Share: GBP/USD remains under selling pressure amid the Fed’s hawkish stance. The pair holds below the 50- and 100-hour EMAs on a four-hour chart. The oversold RSI condition indicates that further consolidation cannot be ruled out. The immediate resistance level will emerge at 1.2290; 1.2200 will be the critical support level. The GBP/USD
US Dollar, Euro, Australian Dollar vs. Japanese Yen – Price Action: USD/JPY’s gains have slowed recently, but the uptrend isn’t over. EUR/JPY and AUD/JPY’s uptrend remains intact. What are the key levels to watch in select JPY crosses? Recommended by Manish Jaradi Top Trading Lessons The status quo by the Bank of Japan (BOJ) at
It’s a light data agenda ahead to open the week in Europe: This snapshot from the ForexLive economic data calendar, access it here. The times in the left-most column are GMT. The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to
Major US indices attempted to bounce off their respective near-term support last Friday, but gains failed to sustain into the latter half of the session as selling pressures dominate. This came as the Federal Reserve’s (Fed) recent hawkish hold remains the overarching theme for the risk environment, which was further followed up by hawkish Fed
© Reuters. Economic strategists anticipate a potential resurgence of Thailand’s national currency, the baht, driven by recent growth initiatives announced by Prime Minister Srettha Thavisin. According to predictions by Ebury and Societe Generale (OTC:) SA on Monday, the baht is expected to strengthen by over 5% and reach 34 per dollar by the end of
Share: USD/JPY refreshes YTD top during the Asian session on Monday, albeit lacks follow-through. Intervention fears, along with a softer risk tone, underpin the JPY and caps gains for the pair. The Fed-BoJ policy divergence still favours bulls and supports prospects for a further move up. The USD/JPY pair touches a fresh high
If you’re a trader in the financial markets, you know how crucial it is to make well-informed decisions quickly. Timing is everything, and that’s where trading indicators come into play. One such indicator that has gained significant popularity is the Buy Sell Signals Arrows MT5 Indicator. In this article, we’ll dive deep into what this
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Crude Oil, WTI, Retail Trader Positioning, Technical Analysis – IGCS Commodities Update Crude oil prices paused rallying last week Retail traders slightly increased upside bets What is the short-term WTI outlook? Recommended by Daniel Dubrovsky How to Trade Oil Crude oil prices took a breather last week, leaving WTI little changed by Friday. This meant
There was some speculation that France would get involved in restoring Niger’s government after the recent coup but instead they have pulled out. France will end military cooperation and has recalled its ambassador. Niger is the world’s 22nd largest country but it’s extremely poor and has an extraordinarily young population and has the world’s highest
