market Archives - Page 12 of 97

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USD/CAD nears 2-month low as bears target 200-day SMA below 1.3400

by admin · April 13, 2023 ·

The USD/CAD pair is under selling pressure for the fourth consecutive day, dropping to a nearly two-month low on Thursday. Bears are eagerly awaiting a breakthrough of the important 200-day ...

UK Economy Stalls as GDP Remains at 0% for February

by admin · April 13, 2023 ·

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The British economy has hit a roadblock, with the February 2021 UK Gross Domestic Product (GDP) monthly release reporting a stagnant 0% growth. This unexpected news has rattled traders, especially ...

NZD/USD to Remain Range-Bound in Short-Term, UOB Says

by admin · April 13, 2023 ·

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The latest analysis from UOB Group's economist Lee Sue Ann and markets strategist Quek Ser Leang suggests that the NZD/USD currency pair will be range-bound over the next few weeks, ...

GBP/USD Faces Resistance at 1.2525 Ahead of 1.2600, Warns UOB

by admin · April 13, 2023 ·

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In recent forex analysis, the GBP/USD currency pair has encountered significant resistance at 1.2525, with further resistance predicted at 1.2600 by UOB Group's economists. This marks a notable increase in ...

Understanding Moving Averages for Forex Trading: Types, Valuable Ones, and Techniques

by admin · April 10, 2023 ·

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Many traders use moving averages in forex trading to analyze trends, support and resistance levels, and entry and exit points. While simple and exponential moving averages are commonly used, understanding ...

WTI crude oil rises beyond $80.00 amid NFP, economic worries, and OPEC+ surprise.

by admin · April 8, 2023 ·

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WTI crude oil shows a three-week increase and has recently fluctuated at a 10-week high. Although economic troubles have recently pressured WTI, the OPEC+ surprise keeps oil purchasers at the ...