GBP/USD Trades At 1.3700
During Friday morning hours, the GBP/USD exchange rate pierced the weekly PP at 1.3694. It is likely that the currency pair could gain support from the 55-, 100– and 200-hour SMAs in the 1.3650/1.3684 range. Thus, some upside potential could...
USD/JPY Tests 105.60 Level
Since today’s early morning hours, the USD/JPY currency pair has been testing the 105.60 level. It is unlikely that some downside potential could prevail in the market due to the support area formed by the 55– and 100-hour SMAs, as...
XAU/USD Could Decline In Short Term
Yesterday, the XAU/USD exchange rate declined to the 1,790.00 level. It is likely that some downside potential could continue to prevail in the market, as yellow metal could be pushed down by the 55-hour moving average near 1,817.45. The rate...
LTCUSD Correction Over
Litecoin appears to be looking more bullish in the short-term, following a short-lived technical correction towards the $140.00 support area. In the near-term, gains above the $160.00 level are required to gain upside momentum towards the $180.00 resistance zone. To...
BTCUSD Holds Support
Bitcoin is starting to look ready to rally once again after bulls were able to defend key technical support, around the $36,000 area. The BTCUSD pair is currently probing towards the top of a triangle pattern and looks set to...
Dollar Strong in Risk-On Markets, Non Farm Payrolls in Focus
Return of risk-on markets, after some solid economic data, pushed S&P 500 and NASDAQ to new record highs overnight. Yen and Swiss Franc trade broadly lower naturally but Euro was not far behind. Commodity currencies, while firm, are so far...
Market Morning Briefing: Aussie Has Broken Below 0.76
STOCKS Equities continue to move up and will be coming closer to their crucial resistance in some time. So as mentioned yesterday, we would be approaching cautiously as the equities move up from here. Dow has risen above 31000 but...
Asia Open: The Dollar Continues To Squeeze Bears With Firmer US Data
Firmer US data overnight helped propel the dollar and further confound bears who remain positioned for a deeper macro sell-off. The Dollar Continues to Squeeze Bears with Firmer US Data GBP and USD were strongest majors overnight, CHF and JPY...
Stock futures are flat as major averages try to finish best week since November
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures were flat in overnight trading on Thursday, following a four-day winning streak on Wall Street as investors awaited a closely-watched January jobs report. Futures on the...
BOE Upbeat about Inflation Outlook. Negative Rate Seems Unlikely although It is Not Ruled Out
As expected, BOE left the Bank rate unchanged at 0.1%. Meanwhile, the QE program also remains at 875B pound worth of government bonds, and 20B pound of corporate debt. The economic projections reveal that policymakers are more optimistic about inflation...
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