14 Nov 2022 @ 11:02
EUR/GBP moves higher for the 2nd day in a row today (Monday). Also, it is now holding to moderate in-day profits during the opening hours of the European session. The pair is now positioned beyond the mid-0.8700s however lacks any follow-through buying confidence. The pair keeps attracting some assistance from bets for an increased policy […]
11 Nov 2022 @ 11:09
USD/JPY recorded moderate gains during the early hours of today (Friday). This saw the pair recovering some losses due to a CPI-induced dip towards 140.20. Nevertheless, the in-day uptick failed around 142.00s and the USD/JPY pair gave up most of its in-day gains, as it falls below 141.00 in the first part of the European […]
10 Nov 2022 @ 12:41
EUR/USD lost its footing and has fallen under the 1.000 price level during the early hours of today (Thursday). The short-term outlook reveals that this price decline is due to a lack of buyers. Nevertheless, the United States October CPI data will soon give a new direction to the pair. The risk avoidance situation helped […]
09 Nov 2022 @ 09:33
GBP/USD oscillates near the mid-1.1500s, this happened while the 4 days uptrend as buyers and sellers struggles during early Wednesday. The pair’s past gains can be related to the wide USD lack of upside momentum. The BOE Economist Huw Pill pointed out recession worries during panel discussion. He as well included that the Bank of […]
08 Nov 2022 @ 12:30
Gold appears to be putting an end to its downtrend. This is happening as the subdued United States Treasury yield provided some assistance. The United States Dollar rebounds strongly during a cautious market sentiment on Mid-term Election Day. Gold bulls stay optimistic as strong support lies at the $1,660 price level. XAU/USD price recently obtained […]
01 Nov 2022 @ 04:12
EUR/USD was bought and sold near the 0.9920 price level during the opening of this week, following its closing at the 0.9965 price level three days ago (Friday). The money market commenced the week on a poor note during lukewarm Chinese data. Consequently, this indicates more economic regression in October. This can be seen as […]
28 Oct 2022 @ 14:09
The new UK government gave a boost to sterling, GBP/USD rallied to the main resistance line on the chart below. This followed a steep decline when the budget was announced in September. Markets don’t move in a straight line but they tend to folow the same path. The path for GBP/USD is down, I believe […]
18 Oct 2022 @ 09:29
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18 Oct 2022 @ 09:11
Successful traders may differ in their trading strategy, but they do have one thing in common. Pro traders have learned to manage key emotions that affect their results. Here’s how you can do the same. Finding and properly following a proven trading strategy is one of the most important steps to becoming a successful stock […]
14 Oct 2022 @ 08:30
GBP/USD is being defensive as it is being bought and sold above the price level of 1.1300. Furthermore, the pair continues making attempts to reach higher footholds. Also, talks about the United Kingdom PM Truss’ tax reduction plan and the return of Kwartang to London puts buyers and sellers on the edge. Additionally, the milder […]