EUR/GBP is headed towards a test of the VPC if resistance holds.
Bulls need to overcome the 0.9150 resistance.
EUR/GBP is in a technical bearish phase and has seen a strong rejection of familiar monthly resistance in the past week.
At this juncture, while there may be scope for a move to the upside
Analysts at Citigroup cite three reasons why gold’s bull trend remains intact while traders target $2400/ oz over the next 12 months.
“Record pace of ETF investor inflows, weakening US$ and negative real yields are the primary drivers for the push higher."
“For the next 3-months, we lift
Higher European and U.S. futures following news about resumption of final stage clinical trial of coronavirus vaccine by AstraZeneca point to a firm start for European stocks Monday morning.
Oxford University announced on Saturday that it is resuming a trial for a coronavirus vaccine it is developin
Daily Pivots: (S1) 0.9157; (P) 0.9179; (R1) 0.9201;
With 4 hour MACD crossed below signal line, a temporary top is formed at 0.9200, just ahead of 55 day EMA (now at 0.9230). Intraday bias is turned neutral first. Rebound from 0.8998 short term bottom could still extend higher. Sustained break of 44
The Pound’s selloff continues today as the UK government’s so called internal market bill draws wide criticism, from EU to Scotland and Wales. Traders continue to off-load Sterling on no-deal Brexit risks. European markets, though, somewhat stabilized and recovered from yesterday’s selloff. US stock
Sterling remains generally weaker today, on Brexit concerns. But Swiss Franc is apparently worse for now, dropping through a near term support level against the greenback. On the other hand, Yen and Dollar stay firm in mixed Asian markets. Yen is not too troubled by data that showed deeper than esti
Daily Pivots: (S1) 1.3017; (P) 1.3074; (R1) 1.3107;
Intraday bias in GBP/USD remains neutral and outlook is unchanged. As long as 1.2982 support holds, further rise could be seen. On the upside, break of 1.3185 will target 100% projection of 1.1409 to 1.2647 from 1.2065 at 1.3303. However, break of
As part of its expansion plans into India, Equinix, Inc., a global interconnection and data company, announced this Tuesday that it has acquired the India operations of GPX Global Systems, Inc. in a deal worth $161 million.
Equinix has acquired GPX India in an all-cash transaction
Opera, a widely-used internet browser, has extended its cryptocurrency purchasing features directly from its in-built wallet to the users in the United Kingdom.
This came four months after the Norwegian company extended the same support for its users in the United States, European
In a relatively quiet week in the newsroom, here are the standout stories from the worlds of forex, fintech, and crypto, in our best of the week segment.
Russia Legalizes Cryptocurrencies Terming Them Property
In a bold move that dominated the crypto news this week, The Russian State Dum
The Australian stock market is edging lower on Monday after opening higher following the mixed cues from Wall Street Friday. Worries about the resurgence in coronavirus cases in New South Wales and Victoria weighed on sentiment. Investors also turned cautious ahead of the federal government's budget
Trading with Shooting Star Candlesticks: Main Talking Points
Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. This article will cover the shooting star reversal pattern in depth and how to use it to trade forex.
What is a sho
AUD/USD portrays a fourth attempt to pierce the key 0.7000 threshold.
Broad US dollar weakness, upbeat equities and commodities helped Aussie to ignore pandemic fears.
Australian policymakers escalate efforts to tame the coronavirus spread, US-China tussle intensifies.
China inflation data, Australi
AUD/USD, “Australian Dollar vs US Dollar”
In the H4 chart, AUDUSD is still trading inside the “overbought area”. However, the pair has already broken +1/8 and may continue growing to reach the resistance at +2/8. However, this scenario may be canceled if the price breaks +1/8 to the downside. After
Negative US 10-year real yields power gains in gold.
The yellow metal is a hedge against inflation.
Gold, a zero-yielding safe-haven metal, has gained 17% so far this year.
The negative real or inflation-adjusted US Treasury yields seem to have power gains in the yellow metal and could continue t