GBP/USD Pressured By 55-, 100– And 200-Hour SMAs
Yesterday, the GBP/USD currency pair stepped lower to the psychological level at the 1.3060 mark. From a technical perspective, it is unlikely, that the pair could resume rising due to the resistance cluster formed by a combination of the 55-,...
USD/JPY: Long-Term Channel In Sight
On Thursday, the Japanese Yen depreciated 0.71% against the Greenback, as the US economic data came better-than-expected. On Friday’s morning, the currency pair reached the upper boundary of the long-term descending channel at 111.80. From a theoretical point of view,...
XAU/USD Likely To Decline
During yesterday’s trading session, the price for gold dropped to the psychological level at 1,290. Given that the XAU/USD exchange rate is pressured by the 200-hour SMA at 1,295.67, it is likely, that some downside potential prevails in the market...
How to Control Greed When Trading
Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Greed can very easily turn good...
USD/TRY The Upside Prevails
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Comment The RSI advocates for...
Euro Picks Up Broad Based Strength Thanks to Rebounds in Crosses
Euro jumps broadly in Asian session today, partly by extended rebound in EUR/AUD, EUR/CAD, and more importantly EUR/CHF. The common currency has clearly left behind the mild dovishness of ECB earlier this week. EUR/JPY also resumed recent rise thanks to...
After-hours buzz: Boeing, H&R Block & more
Check out the companies making headlines after the bell: Shares of Boeing ticked higher in extended trading Thursday on news that the aircraft-maker completed 96 flights testing performance of the 737 Max with updated software. The company is working to...
Stocks making the biggest moves midday: Tesla, Fastenal, Bed Bath & Beyond & more
Check out the companies making headlines midday Thursday: Chipotle Mexican Grill — Shares of Chipotle fell 2% after Jefferies lowered the stock’s rating to hold from buy on Thursday, saying the restaurant chain’s “valuation is full.” Chipotle’s shares have climbed...
Q1 Earnings Season: A Helping Hand or a Hand Out?
The time for the earnings season is coming again this Friday but unlike preceding releases, the S&P 500 companies are expected to have had a negative ride year-on-year in Q1 2019 for the first time since Q2 2016, with Refinitiv data suggesting...
Elliott Wave Analysis: Bulls Picking USDJPY Up
USDJPY is breaking higher according to the expectations of a strong USD. So, since we noticed a complex w-x-y corrective decline, USDJPY can be finally headed higher back to 112.15 highs, especially if pair starts breaking above 111.60 bullish confirmation...
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