Forex Analysis
0Comments

EUR/USD Review – July 17

The EUR/USD currency pair traded very calmly on Thursday. On the 4-hour timeframe, it is clear that over the past three weeks, the euro has risen by only 140 pips. Thus, we have witnessed a prolonged correction, which will likely end with a new decline of the single European currency.
by Jay
Forex Analysis
0Comments

GBP/USD Review – July 17

The GBP/USD currency pair retraced slightly from the day-before highs but remains generally positioned for further growth. Over the past few weeks, the British currency has risen by 400 pips and is trading quite reasonably.
by Jay
Forex Analysis
0Comments

GBP/USD Review – July 16

The GBP/USD currency pair surged upward on Wednesday for no apparent reason. On Tuesday, the pound also exhibited volatility of more than 100 pips, which can be easily explained by a resonant inflation report. Traders expected U.S. inflation to slow to 3.8%, but the actual figure was 3.5%.
by Jay
Forex Analysis
0Comments

EUR/USD Review – July 16

The EUR/USD currency pair continued to trade within a narrow sideways channel on Wednesday, which is clearly visible on the 4-hour timeframe. On Tuesday, inflation data for June was released in the United States, and traders had high hopes.
by Jay
Forex Analysis
0Comments

GBP/USD Review – July 15

The GBP/USD currency pair also traded very cautiously on Tuesday, despite Kevin Warsh's speech, the publication of the U.S. inflation report, and a new escalation in the Middle East. In principle, each of these events can be viewed through different lenses by any trader or investor.
by Jay