Fundamental view: The Euro has broken significantly during the course of the week and slumped to its weakest level since July 2020 at 1.1263 on Wednesday due to the greenback continuing to gain strength on inflation fears. The quote has lost more than 1% for this week. ECB Governing Council Member Isabel Schnabel said that [...]
A trailing stop loss is a risk-management tool. It is a type of day trading order that allows you set a maximum value of loss you can incur on a trade. If the security price rises or falls in your favor, the stop price moves with it. If the security price rises or falls against you, the stop [...]
Bearish trend seem to pin the Crypto King - Bitcoin this week. Bearish trend is favored by the two negative events happened in the past few days. On Nov. 12, the United States Securities and Exchange Commission (SEC) denied VanEck’s spot Bitcoin ETF request, Upon the rejection the Bitcoin saw a dip but most important [...]
The USD/JPY pair is trading sideways in the Asian session today. The yen pair is in consolidating phase after a heavy loss yesterday by dropping the most since August. While it has to be noted that the pair has broke March 2017 highs before activation of the stated fall on Wednesday. The receding inflation expectation [...]
