]
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Forex News for 9th May, 2023
The forex market in general is experiencing a lot of choppiness ahead of key economic data releases which will be the next catalyst for the price action that is about to happen following the fresh data releases. The bearish trend will continue for the USD in the long term but lately there was a little […]
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BTC/USD – The Risks Are There but Can Expect a Relief Rally for the Pair
Bearish View Sell Stop: 26,900 Take Profit: 25,000 Stop Loss: 29,000 Timeline: 1- 2 days Bullish View Buy stop: 28,200 Take profit: 30,000 Stop loss: 26,000 The concerns surrounding the cryptocurrency world caused a decline to the lowest level since 25th April for the Bitcoin pair. It touched a price of 27,200 which was more […]
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Forex News Roundup & other current affairs for 4th May 2023
The Reserve Bank of Australia announces a 0.25% rate hike to everyone’s surprise as an effort to bring down the inflation which has already crossed 7%. This move had an impact on major Aussie Dollar pairs as AUD/USD pairs gained over 70 pips. The Japanese Yen continues to go down as it stands as one […]
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GBP/USD – The Bullish momentum seems to be weakening for the Cable Pair
Bearish View Take Profit: 1.2400 Stop Loss: 1.2570 Timeline: 1-2 days Bullish View Buy Stop: 1.2525 Take Profit: 1.2650 Stop Loss: 1.2425 The DXY rising to $101.87 caused a drop to 1.2500 as the cable pair experienced a pullback. The collapse of First Republic Bank following the release of weak US manufacturing output data led […]
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Forex News for 2nd May, 2023
Gold prices drop ahead of Fed interest rate decisions as the direction of the XAU/USD pair will be determined by the key economic data releases from the US. A strong USD may push gold prices to a lower range. The Federal Reserve is planning to raise interest rates to the highest it’s ever been in […]
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EUR/USD – The pair may go to consolidation phase ahead of ECB, Fed decisions
Bullish View Take Profit: 1.1100 Stop Loss: 1.0940 Timeline: 1-2 days Bearish View Sell Stop: 1.0980 Take Profit: 1.0900 Stop Loss: 1.1100 The pair was seen moving sideways on Monday morning as the focus has shifted to ECB and Fed as they are about to release key interest rate decisions during this week. There were […]
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News for 25th April 2023
The US Dollar’s decline has resumed aligning with its long-term bearish trend as the market becomes convinced that the Fed will make one last 25 bps rate hike at its next meeting. This will be followed by rate cuts later in the year. Trend traders may consider opening a short trade, waiting for the greenback […]
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GBP/USD Signals & Technical Analysis for Forex Traders
British Pound Rises Ahead of US Economic Data Release: GBP/USD Pair Surges by 1% Amidst Key Housing Numbers Release Short Position Sell Stop: 1.2422 Take Profit: 1.2300 Stop Loss: 1.2550 Long Position Take Profit: 1.2600 Stop Loss: 1.2355 Timeline: 1-2 days The British pound rose against the US dollar ahead of the release of key […]
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