March 24 2023 🕓 3 min
USD/JPY plunges toward 130; more losses likely
The bearish pressure is expected to continue as there is little support for the USD at the moment.
Market Movers
March 24 2023
Nasdaq to offer crypto services in Q2
Nasdaq is about to launch crypto custody services in the second quarter of this year. Nasdaq is reportedly moving forward to get all the necessary technical setup and regulatory approvals ready.
March 24 2023
The EU stock market in red due to banks
The European stock market was brought down by the banking sector. DAX fell 2% due to ongoing fears that another bank will crash. Deutsche Bank is down 15%, while UBS along with Credit Suisse both lost around 6%. Other notable industry players like BNP Paribas and Commerzbank suffered losses as well.
March 24 2023
Bitcoin reportedly entered a supercycle
Bitcoin appears to be entering a new bullish “supercycle,” according to Bloomberg senior analyst Mike McGlone. He claims Bitcoin is the best-performing asset in 2023, increasing its price “nearly 10 times” as much as gold.
May 11 2021 🕓 3 min
USD/JPY statistical and technical analysis
The current price of the USD/JPY exchange rate is 108.63 (May 11, 2021). The pair has returned to an important zone in recent weeks. It is currently still traded there. Let us therefore look now at statistical and technical analyzes.
May 4 2021 🕓 3 min
GBP/USD statistical and technical analysis
The current price of the GBP/USD exchange rate is 1.3885 (May 04, 2021). This pair bounced back from an important short-term level (1.3800) yesterday. Therefore, we will look at statistical and technical analyzes.
April 28 2021 🕓 3 min
EUR/USD statistical and technical analysis
The current price of the EUR/USD exchange rate is 1.2118 (April 28, 2021). Today, we have witnessed speeches by the two most important presidents of central banks. Lagarde for the ECB and Powell for the Fed. Let us therefore look at statistical and technical analyzes.
April 21 2021 🕓 3 min
NZD/USD statistical and technical analysis
The current price of the NZD/USD exchange rate is 0.7170 (April 20, 2021). This pair is currently trading close to an important level. The New Zealand dollar is highly correlated with commodities. Let’s look at statistical and technical analysis.
April 13 2021 🕓 3 min
AUD/USD statistical and technical analysis
The current price of the AUD/USD exchange rate is 0.7624 (April 13, 2021). This pair slightly corrected its longer-term upward trend last month. The Australian Dollar is highly correlated with commodities. It is currently trading close to an important level this year. Therefore, we will look at statistical and technical analyzes.
April 7 2021 🕓 3 min
USD/CAD statistical and technical analysis
The current price of the USD/CAD exchange rate is 1.2621 (April 07, 2021). This pair has slightly corrected its longer-term declining trend in recent months. The Canadian Dollar is a commodity currency and the rising price of oil may be one of the main reasons for the long downward trend. Let’s look at statistical and technical analyzes.
March 30 2021 🕓 2 min
USD/CHF statistical and technical analysis
The current price of the USD/CHF exchange rate is 0.9422 (March 30, 2021). This pair has rebounded dynamically in recent months. The last week is no exception. Therefore, we will look at statistical and technical analyzes.
March 23 2021 🕓 3 min
USD/JPY statistical and technical analysis
The current price of the USD/JPY exchange rate is 108.75 (March 23, 2021). This pair has rebounded dynamically in recent months. However, it is currently in the stabilization phase. What could be the next move? It will also depend on fundamental data in global financial market because the Japanese yen is a kind of “safe heaven” for investors. Let’s now look at statistical and technical analyzes.
March 16 2021 🕓 2 min
GBP/USD statistical and technical analysis
The current price of the GBP/USD exchange rate is 1.3895 (March 16, 2021). This pair has rebounded from an important short-term level today. Therefore, we will look at statistical and technical analyzes.
March 9 2021 🕓 2 min
EUR/USD statistical and technical analysis
The current price of the EUR/USD exchange rate is 1.1901 (March 09, 2021). The decline of this pair has slowed down today, and we will look at statistical and technical analysis.
March 4 2021 🕓 4 min
Fundamental vs. Technical analysis
The investors and traders have made good wealth in the stock market in the past few years. Therefore, more and more people are taking interest and participating in the share market. In fact, the traders and investors follow different methodologies while investing or trading. There are two methodologies in the stock market; fundamental analysis and technical analysis. Both the methodologies are very different from each other.
March 4 2021 🕓 8 min
Major currency pairs in Forex trading
Exchange rates on the foreign exchange market are constantly being taken from currency pairs. Not all currencies in the world are traded worldwide, there are several countries whose currencies are traded more. These are countries that are both politically and economically stable. Currency pairs are almost the same amount as Forex in the world, but only a few are called major currency pairs.