EURGBP Grinds Lower, But Takes A Breather Near 0.8500
EURGBP reversed course in August after touching a decade-high of 0.9325, and has since been trending lower, with price action consisting of lower peaks and lower troughs in recent months. Yet, the bears seem to have lost their mojo near...
GBPJPY Attempts Break Above Unwavering Neutral Market
GBPJPY’s recent bounce off the 200-period simple moving average (SMA) pushed the price above the other SMAs but was halted at the 141.72 upper boundary of the range, where momentum seems to have faded again. The pair continues to be...
USDJPY 109.60 Critical
The US dollar is trading towards the best levels of the week against the Japanese yen currency, as traders attempt to break the 109.60 resistance level. A breakout above the 109.60 level should see the USDJPY pair advancing towards the...
GBPUSD Still Bullish
The British pound is trading around the 1.2880 level against the US dollar, with sellers in control of the pair over while price trades under the 1.2900 level. A sustained breakout above the 1.2960 level is now needed to secure...
XAU/USD Remains Above 1,454.00
On Thursday, the XAU/USD exchange rate traded sideways around the psychological level at 1,456.00. During today’s morning, the rate was testing the resistance formed by the 55– and 100-hour SMAs at 1,457.00. If the given resistance holds, it is likely...
USD/JPY Tests Fibo 50.00%
Yesterday, the USD/JPY currency pair tried to surpass the resistance level formed by the Fibonacci 50.00% retracement at 109.58. During Friday morning, the pair continued to test the given resistance. From the one hand, the exchange rate could reverse south...
GBP/USD Could Trade Downwards
Yesterday, the GBP/USD exchange rate reversed south from the upper boundary of the short-term ascending channel. During Friday morning, the rate was testing the support formed by the 55-, 100– and 200-hour SMAs, as well the weekly PP in the...
GOLD Downtrend Continues As Long As Higher TF Show Bearish Trend
Amidst Low volatility, the solution is to drop to lower TFs and trade the trend. Gold is performing slightly better in terms of ATR, but it’s still slow. 1465-70 Zone might show fresh sellers as the price is still bearish....
Ukraine’s central bank blames Kolomoisky for campaign of intimidation
The National Bank of Ukraine headquarters in Kyiv Ukraine’s central bank has issued an unprecedented statement accusing local oligarch Ihor Kolomoisky, the former owner of nationalized lender PrivatBank, of orchestrating a campaign of intimidation against the institution and its staff....
Yen Soft on Treasury Yields, Shrugs Free Fall in Hong Kong Stocks
The forex markets are rather quiet in Asian session today, but risk aversion is dominating in stocks as lead by deep decline in Hong Kong. Institutional investors could be starting to light up their positions just ahead of an important...
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