Understanding a Moving Average (MA)
We have learnt about Moving Average (MA) to combine with Support and Resistance strategy in last week. So today we will take a look closer a bit about Moving Average …
[EUR/USD] HICP Growth Speeds Up
The October HICP (Harmonized Index of Consumer Prices) for the Eurozone was released yesterday at 2.0%, above the expected 1.9%, marking the first increase in three months. This drove the …
[USD/JPY] Firm Bank of Japan
The Bank of Japan (BOJ) removed the phrase ‘ample time’ from its statement, signaling a firmer stance on raising rates. After hitting a high of 153.60 yen, the USD/JPY fell …
[XAU/USD] Gold Market Forecast Amid Global Risks and Profit-Taking
Gold has been reaching new high prices every day recently. In the Tokyo market, gold hit a record high of $2,801, but yesterday, prices started to fall. This drop was …
[USD/JPY] Bank of Japan Meeting and U.S. Employment Data Tomorrow
In today’s Bank of Japan (BOJ) meeting, it is expected that the policy interest rate will remain unchanged. However, with the recent yen weakening, there is a chance that the …
[EUR/USD] Stronger-than-Expected Eurozone GDP
Yesterday, GDP for key European countries such as Germany and France for the July-September period exceeded expectations, leading to increased buying of the euro. This pushed EUR/USD up to the …
[AUD/JPY] Bank of Japan Meeting and Australia’s CPI
Australia’s Consumer Price Index (CPI) for July-September was announced yesterday at 2.8%, lower than the forecast of 2.9% and a significant drop from last month’s 3.8%. Although the Reserve Bank …
[USD/JPY] Focus on ADP Employment Report
Yesterday in the Tokyo market, the USD/JPY started with a drop to 152.77 yen. However, as U.S. long-term interest rates rose, the dollar moved up over 1 yen to 153.86. …
[EUR/USD] Germany’s GDP and CPI
The Euro rose to 1.0826 as U.S. long-term interest rates fell from the Tokyo session to the European session. However, as U.S. interest rates went back up, the Euro dropped …
[AUD/JPY] Focus on Australian CPI
In October, the Australian dollar/Japanese yen (AUD/JPY) has been trading around 100 yen, where the 200-day moving average is positioned, with prices moving up and down without a clear direction. …