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<p>Equity markets remain under pressure this morning, with the VIX, FX and gold markets all also pointing to slight risk off. European indices, already underperforming Wall Street, were down for the fourth consecutive day. US index futures recovered a little after the close last night but they too looked heavy. Today’s key data release is [&h

<p>Europe is playing a little catchup in early trade on Thursday while the US is heading for a flat open as investors prepare for choppy waters ahead. Federal Reserve Chairman, Jerome Powell’s, comments were hardly comforting on Wednesday. A bleak assessment of the outlook combined with demands for more fiscal stimulus – at a time

<p>The British Pound has declined by 463 basis points or 3.43% against the Japanese Yen since the beginning of May. The currency pair breached the weekly S1 and the monthly S2 near the 130.49 area on Thursday morning. Everything being equal, the GBP/JPY exchange rate could continue to trade bearish during the following trading sessions. [&hel

<p>The Australian Dollar has declined by 148 basis points or 2.11% against the Japanese Yen since this week’s trading sessions. The currency pair tested the bottom border of an ascending channel pattern at 68.74 on Thursday morning. Given that the AUD/JPY exchange rate is currently trading near the lower boundary of the ascending channe

<p>USDCHF appears to have found some footing from the 50-day simple moving average (SMA) and is attempting to climb over the 23.6% Fibonacci retracement of the up leg from the multi-year low of 0.9182 to the three-month peak of 0.9900. Recent price action has improved slightly – something also reflected in the 50-day SMA and […]

<p>On Wednesday, the XAU/USD exchange rate reversed north from the lower boundary of the ascending triangle pattern. During today’s morning, the rate was trading near the upper pattern line at 1,722.00. From a theoretical perspective, it is likely that a reversal south could occur in the nearest future. Meanwhile, it is unlikely that a

<p>Yesterday, the USD/JPY currency pair tried to surpass the support level formed by the Fibo 38.20% and the 200-hour SMA near 106.80. During Thursday morning, the pair continued to test the given support. Note that the exchange rate is pressured by the 55– and 100-hour SMAs, as well the weekly R1 in the 107.10 area. […]

<p>The GBP/USD exchange rate has revealed a falling wedge pattern. During Thursday morning, the rate reversed north from the lower pattern line at 1.2190. From a theoretical point of view, it is likely that the currency pair could continue to trade downwards within the given pattern in the short run. Note that the pair could […]

<p>On Wednesday, the EUR/USD currency pair re-tested the upper boundary of the short-term ascending channel. During today’s morning, the pair was testing the lower channel line near 1.0800. From a theoretical point of view, it is likely that a reversal north could occur in the nearest future, and the exchange rate could target the upper

<p>The British pound has fallen to its weakest trading level against the US dollar since early April 2020, following a breach of the technically important 1.2200 level. Technical analysis shows that a bearish breakout from an ascending triangle pattern has taken place. According to the size of the pattern the GBPUSD pair could fall towards [&