Market Week Ahead: Gold Tests $2k, GBP/USD, EUR/USD Pop, USD Sags Markets remain risk-on with a range of US equity markets posting fresh multi-month highs. The VIX ‘fear gauge’ is at lows last seen at the start of 2020 and has fallen in excess of 46% from its late-October spike high. The growing feeling that
GBPUSD on the daily chart is testing the 200 day MA The GBPUSD is extending to the downside and now tests its key 200-day moving average of 1.2449 (see green line on the daily chart above). The price is also below its broken 38.2% retracement of the move down from the July high. The level
© Reuters. The currency pair experienced a rebound this week, testing resistance levels amidst a backdrop of favorable US consumer sentiment and personal spending data. The pair hit a new low at 149.47 before recovering to 149.77, marking a positive start to the week. The pair is currently testing resistance levels, with the previous high
© Reuters. Bank of China Hong Kong (BOCHK) is conducting a pilot project to examine the role of smart contracts in the proposed Central Bank Digital Currency (CBDC) of Hong Kong, using its mobile applications BOC Pay and BOC Bill Merchant App. The pilot aims to integrate point-of-sale functionality to lower technical barriers for merchants,
Gold, Silver Analysis Recommended by Richard Snow Get Your Free Gold Forecast Higher Rates, Yields, USD and now More Job Openings too A shock surprise in US job openings data revealed that more than 9.6 million jobs in the US have gone abegging. The consensus estimate hinted at only 8.15 million as the job market
Share: Oil (WTI) slides lower and starts flirting with first important support near $88. The US Dollar value keeps increasing as markets price in a possible persistent rate differential between USD and other currencies. Higher Oil prices have negative implications even for Oil producers. Oil prices drop for a second day in a row,
Euro (EUR/USD, EUR/GBP) Analysis Markets Await the Fed’s Summary of Economic Projections for Clues The euro has recovered a large portion of losses against the dollar, as markets look to the updated quarterly forecasts known as the summary of economic projections for clues. EUR/USD dropped immediately after the ECB decided to hike interest rates, for
The AUDUSD moved higher in trading today. Fundamentally, the RBA meeting minutes showed that the debate was for a 25 basis point hike which helped to support the AUDUSD in trading today. The move to the upside extended in the early North American session up to the high price from last week (on Friday) at
In this video, I take a take a technical look at the GBPUSD as we head into the weekend and prepare for the new trading week. What levels will be key technically next week and why? This article was written by Greg Michalowski at www.forexlive.com. لینک منبع : هوشمند نیوز
Share: The GBP/USD is testing three-month lows after closing flat or bearish for seven of the last eight weeks. UK data continues to disappoint, suggesting a floundering economic outlook. US data keeps beating expectations, boosting USD in major trading pairs. The Pound Sterling (GBP) is notably bearish for Thursday, briefly breaking beneath the
