GBP/USD Weekly Forecast
The downtrend may be expected to continue, while market is trading below resistance level 1,2321, which will be followed by reaching support level 1,1904.
EUR/USD Weekly Forecast
The downtrend may be expected to continue, while market is trading below resistance level 1,0828, which will be followed by reaching support level 1,0516.
U.S. Economic Strength and Bank Turmoil Boost the Dollar
The dollar index (DXY00 ) on Friday rose by +0.56%. The dollar Friday rose moderately on stronger-than-expected U.S. economic reports. Also, signs of strong foreign demand for dollars are bullish for the greenback after the Federal Reserve facility that gives foreign central banks access to dollar funding was tapped for...
Stocks Rally Off Morning Lows
What you need to know… The S&P 500 Index ($SPX ) (SPY ) is up +0.36%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.28%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.03%. After a opening up in the red, U.S. stock indexes...
Dollar Rebounds as Stocks Falter
The dollar index (DXY00 ) on Thursday rose by +0.16%. The dollar Thursday recovered from a 6-week low and posted moderate gains. A reversal in stocks Thursday sparked short covering in the dollar after the S&P 500 erased an early rally and turned lower on a slump in bank stocks....
CRUDE OIL READY TO BOUNCE? WATCH NOK #Elliottwave
Is crude oil trying to find support after that drop out of a triangle? Recovery will send USDNOK lower, especially with lower US yields.
GBPJPY Elliott Wave Forecasting The Path
Hello fellow traders. In this article we’re going to take a quick look at the Elliott Wave charts of (GBPJPY) forex pair published in members area of the website. As our members know, GBPJPY Is trading within the cycle from the February 28th peak.
Stocks Rebound as Bank Stocks Stabilize
What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +1.08%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.78%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.87%. U.S. stock indexes this morning are moderately higher as...
GBPUSD Nears 2023 High Ahead of UK Rate Decision
The (GBPUSD) powered almost 100 pips in the hour following the highly anticipated FOMC and Fed rate hike. The GBPUSD is now extending the Bull Flag (on the daily chart), and testing a massive triangle resistance (on the weekly chart).
Dollar Slumps as Fed Projects Only One More Rate Hike This Year
The dollar index (DXY00 ) on Wednesday fell by -0.90% and posted a 6-week low. Strength in the British pound undercut the dollar after an unexpected increase in the UK Feb CPI pushed GBP/USD to a 6-week high. Also, hawkish comments Wednesday from ECB President Lagarde pushed EUR/USD up to...