GBP/USD Flat Despite Soft GDP, Manufacturing Data
GBP/USD continues to have a quiet week, as the pair is drifting in the Friday session. In the European session, the pair trading at 1.2940, up 0.02% on the day. British GDP falls short of estimate The UK released its...
Canadian Powers Up on Job Data, Dollar Tumbles on Risk-on Markets
Canadian Dollar strengthens against most major currencies in early US session as boosted by stronger than expected job data. That comes in the back ground of this week’s strong rally in oil price too. On the other hand, Dollar is...
NZDUSD Displays Directionless Market; Advances Curbed by 100-MA
NZDUSD appears to be stuck in a horizontal market, backed by the Ichimoku cloud, and is currently capped by the downward sloping 100-period simple moving average (SMA) at 0.6620. The pair is struggling to overtake this level that also happens...
CADJPY Advances To Fresh Highs Within Overbought Area
CADJPY had its best week since early August, appreciating by 1.5% to an almost one-month high of 80.44. In the four-hour chart, the pair rallied beyond its 200-period simple moving average (SMA), while the 20-period SMA has further reduced its...
Stocks making the biggest moves in the premarket: Xilinx, NXP Semiconductors, Apple, Disney & more
Take a look at some of the biggest movers in the premarket: Xilinx (XLNX) – Advanced Micro Devices (AMD) is in advanced talks to buy the specialty chipmaker, according to The Wall Street Journal. People familiar with the matter say such...
AUD/CHF 4H Chart: Bears Could Prevail
The AUD/CHF exchange rate has been trading within a descending triangle pattern since the end of August. Given that the currency pair is pressured by the 55– and 100-period moving averages near 0.6570, it is likely that a breakout south...
AUD/CAD 4H Chart: Falling Wedge Pattern In Sight
The AUD/CAD currency pair has been trading downwards within a falling wedge pattern since the beginning of September. From a theoretical point of view, it is likely that the exchange rate could continue to decline within the predetermined pattern in...
EUR/USD Could Trade Upwards
Yesterday, the EUR/USD currency pair re-tested the lower line of the short-term ascending channel. From a theoretical point of view, it is likely that some upside potential could prevail in the market, and the exchange rate could re-test the upper...
NZD/JPY 4H Chart: Breakout Could Occur
The New Zealand Dollar has surged by 168 pips or 2.44% against the Japanese Yen since September 24. The currency pair tested the 200– period simple moving average at 70.32 on October 6. Currently, the exchange rate is trading near...
UK economy grew 2.1% in August, below analyst expectations, as recovery from the coronavirus pandemic slows
The White Lion pub seen at the Covent Garden. UK Covid-19 cases are now doubling every seven to eight days, Prime Minister Boris Johnson is considering national restrictions for a short period to “short-circuit” the virus. SOPA Images | LightRocket...
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