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EUR/USD pushed up from support
Information is not investment advice
The ECB cut the deposit rate yesterday and announced a new round of QE. Still, the euro has managed to recover from the news pretty quickly. EUR/USD spiked down to the September low in the 1.0930 but failed to stay there and closed around 1.1060 on Thursday. This kind of bottom means that if the pair overcomes the current resistance at 1.1090 (200-period MA on H4), the advance to 1.1130 (50-day MA) and potentially 1.1180 (100-day MA) will be triggered. Selling will become an option once again if the pair returns below 1.1020.
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