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: 'Triangle' has been broken
2019-11-11 • Updated
The last 'Triangle' has been broken, so the price is rising. It's likely that the market is going to test the next resistance at 1.3090 - 1.3110 soon. A pullback from this area could be a starting point for a correction.
It's likely to have a local bearish correction towards the nearest support at 1.2999. If a pullback from this level happens little later on, there'll be a moment to have a bullish price movement towards the next resistance at 1.3070 - 1.3090.
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.
What will happen? Amazon announced the company is going to make a 1 – 20 stock split on June 3 after the trading session close (23:30 GMT+3)…
How to understand if an economy is accelerating or decelerating? What are the indicators that can guide us in this interpretation? One of the ways in which we can assess this situation is precisely the household consumption, which fundamentally refers to…
Credit cycles (or leverage cycles) represent moments in the economy of a country when families and companies get indebted, in order to invest or to spend in different segments, which ends up positively influencing the level of the general economic…