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CFD Trading has been quite popular for some time now. Also known by the term “commodities trading”, it signifies the action of a trader realizing the value of the difference between the starting and final price of a certain amount of commodity. The full form for CFD is “Contract for Difference”...
USD/JPY Bears Remain Unobstructed The hourly ADX(14) has just crossed above 50, emerging from below the 30 levels where it has been seen during the previous market session...
USD/JPY Recovers a Bit to 109.25 ahead of ISM Manufacturing Strong Yen demand across the board has put heavy downward pressure on the USD/JPY pair that dropped to a fresh session low level of 109.00 before recovering a bit, to currently trade near 109.25...
USD/JPY Forecast: Back in the Bearish Path USD/JPY Current price: 109.21 Back in the bearish path. The USD/JPY pair is in free fall this Wednesday, down to 109.08 so far today...
AUD: Limited Downside Risks; GBP: To Trade Within This Year's Range - Credit Agricole In Australia, at 3.1% (cons. 2.8%) Q1 GDP was released well above expectations. From that angle it remains difficult to make a case of further rising RBA easing expectations to the detriment of the AUD...
AUD/USD Continues to Pull Back from 2-Week Highs AUD/USD came under pressure over the last hours and pulled back from fresh 2-week highs as sentiment continues to deteriorate in financial markets, putting risky assets on the defensive. AUD/USD peaked at 0...
Market Update: Crude Chart Here’s a 4-hour chart for Brent (UK) crude oil: The chart shows how significant the area around $48 has been over the past month. It acted as resistance at the end of April and earlier this month, then as support over the last week...
GBPUSD Continues To Face Downside Pressure GBPUSD: With the pair seen extending its weakness, more decline is expected. On the downside, support lies at the 1.4450 level where a break will turn attention to the 1.4400 level. Further down, support lies at the 1.4350 level...
FxWirePro: EUR/USD Forms Bearish Gartley Pattern, Good to Sell on Rallies Harmonic pattern Formed- Bearish Gartley pattern Potential Reversal Zone (PRZ) - 1.12168 EUR/USD has recovered from the low of 1.1140 made today morning till 1.11797 at the time of writing. It is trading around 1.11700...
GBPUSD: With the pair seen extending its weakness, more decline is expected. On the downside, support lies at the 1.4450 level where a break will turn attention to the 1.4400 level. Further down, support lies at the 1.4350 level. Below here will set the stage for more weakness towards the 1...
EUR/GBP Taps 0.7750 as Pound Slide Continues The EUR/GBP pair held its strong bid tone and extended its bullish momentum to currently trade at day's peak level of 0.7750 as the British Pound remained under pressure on uncertainty surrounding 'Brexit'...
EUR/USD: Recovering Towards 1.1200 EUR/USD Current Price: 1.1178 The EUR/USD pair trades near a fresh weekly high set at 1.1185 ahead of the US opening, with the greenback generally lower across the board...
USD/CAD Drops to Lows ahead of ISM, API After briefly testing the 1.3100 neighbourhood, USD/CAD lost upside momentum and is now trading in the mid-1.3000s ahead of US data...
ISM Manufacturing PMI Preview: What to Expect of EUR/USD? The Institute for Supply Management (ISM) will release its preliminary gauge of manufacturing activity in the US at 14:00 GMT. Market consensus calls for a modest decline in the ISM manufacturing PMI, from 50.8 in April to 50...
Forex Technical Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, Gold Analysis for June 1st, 2016 EURUSD, “Euro vs US Dollar” Eurodollar has expanded its consolidation range upwards and right now is falling to expand its downwards as well. The market is expected to test 1...
EUR/USD Approaching 1.1200 Level ahead of US ISM Manufacturing PMI Extending its strong bid tone, the EUR/USD pair has surged past Tuesday's peak of 1.1174 and is currently trading near session high level of 1.1180...
British Pound Continues to Fall Down the Charts The British Pound has continued to fall down the charts during trading on Wednesday as a result of the markets becoming concerned regarding the upcoming EU referendum and the significant risks that the UK economy would face if the United Kingdom did...
USD/JPY Sinks to Fresh Lows Near 109.20 The Japanese yen remains on a firmer note today, now dragging USD/JPY to fresh daily lows in the 109.20 region...
Gold Higher at $1219 on Weak Dollar, ISM Data in Focus Gold traded slightly higher at $1219 on Wednesday, hovering around 100-day SMA, led by safe-haven demand on weakness in global equities and the greenback...
