EURUSD, “Euro vs US Dollar” EURUSD has performed a declining movement to 1.0701. Today the market is forming a consolidation range above this level. With an escape from the range upwards, a link of growth to 1.0755 (with a test from below) is not excluded, followed by a decline to 1.0630, from where the trend […]
The Japanese yen, paired with the US dollar, remains weak. The current USDJPY exchange rate stands at 147.52. From January this year until now, the yen has depreciated by more than 12%. The US Dollar easily gains ground against the JPY without encountering resistance. When might the yen have a chance for recovery? This depends […]
GBP Under Pressure GBP is turning lower today on the back of comments yesterday from BOE governor Andrew Bailey who noted that BOE rates are likely near their peak. On the back of 14 consecutive rate hikes, the BOE is widely expected to hike rates again later this month. However, on the back of Bailey’s […]
Daily Market Outlook, September 7, 2023 Munnelly’s Market Commentary… Asian equity markets faced headwinds as they followed the negative lead from the US, where both stocks and bonds retreated in response to hawkish ISM Services data. Additionally, market participants analysed the latest Chinese trade figures. The Nikkei 225 index experienced a turbulent day, initially benefiting […]
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HFM Review HFM is a broker that lets you trade Forex and Commodities. HFM is previously known as HotForex. HFM offers different types of trading services. You can choose from 7 account types and trading platforms. HFM offers CFD trading on 7 account types and trading platforms with spreads as low as 0.1 EUR/USD on […]