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  In this article, we have covered the highlights of global market news about the  EUR/USD, AUD/USD, NZD/USD  and  GBP/USD. EUR/USD Price Analysis: Mild between 2-week-old resistance and 10-day EMA In the first hour of Friday’s European session,  EUR/USD  hits an intraday low of 1.0645. The major currency pair then reverses from the resistance of the two-week-old declining trend line. The retreat move may also be related to the MACD indications, which point to the quote’s additional deterioration. The 10-day Exponential Moving Average (EMA), which was at 1.0620 at the time of publication, prevents the EUR/USD pair from falling further in the near term. Read More... EDGE-FOREX Click here to see the video...

  In this article, we have covered the highlights of global market news about the  EUR/USD, AUD/USD, GBP/USD  and  USD/CAD. EUR/USD rises beyond 100 and 200 HMA confluence Despite a slow Wednesday morning in Europe, the pair maintains a defensive position at 1.0645 and displays a three-day winning streak. The leading currency pair validates the prior rebound off the important Hourly Moving Averages (HMAs) in a short-term rising wedge bearish chart pattern by doing so. Read More... EDGE-FOREX Click here to see the video...

  Durable Goods Orders underperformed in November as US PCE inflation declined as expected. GBP/USD is having trouble holding onto the 1.2000 level as demand for US Dollars rises. Demand for US dollars rises in anticipation of the holiday weekend. GBP/USD  pared losses and teetered on day highs after a brief decline to 1.2022, a new daily low. It trades in the 1.2040 price range as speculative interest continues to process mixed macroeconomic data from the United States. On the other hand, the Personal Consumption Expenditures (PCE) Price Index shows lower inflationary pressures in the nation, which increased 5.5% YoY in November from 6.1% in October. Read More.. Click here to see the video...

  In this article, we have covered the highlights of global market news about the  USD/INR, AUD/USD, USD/CAD  and  USD/JPY . USD/INR Price News: The Indian Rupee follows the bullish options market trend at 83.00. As Indian Rupee (INR) sellers take a break before the important United States data on early Friday,  USD/INR  declines from the seven-week peak. Nevertheless, while maintaining its strength for a third consecutive week, the quotation prints slight losses close to 82.85 by publication. The one-month risk reversal (RR) of the USD/INR, a measurement of the gap between call and put prices, prints the largest daily figure in one week. As a result, giving the pair information from the options market. The positive print of the weekly RR, which followed the negative marks of the previous week, also reflects the confidence of the USD/INR options market. The risk reversal percentage is 0.035 in both situations. Read More... EDGE-FOREX Click here to...

  Silver retreats further from a multi-month high and declines for the second day. The configuration still favors bulls and allows some dip-buying to materialize. A decisive breach below the $23.00 confluence is required to contradict the upbeat forecast. Silver continues to see selling pressure for the second straight day on Thursday, extending the previous day’s retracement decline from an eight-month high. Throughout the first half of the European session, the white metal declined and is presently trading in the $23.80-$23.75 range. Any further decline from the present levels is expected to encounter some support around the $23.55–$23.50 region. A little follow-through selling will reveal the $23.00 confluence, which consists of the 4-hour chart’s 100-period SMA and an ascending trendline starting from the bottom of November. The handle above ought to serve as a solid foundation and essential pivot point to choose the next leg of a directional move for the  Silver Price . R...

  In this article, we have covered the highlights of global market news about the  EUR/USD, NZD/USD, USD/JPY  and  USD/CAD . The EUR/USD rises as the USD falls, although the upside is limited to 1.0660. In the first part of the European session on Thursday, the  EUR/USD  pair regained bullish momentum and surged to the high end of a trading range that has been in place for a week. The pair is now trading slightly around the mid-1.0600s, down a few pips from the daily peak set in the previous hour but still up more than 0.30% for the day. Read More... EDGE-FOREX Click here to see the video....

  In this article, we have covered the highlights of global market news about the  GBP/USD, USD/JPY, NZD/USD  and  EUR/USD . According to ING, GBP/USD may return to the 1.15-1.18 region in the new year. The  GBP/USD  pair is struggling to get beyond the 1.2150 region. In the following year, ING economists predict that the pair will once again trade between 1.15 and 1.18. The outlook for 2023 continues to be difficult. “Due to the many strikes, there won’t be many data releases in the UK in the next two weeks, and tomorrow’s first GDP report is unlikely to affect the market. Before the first week of January, there are no planned Bank of England speakers. Reads More... EDGE-FOREX