Welcome to this weeks weekly forex forecast video where do the simple, but powerful top-down approach to identify trending forex pairs with clean price action and to find early entries with big enough targets using key support and resistance zones. Key to long-term trading success is risk-management and right trading mindset to control our emotions.
Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the fx market. Don’t trade with money you can’t afford to lose. You must be aware of the risks of investing in forex and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Weekly forex outlook opinions on this page are for informational purposes only and are not investment advice. You should do your own research before making any investment decisions and take full responsibility for your own results, performance.
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EUR/USD rises toward 1.0800 on renewed USD weakness Premium
EUR/USD extended its daily advance and climbed above 1.0750 in the American session on Thursday. After the data from the US showed a significant 28,000 increase in the weekly jobless claims, the US Dollar (USD) came under heavy selling pressure, providing a boost to the pair.
GBP/USD climbs above 1.2500 as US Dollar extends losses
GBP/USD gathered bullish momentum and climbed above 1.2500 in the second half of the day. The US Dollar is having a hard time finding demand as investors lean toward a no change in the Fed's policy rate next week following the disappointing jobless claims data.
Gold: XAU/USD pressures highs around $1,970 Premium
XAU/USD posted a nice comeback after bottoming at $1,939.66 a troy ounce on Thursday, a fresh weekly low. The US Dollar traded with a soft tone since the beginning of the day but turned frankly negative within American trading hours.
Cardano, Solana TVLs hold up despite SEC security label
The US Securities and Exchange Commission (SEC) classified several tokens as securities in its recent lawsuits against leading crypto exchange platforms Binance and Coinbase.
MULN still bottomless, slide reaches $0.50
Mullen Automotive (MULN) stock is trading at $0.5050 on Thursday pre-market trading at the time of writing, which would set a new all-time when Wall Street opens its session.