GBPUSD prints new lower low, reaches long-term support trendline Technical signals remain discouraging; more sellers wait below 1.2950 GBPUSD is currently in its fourth consecutive week of losses, gradually slipping below the 1.3000 mark for Read more…
Gold and Silver prices reach new highs amidst a rising US Dollar, driven by global uncertainties and a potential Trump Presidency. Silver’s demand/supply dynamics bode well for further gains. The US Dollar Index (DXY) strengthens Read more…
Microsoft edged higher in early trading after a pair of Wall Street analysts revisited their ratings and prices targets on the world’s third biggest tech company ahead of its first quarter earnings report later next Read more…
The Japanese yen has posted sharp losses on Wednesday. In the European session, USD/JPY is trading at 152.67, up 1.06% at the time of writing. The yen is down 2.1% this week and has plunged Read more…
The USD/JPY currency pair surged to near three-month highs, hitting 151.79, driven by the strengthening US dollar and rising US government bond yields. The appreciation of the US dollar was supported by favourable macroeconomic data Read more…
The dollar remains in strong bullish acceleration for the third consecutive day, boosted by expectations that Trump’s victory in the US presidential election would boost the economy and ease pressure on Fed, while fading expectations Read more…
Strong acceleration higher in Asian / early European trading on Wednesday (the pair was up 1%) pushed the USDJPY’s price to new multi-week highs, last traded in late July. Recent break of psychological 150 barrier Read more…
EURUSD dipped below psychological 1.08 support and hit new multi-week low in early Wednesday. Larger bears remain firmly in play and reinforced by the most recent formation of 10/200DMA death cross, with daily close below Read more…
In mid-October, the Nikkei 225 index attempted to break through the psychological barrier of 40,000 points but ultimately reversed direction. This week, the index has continued its downward trend, driven by concerns surrounding the upcoming Read more…
Market Picture The crypto market is developing a correction at a moderate pace. It has lost 1.3% more over the last day to $2.31 trillion, down around 3% from the recent peak. At the same Read more…