How to understand Harmonic Trading Patterns in Forex This article will provide traders with a detailed explanation of what Harmonic Trading Patterns are, how harmonic trading patterns are used in currency markets, as well as, exploring market harmonics, harmonic ratios, and much more! All of this is based on teachings from Scott M. Carney. Forex Harmonic Trading […]
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The impact of monetary policies on forex As we mentioned earlier, national governments and their corresponding central banking authorities formulate monetary policy to achieve certain economic mandates or goals. Central banks and monetary policy go hand-in-hand, so you can’t talk about one without talking about the other. While some of these mandates and goals are
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Published 04/26/2024, 12:42 AM Updated 04/26/2024, 12:42 AM Most Asian currencies weakened on Friday, while the dollar steadied in anticipation of key inflation data that is expected to factor into the Federal Reserve’s stance on interest rate cuts. While an overnight drop in the dollar- following weaker-than-expected U.S. gross domestic product data- offered some relief to Asian
America inflation weaken Asian Currencies ; yen getting down due bank of japan Read More »
Bank of America (BofA) forecasted that the USD/CNY exchange rate is expected to increase, projecting a rise to 7.35 by the second quarter of 2024 and reaching a peak of 7.45 by the third quarter of the same year. The bank’s outlook is based on persistent rate differentials and unbalanced policy measures. In addition to
BofA has adjusted another yun Asian currencies Read More »
