List

The medium-term uptrend is still intact in the EURUSD pair. Lots of chaos has been prevailing in the market from the very beginning of the year 2016 which has been furthermore intensified in the month of September. The FED decided not to hike the interest rate currently which has given a sign of ease to EURO investor. Though there has been a slight indication for the rate hike in the month of December but researchers are assuming a strong bullish rally in the upward direction till the month of December. This scenario might even threaten the long-term bearish trend of this pair. Though the weakness of Dollar is clearly established in the forex market but investors are in fear due to the prevailing weakness of the EURO. The major news release of the US and European economy was pretty bad in this month which mitigated the weakness of the dollar to a great extent. The upcoming week starts with the German IFO Business Climate data which is most likely to come green. Followed by the dovish FOMC meeting a green data in the European economy will definitely fuel the price higher in the EURUSD pair.

More on SeekingAlpha

 

  Posts

1 2 3 10
February 1st, 2024

What is the best way to trade ETFs on the stock market?

There is no generalised answer regarding the best way to trade ETFs on the stock market. However, there are a […]

August 9th, 2023

Navigating the world of listed options 

Listed options trading can be a powerful tool for intermediate traders seeking to enhance their portfolio returns and manage risks. […]

August 1st, 2023

Choosing a suitable copy trading account: a comprehensive guide 

Copy trading has become increasingly popular for traders to access financial markets with minimal effort and time. For novice traders, […]

July 7th, 2023

Forex Trading vs. Stock Trading: The Ultimate Profit Battle

Ladies and gentlemen, welcome to the ultimate showdown: forex trading vs. stock trading. In one corner, we have the dynamic […]

June 21st, 2023

How to Choose the Best Forex Signals: A No-Nonsense Guide

So, you wanna dive into the exciting world of forex trading, huh? Well, let me tell you, it’s a wild […]

May 24th, 2023

How to Forex Trade for Beginners on Your Phone

Forex trading has become increasingly accessible, allowing beginners to participate in the global currency market using their smartphones. If you’re […]

December 28th, 2022

Advantages of using Iron Condors in option trading

An Iron Condor is a popular options trading strategy UK traders use that simultaneously holds four options contracts with different […]

July 3rd, 2022

6 benefits of CFD Trading

CFD trading is a popular way to trade the markets due to the many advantages it offers investors. Among these […]

May 26th, 2022

What does a long position denote in FX trading?

To go long in foreign exchange trading (forex)means to buy with the hope that the value of your purchase will […]

May 6th, 2022

Reasons why you want to Venture into Contract for Differences (CFDs) Trading

Contract-for-difference trading is gradually becoming a common alternative to conventional investing and understandably so because it can help you make […]