GBPUSD Contests Stern Resistance Zone, Upside Risks Endure
GBPUSD has recoiled to the Ichimoku cloud’s upper surface around 1.4170 after the pair’s latest positive traction, activated near the 1.4100 mark, managed to only yet again peek temporarily above the 1.4200 handle. The bullish simple moving averages (SMAs) are...
Stocks making the biggest moves in the premarket: AMC Entertainment, Ulta Beauty, Salesforce.com & more
Take a look at some of the biggest movers in the premarket: AMC Entertainment (AMC) – The movie theater operator’s shares jumped another 15.4% in premarket trading, following four straight days of gains and a nearly 36% surge in Thursday’s...
US Dollar Index Outlook: Dollar Holds Gains And Eyes US Inflation Data For Fresh Direction Signal
The dollar remains within a narrow consolidation for the second day, following a bounce from 4 ½ month low (89.50) driven buy month-end flows that boosted demand for the greenback. Friday morning trading is quiet as investors await US inflation...
EUR/USD Pair Is Now Consolidating Losses From The 1.2181 Low
The Euro started a downside correction from the 1.2250 resistance zone against the US Dollar. The EUR/USD pair broke the 1.2220 support zone to move into a short-term bearish zone. It even broke the 1.2200 support and there was a...
GBP/USD Outlook: Sterling Holds Gains After Hawkish Comments From BoE Policymaker But The Action Remains Within The Extended Range
Cable is consolidating after Thursday’s 0.60% jump on comments from BoE policymaker Vlieghe who said that the central bank could raise interest rates as soon as the first half of 2022 if the labor market recovers faster than expected. Fresh...
GBPUSD 1.4235 Now Key
The British pound is starting to rise against the US dollar, with the pair probing back towards the technically important 1.4200 resistance area. Lower time frame analysis shows that a break above the 1.4235 level would invalidate a large head...
BTCUSD Bearish Under $37,000
Bitcoin has retraced back under the $37,000 support area after the top cryptocurrency once again failed to make traction above trendline resistance close to the $40,500 level. The BTCUSD pair could start to retrace back towards the $35,000 price area...
EUR/USD Outlook: Break Of Trendline Support To Trigger Deeper Pullback
The Euro stands at the back foot in early Friday’s trading, signaling a possible continuation of a pullback from 1.2266 high, after Thursday’s neutral mode (Doji candle). Fresh easing cracked trendline support at 1.2175 (bull trendline from 1.1704, 2021 low),...
GBPJPY Hovers Near New 40-Month Highs
GBPJPY had a strong green day on Thursday, charting a fresh 40-month high at 156.06. The price is currently holding above the bullish crossover within the 20- and 40-period simple moving averages (SMAs) as well as above the Ichimoku cloud....
Yen Selling Takes Off, More Downside for Today
Yen’s selling took off overnight, following rebound in treasury yields. Weakness is somewhat solidified in Asian session, together with the strong rebound in Nikkei. With some technical levels broken, Yen’s decline could extend before weekly close, and it’d likely end...