The losses of the GBP/USD pair during last week’s trades were the strongest as they fell to the lowest support level of 1.1717 since the collapse of the markets at the height of the 2020 Corona...
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GBP/USD Forecast: Continues to Wait for Jerome Powell
The GBP/USD has rallied slightly during the trading session on Thursday, as we are hanging around the 1.18 level. It’s worth noting that level has been a bit of a magnet for price for most of...
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NASDAQ 100 Forecast: Continues to Look Noisy
If interest rates start to shoot higher, then it almost certainly will work against the value of the NASDAQ 100. The NASDAQ 100 did not do too much during the trading session on Thursday, gaining 1%....
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Dollar falls as risk appetite picks up to start the session
The sudden pick up in risk appetite is translating to some softness in the dollar as we get things going on the session. The greenback was in a good spot technically to start the...
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France August business confidence 103 vs 103 prior
Prior 103 Manufacturing confidence 104 Prior 106 Services confidence 106 Prior 107 The composite reading keeps more or less unchanged from July (103.4 in August vs 102.8 in July) as economic conditions continue to...
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Dow Jones Technical Analysis: Index Records Worst Day
The Dow Jones Industrial Average saw its biggest one-day, pips, and percentage loss since June 16th. The Dow Jones Industrial Average closed sharply lower during its recent trading at the intraday levels, to record losses for...
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Natural Gas Technical Analysis: Price is Flying High
Spot natural gas prices (CFDS ON NATURAL GAS) continued to rise in recent trading at intraday levels, to achieve daily gains until the moment of writing this report, by 2.38%. It settled at the price of...
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Gold Technical Analysis: Reaction From Jackson Hole Seminar
Gold futures ended the last trading week flat below the $1800 level, as the yellow metal recorded a weekly loss. After it crossed the $1800 resistance earlier this month, XAU/USD gold prices struggled to maintain the...
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EUR/USD Technical Analysis: Downside Path after Parity
Investors’ desire to buy the US dollar and abandon the euro due to concern about a bleak future for the recovery of the euro bloc contributed to the increase in the selling operations of the...
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EUR/USD Forex Signal: Euro to Retest 0.9957 as USD Rebounds
Bearish view Sell the EUR/USD pair and set a take-profit at 0.9957. Add a stop-loss at 1.0163. Timeline: 1-2 days. Bullish view Set a buy-stop at 1.0150 and a take-profit at 1.0250. Add a...
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