Forex Trading News

Turkey’s Currency Crisis of 2021

Turkey’s central bank cut rates by 100bps in November 2021, which was expected by the market and Bloomberg consensus. However, given Turkey’s economics fundamentals, the rates cuts were not necessary, leading the country to another currency crisis.     Why did markets throw a tantrum? They didn’t want the CBRT (Turkey’s central bank) to cut […]

Aussie – Bears Are In Control Pushing Prices Lower

The AUDUSD currency pair on the 4 – Hour Chart has been in a downtrend since 29 October 2021 when it registered the high price at 0.75543, followed by a series of lower tops and lower bottoms. On 24 November 2021, the Aussie recorded the low price of 0.71829. Bearish Trend The price is currently […]

The US Dollar Starts Gaining Value Against Pound Sterling

The Pound Sterling on the 4-Hour Chart has been trending upward since 29 September 2021, having found resistance at the 1.38340 level on 20 October 2021. The attractive rate enticed bears who entered the market with short positions and as a result they have pushed the Pound Sterling to lower levels, following a pattern of […]

Bears Continue To Take Control Of Swissy

The USDCHF currency pair on the Daily Chart has been in a downtrend since 30 September 2021 when it registered the high price at 0.93673 , followed by a series of lower tops and lower bottoms. On 25 October 2021, the USDCHF pair recorded the low price of 0.91490. Technical Indicators When applying Oscillator Analysis […]

Aussie Is Ready For A Bullish Reversal

The AUDUSD pair on the Daily Chart has been on a downtrend since 10 May 2021, having found support on 20 August 2021 at 0.71053. The price attracted bulls who entered the market with long positions and as a result they have pushed the Aussie to higher levels, following a pattern of Non-Failure Swing after […]

How to Trade the Credit Impulse

The credit impulse has been given a lot more attention over the past several years as a potential variable to include as part of a tactical asset allocation strategy. Traders have long known that credit creation is a big factor in what determines prices. The price of anything is the amount of money and credit […]

Loonie Gaining Upper Hand Against US Dollar

The USDCAD currency pair on the Daily Chart has been following an upward path since 1 June 2021, having found support at the 1.20056 level. The exchange rate has reached its peak at 1.29477 on 20 August 2021, the high level encouraged bears to enter the market with short positions and as a result, the […]

Are Euro Bears Running Our Of Steam?

The Dollar is back in favour once again as investors begin to ponder the interest rate differentials now building between the US unit and the Euro. There now appears to be signs of the US Fed preparing the ground for an asset purchase taper, as the economic rebound post-pandemic grows in strength, whereas the Eurozone […]

Pound Sterling Pushed Higher By Bulls GBPUSD

The GBPUSD currency pair on the 4-Hour Chart has been following a downward path since 14 September 2021, having found resistance at the 1.39121 level. The formation of the Japanese candlestick reversal pattern known as Bearish Engulfing signalled the very beginning of the downward bias. The attractive price enticed investors who entered the market with […]

A Technical Reversal To The Downside For EURJPY

The EURJPY currency pair on the 4-Hour Chart has been following an upward path since 19 August 2021, having found support at the 127.92 level. The formation of the Japanese candlestick reversal pattern known as Bullish Hammer signalled the very beginning of the upward bias. The attractive price enticed bulls who entered the market with […]

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