PBOC sets yuan reference rate at 6.9183
The People’s Bank of China (PBOC) has set the yuan reference rate at 6.9183 versus Monday’s fix at 6.9194.
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Read More »Day Trading with the Rising & Falling Wedge Pattern
Chart patterns play an essential role for traders using both technical analysis and price action-related strategies. In the past, we have covered several chart patterns such as triangle, engulfing, and…
Read More »EBITDA Explained: What it is and why it Matters
EBITDA is an acronym for earnings before interest, taxes, depreciation, and amortization. Similar to other metrics such as net income, earnings, and revenue, it is used to measure the financial…
Read More »PBOC sets yuan reference rate at 7.0029
The People’s Bank of China (PBOC) has set the yuan reference rate at 7.0029 versus Friday’s fix at 6.9938.
Read More »NEXT TRADING STRATEGY IN USD JPY
USD JPY is trading sideways since 1st July after touching high near 108.00 , no meaningful downside is witnessed since then. It is right that forex market is passing through…
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After gold prices hit an eight-year high on Wednesday this week, consolidation took over. Investors saw the US dollar gain traction following the maje
Read More »US Dollar (DXY) Eyes Multi-Month Low But Speculators are Trimming Their Short Positions
The US dollar chart remains weak with a short-term series of lower highs and lower lows highlighting the greenback’s weakness. A new multi-month low may be on the horizon.
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AUD/USD may consolidate over the coming days as the Relative Strength Index (RSI) appears to be reversing course ahead of overbought territory.
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It is difficult for a trader to make a decisive decision without critically evaluating relevant information about the market. One of the effective tools in this decision-making process is price…
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