The US dollar was strongly bid at the start of the first London session of 2023 as both the euro and the British pound fell sharply. For the GBP/USD currency pair, it fell to...
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3 Minutes
2 Minutes
Natural Gas Technical Analysis: The Price is Trying to Recoup Some of its Losses
Earlier in the day, gas prices fell in Europe as a combination of mild weather and lower industrial consumption led to an unusually seasonal build-up in inventories that threatened to overwhelm the storage system....
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2 Minutes
GBP/USD Forecast: Continues to Go Sideways and Do Nothing
The market will likely see a lot of short-term back and forth, but looking at less scalp, there isn’t much to do here until we get past Friday’s volume, maybe even later. GBP/USD rose...
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2 Minutes
NZD/USD Forecast: continues to power higher against the greenback
Remember, you have to look at this not just through the lens of the Fed, but is the global economy continuing to expand, so there are a lot of external forces here. NZD/USD showed...
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0 Minutes
GBPUSD pushes up to the 200 hour MA. Makes new intraday highs
GBPUSD GBPUSD tests its 200 hourly moving average at GBPUSD moved higher towards the 200 moving average at 1.2121 (see green line on the chart above). The price broke below the moving average on...
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6 Minutes
The Benefits of Using a Currency Calculator for Investors. How to Use a Currency Calculator ?
Currency is a medium of exchange that is used to facilitate the exchange of goods and services. It is generally accepted as a form of payment and can be exchanged for other currencies or...
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2 Minutes
EUR/JPY Forecast: Has Big Day Against Japanese Yen
Short-term pullbacks can be a nice buying opportunity at this point, and the previous uptrend is an important support level. EUR/JPY rallied quite significantly during Thursday’s trade, breaking a major downtrend as we continue...
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2 Minutes
NASDAQ 100 Forecast: Plunges Through Broadening Wedge
Only when the market stabilizes and breaks above the 200-day EMA would I be very bullish on this market, and frankly, I believe we have a lot of work to do before we get...
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2 Minutes
AUD/USD Forecast: Continues to Grind Back and Forth
Speaking of the rest of the year, we also have liquidity issues to worry about, so I’m not worried about being too big right now. AUD/USD is slightly higher during Thursday’s trade as we...
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2 Minutes
GBP/USD Forecast: Continues Upward Grind
Investors are trying to figure out whether the Federal Reserve plans to pull back from the market, which means they’re trying to figure out whether Jerome Powell will sound more hawkish or more hawkish...
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