Currencies

Technical analysis and Weekly forex forecasts about the most popular currency pairs.

GBP/USD Tests Resistance Near 1.3700 Amid Rising Inflation in the UK

GBP/USD Outlook: 21st January 2021 United Kingdom – Consumer Price Index On Wednesday, at GMT 7:00 a.m., the UK’s Office for National Statistics released the year-over-year Consumer Price Index (CPI). It measures the changes in the price of goods and services acquired by consumers.  The CPI basically measures the inflation level in the economy. This […]

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EURUSD rises as “Janet Yellen” testimony awaits

EUR/USD

EURUSD rebounded in Tuesday morning trading in the European market, to trade above its lowest level in six weeks that it recorded yesterday. This recovery comes in light of the decline of the US dollar against most major currencies before the inauguration of “Joe Biden” as President of the United States. Markets are on the […]

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EURUSD is falling after the rise in US long-term bonds

EUR/USD

EURUSD Outlook: 8th January 2021 EURUSD remained in decline with the opening of the session on Friday in the European market at the end of the week’s forex trading, continuing its losses for the second consecutive. This decline came as a result of sales to reap profits after it achieved earlier this week The highest […]

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EUR/USD extends its gains to its highest level in two weeks

EUR/USD

EUR/USD extended its gains during trading today, Tuesday, in the European market, and recorded the third consecutive daily rise, reaching its highest level in two weeks. These expanded gains come from investors ’focus on buying high-risk currencies, as markets are optimistic about the trade agreement Between Britain and the European Union, in addition to the […]

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