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AUDCAD Under Negative Pressure – Forecast for December 23, 2024
The AUDCAD currency pair has recently encountered significant resistance near the 0.9100 level, which has contributed to a continuation of negative momentum. This resistance,...
GBP/USD Forecast Update – December 20, 2024
The GBP/USD currency pair has found solid support at the previously breached resistance of the bearish channel, which suggests the potential for a continuation...
GBPCAD Resumes Bullish Correction – Forecast for Today (18-12-2024)
The GBPCAD has resumed its bullish correction, recently surpassing the 1.8110 barrier. This move formed a double bottom pattern, reinforcing the continuation of the...
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EURJPY Encounters Strong Resistance – Forecast for December 17, 2024
The EURJPY pair has halted its recent bullish momentum after hitting a significant resistance at 162.40. This...
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EUR/JPY Forecast – December 16, 2024
The EUR/JPY pair has successfully surpassed the 161.10 resistance level last Friday, achieving additional gains by reaching...
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GBP/USD Forecast – December 16, 2024
The GBP/USD pair has shown weak price action today, stabilizing around the $1.2635 level. The bearish trend...
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Dollar strengthens, euro slips into mild recession
On Thursday (June 30), the EURUSD opened at 1.0440 and closed at 1.0442 yesterday. As of now, the highest has touched 1.0447 and the...
Asian currency turmoil, manufacturing support yuan
Today on Thursday (June 30), the US dollar and RMB opened at 6.6997, and closed at 6.6997 yesterday. As of now, the highest touched...
Euro will struggle to find support
On Thursday (June 30), the EURUSD opened at 1.0440 and closed at 1.0442 yesterday. As of now, the highest has touched 1.0447 and the...
The Fed may raise interest rates by 75 basis points in July
Today on Wednesday (June 29), the US dollar opened at 104.5 and closed at 104.5 yesterday. As of now, the highest has touched 104.52...
The trend is stalemate. Will the dollar break out this week?
Today on Tuesday (June 28), the US dollar opened at 103.95 and closed at 103.96 yesterday. As of now, the highest has touched 104.02...
The US refers to the 104.30 area to suppress the shock rise in Europe and the United States
Today on Tuesday (June 28), the EURUSD opened at 1.0582 and closed at 1.0581 yesterday. As of now, the highest has touched 1.0586 and...
If the economy cannot be improved, the pound will still be difficult to rise
Today on Tuesday (June 28), the GBPUSD opened at 1.0065 and closed at 1.22671 yesterday. So far, the highest has touched 1.2280 and the...
Factors affecting the exchange rate of the pound
In the international foreign exchange market, the pound occupies an important speculative share among the eight major international currencies . To speculate on the...
What is the unit of pound sterling?
The unit of sterling is pounds and pence. The symbol of pound £ is derived from the digit name libra poundo, which is formed...
What are the characteristics of the British pound currency
What are the characteristics of the British pound currency: The main features of sterling banknotes can be briefly summarized as follows: Currency name: British Pound (POUND,...
What are the denominations of British pounds?
The British pound is the standard currency of the United Kingdom and is issued by the Bank of England, which was established in 1694....
What are the principles for foreign exchange investment to increase positions?
Golden Investment Foreign Exchange Network January 12th , in the process of investing in foreign exchange , it is inevitable to encounter the situation...