GBPJPY Flickers Green In A Directionless Market
GBPJPY is mostly edging sideways and has recently found some footing off the 150.96 level, this being the 23.6% Fibonacci retracement of the up leg from 134.39 to 156.06. The flattening out of the 50- and 100-day simple moving averages...
GBP/AUD Found Buyers After Elliott Wave Zig Zag
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of GBPAUD, published in members area of the website. As our members know, we’ve been calling rally in the Forex Pair. The pair made pull...
Swiss Market Index (SMI) Developing A Motive Wave From March 2020
The Swiss Market Index (SMI) is one of the other Capital Markets worldwide that is building motive wave from the lows of March 2020. We can clearly see that it has already completed 3 waves to the upside and we...
EUR/USD Pair Is Now Attempting A Recovery From The 1.1750 Low
The Euro started a fresh decline from well above 1.1820 against the US Dollar. The EUR/USD pair traded below the 1.1800 and 1.1780 support levels. The pair even declined below the 1.1765 zone and settled below the 50 hourly simple...
Investors Awaiting Inflation Data In Europe
Despite a slight increase in initial jobless claims, strong US retail sales data strengthened the dollar index and gave even more reason to believe that the Federal Reserve will announce the start of QE program cuts at its meeting on...
USDCAD Fails To Gain Optimism For Bullish Bias In Short-Term
USDCAD has been trading back and forth the 20-day simple moving average (SMA) over the last month, failing to improve the bullish view in the short-term. The pair rebounded off the six-year low of 1.2012 and is creating higher highs...
GBP/USD Falls Through Trendline
The US dollar’s rally across the board puts the sterling on the defense. The pair has been climbing along a rising trendline. Then it met stiff selling pressure in the daily supply zone near 1.3900. An initial fall below 1.3800...
Sterling Dips after Retail Sales, Yen Reversing Gains in Quiet Markets
Overall markets are relatively quiet today so far. Yen continues to reverse this week’s gain as risk sentiment appear to have stabilized. Dollar also softens while Sterling dips mildly after poor retail sales data. On the other hand, commodity currencies...
Jay Leno says, ‘the electric car is here to stay,’ despite Chevy Bolt recalls
Jay Leno gave CNBC’s “The News with Shepard Smith” an optimistic outlook when it comes to the future of electric cars, despite the latest warning from General Motors to owners of some Chevy Bolts, advising them not to park within 50...
Retail Sales Strong Beat; US Dollar Bid Continues
US Retail Sales for August was much stronger than expected, even with the lower revisions from July’s print. The headline print was +0.7% vs an expectation of -0.8%. However, the July number was revised lower from -1.1% to -1.8%, which...
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