Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
EUR/USD: price going to continue declining
2019-11-11 • Updated
There are bearish patterns such a "Shooting Star" and a "Tweezers", which both have been confirmed. So, the market is likely going to continue declining towards the next support area in the short term.
The 89 Moving Average has acted as resistance, but there's a bullish "Hammer", which has been formed at the local low. Therefore, we could have a local upward correction and the following decline afterwards.
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
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Let's dive into the world of gold. Currently, the price of gold, represented by XAUUSD, is stuck in indecision, hovering around the $1,975 mark. The market is anxiously awaiting two important factors: the release of the Federal Reserve's meeting minutes and the extension of the US debt ceiling.
Hey guys, this is the last full trading week in May, and many forward-looking individuals like myself are already preparing themselves to seize whatever opportunities June may have in store. On this note, I will review a few commodities that have satisfied my quest for swing-trading opportunities in the coming month. Follow me!
The Bank of England (BoE) has dramatically shifted its economic forecasts. They no longer expect a recession in the UK and have upgraded their growth projections. This year, the BoE predicts GDP growth of +0.25%, a significant improvement from previous expectations. Next year's forecast is even more optimistic, with a projected growth of 0.75%.