Page 675 – Forex

EURUSD bounces higher after recent swing lows stalled the fall

The EURUSD rose sharply on Monday and fell sharply on Tuesday. Today, there has been a further rotation to the downside that took the price …

By admin

October 25, 2023

Trading Education

Morning Star Candlestick: A Forex Trader’s Guide

October 25, 2023

Signalling a bottom in the market and possible reversal, the Morning Star is a useful FX tool. Source

Central Banks

Sam Bankman-Fried to testify in his own defense

October 25, 2023

A lawyer for Sam Bankman-Fried said he will take the witness stand in his own defense as soon as tomorrow. “Our client is also going …

Central Banks

BOC’s Macklem: We are seeing clear evidence that higher rates are working

October 25, 2023

The exchange rate is part of how monetary policy works Normally large rate hikes boost the currency but because the US is also hiking, the …

Technical Analysis

AUDUSD trades to new session lows

October 25, 2023

The Australian CPI came in stronger than expected earlier today (see data here). The initial reaction in the Asian session was to the upside in …

Central Banks

Macklem: Inflation is on a higher path than we expected

October 25, 2023

Demand pressures have eased more quickly than we forecast in July Overall inflation risks have increased since July We held policy rate steady because we …

Central Banks

Watch live: Bank of Canada holds a post-decision press conference

October 25, 2023

The press conference starts at 11 am ET and will last about 45 minutes. This article was written by Adam Button at www.forexlive.com. Source

Trading Education

DailyFX Forex Trading Course Walkthrough: Part Five

October 25, 2023

In our last installment, we looked at the ‘who,’ and this time we shift our focus to the ‘what.’ What are the biggest news events …

Trading Education

DailyFX Forex Trading Course Walkthrough: Part Four

October 25, 2023

Fundamental analysis is key for projections, but since the global financial collapse, there’s been a dominant force that traders need to account for, and that’s …

Technical Analysis

USDCAD moves toward topside swing area after BOC rate decision

October 25, 2023

The USDCAD is moving higher after the Bank of Canada rate decision (and the stronger New Home Sales data). The pair has moved up to …

Central Banks

Bank of Canada decision: Rates held unchanged at 5.00%, as expected

October 25, 2023

Prior overnight rate was 5.00% BOC sees “clearer signs that monetary policy is moderating spending and relieving price pressures” “There is growing evidence that past …