According to Barclays analysts, the Mexican peso (MXN) might end 2023 at 19.00 vs the US dollar (USD) because of nearshoring advantages, properly funded public finances, and suitable moves by the nation’s central bank. If this forecast is realized, the peso-dollar exchange rate would decline by 4.15% from its present levels. Highlighting factors that could […]
GBPJPY Analysis – October 28 GBPJPY finally breaks Through the 167.810 resistance level. This comes after several testing of the resistance level and the adaptation to different strategies. This particular breakthrough for the market investors came after a major dip in the market on the 26th of September, but the coin recovered excellently to test […]
The Bank of Japan kept its ultra-low interest rates and dovish posture on Friday, which caused the Japanese yen to tremble. Meanwhile, the dollar battled to cling to its gains from the previous day as the anticipation of a change in outlook by the Federal Reserve grew. In the wake of the central bank’s decision, […]
USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade Analysis – October 27 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade buyers prepare for entry into the daily bullish order block. The USDJPY – […]
A day before the central bank is scheduled to convene to decide on interest rates, the Russian ruble (RUB) recorded some price gains in the early trading session on Thursday. In the mid-London session today, the ruble was up 0.4% against the dollar (USD) and was at 61.57 against the euro (EUR), both of which […]
USDCAD Analysis – October 26 USDCAD bears storm the market as the MACD heads downward. Though with obvious resistance, the bulls have been quite dominant in the market since June 1st, 2021. For over one year, the intention of the bulls to break the 1.2950 resistance could be seen as they tremendously hit it at […]
EURCHF Analysis – October 25 EURCHF breaks the 0.98360 market cap. The market has been reworking itself to recover from a disastrous spell that happened over a month ago in which the price plummeted to its lowest point ever. The buyers used the opportunity to formulate the market into an inverted head-and-shoulder chart formation. It […]
EURCHF Analysis – October 25 EURCHF breaks the 0.98360 market cap. The market has been reworking itself to recover from a disastrous spell that happened over a month ago in which the price plummeted to its lowest point ever. The buyers used the opportunity to formulate the market into an inverted head-and-shoulder chart formation. It […]
As Britain’s new Prime Minister, Rishi Sunak, convened his first cabinet meeting on Wednesday amid rumors that he could postpone the release of a plan to fix the nation’s public finances, the pound rose to six-week highs. Sunak came into office on Tuesday, promising to correct his predecessor’s errors and restore economic stability while warning […]
