GBP/USD Outlook: Cable Rises on Brexit News and Pressures Key Barriers
Cable rose above 1.29 mark on weaker greenback after US data and the latest Brexit Party news and holding firmly above 20DMA (1.2872) that generates initial bullish signal. Fresh advance pressures pivotal barriers at 1.2920 zone (Fibo 61.8% of 1.3012/1.2768/...
WTI OIL Outlook: WTI Price Inflated by Market Optimism But Remains Congested Between 200DMA & Daily Cloud Top
WTI oil price stands at the front foot on Friday and accelerated above $57 mark on weaker dollar after US data. Optimism that the OPEC+ group will maintain its agreement for oil supply cut and fresh hopes for US/China trade...
Dollar Mixed as Retail Sales Offset By Other Weak Data
Dollar is mixed for today as markets head toward weekly close. Economic data from the US are generally disappointing, but sentiments seemed to be lifted by comments regarding US-China trade deal. Global stock markets also stabilized while US equities are...
USD/CAD Probes Resistance ahead of US Retail Sales
Today will see the release of several macroeconomic pointers from the US, starting from 13:30 GMT. Among them, we will have the latest monthly retail sales and industrial production data. The US dollar will therefore be in focus. Here is...
EUR/USD Reached 1.1030
On Thursday, the EUR/USD currency pair raised to the psychological level at 1.1030. During today’s morning, the pair was testing the support provided by the 100-hour SMA at 1.1017. If the given support holds, it is likely that some upside...
GBP/USD Supported By Moving Averages
Yesterday, the GBP/USD exchange rate increased to the 1.2880 level. During Friday morning, the rate was trading at the given level. Note that the currency pair is supported by the 55-, 100– and 200-hour moving averages, currently located circa 1.2850....
USD/JPY Could Consolidate
Yesterday, the USD/JPY currency pair tried to surpass the support level formed by the weekly S1 and the Fibo 38.20% at 108.44. During Friday morning, the pair was testing the resistance formed by the 55-hour SMA at 108.69. If the...
XAU/USD Consolidated At 1,470.00
On Thursday, the XAU/USD exchange rate tried to surpass the resistance level formed by the monthly S1 and the 200-hour SMA at 1,475.18. During today’s morning, the rate was testing the support formed by the 55– and 100-hour SMAs, as...
Election Headlines Inflate The Pound
The british pound appears set to recover from last week as market participants seem convinced that the fact that Jeremy Corbyn’s Labor party “close to zero” chance to win majority in the 12 December 2019 general elections should make the...
ETHUSD Bullish Bias
Ethereum is performing fairly well despite the recent heavy losses seen across the broader cryptocurrency market this week. Continued gains above the $180.00 level are now needed to challenge towards the top of the ETHUSD pair’s short-term trading range. Crypto...
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