Support at 0.88603 to 0.8878. Low in EURUSD moved to 0.88649 today. The EURGBP bounced off key support for the 2nd consecutive day. Looking at the daily chart, the 0.88603 to 0.8878 area is home to a number of swing levels going back to April 2020. Yesterday, the low price reached 0.88688 and bounced. Today the low price reached 0.88649 and
Month: January 2021
What the turn lower in UK cases means The UK reported 38,598 new coronavirus cases on Sunday, which is the lowest since December 27 and the clearest sign yet that the UK has gotten the upper hand on the worrisome variant that caused the latest round of lockdowns. It’s a sign that either the variant
Bitcoin (BTC) price has yet to recapture the $40,000 level and traders who were expecting a quick resumption of the uptrend may have been caught off guard by the recent pullback. This could have led to the liquidation of about $500 million worth of cryptocurrency futures positions in the past 24 hours. Over leveraged positions
Selloff in Euro against commodity currencies appear to be a main theme today, in otherwise mixed markets. Dollar seems not too bothered by the pull back in treasury yields overnight and stays generally inside last week’s range. Sterling is struggling to extend gain despite staying as the strongest one for the week. Yen and Swiss
Gold is likely to open the week with intense selling pressure under the 200-day SMA. XAU/USD continues to struggle as the US dollar strengthens, downside eyes $1,800. Gold has retraced significantly after topping out at a nine-year high above $2,000 in August 2020. Recovery from the downtrend has proved to be an uphill battle for
Getting the basis for a mathematical Forex trading system is crucial. The best way to trade Forex, passes by the understanding of multiple concepts, that if properly applied, blend technical and fundamental analysis into one single predictive tool. The main Forex trading systems that actually work, are based on complex algorithms that embed some of
Every day, over 5 trillion dollars is traded on the Forex Market, making it one of the most exciting, fast-paced markets to trade. Whether you are completely new to Forex or you have recently started trading Forex, it’s important you truly understand the basics. Andrew Lockwood has been trading for over 30 years. He started out
30 year forex pro, Andrew Lockwood from Forex Signals, reveals his simple price action trading strategy: the Naked Trading Strategy. The Naked Trading Strategy is an incredibly simple forex strategy that requires no technical indicators at all. It is a price action strategy that relies on trend reversal. Every type of forex trader, from beginner
Down $1.21 or -2.26% The price of the February WTI crude oil futures is settling at $52.36. That is down -$1.21 or -2.26%. The high price reached $53.83 the low price extended to $51.83. Looking at the hourly chart, the fall today took the price back below its 100 hour moving average of $52.91, and closer
16 Republican Senators could ban Trump from running again Pelosi said she will send the articles of impeachment to the Senate next week. I had thought that the idea would die with Biden’s inauguration but that’s not going to be the case. A big reason is because if he’s convicted, Schumer now says they will
BOC is widely expected to leave its overnight rate at the effective lower bound of 0.25% in January. The size of asset purchases will also stay unchanged at CAD4B/week. Over the past month, there has been market speculations about the possibility of a micro rate cut since November. While such a move is unlikely at
USD has been strongly supported on what has shaped up to be a very much risk-off Friday. DXY has broken above a key downtrend and eyes a move towards 91.00. USD has been strongly supported on what has shaped up to be a very much risk off final trading day of the week. Most G10/USD
The EURUSD has traded most of the week below the close from last week The EURUSD closed last week week at 1.22159. The price initially fell on Monday to a low of 1.21315 and formed a bottom between that level and 1.21364 on Tuesday before moving higher, and retesting the close from last week. The high for the
CFTC commitments of traders: EUR longs move back up to December highs Coming Up! Title text for next article LON SDNY+11 NY -5 TYO +9 GMT Weekly forex futures positioning data from the CFTC EUR long 156K vs 143K long last week. Long increased by 13K GBP long 13K vs 4K long last week. Longs
On June 25, 2020, the United States Securities and Exchange Commission brought suit in the Northern District of California against NAC Foundation LLC, also known as the NationalAtenCoin Foundation, and Rowland Marcus Andrade, the company’s CEO, alleging that the company had violated the federal securities laws by selling an unregistered, pre-functional version of an “Anti-Money
Gold prices gained Rs 286 to Rs 48,690 per 10 gram in the national capital on Friday following recovery in international price of the precious metal and rupee depreciation, according to HDFC Securities. In the previous trade, the yellow metal had closed at Rs 48,404 per 10 gram. Silver prices also jumped Rs 558 to
Sterling ended the week as the best performing one. But the late selloff, and rejection by resistance against Dollar and Yen, suggest that the latter too were in the driving seat. Weakness was apparently see in Euro, New Zealand Dollar, and to a lesser extent Australian. Dollar could be further building up the case for
A man walks past a Wells Fargo Bank branch on a rainy morning in Washington. Gary Cameron | Reuters Wells Fargo released on Friday mixed results for the fourth quarter of 2020, sending the bank’s stock lower. Here’s how the numbers compared to Wall Street expectations: Earnings: 64 per share vs. Refinitiv estimate of 60
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