How to Use Volume Profile & Importance of Volume Profile Data
If you’re looking for ways to identify intra-day support and resistance levels to help find turning points in the market, one of the more effective ways to do so is with volume profile data. Volume profile is a charting technique that displays the total volume traded at every price level throughout the trading session. Read […]
EUR/USD remains sideways around 1.0830 amid ambiguity in risk profile, US PPI eyed
EUR/USD is in a rangebound territory as solid yields are weighing on risk-perceived currencies. The release of the US PPI will provide more cues about inflation projections. According to Bloomberg’s poll, the ECB is expected to find an interest rate peak at 3.25%. The EUR/USD pair has continued to trade rangebound near 1.0830 in the […]
EUR/USD refreshes eight-month high above 1.0870 as risk profile soars, US PPI in focus
EUR/USD has refreshed its eight-month high above 1.0870 amid a positive risk-impulse. Volatility in the USD Index has escalated as the appeal for safe-haven assets has dropped. After slowing the extent of the interest rate hike to 50 bps, the Fed is expected to trim rate hike pace further to 25 bps. The EUR/USD pair […]