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...
Stocks making the biggest moves after hours: Salesforce, Ulta Beauty, HP and more
Signage on a Saleforce office building in San Francisco, California, U.S., on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Salesforce — Salesforce shares jumped 5% in...
Fed’s Kaplan cites real estate excesses as one reason to start tapering purchases
Dallas Federal Reserve President Robert Kaplan cited potential excesses in the housing market and other inflation signs as an indication that the central bank should start slowly pulling back on its asset purchase program. With the Fed still buying at...
Economic Growth: What is GDP Growth?
What is Economic Growth and Why is it So Important? Top news headlines are often dominated by the release of gross domestic product (GDP) figures and for good reason. The GDP release attracts a lot of attention from traders and...
AUD Yawns as Private Capex Shines
The Australian dollar is showing little movement on Thursday. In the North American session, AUD/USD is trading at 0.7739, down 0.01% on the day. Private capex jumps in Q1 It has been a good week for Australian releases. Earlier in...
What is Inflation. Its Global Impact. Explore
What is Inflation? Inflation is the rise in prices of goods and services in an economy over a period of time, and is often displayed in percentage form. For example, if inflation is 2%, this suggests that prices are (on...
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