GBPUSD Outlook: Sterling Falls on News that UK Labor Party Would Vote against PM May’s Brexit Deal
Sterling fell across the board in mid-European session trading after announcement that Britain’s Labor party will vote against any Brexit deal reached by PM Theresa May. Labor party expects that their decision would result in no viable deal in divorce...
USDJPY: Retains Bullish Tone With Eyes On 112.14/50 Zone
USDJPY: The pair continues to retain its upside pressure following a rally on Thursday. This development leaves risks of more recovery towards 112.14/50 levels. Further up, resistance resides at the 113.00 level. A move above here will open the door...
Gold Looks Mostly Neutral in the Short-Term; Bearish Medium-Term Outlook to be Challenged?
Gold has been moving within a relatively narrow range between 1,187.58 and 1,214.15 from late August onwards. The RSI is hovering around the 50 neutral-perceived level, pointing to the absence of momentum in either direction in the short-term. On the...
US 30 Index Remains Bullish, Eyes All-Time Highs
The US 30 index continued to advance in recent weeks, posting higher highs and higher lows on the daily chart while remaining above both its 50- and 200-day simple moving averages, which are positively aligned in support of a bullish...
XAU/USD Analysis: Was Located At 1,208
The gold price appreciated 0.09% since Thursday’s trading session. During Friday morning hours, the yellow was surging upwards into the pattern and was located at the 1,208.00 level. In regards to the near future, the yellow metal should bounce off...
EUR/USD Analysis: Is At Weekly R2
The European Single Currency appreciated 0.64% against the US Dollar since Thursday’s session. The currency exchange rate was located near the weekly R2 at the 1.1710 level during Friday morning hours. In regards to the near future, most likely, the...
GBP/USD Analysis: Locates At 1.3120 Mark
The British pound appreciated 0.48 % against the US Dollar. The upper boundary of the medium ascending line resisted the rate and force it to stay into the pattern at the 1.1320 mark during Friday. In regards to the near...
USD/JPY Analysis: Trades At 111.80 level
The US Dollar appreciated 0.58% against the Japanese Yen since Thursday’s session. On Friday, the currency pair was located at the 111.80 level between the weekly R1 at the 111.72 mark and the monthly R1 at the 112.27 mark. In...
Market Morning Briefing: Dollar Yen Has Breached Resistance On Daily Candles
STOCKS Dow (26145.99, +0.57%) is overall stable and trying to move up from here. The index is in the near term up trend and may move up towards resistance near 26500. Immediate support is seen at 25750. Dax (12055.55, +0.19%)...
USD/JPY Is Likely To Continue Higher Above 112.00
Key Highlights The US Dollar recovered nicely after testing the 110.00 support against the Japanese Yen. There are two key bullish trend lines in place with support near 110.80 on the daily chart of USD/JPY. The US Consumer Price Index...
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