GBPUSD Takes A Tumble
The British pound has tumbled back under the 1.3700 support level against the US dollar after the UK posted weaker Retail Sales data and the government threatened to close its borders. Technical analysis highlights that the 1.3660 level is the...
ECB On Hold And Hoping To Stay There
As expected, no policy change delivered or signalled. ECB emphasises mixed signs in current oulook. Obstacles to early policy changes look immense. Preserving ‘favourable financing conditions’ the key current focus for ECB. But guidance lacking on what ‘favourable conditions’ might...
Euro Rebounds Against While Stock Traders Take Profit
The forex markets are reversing some of this week moves today, as stock investors are also taking some profits ahead of the weekend. Euro is the better performing so far, followed by Swiss Franc, Dollar and Yen. Meanwhile, Sterling and...
USD/JPY Extends Losses, Recovery Could Face Hurdles
Key Highlights USD/JPY extended its decline below the 103.50 support. A major bearish trend line is forming with resistance near 103.80 on the 4-hours chart. The US Initial Jobless Claims in the week ending Jan 16, 2021 declined from 926K...
Stock futures flat as markets look to end record-setting week
John Nacion | NurPhoto | Getty Images Contracts tied to the major U.S. stock indexes held around the flatline Thursday evening as Wall Street appeared headed to close out the record-setting week on a muted note. Dow futures lost 27...
The Most Volatile Currency Pairs and How to Trade Them
FX markets are susceptible to a range of factors which affect their volatility, and many traders look to tailor their strategies to capitalize on the most volatile currency pairs. Currency volatility, often measured by calculating the standard deviation or variance...