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 …
The ending of 2020 is witnessing a weak USD at the brink of New Year celebrations. Traders are not that much relaxed in terms of the trade of USD. This weak state of USD is ultimately proving profitable for its counter-currencies such as EUR, GBP and AUD. That’s the game of Forex trading. The fall of a currency ensures the rise of the other. It seems the Central …
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 …