Case for a Strong USD
The case for a stronger USD is more compelling against the low-yielding G10 currencies of the EUR, CHF and JPY where market participants are more comfortable that their central banks will keep rates low despite high inflation. The Fed is…
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USD/JPY Update for Oct 22, 2021
The USD/JPY continued its modest gains from the previous day into the start of European trading, although it lacked punch, and was last seen trading around the 114.00 level. The pair built on overnight weekly lows and gained some traction…
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What is RSI Indicator?
What is the Relative Strength Index (RSI)?The Relative Strength Index is a momentum indicator is used in technical analysis. It measures the magnitude of recent price changes to assess overbought or oversold conditions in the price of a stock or…
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EURUSD Update For Oct 21st 2021
Price EURUSD at the time of writing this - 1.1655 Price EURUSD at the time of writing this – 1.1655The return of the Euro from 1.1617 to 1.1658 yesterday suggests that Tuesday’s re-test near the 3 week high of 1.1669…
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Purpose of Moving Averages
The foreign exchange market, or forex for short, is a dynamic environment where precision reigns supreme. To navigate the intricate web of currency movements, traders rely on a diverse arsenal of tools and strategies. Among these, one stands out for…
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