The FTSE 100 finds support from the UK’s stronger-than-expected GDP. A break above the top of the previous consolidation range (7545) means a continuation of the current uptrend. Trend-followers may consider a pullback as an Read more…
The New Zealand dollar fell as risk sentiment subsided going into the weekend. The surge above the supply zone around 0.6850 has triggered a reversal fever after a month-long sideways action. As the RSI drops Read more…
The US dollar came under pressure after a contraction in December’s US retail sales. Strong selling pressure from the supply area around 0.9280 has pushed the pair all the way below the daily support at Read more…
The US 30 index has retreated from its all-time high in early January amid strengthening negative momentum. Moreover, the index has crossed below the 50-period simple moving average (SMA), which is considered as a bearish Read more…
FTSE rises after PBOC cuts rates The FTSE, along with its European peers are moving higher after the PBOC cut interest rates overnight. The 10-basis point cut is the first by the Chinese central bank Read more…
The British pound is flat as we start the new trading week. The currency enjoyed another positive week and GBP/USD has now risen for four consecutive weeks, as the US dollar continues to struggle. There Read more…
Oil prices are showing no signs of easing as the bull market remains well supported by fundamentals. Brent crude has rallied for four consecutive weeks, surging by more than 11% since the beginning of the Read more…
Breaking news: coronavirus won’t be the number one enemy of the global economy in 2022. Instead, this year’s most significant risks will come from inflation and policymakers’ decisions in the recovery era from the consequences Read more…
Gold price failed to clear the $1,830 resistance and corrected lower against the US Dollar. The price broke the $1,820 support level to move into a short-term negative zone. Besides, there was a break below Read more…
EURUSD is returning around the 1.1400 level and is flirting with the long-term descending trend line in the Ichimoku cloud. Also, the price is still hovering underneath the 23.6% Fibonacci retracement level of the down Read more…