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An analysis of the data for the coming week

There is not much economic data released in next week’s calendar, but the main ones that have made traders curious are the possible continuation of the interest rate cut process by the BoJ and the meeting of the members of the Central Bank of Canada.

Expectations on the extent of the dollar downtrend exchange rate

After the release of the consumer price index of the United States and after the expectations of a 25% increase in interest rates last week, traders had no hope for the growth of the dollar, and the sell orders and its supply in the market led to a decline in

Technical analysis of the EURUSD currency pair

what you read here:1 Important levels next week EURUSD2 EURUSD Fibonacci Pivot Point Level3 Pivot Meter:3.1 EUR Pivot Meter 4H3.2 EUR Pivot Meter Daily Last week, the price was in an uptrend to the level of 1.08681. The uptrend channel of this currency pair

U.K. Gross Domestic Product (GDP)

The gross domestic product (GDP) index measures annual changes in the inflation-adjusted value of all goods and services produced by the economy. This index is the most comprehensive measure of economic activity and the primary indicator of economic

U.S. Consumer Price Index (CPI)

The Consumer Price Index (CPI) measures changes in the prices of goods and services, excluding food and energy. This index measures the change in prices from the consumer’s point of view. This is an important method for measuring changes in purchasing

Australia Consumer Price Index (CPI)

The Australian Consumer Price Index (CPI) measures changes in the prices of goods and services from the perspective of consumers. This index is an important indicator for measuring changes in purchasing power and inflation.A report of a value that is higher

Euro Fundamental Forecast: Bullish

Different things happened to the euro last week. At one point, EUR/USD fell by as much as 2%. If this downward trend continues, we can say that it will be the worst week for this important currency since mid-September. However, on Friday, the euro recovered

Federal Reserve interest rate and its effect on ecomomy

what you read here:1 How does the interest rate affect economic conditions?2 What is the reason for interest rate change and fluctuation?3 Why does the Federal Reserve cut interest rates? The Federal Reserve interest rate, also known as the federal funds

U.S. Department of Energy has rejected initial proposals to resupply oil reserves

According to a U.S. Department of Energy spokesperson, the U.S. Department of Energy in February rejected initial proposals from oil companies to resupply the nation’s emergency crude oil stockpile. The website DOE had announced last month that it would

Technical analysis of the GBPUSD currency pair; 08-01-2023

In the last hours of last week, this currency pair moved in an upward phase to the level of 1.20861, but failed to break its downward trend line. Therefore, we expect the price to be in a downward corrective trend in the coming week, and if it manages to

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