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!
GBP/USD: developing 'Pennant' pattern
2019-11-11 • Updated
The last 'Pennant' pushed the price lower. Meanwhile, it's likely to have a local upward correction. In this case, we should keep an eye on the nearest resistance at 1.2877 - 1.2904 as a possible starting point for another decline.
It seems like we're going to have a 'Pennant' pattern soon. If correct, the pair is going to test the closest resistance at 1.2877 - 1.2904 shortly. If a pullback from these levels forms little later on, there'll be a green light for a bearish price movement in the direction of the next support at 1.2851 - 1.2811.
GBP/USD has managed to rise for the third trading day in a row including today’s Asian session, while the daily technical indicators are moving higher gradually.
Discover the outlook for EUR/USD, EUR/GBP, and GBP/USD.
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.