AUD steadies as attentions turn to US payroll data ahead of RBA next week
Thursday, February 6,2025,19:00
AUD - Australian dollar The Australian dollar tracked within a narrower range through Thursday edging marginally lower on the day. With little of note on the domestic docket and little new news surrounding US/China trade talks, the AUD bounced between US$0.6255 and US$0.6288. Having recovered losses suffered through Monday following the US administrations issuance of a 10% tariff on Chinese exports, our attentions remain squarely affixed to ongoing negotiations in determining direction moving forward. US tariff and monetary policy will be the key drivers of AUD direction through Q1 and a tapering in tensions could help fuel a broader AUD recovery, while an escalation will likely see the c... .. read more..
GBP/USD: Minus 25 Points and Dovish Messages – Bank of England Delivers Its V...
Thursday, February 6,2025,17:34
The pound reacted negatively to the results of the Bank of England's February meeting. The GBP/USD pair fell sharply by more than 100 pips, nearing the support level of 1.2350. This level coincides with the middle line of the Bollinger Bands indicator and the Kijun-sen line on the daily chart. Although sellers were unable to breach this price barrier decisively, bearish sentiment for the pair remains strong. This decline occurs despite the US dollar index being under pressure on Thursday, following mixed JOLTs and ADP reports, along with a decrease in the ISM business activity index in the services sector. Therefore, the downward movement of GBP/USD is primarily due to the weakening of th... .. read more..
Euro Won't Drag Its Feet
Thursday, February 6,2025,17:33
While Donald Trump fuels discussions with tariffs, central banks are actively working towards maximum transparency in financial markets. By the end of the week, specifically on February 7, the European Central Bank will release its assessment of the neutral rate—an ideal rate that neither restrains nor stimulates economic growth. This so-called "sweet spot" is the ultimate goal for any central bank, providing valuable insight for EUR/USD traders. The hawks of the Governing Council, including the influential German member Isabel Schnabel, argue that the ideal range for the deposit rate has recently risen and now falls between 2% and 3%. In contrast, the doves advocate for a rate below 2%. ... .. read more..
Yen hits 8-week high; sterling drops after Bank of England rate cut
Thursday, February 6,2025,17:00
The yen touched an eight-week high versus the dollar on Thursday after a Bank of Japan policy board member advocated continued interest rate hikes, while sterling slid as the Bank of England cut rates. The pound fell 0.8% to $1.24065 after the Bank of England cut interest rates as expected, but forecast higher inflation and ... .. read more..
If Trump gets heavy with Powell, dollar won’t like it
Thursday, February 6,2025,17:00
The dollar could be negatively impacted if U.S. President Donald Trump turns up the heat on Jerome Powell through the remainder of his tenure at the Federal Reserve. U.S. Treasury Secretary Scott Bessent told Fox Business Network on Wednesday that, while Trump wanted lower interest rates, he would not ask the Fed to cut. A ... .. read more..
U.S. Dollar Gives Back Ground But Remains Modestly Higher
Thursday, February 6,2025,16:39
After seeing some strength early in the day, the value of the U.S. dollar has given back ground over the course of trading on Thursday. .. read more..
US Dollar Index (DXY) and the NFP Jobs Report: What to Expect
Thursday, February 6,2025,16:37
Consensus forecasts predict an increase of 169,000 jobs, with the unemployment rate expected to remain at 4.1%. Strong numbers (over 190,000 jobs) could strengthen the dollar, while weak numbers (less than 135,000 jobs) could weaken it. (DXY) currently has support levels around 107.00, 106.13, and 105.76, and resistance levels at 108.00, 108.49, and 109.52. Most […] .. read more..
The number 20 is important in technical analysis, and for some reasons.
Thursday, February 6,2025,14:42
The Magic Number 20 in Technical Analysis: A Hidden Hint to Market Behavior Technical analysis is filled with numbers, patterns, and sequences that traders rely on for identifying trends, reversals, and breakouts. But among these, one number stands out repeatedly: 20. From moving averages to Donchian Channels, Bollinger Bands, and even the way market participants perceive support and resistance, the number 20 plays a crucial role in price action and market structure. And as seen in the case of NVIDIA (NVDA), 20-week support recently played a critical role in the stock’s rebound. Why is the Number 20 So Important? The prominence of 20 in technical analysis is not a coincidence. There are s... .. read more..
Bank of England cuts rates, British pound slips
Thursday, February 6,2025,12:12
The British pound is sharply lower on Thursday. In the North American session, GBP/USD is trading at 1.2434, down 0.56% on the day. The pound fell as much as 1.1% but has pared around half of the losses. BoE trims rates by 0.25% The Bank of England (BoE) lowered interest rates by 0.25% at today’s […] .. read more..
Breaking the norm: Meta stock on epic 14-Day winning streak
Thursday, February 6,2025,12:06
Strong trends are Fast Directional, and Tend to go farther than what traders expect. Shares of Meta are exhibiting a strong upward trend, currently working on their 14th consecutive day of gains, marking a record for the stock. While this remarkable streak might suggest overbought conditions, recent trading action indicates a breakout above the upper boundary of a topside channel trendline. This breakout signals continued bullish momentum, making it unwise to attempt to pick a top just yet despite the extended rally. The breakout level, around $705, now serves as a key support zone. As long as the price remains above this level, the bullish bias stays firmly in favor of buyers. Today, Met... .. read more..
U.S. Weekly Jobless Claims Rise More Than Expected To 219,000
Thursday, February 6,2025,11:05
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended February 1st. The report said initial jobless claims climbed to 219,000, an increase of 11,000 from the previous week's revised level of 208,000. .. read more..
GBPUSD bounces after the BOE rate cut news runs its course
Thursday, February 6,2025,10:52
The GBPUSD experienced steady declines during the Asian session and ahead of the BOE rate decision. The Bank of England cut rates by 25 basis points, as widely expected, but the fact that two members voted for a more aggressive 50 basis point cut added to the bearish sentiment. This pushed the pair lower into a swing area between 1.23515 and 1.23759, where buyers found support and started to reverse the downward momentum. The recovery gained traction, with the pair climbing towards the 100-hour moving average at 1.24269 and the 200-hour moving average at 1.24356, which now serve as key resistance levels. These technical levels are critical short-term barometers, and sellers are expected t... .. read more..
Accumulative Swing Index (ASI)
Thursday, February 6,2025,10:26
The Accumulative Swing Index (ASI) is a technical analysis indicator that assists traders and investors in determining trend direction, spotting breakouts of support and resistance levels, and forecasting price changes. Developed by J. Welles Wilder Jr, the ASI aggregates price fluctuation data to provide a clear picture of an asset's overall performance. The ASI is widely used to confirm price signals and proves to be advantageous for both short-term and long-term trading strategies. This technical indicator helps traders to improve their strategy by pinpointing market entry and exit points. Let's explore how it functions and what opportunities it presents. Major... Read full author’s op... .. read more..
GBP/JPY Mid-Day Outlook
Thursday, February 6,2025,10:18
Daily Pivots: (S1) 189.81; (P) 191.31; (R1) 192.31; More… GBP/JPY’s fall from 198.94 resumed by breaking through 189.31 support and intraday bias is back on the downside. Current development argues that corrective pattern from 180.00 might have completed. Break of 188.07 support will solidify this case and target a retest on 180.00. On the upside, […] The post GBP/JPY Mid-Day Outlook appeared first on Action Forex . .. read more..
U.S. Labor Productivity Growth Slows More Than Expected In Q4
Thursday, February 6,2025,10:15
A report released by the Labor Department on Thursday showed U.S. labor productivity and unit labor costs both increased by less than expected in the fourth quarter of 2024. The Labor Department said labor productivity climbed by 1.2 percent in the fourth quarter after surging by an upwardly revised 2.3 percent in the third quarter. .. read more..
EUR/GBP Mid-Day Outlook
Thursday, February 6,2025,10:14
Daily Pivots: (S1) 0.8303; (P) 0.8320; (R1) 0.8335; More… EUR/GBP’s break of 0.8353 resistance argues that fall from 0.8472 has completed at 0.8290. Intraday bias is back on the upside for 0.8472 resistance. Firm break there will resume the rebound from 0.8221. On the downside, break of 0.8290 will target a retest on 0.8221 low. […] The post EUR/GBP Mid-Day Outlook appeared first on Action Forex . .. read more..
USDCHF rebounds after basing at swing area support yesterday/today.What next ...
Thursday, February 6,2025,09:50
The USDCHF spiked higher on Monday but then began a steady descent through Tuesday and Wednesday. Yesterday's low tested a key swing area between 0.8997 and 0.9011, where selling momentum slowed, and price action consolidated. In today's early Asian session, the price failed to break below yesterday's low, prompting a shift from sellers to buyers, leading to a move higher. The price has now reached a swing area near 0.9058, serving as a short-term barometer ahead of key resistance levels: the 200-hour moving average at 0.9069 and the 100-hour moving average at 0.9081, which also coincides with the 50% retracement of the January 24 upswing. A move above these levels would strengthen bullis... .. read more..
USD/JPY Mid-Day Outlook
Thursday, February 6,2025,09:43
Daily Pivots: (S1) 151.66; (P) 153.06; (R1) 154.00; More… Intraday bias in USD/JPY remains on the downside as fall from 158.86 is in progress. Strong support is still expected from 38.2% retracement of 139.57 to 158.86 at 151.49 to contain downside. On the upside, firm break of 153.70 minor resistance will turn intraday bias back […] The post USD/JPY Mid-Day Outlook appeared first on Action Forex . .. read more..
Trading Signals for BITCOIN (BTC/USD) for February 6-8, 2025: sell below $100...
Thursday, February 6,2025,09:42
Bitcoin is trading around $98,360, bouncing below the downtrend channel forming since January 21 and below the 200 EMA with a bullish bias, but it could be facing a strong resistance around the psychological level of $100,000. If Bitcoin reaches 8/8 Murray or the 200 EMA in the next few hours, it will be seen as a signal to sell, as technically, we could be reaching a strong resistance. If the price of Bitcoin falls below the area around 100,500, it will be seen as a signal to sell with targets at 93,750. Finally, the price could slump to 85,810, which coincides with the bottom of the downtrend channel. On the contrary, if Bitcoin consolidates above the 8/8 Murray, we can expect a bullish... .. read more..
US Employers Cut 28% More Jobs In January: Challenger Report
Thursday, February 6,2025,09:40
Employers in the U.S. slashed more jobs in January compared to December, but the figure was the lowest recorded for the month in three years, the latest monthly report from the global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc showed on Thursday. .. read more..
Trading Signals for GOLD for February 6-8, 2025: sell below $2,868 (+2/8 Murr...
Thursday, February 6,2025,09:39
Early in the American session, gold is trading within the bullish trend channel forming since January 20th and below +2/8 Murray. This area around 2,890 represents a strong resistance. Currently, the bullish force is exhausted, but after a technical rebound around 2,850, gold could rise again to reach 2,890. If the gold price consolidates below 2,868, we could expect it to continue falling in the next few hours until it reaches +1/8 Murray located at 2,851. The price could even reach the bottom of the uptrend channel that coincides with 8/8 Murray around 2,812. On the other hand, we should be careful if the gold price breaks and consolidates above 2,870. This could mean a further bullish ... .. read more..
USD/CHF Mid-Day Outlook
Thursday, February 6,2025,09:38
Daily Pivots: (S1) 0.8992; (P) 0.9028; (R1) 0.9054; More… USD/CHF is staying in consolidation from 0.9200 and intraday bias stays neutral. Outlook will remain bullish as long as 0.8956/64 support holds. Firm break of 0.9200/9223 will resume the whole rally from 0.8374 and carry larger bullish implication. However, sustained break of 0.8964 will complete a […] The post USD/CHF Mid-Day Outlook appeared first on Action Forex . .. read more..
Bank Of England Cuts Rate By 25 Bps, Sees Modest Growth In Q1
Thursday, February 6,2025,09:37
The Bank of England lowered its key interest rate by a quarter-point as widely expected on Thursday but two policymakers sought a bigger reduction citing the sluggish U.K. economy and the heightening uncertainty over trade tariffs. The Monetary Policy Committee, led by Governor Andrew Bailey, voted 7-2 to reduce the benchmark bank rate to 4.50 percent from 4.75 percent. .. read more..
Trading Signals for EUR/USD for February 6-8, 2025: sell below 1.0385 (21 SMA...
Thursday, February 6,2025,09:36
On Friday, the US Nonfarm Payrolls data will be released. So, EUR/USD is expected to encounter strong volatility and we could expect it to climb 1.0171 in case the data is negative for the United States. On the contrary, if the data is positive, we could expect the euro to drop to the psychological level of 1.0500 and even reach 3/8 of Murray around 1.0620. If the euro trades below 1.0450 in the next few hours, it will be seen as a signal to continue selling with targets at 1.0253 and 1.0170. As long as the instrument is trading within the downtrend channel, any technical bounce will be seen as a signal to sell. The Eagle indicator is giving a negative signal, so it makes sense to continu... .. read more..
EUR/USD Mid-Day Outlook
Thursday, February 6,2025,09:36
Daily Pivots: (S1) 1.0368; (P) 1.0405; (R1) 1.0440; More… Intraday bias in EUR/USD stays neutral as consolidation from 1.0176 continues. Strong resistance is expected from 1.0531 to limit upside. On the downside, break of 1.0176 will resume whole fall from 1.1213. However, sustained break of 1.0531 will rise the chance of bullish reversal and turn […] The post EUR/USD Mid-Day Outlook appeared first on Action Forex . .. read more..
USDCAD settles after fireworks at the start of the week. Price back in famili...
Thursday, February 6,2025,09:16
The USDCAD has begun to stabilize following last week's and this week's significant volatility. The price initially surged higher on Monday, reacting to news of a 25% tariff announcement over the weekend. Mexico quickly negotiated a 30-day deal to meet President Trump's requirements, followed by Canada taking similar steps, which triggered a sharp reversal in the USDCAD. The momentum carried into yesterday, with the price dropping below the "Red Box" range—a range that defined trading from December through most of January. However, sellers failed to push the price below a key swing target between 1.4260 and 1.4270, prompting buyers to step in and drive the price back into the "Red Box," s... .. read more..
GBP/USD Mid-Day Outlook
Thursday, February 6,2025,09:14
Daily Pivots: (S1) 1.2462; (P) 1.2506; (R1) 1.2548; More… GBP/USD dips notably today but stays above 1.2248 support and intraday bias remains neutral. While corrective rebound from 1.2099 could still extend, upside should be limited by 38.2% retracement of 1.3433 to 1.2099 at 1.2609. On the downside, break of 1.2248 support will bring retest of […] The post GBP/USD Mid-Day Outlook appeared first on Action Forex . .. read more..
18 Best Forex Expert Advisor Services
Thursday, February 6,2025,08:58
An Expert Advisor is an automated software that opens trades according to an algorithm embedded in its code. Algorithmic Forex trading helps savvy traders reduce their workload, save time, and increase profitability. However, it can quickly deplete your deposit if misused. A trading robot is an assistant that allows you to optimize manual trading systems and combine their advantages into a single algorithm. This article provides a brief overview of the best Expert Advisors in the Forex currency market. If you follow the guidelines and check your EA periodically, it can bring profitability of 10-15% per month. The article also... Read full author’s opinion and review in blog of #LiteFinance .. read more..
S&P 500 Forecast & Predictions for 2025, 2026, 2027–2030 and Beyond
Thursday, February 6,2025,08:40
The S&P 500 Index has long been regarded as a reliable barometer of US economic health, and its forecasting is a critical component of strategic decision-making for institutional and retail investors. The index is influenced by a myriad of evolving factors, including the introduction of new technologies, shifts in global trade relations, and the advancement of world economies. Given the volatility of financial markets, predicting the S&P 500 index's performance for 2025, 2026, 2027, and beyond necessitates a comprehensive analysis of numerous factors, ranging from macroeconomic data to corporate reports. This review analyzes key trends and factors that shape the... Read full author’s opin... .. read more..
Video analysis for February 06, 2025
Thursday, February 6,2025,08:37
Potential for the downside movement in Gold The material has been provided by InstaForex Company - www.instaforex.com .. read more..
The BOE has a dovish cut leading the GBPUSD lower. What are the technicals sa...
Thursday, February 6,2025,08:20
In the kickstart video above, I take a look at three of the major currency pairs the EURUSD, USDJPY and GBPUSD. The USD is mostly higher today (exception is the USDJPY with a modest decline) , after declines yesterday vs the major currency pairs. The GBPUSD is the biggest mover (USD up by around 1%) after its interest rate decision today. The Bank of England (BOE) announced a cut of the bank rate by 25 basis points to 4.50%. The decision was unanimous (9-0), contrary to expectations of an 8-1 vote, with Dhingra and Mann supporting a larger 50 bps cut. The BOE remains cautious about inflation while signaling a gradual approach to policy adjustments. Key Takeaways: Rate Decision: Bank rate ... .. read more..
Bank of America (BAC) Stock Forecast for 2025, 2026, 2027–2030 and Beyond
Thursday, February 6,2025,08:20
Bank of America (BAC) holds a significant position in the stock market, serving as a barometer of the US banking sector's performance. Representing one of the world's largest financial institutions, Bank of America has always attracted investors due to its consistently strong financial performance and capacity to adapt to evolving economic conditions. This article reveals how prevailing macroeconomic trends and US monetary policy shape the BAC's stock price. It also analyses the key factors that may affect the Bank of America stock and offers forecasts for the coming years, providing insights that will help you assess whether BAC shares are... Read full author’s opinion and review in blog... .. read more..
U.S. Stock Market Faces a Difficult Year
Thursday, February 6,2025,08:18
According to a JPMorgan Chase & Co. study, this week's turmoil in global financial markets, triggered by a series of U.S. tariff announcements and trade restrictions, appears to mark the beginning of an unstable year. The bank's annual survey indicates that the biggest market drivers in 2025 will be inflation and protectionist tariffs, followed by geopolitical tensions. Around 41% of respondents cited volatility as the most pressing daily trading challenge, compared to 28% last year. In 2025, inflation is expected to continue exerting significant pressure on global markets. Countries facing rising inflation rates will be forced to tighten economic policies—including raising or maintai... .. read more..
Cryptocurrency Market Trading Recommendations for February 6th (U.S. Session)
Thursday, February 6,2025,08:14
Bitcoin made an attempt to break through a major daily resistance level, but after an active move around $99,000, it failed to secure its position above it. Meanwhile, Ethereum remains within a sideways range and, for now, appears likely to continue consolidating. While everyone is waiting for Bitcoin to rally and for the cryptocurrency market to move upward, some research firms are already speculating on how Bitcoin would react if the U.S. government established a strategic Bitcoin reserve. Katalin Tischhauser, head of investment research at Sygnum, believes that a $1 billion Bitcoin purchase by such a strategic reserve could trigger a supply shock and increase the market capitalization ... .. read more..
USD/JPY: Simple Trading Tips for Beginner Traders on February 6th (U.S. Session)
Thursday, February 6,2025,08:09
Analysis of Trades and Trading Recommendations for the Japanese Yen The 152.85 price test earlier today coincided with the MACD indicator moving significantly above the zero mark and remaining in the overbought zone for an extended period. This, combined with divergence, confirmed a strong selling opportunity for USD/JPY, aligning with the ongoing downtrend observed in recent days. As a result, the pair declined by more than 30 points. The next key event is the upcoming U.S. labor market data. If initial jobless claims remain at the same level as the previous week, it is unlikely to attract much attention from economists and traders. A stable labor market despite economic uncertainty coul... .. read more..
USD/TRY Forecast: Lira Stabilization Expected After Treasury's First Dollar B...
Thursday, February 6,2025,08:09
The Turkish lira stabilizes as the government issues its first dollar bonds of 2025, while USD/TRY remains in an upward trend, targeting resistance at 36.25. .. read more..
GBP/USD: Simple Trading Tips for Beginner Traders on February 6th (U.S. Session)
Thursday, February 6,2025,08:05
Analysis of Trades and Trading Recommendations for the British Pound The 1.2473 price test occurred when the MACD indicator had already moved significantly downward from the zero mark, limiting the pair's downward potential. For this reason, I did not sell GBP/USD and missed the entire downward move. Weak data from the UK construction sector PMI quickly erased any hope for a correction after yesterday's sell-off. Investor uncertainty worsened the situation, especially ahead of the Bank of England (BoE) meeting, where an interest rate cut is widely expected. This, in turn, could lead to further GBP/USD weakness. Apart from the BoE decision, the U.S. labor market report will also play a rol... .. read more..
EUR/USD: Simple Trading Tips for Beginner Traders on February 6th (U.S. Session)
Thursday, February 6,2025,08:01
Analysis of Trades and Trading Recommendations for the Euro The 1.0380 price test occurred at a time when the MACD indicator had significantly dropped below the zero mark, limiting the downward potential of the pair. For this reason, I did not sell and missed the entire euro decline. I did not identify any other entry points. Despite positive signals from Germany, economic uncertainty in the eurozone continues to concern investors, who are closely monitoring future indicators. The increase in industrial orders in Germany failed to support the euro. However, today's decline in retail sales likely eased concerns about rising prices, which remains a major concern for the European Central Ban... .. read more..
Gold Analysis: Anticipating Profit-Taking Amidst Record Highs - 06 February 2025
Thursday, February 6,2025,08:01
Gold prices hit a record high of $2,882 per ounce, driven by rate cut expectations, geopolitical tensions, and economic uncertainty, with potential for further gains. .. read more..
EUR/USD Analysis: Downward Trend Strong - 06 February 2025
Thursday, February 6,2025,07:57
EUR/USD struggles to rebound as economic concerns, US tariffs, and ECB policy keep the pair in a strong downtrend, with traders awaiting US jobs data for direction. .. read more..
GBP/USD: Trading Plan for the U.S. Session on February 6th (Analysis of Morni...
Thursday, February 6,2025,07:56
In my morning forecast, I focused on the 1.2421 level and planned to make trading decisions based on it. Let's analyze the 5-minute chart and see what happened. The decline and false breakout at this level provided an opportunity to enter long positions, but at the time of writing, the price had not moved higher, prompting me to exit the positions. The technical outlook has been revised for the second half of the session. To open long positions in GBP/USD, you need: Extremely weak UK construction PMI data has increased pressure on the pound, and with the upcoming Bank of England (BoE) meeting, where a rate cut is highly expected, interest in buying GBP/USD remains low. The upcoming U.S. e... .. read more..
EUR/USD: Trading Plan for the U.S. Session on February 6th (Analysis of Morni...
Thursday, February 6,2025,07:51
In my morning forecast, I highlighted the 1.0368 level and planned to make trading decisions based on it. Let's analyze the 5-minute chart and see what happened. The break and retest of 1.0368 did not provide a valid entry point for selling the euro, as the pair moved only slightly below this level before stabilizing. As a result, I did not enter any trades. The technical outlook has been revised for the second half of the day. To open long positions on EURUSD, you need: Although today's German industrial orders data significantly exceeded economists' forecasts, weak Eurozone retail sales for December continued the downtrend observed since yesterday's second half of the session. The upcom... .. read more..
Gas and oil futures: analyzing current market shifts
Thursday, February 6,2025,07:47
The energy market is facing some turbulence. Natural gas futures rose during the US session on Wednesday. March natural gas futures on the New York Mercantile Exchange are trading at $3.26 per million British thermal units (MMBtu), up 0.15% from the previous sessions. During the session, the price peaked at $3.34 per MMBtu, with support set at $2.99, and resistance at $3.40. This indicates that the gas market remains quite active, despite the volatile factors at play. However, it is important to note that in the midst of these movements, the futures on the US dollar index, which reflects the value of the US currency against a basket of six major currencies, fell by 0.46% to settle at 107.... .. read more..
USD/JPY Analysis: Hits 2-Month Low - 06 February 2025
Thursday, February 6,2025,07:44
USD/JPY drops to a two-month low as the yen strengthens on BoJ tightening signals and risk-off sentiment, with traders awaiting US jobs data for further direction. .. read more..
GBP/USD Forecast: Tests Key Resistance - 06 February 2025
Thursday, February 6,2025,07:37
The British pound tests key resistance before the BoE rate decision, with upcoming statements and US jobs data likely to drive significant market volatility. .. read more..
Nasdaq Forecast: Holding Support - 06 February 2025
Thursday, February 6,2025,07:32
The NASDAQ 100 continues consolidating between key support at 21,000 and resistance at 22,000, with long-term bullish momentum driven by strong tech demand. .. read more..
EUR/USD Forex Signal: Rallies to 50 Day EMA - 06 February 2025
Thursday, February 6,2025,07:29
The euro surged to the 50-day EMA but faces strong resistance, with technical indicators and economic factors suggesting further downside potential. .. read more..
USD/CHF Forecast: Reaches 50 Day EMA - 06 February 2025
Thursday, February 6,2025,07:22
The US dollar has weakened against multiple currencies, including the Swiss franc, but with the 50-day EMA near 0.90 and Swiss rate cuts, value-seeking traders may look to buy. .. read more..
Rupee decline continues, drops 14 paise to close at new low of 87.57 against ...
Thursday, February 6,2025,07:21
Rupee pushed lower on weak domestic markets and importer demand for dollars .. read more..
USD/CAD Forecast: Tests 50-Day EMA - 06 February 2025
Thursday, February 6,2025,07:11
USD/CAD tests the 50-day EMA near 1.43, as traders await US and Canadian employment data to determine the pair's next direction. .. read more..