Nichol
He liked
USD/INR extends recovery, all eyes on US GDP data
Indian Rupee trades with mild negative bias on Thursday. The INR’s downside might be capped, owing to a further decline in crude oil prices. Market players will closely monitor the US preliminary GDP growth number for the first quarter (Q1). Indian Rupee (INR) extends its downside on Thursday despit
He liked
BoE's Pill suggests rate cut not imminent, despite progress
On Tuesday, Huw Pill, Chief Economist at the Bank of England, remarked that while the passage of time and the absence of negative inflation news had brought interest rate cuts closer, they were still not imminent. Investors scaled back their expectations for a rate cut by the Bank of England in the
He liked
He liked
He liked
He liked
He liked
He liked
Euro edges higher, ECB eyes June cut
Euro recovers after dip The euro fell as much as 0.30% earlier but has recovered and edged higher. In the North American session, EUR/USD is trading at 1.0666, up 0.21%. The euro remains under pressure from the strong US dollar. Last week, EUR/USD fell 1.8% and dropped as low as 1.0601 this week, it
He liked
He liked
Canadian Dollar recovery stalls on strong US data, hawkish Fedspeak
Upbeat US data and hawkish comments by Fed’s Williams throw a spanner on Canadian Dollar’s recovery US Initial Jobless Claims and housing data endorse belief in strong labor market, hot inflationary trends. USD/CAD pullback is losing steam right above 1.3730 support area. The Canadian Dollar (CAD) i
He liked
Is Forex Trading Right for You?
Briefly explain what forex trading is.Highlight the risks involved in forex trading.Mention the importance of education and learning about technical and fundamental analysis.State that you offer forex account management services (but don't guarantee profits or recovery of losses).Include a call to a
He liked
NZD/USD Price Analysis: Downward trend likely to continue despite indicators recovering
The RSI on the daily chart lies deep in negative terrain but recovered. The hourly RSI paints a growing buying momentum, trending the positive territory. The MACD on both charts signals a less intense selling momentum. The NZD/USD stands recovered to 0.5919, it seeing 0.60% gains. The dominant senti
Pull-up Update