Australian Dollar Forecast: Caught in the US Dollar Vortex
Forecast for the Australian Dollar: Neutral The US Dollar halted the Australian Dollar's ascent. Before the hawks got involved, prospects of a Fed turn were fueled by a lackluster US PPI. Despite solid domestic statistics, the dial only moved a…
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What Does Risk Management in Forex Mean?
Using effective forex risk management, currency traders may reduce losses brought on by exchange rate changes. As a result, putting a good strategy in place for managing forex risk may make trading currencies safer, more manageable, and less stressful. In…
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EURGBP Price Analysis: Bears eye range support around 0.8700
Renewing selling pressure causes EURGBP to see a decline to almost two-week lows. On short-term charts, the rectangle pattern that forms suggests that traders are still determining their next move. Before making substantial directional wagers, neutral technical indications also call…
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4 Global Market Updates- 18 November, 2022
In this article, we have covered the highlights of global market news about the EUR/USD, USD/CAD, USD/JPY and AUD/USD. EURUSD Price Analysis: Bulls remain optimistic over 1.0300 due to RSI divergence inside a neighboring triangle. Before Friday's European session, intraday gains for the EURUSD are reduced…
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USD/IDR Price Analysis: Nears $15,700 before Bank Indonesia Rate Decision
USDIDR has a four-day rise and recently oscillated around an intraday high. The benchmark rate will likely rise by 50 basis points by Bank Indonesia. A breach to the upside of a two-week-old resistance line might reaffirm a multi-month high.…
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