GBP / USD will remain in a narrow range until the results of US inflation data are released. In the recent period where whenever the GBP / USD currency pair tries to stabilize above the resistance at 1.4200, it is subject to sells with profit taking. Its gains since trading started this week hit...
Read MoreThe US dollar yo-yo on economic data and tapering continues on Monday, in a pattern we’ve already highlighted. EUR and NZD are the strongest currencies of the day, while GBP is the weakest. A trend continues to repeat itself in US dollar trading. Positive headlines on economic data give it a boost, then it...
Read MoreDOGE / USD has recovered from its lower values that were exposed last weekend, but the cryptocurrency is once again fighting resistance. Publicity DOGE / USD traded below 25 cents over the weekend, which nearly replicated the price action of the 19e of May, during a flash crash, and brought him to the sight...
Read MoreUS stocks rose on Monday thanks to tech companies. The Nasdaq 100 index rose 190 points while the Dow Jones and S&P 500 indexes rose 1% and 0.5% respectively. Market participants pay attention to recent economic data to determine whether the recent trend in inflation is temporary or part of a long-term trend. At...
Read MoreVolume indicators are technical tools to assess the bullish and bearish power of a security. Most specifically look at buying pressure versus selling pressure to determine which side controls the price action. Others try to identify the emotions that move security at a particular time. For example, unusually high volume compared to a moving...
Read MoreStart the week of May 24, 2021 with our Forex forecasts focused on major currency pairs here. Publicity EUR / USD The euro initially climbed higher in the weekend trading session, but returned gains above the 1.22 grip. In doing so, the market ended up forming a bit of a shooting star, showing some...
Read MoreSterling technical forecast: bullish The British pound posted gains against the US dollar and the euro, but was slightly weaker against the Japanese yen. Across all three markets, the strength of the pound has been the main recent driver in recent years as one of the clearest trends on the forex side of the...
Read MoreThe market is a market that you cannot bypass anytime soon, because not only do you have the 50 day EMA and the potential extended trendline, but you also have the 6800 level which was so resistant recently. The FTSE 100 initially pulled back a bit during Thursday’s trading session, but then turned to...
Read MoreAustralia’s main commodity exports. Prices for iron ore, thermal coal and petroleum have all risen further since the previous statement, while a number of other commodity prices are also higher. The benchmark price for iron ore increased by 16 percent from the previous statement to beat its highest level in a decade. Demand for...
Read MoreOver the past five consecutive trading sessions, the price of gold has managed to benefit strongly from the falling US dollar. These gains of $ 1,890 per ounce are the highest in four months. The yellow metal was exposed to profit taking that pushed it towards the $ 1,862 an ounce level as the...
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