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GBP/USD Eyes Resistance as EUR/GBP Flirts with Breakdown
GBP/USD AND EUR/GBP FORECAST:The hawkish repricing of interest rate expectations in the UK has boosted the British pound in recent weeksSterling’s outlook remains constructive in the very near termThis article looks at key GBP/USD and…
MultiMAX 2.21 – New Features – Other – 11 July 2023
INTRODUCTION There are some significant new features in version 2.21 of MultiMAX, more than I can adequately describe in the change log. So this post will be a deep-dive on what's new. MultiMAX is an EA for position trading…
Ruble to depreciate medium-term due to the declining current account surplus – Commerzbank
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Economists at Commerzbank have revised their USD/RUB forecast path higher this month after the…
US Dollar Hits a Fresh Two-Month Low as Future Rate Hike Expectations Ease
US Dollar (DXY) Price, Chart, and AnalysisIs the Fed looking at ‘one more and done’?Wednesday’s US inflation release remains key for the greenback’s short-term direction.
Recommended by Nick Cawley
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FIBONACCI IN THE FOREX MARKET – Analytics & Forecasts – 11 July 2023
Forex traders utilize Fibonacci retracements to aid in identifying possible key levels of support and resistance. These levels are used as guidelines for traders looking to enter or exit the market along with appropriate risk…
FX Play of the Day: NZD/CHF Aiming for Triangle Support Ahead of RBNZ
Don’t look now, but NZD/CHF looks ready to test the bottom of its triangle chart pattern!
Do you think it will hold during the RBNZ decision?
As you can see from the hourly time frame below, the pair is closing in on the support area…
LEVI could potentially see its price upward correcting itself at the range of $14
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Today’s instrument is Levi Strauss, an apparel company, traded in NYSE exchange under the ticker LEVI.…
Dow, Nasdaq, and Nikkei Struggle to Maintain Bullish Momentum
Article by IG Chief Market Analyst Chris BeauchampDow Jones, Nasdaq 100, Nikkei 225 Analysis and ChartsDow Jones stuck below 34,000.The index rallied off the 50-day SMA on Monday, repeating a bounce from late June from around the…
Daily Forex News and Watchlist: GBP/JPY
Yen pairs are on the move again today!
Can GBP/JPY go for another leg lower when the U.K. jobs figures are released?
Before moving on, ICYMI, yesterday’s watchlist looked at AUD/JPY’s consolidation breakdown after downbeat Chinese CPI.…
XAG/USD eases from three-week top, bullish potential seems intact
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Silver climbs to a three-week high during the early European session on Tuesday.
The technical…