Trade Deal between EU and UK is a good news for traders. 2020 has played havoc with the capital as well as the emotions of Forex traders. GBP/USD suffered greatly. Pandemic mercilessly crushed all the hopes of the newbies in forex trading of becoming millionaires. Now the brutal year 2020 is about to end in a couple of days, it is time to wait for what 2021 will …
The trading pair of EUR/USD has opened today’s trade with a bullish bias in the mid of a global weakness. The price was more than 1.2200 point barrier. Such a start reflects the price to enjoy bullish trend. But for this to happen, first it needs to breach the value of 1.2225. If it successfully breaches this value then it can reach a positive value. On the other …
AUD/USD has been enjoying a stable position recently. We can witness a constant rise in its attraction in the last few weeks. The future prospect looks to favor this pair in coming week as well. The Australian Dollar is going to enjoy this journey of gains in the coming week. Thus we can say that the journey of Australian Dollar of rise and gains will extend. In Forex …
Oil prices have decreased and now it is affecting the volatility of Forex market. A terrifying cycle of pandemic forces different countries to take immediate measures to cope up with the deadly situation. UK is facing the same scenario. The pandemic has provoked many countries to seclude their borders and disallow the travelers to enter. Such a drastic step has resulted in reducing the Oil prices. The worst …
Trading Pair of EUR/USD and New Year: The trading path further continues to be full of hardships for USD. New Year is not going to let the traders of trading pair EUR/USD cannot relax in the current scenario. The USD is not easing the tension of the traders and investors. The price of the counter-parts against USD is spiking up. Leaving Dollar behind, its counter-currencies are gaining ground …
A Promising scenario for EUR and EUR/USD: Nothing remains permanent in Forex trading. After a trial of losses, traders can witness a promising scenario for EUR. Finally after troubling the investors for a long time, EUR is now again starting to get a place in spotlight. A promising future awaits EUR as its trading partners are facing hurdles in smooth trading. Particularly USD is slowly losing its ground. …
Aussie Vs USD, the intense battle begins in the Forex market. The global risk has reached its peak. The rise in the prospect and possible upcoming positive scenario of global growth results in the fall of USD which ultimately leads to rise of the worth of AUD. The economic data of China also plays a vital role in increasing the value of AUD. Chinese economy is undoubtedly a …
USD/JPY, the Third most widely traded currency of the world, is showing new layers. Recently you have witnessed that Flexibility has become an attractive feature of Yen. The news of the vaccine of the COVID19 has created optimism in the Forex traders. It has made world hopeful for a cure of this terrifying pandemic. Obviously it will result in stimulating risky trading deal. Ultimately such irrational and risky …
EUR/USD is a game of two prominent economies of the world. No wonder it always manages to be in the spotlight. Central Banks of the world influence the Forex trading. The financial reports of Central banks are about to alter the trading plan of most of the traders. The attention of the traders is again on this pair. Right now the title of this trading game plan is …
Tables are turning and the pullback of AUD is round the corner. It is evident that there is a risk of a slight fall in price of AUD. The most contributing factor in this regard is the trade balance report of its greatest trade partner (China). AUD is obviously going to be fazed by this trade surplus of China. The overflowing stream of trade of Chinese economy is …