Introduction: The interbank market is a fundamental component of the financial industry, serving as the backbone of global currency trading. It is a financial network where banks engage in the exchange of currencies and lend money to each other. By participating in the interbank market, banks can manage their short-term funding needs and maintain liquidity,...
The Market was in an upward trend from Tuesday 22nd '22 up to Wednesday 23rd '22, and the trend was broken by Thursday 24th '22 low leading the market to change to the state of consolidation. Friday 25th '22 Low cleared Thursday 24th '22 low taking out the liquidity created in that Thursdays low, then the market entered into the range before market close for the...