CADJPY

What is the US Dollar Index? The US Dollar Index (DXY, DX, USDX) measures the value of the United States dollar relative to a basket of other currencies, including the currencies of some of the US’s major trading partners. The Dollar Index rises when the US dollar gains strength compared to the othe

EURJPY on the 4h chart after the recent drop has tested the 0.786 Fibonacci level. The price is now testing the 0.5 area after the attempt to break the weekly support area in the red color. How can we approach this scenario? We will wait for the EU market open and look for a possible break below the

Review and preview Investors are trying to assess how officials will balance the need to tame inflation with concerns over a potential recession. U.S. consumer inflation accelerated to 9.1% in June, a pace not seen in more than four decades, boosting expectations among traders that the Federal Reser

Good morning traders! This is the official account to find out all the breaking news that may/may not affect your trading decision such as economic policies, political moves, global agendas, etc. BUT first, to start off your day with a bang, here's a recap of the important news we think you should r

The foreign exchange market, also known as the Forex market or the FX market, is also one of the global markets that witnesses a trading volume of almost $6.6 trillion every day. Foreign exchange refers to exchanging one currency trading with another for different reasons that include tourism, inter

West Virginia Senator Joe Manchin recently dealt a blow to the Biden administration with regard to its environmental, aka green agenda, when the Senator said he would vote no on the President's $1.9 trillion Build Back Better initiative. The legislation included items that would shift the US from fo