News

Forex News for 01 Mar, 2023

GBP/USD

The greatest loss in eight months, Japan’s preliminary industrial production fell 4.6% monthly compared to a projected 2.9% decline in January. Japan’s retail sales surged 6.3% higher year over year compared to an expected 4.2% increase and the previous 3.8% reading. Stronger indicators of a recovery in China, such as expanded airline schedules and traffic […]

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Forex News for 23 Feb 2023

EUR/USD

The FOMC members’ attempts to find a balance between averting a recession and keeping interest rates high enough to keep inflation under the Fed’s 2% target The FOMC intends to achieve a terminal rate of 5.6% in 2023, according to the dot plot.  Although the FOMC  members admitted that inflation has marginally decreased over the […]

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Forex News for 22 Feb, 2023

Forex News

Judo Bank’s manufacturing PMI in Australia rose to a two-month high of 48.9 in February. However, the bank’s services business activity PMI improved from 48.6 to 49.2 but remained in contraction for a fifth straight month. The data suggests that while the manufacturing sector is showing signs of recovery, the services sector is still struggling […]

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GBP/USD – Can Expect a Breakout Above $1.2150 for the Gbp/usd Pair

GBP/USD

Make sure to take these trades today itself precisely before 5 PM London time.  Risk: 0.75% per trade  Long Position Open these positions after a bearish price action reversal on hourly time frame, once price touches $1.1958, $1.2059 or $1.2071  Stop loss: place at 1 pip below the local swing low and move to break […]

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Forex News for 21 Feb, 2023

EUR/BTC

The Reserve Bank of Australia’s meeting minutes reveals a more hawkish slant in monetary policy since the Bank had previously discussed raising interest rates by 0.50%.  The minutes stated that additional increases were anticipated over the upcoming months and that the Interest rate was still at a low level.  The outlook for the Australian economy […]

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BTC/USD – The Bitcoin Pair May See a Bullish Breakout

Buy and Sell Signals With Technical Analysis

Bullish View Take profit: 26,000 Stop loss: 24,200 Timeline: 1 day Bearish view Sell stop: 24,240 Take Profit: 23,000 Stop Loss: 26,000  The weekend was quite good for Bitcoin hodlers as the price surged with a strong bullish breakout and recorded a 50% uptrend from the lowest price level this year. This also means that […]

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Forex News for 20 Feb, 2023

EUR/USD

The RBNZ is expected to raise rates this week while the FOMC meeting minutes could confirm the likelihood of the return of 50bps rate hikes. A new set of PMI reports from the U.S, Australia, Japan, and Europe should also give clues on the pace of global economic recovery. Global PMI reports – This week’s […]

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AUD/USD – The Pair Under Pressure and Giving Strong Bearish Signals

https://www.dropbox.com/s/1n2r7l85uutezv/AUD.jpg?dl=0

Short Position Take profit: 0.6750 Stop loss: 0.6950 Timeline: 1-2 days Long position Buy stop: 0.6900 Take Profit: 0.7000 Stop Loss: 0.6800 The AUD/USD pair has been under pressure and fell to its lowest point since January 6th. Once the pair descended below the 50-period Moving Average, we could see on the charts that it […]

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