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Sterling received a boost from the first estimate of UK Q2 GDP, which posted a positive 0.7% increase over the quarter, meeting forecasts. London - Sterling hiked after the UK first Q2 GDP estimate showed that the UK economy grew 0.7% in the quarter to June, meeting forecasts...
Ratings agency Standard & Poor’s has issued a caution that monetary policy is diverging, in both the United States and the United Kingdom, as well as developing economies...
Copper prices edged higher on Tuesday, but remained near the previous session's six-year low as market players monitored movements on China's volatile stock market...
Current trend On Monday, during the trading session, Brent crude oil lost more than 70 points. The fall was caused by of the sharp fall of the Chinese Shanghai Composite by 8.48%: the market is very sensitive to any weakness in China’s economy, as it is the largest importer of raw materials...
Wall Street is expected to break a five-session row of losses on Tuesday, shrugging off China’s continuing fall, as market players now concentrate on the Federal Reserve meeting on Wednesday, with a statement due at 2 p.m...
The pound jumped against the U.S. dollar on Tuesday, after data showed that the U.K. economy expanded in line with expectations in the second quarter...
The dollar moved higher against the euro and the yen on Tuesday ahead of the start of the Federal Reserve’s two day policy setting meeting later in the trading day...
H4 price is on primary bullish market condition with secondary ranging between 1.1128 resistance and 1.1049 support levels which are located above Ichimoku cloud and far above Senkou Span A line which is the virtual border between the primary bullish and the primary bearish on the chart...
To date, futures prices for gold have given up more than 7%, platinum has plunged at least 18% and copper is down more than 16%, while key indices for the mining stocks, including the Philadelphia Gold and Silver Index have dropped by 30...
The yellow is locked below black MA in H4 but the current H4 candle high is higher than the previous H4 candle. Will wait for the close of this candle to decide on keeping the trade. In H1, the yellow is locked above the black MA but H4 being the higher time frame is more important...
For today R4 - 1.1216 / R3 - 1.1197 / R2 - 1.1163 / R1 - 1.1134 SPOT 1.1074 S1 - 1.1051 / S2 - 1.1018 / S3 - 1.0993 / S4 - 1.0969 BUY AT 1.1055 FOR 1.1200, STOP 1.0990 How to trade support & resistance levels...
W1 price is located below 200 period SMA and 100 period SMA for the primary bearish market condition: The price is on downtrend for trying to break Fibo support level at 0...
On Tuesday, the Australian dollar surged against its U.S. counterpart as demand for the latter was pressured ahead of the Federal Reserve's highly-anticipated policy statement on Wednesday, which also sent the metals sector higher...
US Dollar - "The FOMC decision is certainly the most direct update we will find for gauging monetary policy, but it may not provide the distinct resolution traders are looking for...
The single cash exchanged quiet against Asian adversaries Japan in the early morning, keeping the EUR/JPY at the maximum furthest reaches of the handle 136, as the euro stays upheld on the weight on the dollar and playful German information while the yen likewise discovered backing in China's sto...
Coinbase is the world’s largest Bitcoin wallet provider, and the CEO of Coinbase says that Bitcoin could replace the US dollar as the global reserve currency by 2030...
Sean Callow, analyst at Westpac Banking Corporation explained that the Asian calendar is empty. The market will focus on Chinese equities, it opened at 9:30 am local time and record important events thereafter. Important excerpts: "UK second-quarter GDP expected 0.7% quarterly and 2.6% yearly...
In accordance with the MACD 1 hour, the movement of the EUR / CHF has reached the highest intraday momentum of trading last month. Prudence advised not to do at the climax of the sale and purchase for heavy flow can occur...
Wall Street posted losses on Monday despite positive durable orders goods in June, as the heavy punch from China drove stock indices lower...
