GBPJPY Faces Recovery Risk On Price Rejection
GBPJPY faces recovery risk on price rejection following its Thursday price rejection. On the downside, support comes in at the 142.00 level where a violation will aim at the 141.50 level. A break below here will target the 141.00 level...
Stocks making the biggest moves premarket: Hasbro, Coty, Expedia, Verizon & more
Check out the companies making headlines before the bell: Hasbro – The toy maker earned an adjusted $1.33 per share for its latest quarter, well below the consensus estimate of $1.67. Revenue was also below forecasts, with gaming revenue down...
Forex Vs Stocks: Top Differences & How to Trade Them
Forex Vs Stocks: Top Differences & How to Trade Them Traders often compare forex vs stocks to determine which market is better to trade. Despite being interconnected, the forex and stock market are vastly different. The forex market has unique...
Dollar In Demand For Now, But….
Friday February 8: Five things the markets are talking about Investor worries over economic growth and trade disputes have pushed global equities towards their first weekly loss in nearly two-months. Oil and metals are under pressure, while yen and sovereign...
EUR/USD – Euro Pauses For Breath After Dismal Week
EUR/USD is unchanged in the Friday session. Currently, the pair is trading at 1.1341, up 0.02% on the day. On the release front, Germany’s trade surplus widened to EUR 19.4 billion, above the estimate of EUR 18.3 billion. With no...
EUR/USD Depreciates To S1 At 1.1301
During Thursday’s trading session, the currency exchange rate was retraced by the 55-hour simple moving average to trade sideways at 1.1320. On Friday morning, the rate was located at the 1.1330 mark. In regards to the near-term future, most likely,...
GBP/USD Will Stay At 1.2900
During Thursday’s trading session, the currency exchange rate jumped by 142 pips or 1.11% to the 1.3000 mark. On Friday morning, the rate was located between the 55-hour and the 100-hour simple moving averages at the 1.2949 mark. In regards...
USD/JPY Will Surge To 110.00
During Thursday’s trading session, the currency exchange rate was resisted by the 55-hour simple moving average to trade sideways at 109.60. On Friday morning, the rate was supported by the 55-hour SMA at the 109.81 mark. In regards to the...
XAU/USD Is Resisted By 100-Hour SMA
During Thursday’s trading session, the yellow metal broke the resistance of the monthly pivot point at 1,308.46 to end the trading session at 1,309.46. On Friday morning, the gold was resisted by the 100-hour simple moving average at the 1,309.83...
BTC/USD 4H Chart: Trading Sideways
The Bitcoin cryptocurrency has been moving sideways against the US Dollar since January 29. The pair was trading between the upper and lower boundaries of a horizontal channel. As for the near future, it is likely that the BTC/USD currency...
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