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Forex

Week Ahead: It’s All About Data!

There is a glut of economic data due this week that could influence decisions at upcoming interest rate meetings. The UK and the rest of the world will mourn the passing of Queen Elizabeth this week. As a result, the Bank of England…

GBPUSD sells rallies in blue box area

Another instrument we have traded recently is the GBPUSD currency pair. In this technical blog, we will take a look at the GBPUSD Elliott Wave charts and explain the trading strategy. As our members know, the GBPUSD is bearish against…

Forex Buffer Falls Below $100 Billion

As the peso continues to weaken against the US dollar MANILA, Philippines – The country's foreign exchange reserves fell below $100 billion last month for the first time in nearly two years amid a sharp depreciation of the peso against the…

Risky flows weighed on the dollar

What you need to take care of on Friday, May 27: Australian retail sales are growing in Asia. The US dollar attempted a modest recovery early Thursday but ended the day with losses against most major rivals. U.S. data…

The dollar remains behind

What you need to take care of on Wednesday, May 25: The US dollar remained weak on Tuesday, despite the lackluster mood in the markets. EUR/USD bounced above 1.0700 as more ECB officials promised a 50 basis point rate…

This market trades a new story every day

Fundamental Oil Analysis Commodities finished lower across the board and Oil closed 168 basis points on Friday. For oilreports that Chinese demand for oil has fallen the most since the 2020 Wuhan lockdown overturned any notion of a weekend…