GBPUSD Breakout Above 1.3216
The British pound has moved to a fresh weekly trading high against the US dollar after British PM Theresa May announced that she wants to extend the United Kingdom’s departure date from the European Union. The GBPUSD pair has a...
AUD/USD Aims For Swing High At 0.7143
During the last 24 hours, the Australian Dollar versus the US Dollar has gained about 0.93% in value. The weekly S2 at 0.7058 provided support for the currency pair during yesterday’s trading session. Technical indicators suggest that the AUD/USD exchange...
GBPUSD Retains Upside Pressure On Recovery
GBPUSD retains upside pressure on recovery higher. Support stands at 1.3000 level. Further down, support comes in at the 1.2950 level where a break will turn focus to the 1.2900 level. Further down, support lies at the 1.2850 level. Below...
BTCUSD Eases Below 4½-Month High after Sharp Bullish Rally
BTCUSD skyrocketed to a fresh four-and-a-half-month high of 5052 earlier on Tuesday, finally creating an impressive bullish rally. Currently, the price is returning some of those gains but remains above the 23.6% Fibonacci retracement level of the upleg from 3313...
GBP/USD Outlook: Bears Extend on Rising No-Deal Brexit Fears
Sterling remains firmly in red ahead of start of the US session on Tuesday and extends weakness closer to psychological/trendline/Fibo supports at 1.30 zone. Rising fears of no deal Brexit continue to weigh on the pound, after PM May’s divorce...
Dollar Index Futures Could Get More Bullish In Short Term
Following the close under the 200-day moving average (MA), the US dollar index future price (with an expiry date in June) regained considerable ground to overcome its MAs once again and return above the Ichimoku cloud, staying mostly green over...
EURUSD Weakness Persists
The euro has continued to decline against the US dollar during the European trading session as the greenback recovers early week losses. The EURUSD pair has a strong bearish outlook while trading below the 1.1216 level, with breakout weekly support...
Market Morning Briefing: Euro Has Come Down To Test Immediate Support At 1.12
STOCKS Global equities remain broadly positive with a chance to dip from current levels in the near term before moving further higher. Shanghai looks much stronger among all and could be gearing-up for fresh rally in the coming weeks. Dow...
WTI Oil Outlook: WTI Hits New 2019 High, Supported by Supply Concerns
WTI oil price advances further on Monday and on track to mark eventual break above two-week congestion, after last Friday’s spike to $60.71 proved to be false break. Tighter oil market on OPEC+ production cut and sanctions on Iran and...
AUD/USD Outlook: Aussie Stands At The Front Foot On Fresh Risk Mode Ahead Of RBA
The Aussie dollar extends recovery above 0.71 handle on Monday, boosted by renewed risk appetite. Recovery emerged from solid Fibo support at 0.7066 on Friday, where two-day fall bottomed. Overall tone is still neutral as the price action remains within...
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