Foreign Exchange Market
Technical analysis on EUR/USD, GBP/USD and other major pairs. Central bank policies and economic data
Technical Analysis on Major Pairs and Central Bank Policies
The foreign exchange market (Forex) is the world's largest and most liquid financial market. In this market with a daily trading volume exceeding $6 trillion, central bank policies and economic data determine price movements.
EUR/USD Pair
The pair between Euro and US Dollar is the most traded currency pair in the world. Interest rate decisions by the European Central Bank (ECB) and Federal Reserve (Fed) determine the movement of this pair.
GBP/USD Pair
The pair between British Pound and US Dollar is affected by the Brexit process and Bank of England (BoE) policies. Geopolitical developments also increase the volatility of this pair.
USD/JPY Pair
The pair between US Dollar and Japanese Yen is one of the important indicators of risk appetite and carry trade strategies. Bank of Japan's ultra-low interest rate policy affects this pair.