Get Forex forecasts using fundamental, sentiment and technical position analysis for major pairs for the week of August 15, 2022 here. The difference between success and failure in Forex/CFD trading is very likely to depend primarily on which assets you choose to trade each week and in which directionnot on the exact methods you...
Read MoreThe Dow Jones Industrial Average returned in its recent trading to intraday levels, to post gains in its latest sessions of 1.63%, to add about 535.10 points to it. It settled at the end of the session at the level of 33,309.52, after its decline during Tuesday’s session of -0.18%. Advertising The Dow Jones...
Read MoreUSD/ZAR is trading near near-term lows at the time of this writing and speculators should consider a few important potential factors. The USD/ZAR currency pair is trading near the 1.61100 mark at the time of this writing, which is close to some rather intriguing lows. Speculators should be careful today as it is a...
Read MoreSummary The Reserve Bank of Australia (RBA) raised its cash rate by 50 basis points to 1.85% at its August meeting and signaled that further rate hikes will be needed to bring inflation back towards the goal over time. Several elements of the monetary policy announcement remained essentially unchanged from previous meetings. However, there...
Read MoreAfter trading near highs at the start of the week not seen since the third week of June, the NZD/USD currency pair has started to look technically bearish again. The NZD/USD mirrors the results seen across many forex spheres over the past two days of trading; suddenly the USD strengthened again. As of this...
Read MoreSilver Technical Price Prediction: XAG/USD Weekly Trading Levels silver price Updated Technical Trading Levels – Weekly Chart XAG/USD bounce off downtrend support approaching initial downtrend resistance Weekly support 18.28/69 (critical), 16.66, 15.47/59 – resistance 20.86-21.13, 22.71, 23.28 (key) Silver course jumped over 9.4% in the past week as XAG/USD bounced off confluent support in...
Read MoreCrude Oil Technical Forecast: WTI Weekly Trading Levels Crude oilUpdated Technical Trade Levels – Weekly Chart WTI rebounds out of support – looking to validate completion of correction in August New to the oil business? Get started with this free How to Trade Oil-Beginner’s Guide Crude oil prices ended a three-week losing streak, with...
Read MoreNZDUSD has been in an extended period trending lower since March, when it peaked in the 0.7032 region. Although the price managed to regain some lost ground after its slide halted at the 26-month low of 0.6069, it is currently held by the congested region which includes its 50-day simple moving average (SMA). and...
Read MoreUS Dollar Outlook: The US Dollar (via DXY Index) is teetering along a key support level, its daily 21-EMA (one-month moving average). If the DXY index closes below its daily 21-EMA for the first time since June 7, it could signal a deeper retracement to come. The IG Customer Opinion Index suggests that USD/JPY...
Read MoreNZD/USD edged lower on Tuesday, down a low of 0.02%, as the Asian session begins. Asian stock futures tumble, poised for a lower open on a gloomy market mood. NZD/USD Price Analysis: Bearish to neutral, unless the buyers recover 0.6200 the majors will be under selling pressure. NZD/USD is almost flat at the start...
Read MoreSummary United States: This party is breaking up fast Slowdown signals are beginning to appear in all sectors. Business and consumer confidence weakened, real consumer spending weakened, real estate activity stagnated and business investment declined accordingly. On the other hand, robust job growth and strong gross domestic income suggest we are not in the...
Read MoreMarkets Stocks faltered as investors positioned themselves ahead of today’s CPI report. US IG Credit closes unchanged 3bps higher, rates rallied and equities fell (SPX: -0.92%, DJIA -0.62%, NDAQ -0.95%), reflecting uncertainty felt by investors ahead of Wednesday’s US CPI print. The Treasury curve inversion deepened to levels last seen in 2007 – the...
Read MoreBitcoin Trade Ideas Board Bitcoin technical analysis and trade idea video: Always trade Bitcoin at your own risk only. Visit ForexLive.com for the original technical analysis Technical analysis In financial trading, technical analysis refers to the method of studying the history and price movements of an instrument, such as currencies, stocks, commodities, etc. The...
Read MoreWe have seen cracks appear in the US economy in recent months. So now they’re headed to jobs reports, which puts the NFP on high alert for weakness. Rightly so, inflation has been at the heart of central bankers‘ concerns and will continue to be for the foreseeable future. But with so many leading...
Read MoreOptimism for gold has started to shine again after the creation of a bullish hammer candlestick on Friday, which followed the strong rebound from the May low of $1,786 an ounce. The price is currently pushing for a higher close slightly above the $1,810 level, trying to confirm the formation of the bullish green...
Read MoreThe euro traded lower in late trading on Friday as pessimism about the outlook for the global economy boosted demand for the safe-haven US dollar. The single currency sits just above a 5-year low, with data on Friday showing eurozone inflation hit a new high in June, while the bloc’s manufacturing output fell for...
Read MoreMacau casino visitors are expected to increase and Las Vegas Sands (ticker: LVS) presents a very attractive reward against a risk opportunity for the long-term buyer LVS stock appears to be rallying from the bottom of a range dating back to 2015 This stock buying opportunity is worth considering, especially in light of the...
Read MoreIt will be on a case-by-case basis, but overall it should drive the index lower if we do see growth being hit. French markets initially rallied to the €6,000 level on Tuesday, but the CAC was unable to hold the gain. This showed across the board as risk appetite initially returned on Tuesday, but...
Read MoreTowards a recession? Last week was a great time for central banks, collectively, as well as for financial markets in general. It was the moment when the majority accepted that inflation is not just a problem, it is a problem that needs to be dealt with forcefully in order to prevent it from spiraling...
Read MoreWelcome to Forex Friday, a weekly report where we discuss selected currency themes primarily from a macro perspective, but we also add a dash of technical analysis here and there. In this week’s edition, we discuss the Japanese yen and Swiss franc after central banks in Japan and Switzerland were surprised – with one...
Read MoreCrude Oil Technical Forecast: WTI Short-Term Trading Levels Crude oil updated technical trading levels – Daily and intraday charts WTI price breakout stalls ahead of close of 2022 high – risk of pullback in uptrend New to the oil business? Get started with this free How to Trade Oil-Beginner’s Guide Crude oil prices jumped...
Read MoreMarkets Yesterday, the ECB turned a page. With new staff projection forecasts core and headline inflation to stay above the 2.0% target over the bank’s policy horizon, the ECB could only formally give the highest priority to meet the challenge of inflation, although growth has been revised down for this year and next. APP...
Read MoreI’ll be careful to put too much money in to work right away. The Parisian CAC index recovered on Monday to reach the level of €6,600. This is an area that exhibited the 200-day EMA and previous structural resistance. We pulled back from there as stocks generally lost some of their initial gains. It...
Read MoreThe dollar/yen rose on Friday after a better-than-expected US jobs report indicated a tight labor market that could keep the Federal Reserve on an aggressive path of interest rate hikes. Better-than-expected job growth indicates the economy is still strong, while a decline in average hourly earnings suggests growth is starting to moderate amid a...
Read MoreFor the second day in a row, the price of gold is trying to resist the strength of the US dollar. The price of gold settled around the $1852 per ounce level at the time of writing the analysis. It has recovered from the recent selling trades which pushed it towards the support level...
Read MoreETH/USD is flirting with near-term highs as an intriguing reversal to the upside has formed and could stir the hearts of optimistic bull speculators. Advertising In early morning trading, ETH/USD was able to reverse momentum from 2,000.00 and briefly peaked near the 2,224.00 ratio. A slowdown has occurred since the high was reached and...
Read MoreS&P 500, Nasdaq and Dow Price Technical Outlook: Weekly Trading Levels S&P500Nasdaq & Dow Trade Level Technical Update – Weekly Charts SPX500 meets key support at 3812 – resistance 4139/96, 4323 Nasdaq bounces off key support at 11520/768 – resistance 12668, 13506 Dow reversal off key support at 30812 – resistance 32944 Stocks ended...
Read MoreI think at best we’re probably looking at a “fade the rallies” situation. The S&P 500 rallied on Wednesday to hit the 4000 level. However, we have strayed slightly from this large, round and psychologically significant figure as we continue to see a lot of volatility. Whether or not we can hold onto the...
Read MoreThe Canadian dollar is weakening against many currencies, so this is a huge surprise. The US Dollar initially pulled back a bit on Friday, but then turned around to show signs of life again near the 1.28 level. This is an area that has been backed many times over, and it’s likely that we’ll...
Read MoreThe journey returns, hot. Warmer weather, fewer COVID-related health issues, pent-up demand and stock of household savings are all driving a rebound in tourism and hotel spending. Indeed, our latest map tracker showed that, for the first time, the recovery in spending on services (including airfare, accommodation and meals) has outpaced spending on physical...
Read MoreFORECAST FOR THE ENGLISH POUND: GBP/USD soars on Tuesday, posting its biggest one-day rise since October 2020 Sterling’s gains are supported by strong UK employment data and broad-based US dollar weakness This article takes a look at the key technical levels in Cable to watch in the near term Most read: USD Technical Analysis...
Read MoreGet our trading strategies with our monthly and weekly predictions of currency pairs to watch using support and resistance for the week of May 16, 2022. Advertisement This week I will start with my monthly and weekly predictions of the currency pairs to watch. The first part of my forecast is based on my...
Read MoreRecommendation of the day on the lira against the dollar Risk 0.50%. Yesterday’s sell recommendation has been activated and it is still trading Best buy entry points Enter a long position with a pending order from levels 15.22 Set a stop loss point to close the lowest support levels 15.55. Move the stop loss...
Read MoreWe expect natural gas to rise in its next trade. Natural gas spot prices (NATURAL GAS CFDS) have rebounded in recent trade at intraday levels, to post daily gains up to the time of this writing of 2.63%. It settled at a price of $8.064 per million British thermal units, after falling sharply in...
Read MoreSummary United States: ‘Til the Medicine Takes The latest economic data suggests supply issues worsened in April. Delivery times have lengthened and, while employers have continued to create jobs at a strong pace, the supply of labor has weakened. Price pressure therefore remained high. The FOMC raised its federal funds rate by 50 basis...
Read MoreLeveraged trading of foreign currencies or off-exchange products on margin involves significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is right for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits. We recommend that you seek independent advice and...
Read MoreUSD/INR ended April holding bullish gains made in choppy conditions, and in early May Indian Rupee traders will face a tough test. Advertisement The rupee has been extremely popular lately – don’t miss out on these exciting opportunities! Let’s trade now USD/INR enters May after holding onto bullish gains, but showing signs of a...
Read MoreCanadian Dollar Technical Price Outlook: Short-Term Trading Levels Canadian dollar Updated Technical Trading Levels – Daily and Intraday Charts USD/CAD Breakout Reacts to Uptrend Resistance – Near Term Exhaustion Risk Resistance 1.2880-1.29 (key), 1.2938, 1.2951/75- Support 1.2719, 1.2676/97, 1.2640 (critical) the American dollars jumped more than 1.2% against the Canadian dollar at the extremes...
Read MoreOne thing that many crypto traders tend to forget is that the other half of the equation is the US dollar. Neo fell again on Monday to break through the $20 level. The market continues to move up and down, and I think at this point we are trying to form a longer-term consolidation...
Read MoreTraders are confident that the Fed will aggressively raise interest rates “until something breaks”. The week ahead: Long live France! For most traders, the focus last week was on the ramping up of the first quarter earnings season. We saw strong results from Tesla, the trillion-dollar market giant, and brutally bad earnings data from...
Read MoreFurther declines will be confirmed if the price breaks below the support at 0.7345. Bearish view Set a sell stop at 0.7345 and a take-profit at 0.7275. Add a stop-loss at 0.7450. Lead time: 1-2 days. Bullish view Set a buy-stop at 0.7400 and a take-profit at 0.7500. Add a stop-loss at 0.7300. AUD/USD...
Read MoreSummary United States: Inflation hits hard in March U.S. economic data this week was led by the largest monthly increase in the consumer price index (CPI) since September 2005. The pressure on households from soaring prices for basic necessities is well real and was evident in this week’s retail sales data. However, below the...
Read MoreThe Bank of Canada (BOC) raised rates by 50 basis points, as expected. This is the biggest increase in the overnight rate in 20 years. The policy rate is now at 1%, its highest level since the start of the pandemic in March 2020. In addition, the BOC said it would stop reinvesting the...
Read MoreGet Forex forecasts using fundamental, sentiment and technical position analysis for major pairs for the week of April 11, 2022 here. The difference between success and failure in Forex trading will most likely depend primarily on which currency pairs you choose to trade each week and in which direction, not on the exact trading...
Read MoreUS stocks continued their struggle as the market weighed the Federal Reserve’s change in tone. The Dow Jones, Nasdaq 100, S&P 500 and Russell 2000 all fell more than 0.50% as bond yields rose. On Wednesday, Fed minutes showed the bank will continue to raise rates in May and at future meetings. Another change...
Read MoreInvestors are weighing economic performance and the future of central bank monetary policy tightening which is still in favor of greater strength in the price of the US dollar against the Japanese yen currency pair USD/JPY. The currency pair started trading this week to hit the 123.00 resistance level as performance was at the...
Read MoreGet Forex forecasts using fundamental, sentiment and technical position analysis for major pairs for the week of April 4, 2022 here. The difference between success and failure in Forex trading will most likely depend primarily on which currency pairs you choose to trade each week and in which direction, not on the exact trading...
Read MoreThe debate between technical analysis and fundamental analysis as trading tools will likely go unanswered as both sides present remarkable arguments as to which one reigns supreme. This article will outline the basics of technical and fundamental analysis, leaving you with the knowledge to create your own trading journey. What is Technical Analysis? Technical...
Read MoreUSDJPY drops below 50% and 200-bar MA on 5-minute chart the USDJPY USD/JPY USD/JPY is the currency pair comprising the United States dollar (symbol $, code USD) and the Japanese yen from Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed to buy one US dollar. For example,...
Read MoreThe pound is slightly lower on Friday after disappointing retail sales and consumer confidence figures. UK retail sales, fall in consumer confidence Consumers were more wallet-conscious in February as retail sales declined. The overall figure showed a 0.3% MoM decline, following a 1.9% gain in January. This missed the estimate by 0.6%. Core retail...
Read MoreThe South African Reserve Bank (SARB) is meeting on Thursday this week to decide how much it should raise interest rates. Expectations are for a 25 basis point hike to 4.25%, but it is possible that the central bank will hike 50 basis points following the sudden boom in commodities, especially oil, since the...
Read MoreStocks end the week in the spotlight as the S&P 500 sees the light of day. But will this prove to be a bullish trap, given the technical “death crossover” signal, as well as macroeconomic concerns such as the Ukraine-Russia conflict, soaring inflation and tightening the Fed? If you look at the financial markets...
Read MoreKeep in mind that the next day could be very volatile, so patience will probably go a long way. The US Dollar traded back and forth against the South African Rand on Tuesday as we sit just below the 200-day EMA. It is an indicator that many people pay close attention to and use...
Read MoreGlobal markets fell into turmoil after the arrival of Russian forces in Ukraine. Commodity prices have exploded and traders are betting that this shock will keep the inflationary fire burning for some time. The Fed and Bank of England are expected to raise interest rates next week to combat soaring prices, although the most...
Read MoreKeep in mind that monetary policy tightening and many “risky behaviors” around the world will continue to keep Bitcoin somewhat muted. Bitcoin markets rallied a bit on Tuesday to show signs of life again. The $40,000 level sits above and is essentially in the middle of the overall consolidation zone the market is currently...
Read MoreA tough ECB meeting is due to take place on Thursday next week. After the crucial shift in hawkish communication at the February meeting, the ECB will have to balance a stronger inflation outlook against the highly uncertain economic impact of the war between Ukraine and Russia. We expect the ECB to continue its...
Read MoreCanadian Dollar Technical Price Outlook: Short-Term Trading Levels Canadian dollar Updated Technical Trading Levels – Daily and Intraday Charts USD/CAD Tries to Break Multi-Week Range Lows – Vulnerable Recovery Below Weekly Open Resistance 1.2705, 1.2766 (key) – Support 1.2613/40 (key), 1.2514 the American dollars is down more than 0.20% against the Canadian dollar since...
Read MoreThe Canadian economy grew by 6.7% q/q annualized in the last quarter of 2021, leaving real GDP for 2021 at a solid 4.6%. A major driver of growth was the accumulation of business inventories (loosening supply chains), which rose $11 billion (adding 4.2 percentage points to annualized growth). International trade also grew at a...
Read MoreIt’s been quite a week of volatility as investors reacted to events unfolding in Ukraine and the West’s response in terms of sanctions against Russia. Stocks fell on Monday, rallied on Tuesday, plunged again on Wednesday, then rose sharply on Thursday, before extending those gains on Friday. The final result ? A roller coaster...
Read MoreUSDJPY rose to test the 200H MA and swing highs The USDJPY moved lower on flows to safety in the JPY during the Asian session. However, after hitting the lowest level since Feb 3 and approaching the 100-day moving average at 114.34 (the low reached 114.405), the sellers turned the buyers against the key...
Read MoreEconomists widely expect the Reserve Bank of New Zealand (RBNZ) to raise its overnight rate by 25 basis points on Wednesday for the third consecutive time. Whether or not the central bank‘s decision holds any surprises doesn’t detract from what could ultimately turn out to be a positive technical setup for NZD/USD down the...
Read MoreThe most famous and largest stock market in the world is Forex, which has a huge number of investors. Well, it is worth noting that it is possible to trade only through a broker, since the market entry amount will not be accessible to the person. Successful trading in the market requires patience and...
Read MoreOmicron hit hours worked but not so significant for employment. Total employment: 12.9k from 64.8k (unrevised from 64.8k) Unemployment rate: 4.2% from 4.2% (unrevised from 4.2%) Labor force participation rate: 66, 2% of 66.1% (unrevised of 66.1%) January was the third consecutive upside surprise for employment. The very solid gain of 366.1k in November...
Read MoreJPY The pair is trading in the mid-range but off session highs as markets resume movement USDJPY falls below 100 hour MA the USDJPY USD/JPY USD/JPY is the currency pair comprising the United States dollar (symbol $, code USD) and the Japanese yen from Japan (symbol ¥, code JPY). The pair’s rate indicates how...
Read MoreIt’s been a hell of a week in the markets and a great Thursday for volatility. Consumer inflation beat expectations again in the United States, reaching its highest level since 1982 at 7.5%. This caused panic from at least one Fed official and investors stepped up their bets on a rate hike. The result?...
Read MoreRising inflation impressions from the US could hurt rather than support the US Dollar Index (DXY). A big beat on the January CPI is needed Rising inflation is printing damage in the US rather than supporting the US Dollar Index (DXY). The median consensus already calls for a print of 7.3% y/y with a...
Read MoreEUR/USD was on course for a fifth consecutive gain in the final trading session last week and may now have room to hit three-month highs around the 1.15 resistance. Some strategists, who also see the Euro, would find support around the 1.13 level in the near term. Last week’s Euro-Dollar gains hit the 1.1483...
Read MoreSummary United States: Omicron is not enough to crash the Payroll Party This week ushered in a wide range of economic indicators that covered everything from supply chains to the housing market, but needless to say, it was the labor market that came to the fore. Nonfarm payrolls rose by 467,000 in January, which...
Read MoreSHIB/USD has made slight gains in recent days, but its trading has lacked a huge upside move even as additional value has been added. Advertising SHIB/USD remains in the lower areas of its medium-term price range, but the past two days have seen the cryptocurrency gradually gain. However, since Shiba Inu moves in fractions...
Read MoreThe price of the GBP/USD currency pair is stable at the time of writing the analysis, as it stands around the 1.3425 level. This is a rebound from heavy selling that the currency pair was exposed to, which pushed it last week to the support level of 1.3358, the lowest in over a month....
Read MoreSummary United States: moderate growth and more aggressive Fed The economy has been on a roll in 2021 with generous fiscal policy and an accommodative Fed. Inflation and supply chains were the main obstacles. In light of a more hawkish stance at this week’s FOMC meeting, we now expect the Fed to hike rates...
Read MoreThe market snapshot just before the Fed decision saw: Spot gold is trading down $18.50 or -1% at $1,829.40 Spot Silver is trading down one cent or -0.06% at $23.77 WTI crude oil trades from $1.74 to $87.34 Bitcoin is trading at $38,096 The return over 2 years is 1.03% The return over 5...
Read MoreSOL/USD has been trading at a significant long-term low since this morning as it suddenly finds its price close to the values seen in August 2021. Advertising SOL/USD suffered a rapid and potentially painful decline for speculators who saw the price action go against their long positions. The vast cryptocurrency market was extremely jittery...
Read MoreAll eyes will be on the Bank of Canada‘s rate decision next week as pressure mounts for policymakers to raise rates sooner than expected. We expect the bank to delay a change next week, but in a very close call. Clearly, the conditions are in place to sustain higher rates. Inflation trends evolved largely...
Read MoreThe British pound is in positive territory after falling for three consecutive days. GBP/USD broke through the 1.36 line and is trading at 1.3635 during the North American session, up 0.27% on the day. UK inflation at 30-year high Anyone who reads the news has seen many headlines shout “US inflation hits 30-year high!”....
Read MoreThe pair will likely resume the downtrend as sellers target support at 1.3600. Bearish view Sell the GBP/USD and set a take-profit at 1.3600. Add a stop-loss at 1.3750. Deadline: 1 day. Bullish view Set a buy-stop at 1.3700 and a take-profit at 1.3800. Add a stop-loss at 1.3600. GBP/USD attempted to rally on...
Read MoreThe Bank of Japan will be in the spotlight next week. This will likely reaffirm that rates won’t rise for a long time, leaving the yen at the mercy of foreign central bank moves and risk appetite. The People’s Bank of China will also meet and may ease policy to promote economic growth, although...
Read MoreThe euro traded at the upper end of the short-term European trading range on Wednesday, after finally entering a thick, declining daily Ichimoku cloud on Tuesday. The stock is still holding below the pivot Fibo barrier at 1.3795 (38.2% at 1.1692 / 1.1186 bear-leg) which has been leveling off since mid-November. A breakout here...
Read MoreGet our trading strategies with our monthly and weekly forecasts of currency pairs to watch using support and resistance for the week of January 10, 2022. Advertising This week I’ll start with my monthly and weekly forecasts for currency pairs to watch. The first part of my prediction is based on our research of...
Read MoreThe dollar / yen is trading flat on Friday ahead of today’s report on non-farm wages in the United States, which is due for release at 13:30 GMT. Earlier in the week, the greenback hit a five-year high against the Japanese yen on Tuesday, the day before Federal Reserve meeting minutes indicating policymakers were...
Read MoreMarch’s E-mini NASDAQ-100 index futures are trading lower on Tuesday after surrendering earlier gains. Another surge in US Treasury yields suggests that investors are worried about a rate hike earlier than expected by the Federal Reserve. Investors are betting that the Fed will have to hike rates as early as March to fight an...
Read MoreAs the timeline turns to 2022, the slate is wiped from the sustained enthusiasm that has driven risk markets up through the second half of 2020 and throughout 2021. Aggressive fiscal stimulus is on the way. now in the rearview mirror, as central banks around the world have started rolling back on asset purchases...
Read MoreTechnical outlook in USD DXY coming out of a corner pattern June slope support has been broken US Dollar Technical Outlook: DXY Vulnerable in New Year The US Dollar Index (DXY) was in a wedge formation until yesterday, but has yet to close daily below 95.85. This level was created via dips on December...
Read MoreDespite the state of optimism regarding the new COVID variant and risk appetite, gold prices rebounded higher, stable around $ 1,811, near their highest in one month, in a context falling US dollar. Recently, various studies have indicated that the last wave of the epidemic will be less damaging economically than the previous ones....
Read MoreTechnical signals remain bearish for the euro The euro suffered significant losses against the US dollar in 2021. Although trading was volatile and largely directionless for the first five months of the year, the decline was relentless from June. The exchange rate fell from ~ 1.2250 to ~ 1.1200 as the ECB remained relatively...
Read MoreAlthough the world’s central banks have decided to tighten their monetary policies, including those that have actually raised interest rates, appetite for safe havens has grown amid global fears of the threatening Omicron variant. a worldwide closure at Christmas. As a result, the price of gold returned to the resistance level of $ 1815...
Read MoreSummary United States: Hawkish Fed Steals Show, But Supply Problems Linger Behind The Scenes The more hawkish tone that emerged from the last Fed policy meeting was the main event that caught the markets’ attention this week. But in other news, retail sales data disappointed as higher prices were factored into spending and industrial...
Read MoreIt wasn’t like it wasn’t full speed ahead to shrink and even tighten, but the market took the news enthusiastically and climbed higher. It could be that the growth is high which is a good thing, and maybe inflation is thought to be high as well, but it also has some additional elements (supply...
Read MoreMarkets 20. This is roughly the number of central banks that will hold their last policy meeting in 2021. The big events this week notably the Fed (Wednesday), the Bank of England and the ECB (both Thursday). Turkey, Norway, Switzerland, Japan, Russia, Hungary and many more along with important economic data (EMU PMI, US...
Read MoreEURGBP trades between 100 / 200H MM The EURGBP fell to its low for the week in Tuesday’s session and thus tested the 200-hour moving average. Support buyers leaned against the level (it was also a low from last week) and sellers looked to buyers. The price rise from Tuesday’s low saw the 100-day...
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