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The Japanese yen, paired with the US dollar, is constantly changing its trajectory. The current USDJPY exchange rate stands at 150.16. Today, the market focuses on discussions about currency interventions in Japan. On Tuesday, Finance Ministry spokesman Atsushi Mimura noted that the Japanese authorities are in ongoing dialogue with their foreign counterparts and the Central […]
The Australian dollar is strengthening against the US dollar. The current AUDUSD exchange rate stands at 0.6531. China has resumed its everyday activities, giving Australia more reasons to react. This morning, China reduced its benchmark mortgage rate to bolster the housing market, which had previously experienced a decline. Capital markets responded positively to the news, […]
In the vast and often complex world of Forex trading, one critical factor that traders must always consider is the legitimacy and regulatory status of their chosen brokerage firm. While the Forex market offers immense potential for profit, it also harbors risks, particularly when dealing with unregulated brokers who may engage in fraudulent practices. In […]
Daily Market Outlook, February 20, 2024 Munnelly’s Market Minute… “Sentiment Shaky As US Comes Back Online” Investor confidence has been unsettled by the Asia session, as U.S. equity futures falter and Treasury yields increase. Although China has made substantial cuts to mortgage rates, the mainland stock markets continue to struggle with no signs of recovery. […]
TitleEURJPY H4 | Bearish drop TypeBearish Drop Preference:The price is trading at pivot at 161.839, the swing-high resistance. Price could reverse from the pivot and fall to the 1st support at 160.166, the overlap support. Alternative scenario:Alternatively, price could break out of the pivot and rise to the 1st resistance at 162.822, the overlap resistance. […]
TitleGBPUSD M15 I Bearish Drop TypeBearish Drop Preference: Price is currently at the pivot point of 1.2612, A reverse from this level could lead the price to fall to 1st support at 1.2555, a multi-swing low support level. Alternative scenario:If price bounces the pivot, it could rise to 1st resistance at 1.2658. above swing high […]