Markets

GBP/USD bearish retracement was expected. But the impulsiveness of the decline is very strong, which is 1 of the main reasons for the potential end of the uptrend. The GBP/USD made a bearish reversal as expected in our video analysis. The main question is whether…

The direction on Friday is likely to be determined by trader reaction to the 50% level at .7786 and the 61.8% level at .7733. The Australian Dollar continued to retreat on Friday after topping .8000 the previous session for the first time since February 2018…

Everyday is different for day trades as certain days may trade 1 long and 1 short or on good days maybe 2 longs and 2 shorts or 2 shorts and 2 longs. From yesterday’s reported top at 1.2241, EUR/USD traded exactly to 1.2242 then dropped…

GBP/USD settled below the support at 1.3980 and is trying to settle below the next support level at 1.3950. U.S. Dollar Gains Ground Against British Pound GBP/USD continues to pull back from recent highs and is trying to settle below the support at 1.3950 while…

EUR/USD settled below the support at 1.2155 and is trying to settle below the next support level at 1.2130. Euro Is Losing Ground Agaisnt U.S. Dollar EUR/USD is currently trying to settle below the support at 1.2130 while the U.S. dollar is gaining ground against…

It’s a mixed start to the day for the majors. A Bitcoin move back through to $48,000 levels would deliver much-needed support. Bitcoin, BTC to USD, slid by 5.14% on Thursday. Reversing 1.71% gain from Wednesday, Bitcoin ended the day at $47,162. A mixed start…

Economic data from the Eurozone and the U.S will be in focus later today. Market reaction and Iran’s response to U.S military action in Syria will also influence. Earlier in the Day It’s was a busy start to the day on the economic calendar this…

Prices are higher than they were when the pandemic started in March 2020 but demand hasn’t reached its pre-pandemic levels. U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are edging higher early Thursday after testing the highest levels in more than 13 months.…

The direction of the March E-mini Dow Jones industrial Average futures contract will be determined by trader reaction to 31916. March E-mini Dow Jones Industrial Average futures are inching lower shortly before the cash market opening on Thursday after giving up earlier gains that took…

Gold is 1.1% lower this morning, as it is trading well below $1,800 price level again. What about the other precious metals? The gold futures contract lost 0.44% on Wednesday, as it retraced some of its Monday’s rebound of 1.7%. Last week it broke below…