Forex Trading

The GBP/USD chart is currently displaying a bearish momentum as it trades below the bearish Ichimoku cloud. This indicates a potential for further downward movement. The first support level at 1.185 is significant as it represents a swing low support, while the intermediate support at 1.1764 is notable due to overlap support and the 50% … Read more

The XAU/USD chart is currently showing bearish momentum, indicating a potential move down toward the initial support level at 1804.71. This support level is considered significant as it represents an overlap of support. On the upside, the first resistance level at 1891.81 is noted as a pullback resistance, potentially limiting further upward movement. Recommended Trade … Read more

1. MakerDAO has secured $6 billion for treasury bill investments. 2. The investment in US government bonds has propelled the governance coin MKR to its highest level since April 2022. 3. MKR has outperformed other major cryptocurrencies, including Bitcoin, with a surge of 77% this quarter. 4. MakerDAO’s decision to invest in short-term US Treasuries … Read more

XBRUSD Summary Trend: Bullish Support: 89.00 Resistance: 98.00 1. Russia and Saudi Arabia agreed to extend their oil supply cuts until the end of 2023, exceeding expectations for a shorter duration.2. The price of XBRUSD (Brent crude oil) broke out of its previous range of $70 to $89, which had persisted for over a year.3. … Read more

The given statement suggests that the EURUSD currency pair has reached a support cluster between the price levels of 1.06670 and 1.06900. A support cluster refers to a zone where multiple support levels coincide, which can potentially act as a barrier to further downward price movement. The statement also mentions that the stochastic lines have … Read more

EURUUSD D1 GBPUSD d1 1. Euro and pound near Fibonacci levels, prospects for upward movement. 2. Bank of England expected to raise interest rates, potential drop in pound. 3. Release of Consumer Price Index in the UK, anticipation of inflation acceleration.

USD Index Based on the information provided in the article, here are three main points and a trading decision: 1. Mixed inflation signals: The upcoming August inflation data is expected to show a rise in the 12-month headline inflation rate to 3.6%. This could cause concerns for the Biden administration. However, core inflation, which excludes … Read more

On concerns about global growth, the US dollar started to rally again this week. Sterling withstood a test of support levels, but will GBP/USD continue to hold up? Investors are moving into Treasuries and Gilts as a result of increased scrutiny of China’s economy.     Despite Treasury yields falling coming into Wednesday’s session, the … Read more