The dollar stumbled on Monday as investors nervously awaited the Federal Reserve’s next move on interest rates amidst the recent collapse of Silicon Valley Bank. President Joe Biden tried to ease concerns by assuring Americans that their deposits in Silicon Valley Bank and Signature Bank were safe after the government’s swift response. But it looks […]
Market Analysis – March 2 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade price is rising steadily on the daily timeframe. The Bulls have reached their first resistance level of 138.00 after the trend reversal in January. USDJPY – Guide, Tips & Insights | […]
The euro has managed to squeeze out some gains against the US dollar in early trading today, following a slightly weaker greenback and better-than-expected German CPI data. Although the actual numbers were in line with forecasts, the 8.7% figure highlights the elevated and stubborn inflationary pressures in Germany, and this data is seen as a […]
USOil Analysis – March 10 USOil remains structured for a breakout. The market rose strongly by the middle of 2022. However, after the price reached 121.500, the buyers were not able to keep up with the intensity. This made the market vulnerable to the sellers, who took full advantage. Therefore, the price nosedived continually for […]
Market Analysis – March 8 The EURCHF market is showing a very weak bearish trend. The lower highs and lows are very close to one another. The buyers have not surrendered totally as bullish impulsive moves are still observed within the bearish parallel channel. EURCHF Key Levels Demand Levels: 0.9850, 0.9820, 0.9770 Support Levels: 1.0000, […]
XAUUSD Analysis – March 9 XAUUSD respects its rising trendline on its way to higher price levels. The market is finally showing up after an underwhelming 2022 in which the price decreased drastically, dropping more than 20%. However, from the support level of $1621.480, by the end of 2022 into 2023, the buyer received the […]
Market Analysis – March 8 USDCAD has violated the bearish trendline on the daily chart. The market direction has changed to bullish. The buyers are flexing their muscles after a long period of continuous price decline. USDCAD Key Levels Support Levels: 1.3520, 1.3280, 1.2980 Resistance Levels: 1.3880, 1.4000, 1.4100 USDCAD Long-term Trend: Bullish USDCAD Buyers […]
The Turkish lira just can’t seem to catch a break! The currency hit yet another record low against the dollar, trading at 18.9620 on Thursday. The recent massive earthquakes and the upcoming presidential and parliamentary elections scheduled for May 14 are weighing heavily on investors’ minds. With the election fast approaching, Turkey must choose whether […]
In a world of financial uncertainty and market fluctuations, Thailand’s baht currency has found itself caught in a whirlwind of volatility. The Bank of Thailand, which acts as the watchdog of the country’s monetary policy, has stated that the baht is experiencing both ups and downs, in line with the movement of other regional currencies. […]
