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USD/JPY Forecast: Strong Pullback As Yen Loses Luster

USD/JPY Forecast: Strong Pullback As Yen Loses Luster

The USD/JPY forecast shows a slight recovery in the pair from Friday’s plunge as the yen loses some of its shine. At the same time, the dollar gained as it became clear that the Fed might cut rates gradually. After a mixed US employment report, the USD/PY pair reached new lows on Friday. The nonfarm payrolls […]
Fed Beige Book Conditions Are Worse Now Than The Start Of The Great Recession

Fed Beige Book Conditions Are Worse Now Than The Start Of The Great Recession

Let’s compare current Beige Book conditions to those at the beginning of the Great Recession.  Beige Book January 2008Let’s take a look at the Fed’s Beige Book Summary of Economic Conditions in the 12 Fed districts in January of 2008. The Great Recession had begun. Reports from the twelve Federal Reserve Districts suggest that economic activity increased […]
EUR/USD Analysis: Key Events Ahead

EUR/USD Analysis: Key Events Ahead

Prior to the close of last week’s trading, the EUR/USD pair declined following a speech by John C. Williams, President of the Federal Reserve Bank of New York. According to reliable trading platforms, the US dollar rose against the euro and other G10 currencies after a speech by John C. Williams, President of the Federal […]
Binance obtains crypto license in Indonesia through local subsidiary

Binance obtains crypto license in Indonesia through local subsidiary

Key Takeaways Tokocrypto secures PFAK license from Indonesia’s Bappebti, strengthening its regulatory position. Tokocrypto’s user base grows to 4.5 million with a 138% increase in monthly average trading volume. Share this article Tokocrypto, a Binance group member, has obtained the Physical Crypto Asset Trader (PFAK) license from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti). According […]
GBP/USD Forecast: Selloff After Early Rally

GBP/USD Forecast: Selloff After Early Rally

You can see that the British pound initially rallied during the trading session on Friday, but then collapsed quite significantly to show extreme signs of weakness. At this point in time, the market is likely to continue to see a lot of uncertainty. With the jobs number in the United States coming out weaker than […]
AUDUSD Forex Elliott Wave Technical Analysis – Monday, September 9

AUDUSD Forex Elliott Wave Technical Analysis – Monday, September 9

AUDUSD Elliott Wave Analysis Trading Lounge Day Chart, Australian Dollar/U.S. Dollar (AUDUSD)AUDUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Orange wave 2 Position: Navy blue wave 1 Next Higher Degree Direction: Orange wave 3 Details: Orange wave 1 is completed, and now orange wave 2 is in progress and nearing its conclusion. Wave Cancel Invalidation Level: 0.63494 The AUDUSD Elliott […]
EURUSD Analysis, EURUSD Price Prediction & EURUSD Week Ahead Forecast – Monday, September 9

EURUSD Analysis, EURUSD Price Prediction & EURUSD Week Ahead Forecast – Monday, September 9

Today you will see EURUSD price prediction based on the technical analysis. What is the support and resistance on the daily time frame for EURUSD. What to expect where the price will breakout for the EURUSD based on the supply and demand zones.Video Length: 00:03:22More By This Author:Gold Confirmed Yesterday Analysis And Now Targeting 2525.80. […]
Analytical Overview Of The Main Currency Pairs On 2024.09.09

Analytical Overview Of The Main Currency Pairs On 2024.09.09

The EUR/USD currency pair Technical indicators of the currency pair: Prev. Open: 1.1101 Prev. Close: 1.1085 % chg. over the last day: -0.14 % The recovery of the dollar on Friday had a negative impact on the euro. In addition, Eurozone economic news was weaker than expected and put pressure on the euro after Eurozone GDP […]
US Bitcoin ETFs Face $1.2 Billion In Losses Amid Longest Streak Of Net Outflows

US Bitcoin ETFs Face $1.2 Billion In Losses Amid Longest Streak Of Net Outflows

US Bitcoin exchange-traded funds (ETFs) are experiencing their longest stretch of daily net outflows since their launch earlier this year part of a wider retreat from riskier assets in a challenging period for global markets.Investors have withdrawn close to $1.2 billion from a group of 12 ETFs over the eight days leading up to September […]
AUD/USD Price Forecast: Tests 0.6650 Near The Lower Boundary Of Descending Channel 
                    
 

AUD/USD Price Forecast: Tests 0.6650 Near The Lower Boundary Of Descending Channel  

AUD/USD extends its losses for the second consecutive day, trading around 0.6650 during the European hours on Monday. The daily chart analysis shows that the pair is trekking down along the lower boundary of the descending channel, suggesting the reinforcing of a bearish bias.Additionally, the 14-day Relative Strength Index (RSI) falls below the 50 level, […]