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Overview of GBP/USD on November 8; Rates Lowered, Pound Rises—Why?
The GBP/USD pair rose on Thursday after the Bank of England lowered its key interest rate. Why did this happen, and why is it unsurprising? Earlier this week, we warned.
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What to Watch on November 8? Analysis of Fundamental Events for Beginners
Very few macroeconomic events are scheduled for Friday. Essentially, the University of Michigan Consumer Sentiment Index in the U.S. stands out. This index is undoubtedly significant and noteworthy, but market.
How to Trade the GBP/USD Pair on November 8? Simple Tips and Trade Analysis for Beginners
Analysis of Thursday's Trades: 1H Chart of GBP/USD Pair The GBP/USD pair continued its correction on Thursday. We consider the Bank of England meeting results "moderately dovish" while the Federal.
Political instability, rate cuts and Nvidia's record: what's happening in the market?
US weekly jobless claims rise modestly Fed cuts rates by 25 basis points JP Morgan, Goldman put pressure on Dow Euro rises amid political turmoil in Germany BoE, Swedish central.
Forecast for AUD/USD on November 8, 2024
Yesterday, the Australian dollar rose by more than 100 pips, likely a delayed reaction to the Reserve Bank of Australia's decision to hold its rate steady on Tuesday, as U.S.
Technical Analysis of Intraday Price Movement of Cardano Cryptocurrency, Friday November 08, 2024.
Although on the 4-hour chart, the Cardano cryptocurrency is seen moving harmoniously within the Bearish Pitchfork channel, the failure of the price movement of this cryptocurrency to test the Lower.
Technical Analysis of Daily Price Movement of Polkadot Cryptocurrency, Friday November 08, 2024
If we look at the daily chart of the Polkadot cryptocurrency, it appears to be under pressure from sellers, as seen from its dynamic price movements within the Bearish Pitchfork.
Analysis of GBP/USD on November 7, 2024
The wave structure of GBP/USD remains complex and continues to evolve into a more extended pattern. At present, there is a strong likelihood that a downward trend is beginning.
USD/JPY: Simple Trading Tips for Beginner Traders for November 7th (U.S. Session)
Analysis of trades and trading tips for the Japanese yen The test of the 153.84 level occurred when the MACD indicator moved significantly below the zero mark, limiting the pair's.
GBP/USD: Trading Plan for the U.S. Session on November 7th (Morning Trade Review)
In my morning forecast, I highlighted the 1.2925 level as key for making trading decisions. Let's examine the 5-minute chart to assess the developments. A breakout and retest of 1.2925.
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This section is updated daily and contains market analysis prepared by professional analysts on behalf of InstaForex. Each of the specialists presents analytical reviews in accordance with his/her vision of the current situation on the foreign exchange and other markets. However, the outlooks below are neither recommendations nor instructions to any actions. They contain analysis of the current situation on financial markets. In some cases, analysts' opinions about current market conditions may differ.
