Crypto Stumbles to Lows, EU Awaits PMI Data, SPX Flat6/22/2021 EUR/USD Analysis EU bounces off support and oscillates between support and resistance from 1.19100 and 1.18700. German and French PMI data will report tomorrow which could add extra volatility in the market. The US also has PMI news coming out that day, so we can […]
6/21/2021 Recent News China cracks down: China's attempt to ban mining comes to fruition as their grip gets tighter around this policy. These digital miners now have no choice but to stop everything they're doing in China or move elsewhere which is temporarily hurting the coin's hash rate. Banks are now being told to cut […]
6/21/2021 Fundamentals The US dollar and the Japanese yen is probably one the most interesting pairs in forex due to their traits and behaviors and how they fall into their roles. For example, both currencies are considered safe havens to most investors, but at the same time, they a very fundamentally different. The yen's negative […]
Let's look at the news event's we've got lining up this week... (USD) Fed Chair Powell Testifies After last week's crazy moves spurred by the FOMC announcement, USD traders are likely very interested in what remarks the main man himself has to say. Powell is scheduled to discuss the Fed’s emergency lending programs and current […]
Hey everyone! Welcome to this week's forex forecast for the week ending June 25th, 2021. I'm TraderBart with A1 Trading, and this week I'll be looking at EURUSD, EURCHF, NZDCHF & XAUUSD. EUR/USD Price is now back at the channel's top, following huge strength from the USD. We are now waiting on clear confirmations whether […]