US third-quarter economic growth revised down to 3.4%
The U.S. economy slowed in the third quarter a bit more than previously estimated, but the pace was likely strong enough to keep growth on track to hit the Trump administration’s 3 percent target this year, even as momentum appears...
Investors Sprint to Safety ahead of Christmas Break
The pain felt across global equity markets intensified today as growing fears of a U.S. government shutdown crippled risk sentiment. It has been a remarkably terrible trading week for financial markets amid concerns over rising U.S. interest rates, decelerating global...
How to Read a Candlestick Chart
Reading candlestick charts – Talking points: Candlestick charts differ greatly from the traditional bar chart Traders generally prefer using candlestick charts for day-trading because they offer an enjoyable visual perception of price It’s important to understand the key components of...
Canadian Dollar Steady ahead of US, Canadian GDPReports
USD/CAD has gained over 1 percent this week and continues to post gains on Friday. Currently, the pair is trading at 1.3535, up 0.21% on the day. Earlier in the day, the pair touched a high of 1.3541, its highest...
FX: Drawing a line under market movements
Stops are an important risk and trade flow management tool, especially in managing books of smaller FX trades spread across multiple venues and counterparties. As trading has become more electronic and automated, stop-loss orders have become even more useful and...
USD/JPY Outlook: The Dollar Consolidates After 1% Fall, Bears Look For Extension Below Key 200SMA/Fibo Supports
The pair consolidates after the biggest one-day fall since early Jan on Thursday. Strong risk-off mode on growing concerns about global growth and fall in oil prices keep the dollar under pressure, with no positive impact from less dovish than...
GBPUSD Trapped Inside Wedge Pattern
The British pound is maintaining upside pressure on the US dollar on Friday, with short-term buyers still holding price around the 1.2660. The GBPUSD pair is currently trapped within a rising wedge pattern on the lower time frames, with a...
EURUSD Attempting To Recover
The euro is attempting to recover higher against the US dollar after dropping towards the 1.1410 support level during the European trading session. The EURUSD pair is once again testing around the pivotal 1.1430 level, where the next directional move...
GBPJPY Stabilizes At 4-Month Lows, Decline Looks Oversold
GBPJPY paused selling at a four-month low of 140.55 on Thursday, with the RSI hinting that a rebound could possibly take place in the four-hour chart as the indicator is fluctuating below 30 in oversold territory for the second day....
EUR/USD Analysis: Reveals Ascending Pattern
The EUR/USD currency exchange rate has revealed an ascending channel pattern. The pattern represents the rate’s surge following the bounce off from the lower trend line of a dominant descending pattern. In the near future the rate is expected to...
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