GBPUSD Bearish Bias
Technical analysis The four-hour time frame shows that the GBPUSD pair has formed a large inverted head and shoulders pattern, although a final drop may need to happen to complete the structure of the pattern. The MACD indicator on the...
EURUSD Bullish Bias
Technical analysis The EURUSD pair has formed a notable inverted head and shoulders price pattern on the four-hour time frame, with an upside target of nearly 150 points. The Stochastic indicator on the four-hour time frame is approaching overbought territory...
Gold Supported Prior To NFP
Gold made a small breakout yesterday, but it is supported prior to the NFP. We might see a move up before the NFP. The main even the Nonfarm Payrolls will determine the move in gold. However, we might expect a...
US Job Growth Will Give The Dollar A New Flourishing
For markets, today is employment day. The US publishes its monthly jobs growth estimate. This indicator could regain its lost glory this month as the economic indicator that provokes the most volatility in the markets. Strong data this time will...
XAG/USD Tests Psychological Support
Silver falls as US treasury yields inch higher ahead of the jobs report. The rally above 25.40 had prompted sellers to cover, but the bulls have met stiff selling pressure at 26.00, a former support that has turned into a...
US 30 Consolidates Gains
The Dow Jones 30 consolidates as traders await today’s NFP. A new high above 35100 indicates that the bulls are still in control. Though profit- taking ahead of this catalyst has driven the index to the support at 34700. Sideways...
GBP/USD Seeks Further Support
The pound bounces higher on BOE’s upbeat inflation forecast for later this year. The rally above the daily resistance level at 1.3900 is a strong sign that buyers are willing to commit. A bullish MA cross on the daily chart...
Shares of South Korea’s Kakao Bank jump nearly 80% on the first day of trading
A currency dealer monitors exchange rates in a trading room at KEB Hana Bank in Seoul on June 21, 2021. JUNG YEON-JE | AFP via Getty Images Shares of Kakao Bank shot up nearly 80% during its market debut in...
Dollar Extending Recovery ahead of Job Data, Aussie Lower on RBA
Dollar is trying to extend this week’s recovery in Asian session, as focus turns to non-farm payrolls reports. Whether Fed would start tapering asset purchases by the end of the year, or earlier, would very much depend on the job...
Wells Fargo postpones return-to-office plans by a month amid coronavirus surge
Wells Fargo signage on May 5th, 2021 in New York City. Bill Tompkins | Michael Ochs Archives | Getty Images Wells Fargo has pushed back plans for employees to return to corporate offices by a month in response to the...
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