EUR/PLN 4H Chart: Falling Wedge Pattern In Sight
Since the beginning of January, the EUR/PLN currency pair has been trading within a falling wedge pattern. From a theoretical point of view, it is likely that the exchange rate could continue to decline within the predetermined pattern in the...
EUR/USD Trades Below 1.2180
Yesterday, the EUR/USD currency pair reversed south from the psychological level at 1.2240. It is likely that the exchange rate could be pushed down by the resistance area formed by the 55– and 100-hour SMAs, as well the weekly R1...
GBP/USD Touched 1.3900
The GBP/USD exchange rate has declined to the 1.3900 level. It is unlikely that some upside potential could prevail in the market due to the resistance area formed by the weekly PP and the 200-hour SMA in the 1.3960/1.4000 area....
USD/JPY Trades Above 106.20
On Thursday, the USD/JPY currency pair exceeded the weekly R1 located at 106.17. It is likely that now the pair could gain support from the given pivot point and the 55-hour SMA near 106.01. Thus, some upside potential could prevail...
XAU/USD Tests Lower Pattern Line
During Friday morning hours, the XAU/USD exchange rate was testing the lower boundary of the falling wedge pattern. From a theoretical point of view, it is likely that the price for gold could reverse north and increase in the nearest...
USD Gains As Yields Rise
The USD tended to gain against a number of its counterparts yesterday, while US stockmarkets displayed sharp drops as USD enjoyed safe haven inflows and USD buyers were also encouraged by the rise of the US yields. Its characteristic of...
Britain should overhaul listings to boost its $15 billion fintech sector post-Brexit, review says
Icons for the Monzo and Starling banking apps on a smartphone. Adrian Dennis | AFP via Getty Images LONDON — The U.K. should reform listings rules and visa applications to help its £11 billion ($15.3 billion) fintech sector thrive after...
Gold Downtrend Continuing Towards 1720 Zone
As expected, Gold has made the move lower to 1755 zone. The downtrend is expected to continue towards 1720. If the market makes a pullback to the 78.6-88.6 zone we should see another leg of selling. We can also see...
Yields Up, Stocks Down, Dollar and Yen Rebound
US stocks suffered steep selling overnight on sharp rally in treasury yields, and the selloff carried forward to Asian markets. Yen and Dollar ride on the turn in risk sentiments and rebounded, together with Dollar. Australian and New Zealand are...
Market Morning Briefing: Dollar-Yen Has Dipped Slightly From 106.40/43 Levels
STOCKS Equities seem to be coming under pressure. The resistance at 32000 on the Dow is holding well and a fall below 32000 can give an early sign of a reversal. DAX is struggling to breach 14000 decisively and looks...