GBP/USD: Retracement In Bullish Trend
The GBP/USD is in a retracement mode after getting within the 1.3350 zone. We might see a bounce from the POC zone if the price makes a bullish reversal candle pattern formation. The POC zone 1.3225-1.3350 is a potential bounce...
GBPAUD Eyes Long-Term Bullish Outlook But Looks Overbought
GBPAUD recorded three strong bullish days this week to fully recover towards the 1.8724 top. A crucial battle is currently taking place around this area, as any decisive step higher would reactivate the 2 ½ -year old upward pattern, turning...
Understanding Forex Rollover
What is Rollover? Rollover is the interest paid or earned for holding a currency spot position overnight. Each currency has an overnight interbank interest rate associated with it, and because forex is traded in pairs, every trade involves not only...
GBP/USD Bull Flag Pattern In Wave 4 Pullback
A GBP/USD bullish breakout and bounce at the 50% Fib could complete the wave C (blue) of wave Y (purple) of wave 4 (pink). A bullish break above the 61.8% Fib, however, could indicate a different wave pattern than the...
Sideways: JPM Coin – to ubiquity and beyond!
Almost two weeks after launching JPM Coin, a digital token that will use blockchain technology to make payments, the bank held its investor day in New York on February 26 and promoted the new venture within a presentation designed to...
Nikkei Outperforms As USD/JPY Rises
All information provided by Trade The News (a product of Trade The News, Inc. “referred to as TTN hereafter”) is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to Buy or...
Strong Macro Figures Out Of China And The US
Market movers today In the US, the ISM manufacturing is due out this afternoon, which is expected to fall slightly. In the euro area, we get preliminary HICP inflation for February. From the country HICP figures yesterday, we still expect...
Yen Decline Accelerates on Widening Yield Spreads
Yen’s decline continues today and remains the weakest one for the week. Widening treasury yields is seen as the main driving force behind Yen’s selloff. German 10-year yield at 0.186 is now heading back towards 0.2 handle. The rebound on...
USD/JPY In Significant Uptrend Above 111.00
Key Highlights The US Dollar climbed higher and broke the 111.00 resistance against the Japanese Yen. There is a crucial bullish trend line in place with support at 110.60 on the 4-hours chart of USD/JPY. – advertisement –
The...
HBO boss Richard Plepler wanted more autonomy at AT&T, and his departure is an ominous sign
AT&T spent more than $85 billion to acquire Time Warner and its crown jewel, HBO. Now, just two days after the U.S. government finally gave up its pursuit to block the deal, HBO’s CEO Richard Plepler is resigning. According to...
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