Robert Petrucci
About Robert Petrucci
Robert Petrucci has worked in the Forex, commodity, and financial profession since 1993. Important aspects of his work involve risk analysis and advisory services. As an advisor in a Family Office he maintains a conservative approach for wealth management and investments. Robert also works in private finance with investors and companies delivering financial and management services.
Snapshot
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While the highs and lows technically of the USD/PKR can certainly deliver trading perspectives, the interpretations of the currency pair’s gyrations can also be debated.
The broad Forex market and the USD/ILS have seen fast price action early this morning.
Traders of the USD/RUB need to remain patient and wait for their wagers on the currency in a similar fashion that fishermen put their bait into the water and then let the day play out.
Selling in the NZD/USD has been strong and support levels have proven vulnerable.
The Brazilian Real has been one of the weakest major currencies this year and behavioral sentiment remains fragile.
The USD/SGD has traversed higher in the past handful of days, but its upwards price action has not been violent.
Global financial institutions are likely burning off nervousness as they react to the decision of President Joe Biden not to run for re-election this coming November.
The USD/ZAR has traded higher since last Wednesday and touched the 18.37610 mark on Friday before going into the weekend.
Trading in the currency pair has been rather challenging the past week as a doses of volatility have confronted speculators.
Transparency remains an everlasting trial for retail traders’ intent on pursuing the USD/RUR.