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GBPUSD rallied on Thursday as it followed through higher on the back of its Wednesday gain. Support lies at 1.2350 area with a break below that level turning attention to the 1.2300 level. Further down, support lies at the 1.2250 level where a violation will shift focus to the 1.2200 level...
The foreign exchange markets may be thrilling and profitable for buying and selling should you completely perceive how you can purchase and promote currencies. For those who're drawn to this space, you would possibly even wish to make it your profession...
Global stocks fell on Wednesday as investors reacted to further signs of an economic slowdown. The immediate catalyst for the decline was the release of weaker US jobs data. September private payrolls rose at the slowest pace in three months and August job growth was revised lower...
Things seem to converge in favor of the Swiss National Bank when it comes to FX valuation. One might wonder why the safe-haven CHF depreciated in the past few days when demand for JPY only increased due to a broad risk-off sentiment...
Pivot (invalidation): 53.50 Our preference Short positions below 53.50 with targets at 52.15 & 51.70 in extension. Alternative scenario...
Pivot (invalidation): 17.4800 Our preference Long positions above 17.4800 with targets at 17.6700 & 17.7600 in extension. Alternative scenario...
Pivot (invalidation): 1493.00 Our preference Long positions above 1493.00 with targets at 1505.00 & 1511.00 in extension. Alternative scenario...
Pivot (invalidation): 2910.00 Our preference Short positions below 2910.00 with targets at 2875.00 & 2861.00 in extension. Alternative scenario...
Pivot (invalidation): 12060.00 Our preference Short positions below 12060.00 with targets at 11860.00 & 11740.00 in extension. Alternative scenario...
Pivot (invalidation): 5.7160 Our preference Short positions below 5.7160 with targets at 5.6930 & 5.6750 in extension. Alternative scenario...
Pivot (invalidation): 0.6700 Our preference Long positions above 0.6700 with targets at 0.6720 & 0.6735 in extension. Alternative scenario...
Pivot (invalidation): 1.3290 Our preference Long positions above 1.3290 with targets at 1.3345 & 1.3375 in extension. Alternative scenario...
Pivot (invalidation): 0.9960 Our preference Long positions above 0.9960 with targets at 1.0000 & 1.0015 in extension. Alternative scenario...
Pivot (invalidation): 107.30 Our preference Short positions below 107.30 with targets at 106.95 & 106.70 in extension. Alternative scenario...
Pivot (invalidation): 1.2280 Our preference Long positions above 1.2280 with targets at 1.2325 & 1.2340 in extension. Alternative scenario...
Pivot (invalidation): 1.0940 Our preference Long positions above 1.0940 with targets at 1.0975 & 1.0990 in extension. Alternative scenario...
The September 14 aerial attacks on Saudi oil facilities Abqaiq and Khurais triggered a spike in oil prices, with Brent crude jumping to around USD 69 per barrel...
Stage One: Unconscious Incompetence. This is the first step you take when starting to look into trading. You know that its a good way of making money because you've heard so many things about it and heard of so many millionaires...
