Learn How EUR/USD Flat Ahead of FOMC Announcement.

EUR/USD is the most popular currency pair in the world. It is used to represent the two largest economies in the world. The Euro was established to facilitate cross-border trade of European trading partners. Since its foundation in 1999, the pair has and is continuing to face considerable volatility. Similarly, the world has also faced…

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Learn How US Economic Data helps Dollar Gain on Euro.

The US economic data reports released recently were incredibly awesome. They were above expectations and this led to a rally of the dollar. On the other hand, the euro went down as the traders were eagerly waiting for the monetary policy decision of the European Central Bank. Generally, the US economic data asserts that the…

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How Poor US Economic Data Doesn’t Affect EUR/USD

Together, the USD (U.S Dollar), and the EUR (Euro) form the “most-traded) pairs of currency all over the world. Recently, data was released from Macroeconomic in the United States and it showed weak results, however, this didn’t hinder the Dollar from ranking as the highest against Euro since 1 February this year. A reason for…

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Learn How to Use Market Profile in Forex Trading

Market Profile index is a robust instrument produced by a CBOT dealer. The initial intent of this tool is to coordinate the cost and time data that was obtained during a trading session and precious to dealers. Peter Steidlmayer introduced a charting device in 1985, and as it appears, the present day Forex market isn’t…

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