
4H Chart Daily Chart EURUSD managed to rise further on Friday inline with our expectations, reaching our entire targets mentioned in our previous notes at 1…
2021-05-31 • Updated
GBP/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.
XAG/USD: Silver continuous to stand below 23.6% retracement area. Bullish pressure is growing during the last hours and before NFP.
Asian shares were trying to extend their recent gains to a third week on Monday in the hope critical U.S. jobs figures show the expected revival in hiring in May and keep the global economic recovery on track. Oil prices climbed in early Asian trade by the bright outlook for fuel demand growth in the next quarter, while investors looked ahead to the OPEC+ meeting this week to see how producers will respond. Gold moves higher on Monday morning in Asia against a weaker dollar and lower bond yields after the worlds’ largest gold consumer China released key economic data. The dollar moves down but traded near a two-month high against the yen, on Monday morning in Asia. Investors digested mixed macro from China and strong inflation data from the U.S., while also expecting the U.S. Federal Reserve to start tapering its asset buying scheme.
4H Chart Daily Chart EURUSD managed to rise further on Friday inline with our expectations, reaching our entire targets mentioned in our previous notes at 1…
The British pound has been notably strong over its peers recently. Will that lead to quick exhaustion of bulls? Not really. Read the article to know why.
Asian equity markets were mostly positive as the region partially sustained the momentum from the tech-led gains on Wall Street.
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates?
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