EUR/USD Falls to Multi-Week Low: Multiple Factors Involved: The EUR/USD currency pair has recently fallen to a multi-week low due to a mix of economic and political influences. These have strengthened the US dollar while weakening the Euro. A key...
The Euro (EUR) took a hit against the US Dollar (USD) last Friday, closing at 1.0820 on the New York Stock Exchange. This decline came after positive US employment data for May surprised analysts. The report revealed a stronger-than-expected labor...
AUD/USD Drops to Around 0.6580 in Early Asian Trading: Early on Friday in the Asian trading session, the Australian Dollar (AUD) fell against the US Dollar (USD), with the exchange rate settling near 0.6585. Several important factors influenced this...
Retrace waves in Elliott wave theory Furthermore, wave probes show perpendicular waves as opposed to those occurring in perceptual and perpendicular wave systems. These are the main ones: There are 2 waves and 4 waves in the impulse wave. Wave B is...
GBP/USD ANALYSIS. We should dive into the ongoing value conduct of the GBP/USD money pair. The pair crossed the bullish buy level at 1.2778 earlier this week, indicating a possible upward trend. Answering this sign, I bought GBPUSD, determining an...