The US Dollar is bouncing back heading into Tuesday trading. USD/JPY was trading near 135.70 while EUR/USD is back below 1.0600. The Britsh Pound looks like it could struggle the most over the the course of the trading day as it was already down to 1.2260. After testing the 1.2000 level earlier in June […]
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Author: Welcome Khoza
Welcome Khoza graduated from the University of Venda for Science and Technology majoring in Psychology and Finance. For five years, Mr. Khoza was an FX and commodity analyst for a major international brokerage. Welcome is primarily a technical analyst and his 'Chart of the Day' is one of the most viewed features of The Forex Library for traders looking to optimize their trade entry and exit points.
Recent posts by Welcome Khoza
London Market Open – June 27th, 2022
Early in Monday’s London trading session, all major equity indices are up which indicates at least to start the week risk appetite remains fairly healthy. Whether that can be sustained to end the month of June remains to be seen over the course of the week. Bitcoin continues to hover near $21,200. The fact […]
London Market Open – June 24th, 2022
Overnight Japanese inflation data came in line with expectations at 2.5% Y/Y. USD/JPY remained in the 134.80 region as we enter the final trading day of the week. German IFO business climate data came in slightly worse than expected at 92.3 versus the expectation of 92.9. EUR/USD remains hovering in the 105.40 range. Short […]
London Market Open – June 20th, 2022
Heading in Monday’s trading session, a return to risk appetite looks to be appearing. Bitcoin has forged higher and is now trading at $20,700. This looks like it could be a week where Bitcoin recovers a healthy percentage of its recent losses. Commodity currencies like the Australian Dollar and Canadian Dollar are starting […]
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