GBPUSD hits a new two-month low as Trump wins White House Short-term outlook remains bearish; focus on 200-SMA for potential support Bank of England, Fed announce their rate decisions today GBPUSD took a sharp dive to a two-month low of 1.2833 on Tuesday as the return of Trumponomics gave fresh impetus to the greenback. On Wednesday, […]
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US 100 index trades sideways, a tad below its all-time high It continues to battle with the August 5, 2024 trendline Momentum indicators are modestly bullish at this stage The US 100 cash index is Read more…
The start of the final trading week of November has been eventful. Several currency pairs experienced a “gap” or price difference between Friday’s close and Monday’s opening. For instance, the GBP/USD pair opened 60 pips Read more…
USDJPY loses ground around 200-day SMA RSI and MACD head south USDJPY has declined considerably toward the 200-day simple moving average (SMA) around 152.10, with the potential to hit the short-term uptrend line before heading Read more…