Latest Market News

EURUSD, “Euro vs US Dollar” The currency pair has reached a local goal of the wave of growth at 1.0773. Today a correction to 1.0710 should start. After the correction is over, growth to 1.0788 is expected. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair is forming a consolidation range around 1.2140. A […]

Risk appetite apparently grows in equity markets as Fed chief Powell did not take advantage of the Riksbank conference yesterday to repeat the recent mantra that a high inflation rate warrants further policy tightening. The market interpreted this as another signal that the Fed intends to slow down the pace of policy tightening, reaching “moderately […]

AUDJPY Turning Higher Again The latest test of the 88.02 level in AUDJPY has seen the pair turning sharply higher with price now up almost 5% from the initial 2023 lows. The main driver behind the move has been the better risk sentiment we’ve seen on the back of recent US data and China reopening. […]

The risks of Forex Gambling and How to Stop Forex trading, like any other form of trading, carries a level of risk. However, whether or not it can be considered a “gamble” is a matter of perspective. Forex trading carries a level of risk, and approaching it with a gambling mentality can lead to dangerous […]

EURUSD, “Euro vs US Dollar” On H4, at the resistance level, the pair has formed a Harami reversal pattern. Currently, the pair may go by the signal in the form of a correctional wave. The goal of the pullback might be 1.0700. However, the price may grow to 1.0820, break through it, and continue the […]

Better Q4 Profits Seen Shares in J Sainsbury, the UK’s second-largest supermarket, are trading lower today despite a better profit outlook for Q4. The group recorded a 7.1% spike in sales in the six weeks leading up to January, while the 16 weeks through to January were 5.2% higher than the previous year. The World […]