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EUR/USD: a negative scenario
Information is not investment advice
EUR/USD met resistance at 1.1280 last week: the euro made 3 unsuccessful attempts to break higher. Then the currency pair traveled lower, below 1.12. The fact that it broke below the 1.1280/1.1200 range on H4 indicates that it will likely follow through and go another 80 pips down targeting the area of 1.1120/00. The decline below 1.1180 (June low) should trigger a further selloff. This idea is in line with the weaker euro ahead of the European Central Bank’s meeting later this week.
Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus