EUR/USD EUR/USD has had a bumpy ride so far this year with the most actively traded fx-pair starting the year just off a six-month high before sliding to a multi-week low in mid-February. Since then the pair have pushed higher, making a clear ascending channel, before starting to turn lower again. And as we head
Technical Analysis
US Dollar Basket (DXY) The generally accepted benchmark of US performance, the US dollar basket, has enjoyed a great start to the year. The dollar gained in strength as robust data reversed prior aggressive rate cut expectations. Price action received a late boost in March despite the Fed issuing a more dovish message and maintaining
Q2 GBP/USD, EUR/GBP, and GBP/JPY Technical Outlooks The British Pound has started re-pricing against a range of currencies after the Bank of England’s shift in tone. Ahead of the March meeting, financial markets had penciled in the first UK rate in mid-Q3 and priced Sterling-pairs accordingly. The shift forward to the June MPC meeting has
Dow Jones, Nasdaq 100, Hang Seng Analysis and Charts Dow 40K in sight again? Wednesday’s session saw the index stage a revival, and the march back to 40,000 is on once more.The price found support at the previous record high set in February at 39,287, with short-term resistance there turning into support. The totemic
FTSE 100, DAX40, and S&P 500 Prices, Analysis, and ChartsFTSE 100 approaches 8,000 markThe FTSE 100’s rally to its 7,962 one-year high on the back of the Bank of England’s (BoE) dovish stance amid a falling British pound last week has resumed after a couple of days of sideways trading.The psychological 8,000 mark is still
US DOLLAR FORECAST – EUR/USD, GBP/USD, USD/JPYU.S. dollar loses ground on Monday ahead of high-impact events later in the weekCore PCE data and Powell’s speech on Friday will be the center of attentionThis article examines the technical outlook for EUR/USD, GBP/USD and USD/JPYMost Read: US Dollar Forecast: PCE Data to Steal Show; EUR/USD, USD/JPY, GBP/USD
FTSE 100, DAX 40, S&P 500 Prices and AnalysisFTSE 100 trades at one-year highsThe FTSE 100’s rally to its 7,962 one-year high on the back of the Bank of England’s (BoE) dovish stance amid a falling British pound last week is expected to continue with the psychological 8,000 mark representing the next upside target. A