Fundamental view: The US dollar has gone back and forth during the course of the week, ultimately forming a bit bull candle. The broad dollar’s demand has underpinned the pair, although the poor performance of government bond yields limited the advance. Japan Coincident Index & Japan Leading Index on 7th June and Japan BoJ Money [...]
Fundamental view: Pound traded low against dollar in the current week. UK Prime Minister Boris Johnson is set to announce a four-week delay to the last stage of the reopening. July 19 is the new June 21. This acted as a major catalyst in the pound weakening. Britain Halifax HPI yearly report on 7th June [...]
Fundamental view: Euro traded low against dollar at fresh monthly lows and with increased bearish potential. Investors read reg past upwardly revised US inflation figures, which hit 5% YoY in May, accelerating at the fastest pace since 2008. The US Federal Reserve will have a monetary policy meeting next week, and the assessment of record [...]
While doing Forex, some people feel like they haven’t done anything more than gambling. During their trades, the only real variable is luck, which sometimes acts in favor of them and sometimes leads them to a loss. Numerous attempts have been made to simplify trading in the forex market, and while a degree of success [...]
