<p>Yesterday, the USD/JPY currency pair declined to the weekly S1 at 106.32. During Wednesday morning, the pair was testing the given level. Given that the exchange rate is pressured by the 55– and 100-hour SMAs near 106.70, it is likely that some downside potential could prevail in the market. Note that the rate could gain […]
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GBP/USD Tests Weekly S1
<p>Yesterday, the GBP/USD exchange rate consolidated in the 1.2450 area. During Wednesday morning, the rate dropped to the weekly S1 at 1.2360. Note that the currency pair is trading near the lower boundary of an ascending triangle pattern. Thus, from a theoretical perspective, it is likely that a reversal north could occur in the short [&hel
EURUSD Breaking Down
<p>The euro currency has remained under against the US dollar during the European trading session, with the pair moving closer to the 1.0800 level. EURUSD sellers are increasingly likely to target the 1.0770 technical area if the 1.0800 support level is broken. Overall, a major bearish shift in the pair has now happened that could […]
Gold Price News and Forecast: XAU/USD prices fall sharply after breaking below $1,700 on Wednesday
The troy ounce of the precious metal posted modest gains on Monday and Tuesday but struggled to preserve its bullish momentum. After moving sideways a
WTI oil remains steady near $25 after the EIA report
WTI crude oil trades around $25 after the EIA oil stocks report. Concerns about a slow recovery on global demand are weighing on oil prices. WTI pric
Fed's Kaplan: Accommodative monetary policy needed for extended period of time
The Federal Reserve will need to run a very accommodative monetary policy for an extended period of time, Dallas Fed President Robert Kaplan said on W
Germany's DAX 30 Index: German stocks sink on grim data – BMW and Wirecard slumps
After significant gains the day before, the German stock market lost strength again in the middle of the week. Weak economic data from Germany and the
Pound Sterling Price News and Forecast: GBP/USD hit by risk aversion, ignores US data
Despite a drop back in recent sessions, the outlook for Cable remains very marginally positively biased within a growing medium term range. This comes
USD/CAD Price Analysis: Greenback spikes up to 1.4150 vs. Canadian dollar
USD/CAD is trading above the main SMAs on the four-hour chart while challenging the 1.4150 resistance. The market spiked up but remains within familiar ranges
AUDUSD pushing against near-term support at 0.6415
The aussie is losing ground on Wednesday, after a tame recovery attempt seen earlier this week, to test immediate support at 0.6415/20 area. AUD/USD