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: "V-Bottom" led to new high
2019-11-11 • Updated
The main trend is still bullish. It's likely that the pair is going to test the next resistance at 1.3765 - 1.3834 in the short term. However, if a pullback from this area happens little later on, there'll be an opportunity to have a bearish correction towards the nearest support at 1.3635.
The pair faced with resistance at 1.3765, so bears are likely going to test the closest support at 1.3692 - 1.3656 in the coming hours. Meanwhile, if a pullback from this area happens afterwards, we could have another upward price movement in the direction of the next resistance at 1.3765 - 1.3834.
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.
In September 2022, USDSGD almost retested its peak of March 2020. The pair spiked above the 1.4400 level, driven by the strong US Dollar. Despite the obvious dominance of the USD, analysts believe that the Singapore dollar may be the one exotic currency worth our attention. Why do they share this opinion, and should we believe them?
A United Nations agency is warning that the central bank’s actions create a high risk of pushing the global economy into recession.
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.