GBPCHF Breaks Below 138.2% Fibonacci Extension, Nears October 2016 Lows
GBPCHF tumbled from 1.3400 on May 3, after failing to break above a previous ten-month high. The pair paused slightly around the sixteen-month low of 1.2292, before reviving the down move past 1.1864, being the 138.2% Fibo extension level of...
The Psychology of Speculation in the Forex Market
Forex speculation is the name of the game in trading. Every trader, at some point or another, has to click ‘buy’ or ‘sell’ and commit to a position based on their analysis even though there is no guarantee of success....
Dollar Recovering While Yen Softens as Currency War Fear Recedes Mildly
Market sentiments stabilized with recoveries seen in European stock markets, while US futures also point to a solid rebound. The China’s Yuan also pares back some of yesterday’s steep losses on rumors that a PBoC official reassured foreign companies that...
GBPUSD Recovery Threats Remain Towards 1.2249 Level
GBPUSD recovery threats remain towards 1.2249 level as we expect more strength in the days ahead. Support comes in at 1.2150 with a turn below that level shifting focus to the 1.2100 level. Further down, support resides at the 1.2050...
EUR/USD Reached 1.1220 Level
Yesterday, the EUR/USD currency pair reached the resistance level formed by the weekly R2 at the 1.1234 mark. During today’s morning, the pair was trading near the given resistance. If the given level holds, it is expected, that a reversal...
Sentiments Stabilize While US-China Trade War Turns into Currency War
Asian markets tumbled sharply earlier today in response to US designation of China as currency manipulator. USD/CNH also jumped to new high at 7.1399. But China’s PBoC appeared to be trying to “smooth” Yuan’s decline despite hard line rhetorics elsewhere....
Asian Equities Decline As US/China Trade War Continues To Escalate
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...
Trade war turns into ‘nasty’ currency war as US calls China manipulator for first time since ’90s
The Trump administration took the trade war up another notch, calling China a currency manipulator and ratcheting up expectations that the White House has other moves it could make to retaliate against China. Last used in the 1990s, the designation...
EUR/USD Outlook | Andreas Steno Larsen | Podcast
EUR/USD Outlook: Key Points Covered in this Podcast: Where is EUR/USD headed? How much further can GBP fall? An insight into the Scandinavian currencies In this edition of our podcast Trading Global Markets Decoded, our host Martin Essex is joined...
Stocks making the biggest moves midday: Tyson Foods, Apple, Macy’s, ON Semiconductor & more
NEW YORK, NY – OCTOBER 26: Traders and financial professionals work ahead of the closing bell on the floor on the New York Stock Exchange (NYSE), October 26, 2018 in New York City. Drew Angerer | Getty Images News |...
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