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Fundamental Forecast for Pound: Bullish GBP/USD Hit Highest Level Since 2008 As UK Construction Data Surprise GBP/USD Long Term Measured Level at 1.7300 The GBP/USD extended the advance from June, with the pair climbing to a fresh yearly high of 1...
Lamassu which has revolutionized the in-person acquisition of Bitcoin via a streamlined thirty-second process earlier introduced a modular two-Bitcoin ATM system; has now brought in Rakía, a brand-spanking-new open source back-end system for its ATMs...
Welcome back from the long holiday weekend. Before we left for our nation’s birthday celebration, markets had a little party of their own: The Dow had broken 17,000, the Standard & Poor's 500 Index had touched a record high and was spitting distance from crossing 2,000...
International Monetary Fund Managing Director Christine Lagarde indicated a slight reduction to the institution's global growth outlook as investment remains subdued...
Support and resistance levels are critical areas for scalpers to identify. Price action, pivots, and moving averages can all be used to find these values. Once identified, traders can then look to employ the strategy of their choosing...
The overall economic growth slowed down in the second quarter despite stabilization of the dollar. The dollar was up for its fifth straight day against a number of other major currencies and will remain strong during the next week, supported by the steady climb in U.S...
The NASDAQ was closed on Friday, but spent the rest of the week shooting straight up from the 4400 level. We did not break above the 4500 level however, so that has to be addressed...
The USD/CAD pair went back and forth during the course of the week, showing the uptrend line that we have been following for some time now to remain supportive. With this, we believe that this market will continue to find buyers just below, and the 1...
Let’s face it, 95% of you reading this are probably not consistently successful traders, in fact, you’ve probably blown out a trading account or three by now...
Fundamental Forecast for Euro: Neutral The Euro and Swiss Franc were under more intense pressure versus the British Pound, hitting new yearly lows. EURUSD was vulnerable going into Thursday and a breakdown may have just started after the strong US NFPs...
The emerging markets activity grew further in June at the fastest pace in more than a year, results of a survey by Markit Economics and HSBC Bank showed Monday. The HSBC Emerging Markets Index, derived from the PMI surveys, rose to 52.3 in June from 50.6 in May...
Price action is the study of price movements in a market. Many traders look at and use price action because it’s the cleanest view of technical analysis in a market. In this article, we discuss the most basic relationship at the center of price action: Supply and Demand...
The S&P 500 rose during the course of the week, even though we only had four sessions to work with. We close at the very high as of the week, and we believe that this market is in fact going to continue to go higher...
On D1 opened strong channel down. Channel, which defined downward movement on Thursday and Friday on H1 and H4, will be closed on the new channel H1...
Mario Draghi’s plan to end the euro area’s lending drought risks missing the target. While the European Central Bank president says a program to hand as much as 1 trillion euros ($1...
The dollar managed to beat the euro and the yen, but stayed behind the mighty pound and the recovering loonie. Will these trends continue? The FOMC Meeting Minutes, Australian, Canadian employment figures and the rate decision in the UK are the main market movers on FX calendar...
(Reuters) - The dollar edged higher on Monday and touched its highest level in more than a week versus a basket of major currencies, staying on firm footing in the wake of last week's solid U.S. jobs data. The dollar index rose 0.2 percent to 80.340. It touched a high of 80...
The recent record highs for US stock markets could be tested in the days and weeks ahead as earnings season gets under way and investors get the latest read on when the US Federal Reserve might start to raise interest rates back up to normal levels...
Though several renowned investors put their bids for 30,000 Bitcoins auctioned by the US government that it took away from Silk Road, the winner came in venture capitalist Tim Draper. He was the single winning bidder for a cache of Bitcoins...
