The EUR/USD pair continued to rise during the first half of the week, but dramatically failed at parity, ending the week at roughly 0.9750, resulting in a minor weekly loss. At the beginning of the fourth quarter, optimism ruled supreme as Wall Street reported enormous gains and government bonds continued their weekly advances. Risk appetite is supporting the EUR/USD exchange rate. Market participants anticipated that central banks will reduce the pace of quantitative tightening sooner rather than later due to the increasing possibility of a global recession. This speculative activity as well as the demand for high-yielding assets were fueled by the Reserve Bank of Australia's lower-than-anticipated 25 basis point increase in the cash rate. But the positive energy was short-lived. On Wednesday, when the EU suggested additional penalties against Russia for its invasion of Ukraine in February, the value of the common currency started to decline. Following the illegitimate takeover of...

According to a poll conducted by Reuters, bearish bets on emerging Asian currencies have eased on the hopes that monetary tightening will cool the red-hot inflation that has been plaguing the region. In particular, short bets on the Thai baht have fallen sharply following the first rate hike in the country in nearly four years. According to the results of a biweekly survey conducted by 12 financial analysts, short positions on all emerging Asian currencies decreased, with bets on China's yuan reaching their lowest level since late April. Short bets on the Singapore dollar, the Indonesian rupiah, and the Philippine peso all dropped to multi-month lows. The fact that the United States' inflation rate remained unchanged in July, marking the first significant sign of relief after a prolonged period of rising prices, also contributed to an improvement in the mood throughout the region. After the Bank of Thailand (BoT) raised its interest rate by 25 basis points on Wednesday, short b...

    Founded in 2007, IC Market is regarded as a "CLASSIC" foreign currency brokerage of the current period, with headquarters in Sydney, Australia. IC is a well-known and HIGHLY regulated (by ASIC) brokerage dedicated to providing market traders with the BEST trading experience possible. The brokerage firm is run by International Capital Markets PTY, and the headquarters are on level 6 of 309 Kent Street in Sydney. When compared to other other brokers in Australia, the IC market is widely regarded for offering the most leverage as well as the lowest spreads and costs. In addition, IC offers Futures, Commodities, and Indices. The IC Markets has strengthened its executive team with the recent appointment of Andreas Skianis as Global Head of Partners. Skianis began his new position with the organization this month and is headquartered in Limassol, Cyprus, according to his LinkedIn profile. "I'm excited to announce that I'll be starting a new position as Head of Part...

    A chart pattern is a recognizable structure in a price chart that can be used to extrapolate future price movement from past actions. A chart pattern may be established by examining past price movements. The  technical  analysis rests on the identification of chart patterns, which requires the trader to understand what they are looking at and what they should be looking for.   It's great that traders, like us, have an innate curiosity for learning. However, there is a period when generalization is no longer fruitful and one must shift focus to a more narrow area. However, we often make the mistake of trying to learn everything without stopping to consider whether or not we actually need it. Some of the TOP chart patterns for traders are as follows: Another popular bearish reversal pattern is the double top. Peaking, the  stock  price will fall back to a support zone. After reaching another peak, it will revert to the prior trend. The double bottom ...