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<p>The British Pound started a strong upward move above the 1.2400 resistance area against the US Dollar. The GBP/USD pair even surpassed the 1.2500 resistance area to move into a positive zone. The pair is now trading above the 1.2600 level and the 50 hourly simple moving average. It traded as high as 1.2647 and […]

<p>Gold is extremely bullish. After a couple of days of very volatile price action, at this point we can see that retracement is happening. 1695-1705 is the POC zone where buyers might be waiting. We might see a bounce off the zoe targeting 1725 as the first target. As the price progresses, next targets are […]

<p>US futures point to losses as earnings season kicks in IMF forecasts worst recession since 1930s Great Depression $1800 Gold within reach USDJPY set to push below 107 Asian stocks and currencies are mixed while US equity futures are pointing south, offering a relatively subdued reaction to more dire warnings about the fate of the […

<p>Pivot (invalidation): 21.10 Our preference Short positions below 21.10 with targets at 19.95 & 19.25 in extension. Alternative scenario Above 21.10 look for further upside with 21.80 & 22.30 as targets. Comment The RSI is bearish and calls for further decline.</p> <p>The post <a rel="nofollow" href="

<p>Pivot (invalidation): 1715.00 Our preference Long positions above 1715.00 with targets at 1738.00 & 1747.00 in extension. Alternative scenario Below 1715.00 look for further downside with 1706.00 & 1696.00 as targets. Comment The RSI is mixed and calls for caution.</p> <p>The post <a rel="nofollow" href=&

The Bank of Canada (BoC) rate decision will be in focus, expected to be announced at 14:00 GMT. USD/CAD trades 1% higher at 1.4020, per TD Securities.

WTI (oil futures on NYMEX) collapsed to the lowest levels since February 2002 at $19.21 in a matter of a few minutes earlier this Wednesday. The US oi

If the S&P 500 moves below its pivotal long-term 200-week average on a sustained basis, there is clearly a risk we may be seeing a more significant be

Sterling is stumbling and for good reasons. While broad dollar strength alongside a retreat in stocks is also behind the slide in GBP/USD, there are t

In an interview with the Wall Street Journal (WSJ), San Francisco Federal Reserve (Fed) President Mary Daly said that the recovery path out of the cor