Another roller coaster ride for AUD/USD happens as it is a changing scenario of Forex trading. Loose monetary policy is going to be another crucial factor to influence AUD/USD as it pullbacks under the support level of 0.7740. The value of this pair is currently challenging a new support level at 0.7725. It seems that the changing scenario of Forex market is affecting this pair now. If it …
Forex traders all over the world are eyeing closely safe haven and the Relief package announced by Joe Biden. The value of GBP/USD is in spotlight right now. All the economists are hopeful that Joe Biden will manage to handle this stimulus successfully. All the counter currencies of USD are enjoying a rise in their worth excuse of the weakness of USD. GBP is definitely no exception. The …
Finally Forex market is observing stronger USD vs ASEAN FX. the beginning of 2021 has witnessed a weaker USD. However the recent scenario of Forex trading with minor fiscal stimulus and increasing patients of another wave of pandemic is trying to turn the table for USD. All these economic factors are contributing in strengthening USD. while on the other hand, the ASEAN FX is likely to be influenced …
Novice traders fear of high volatility in Forex market. Forex trading is a combination of high and low volatility. Adapting your trading strategy and approach according to the changing scenario of the Forex market is the key to profit in this field. Greater movement and shift in the price of currencies calls for immediate actions. You need to follow some easy steps to deal with high volatility. Understanding …
Last week was a disturbing one in Forex market. This uncertainty will result in turbulent trade of USD. Last week, USD/JPY failed to satisfy the expectations of the traders. Traders do not find trade that much motivating and appealing. The current scenario is affecting the major currencies and their counter-currencies. Bond yield & trade of USD/JPY: It seems that the Fed is about to take some serious measures …
The third wave of pandemic and severe measures to deal with it, has again led to lockdown and affected the trading trend. Last year GBP/JPY has struggled against the havoc of the pandemic. Restrictions seem like a retrieval of March. It does seem that the pandemic is willing to let the economies be stable and recover. UK government has taken serious actions to cope with the dire situation. …
After the first week of 2021, the state of EUR/GBP is not an encouraging one. It seems stuck somewhere due to recent lock down. Pound has forced the traders to get buyer support. Both the currencies of this pair do not seem attractive at all; still EURO was able to under perform GBP in the last week. The current trend of this pair is bullish. Lockdown & EUR/GBP: …
Canadian Dollar has seen severe price fluctuations in the first week of January 2021. The current state of Canadian dollar (CAD) is different in its trading pairs as compared to its counter-currencies. NZD/CAD and EUR/CAD are two most prominent pairs of CAD. In both of these pairs, the trading trend is quite different. In case of EUR/CAD, CAD seems somewhat better and stable as compared to EURO. While …
EUR/USD Review – The beginning of 2021 has seen a positive state of EUR/USD. The price of the pair has already crossed the 1.20 trading level. The current state hints that EUR/USD will further gain ground in the coming days. If the present pace of trading continues then the pair will likely reach the 1.25 level. ECB & EURO/USD: The first quarter, particularly the beginning of 2021 is …
Read moreEUR/USD Review : The Beginning of 2021 and EUR/USD:
The beginning of 2021 is about to witness a smooth trail of Gains of GBP. January seems to be a relaxing and soothing month for GBP traders. All its counter-currencies are losing their charm because of the growing attraction of GBP. GBP/USD, smooth trail of gains: The Brexit deal of trade with the EU and the positive news of the effectiveness of the Vaccine against the virus are …