Iqbal V. Gandham, the former UK CEO of multi-asset brokerage eToro, has joined digital currency platform CoinBurp as its non-executive advisor, the company announced on Monday.
In his new role, Gandham will be responsible for supervising the company’s growth strategy. Additionally, h
AUDJPY is testing our 1st suppor at 75.26 where the horizontal swing low is. Price could touch 1st support and bounce from there. Take caution that Ichimoku signals that further downside could come.
EUR/USD has charted a bearish reversal pattern on the daily chart.
A close below 1.1770 would confirm the trend change.
EUR/USD is trading near the head-and-shoulders (H&S) neckline support of 1.1770 at press time.
A close below the support line would confirm H&S breakdown or a bullish-t
Daily Pivots: (S1) 1.2774; (P) 1.2847; (R1) 1.2915;
Intraday bias in GBP/USD remains neutral for brief consolidations. Further decline remains in favor with 1.3035 minor resistance intact. Decisive break of 38.2% retracement of 1.1409 to 1.3482 at 1.2690 will argue that the rise from 1.1409 might be
Daily Pivots: (S1) 135.36; (P) 135.98; (R1) 136.40;
Intraday bias in GBP/JPY remains neutral for the moment. Further fall will remain mildly in favor as long as 138.38 minor resistance holds. Sustained break of 38.2% retracement of 123.94 to 142.71 at 135.53 will suggest that whole rebound from 123.
GBP/USD bears catch a breather at six-week low, dropped nearly 200-pips on Tuesday.
An ascending trend line from March 20, June month’s high add to the support.
Bulls need a clear break of late-August low to attempt recovery moves.
GBP/USD retraces from the multi-day low of 1.2950 to 1.2962 during
China CPI/PPI overview
Early Wednesday around 01:30 GMT, the market sees August month headline inflation numbers from China, namely the Consumer Price Index (CPI) and the Producer Price Index (PPI). China’s annualized CPI reading is expected to recede from 2.7% to 2.4% with PPI YoY likely bouncing o
Foreign exchange (forex) broker ATFX has revealed to Finance Magnates that it has removed the minimum deposit requirements for its clients outside of the European Union (EU) to access certain trading tools.
Previously, users located outside of the EU needed to pay a minimum $2,000 depo
The US dollar dropped to the lowest level in two years as fears of uneven recovery of the US economy remained. The greenback dropped against all currencies in the developed world and most currencies in the emerging market. Attention now shifts to the Federal Reserve, which will start its monthly mee
The UK Retail Sales came in at +13.9% MoM in June.
Core Retail Sales for the UK jumped 13.5% MoM in June.
The cable off the lows on the upbeat UK Retail Sales data.
The UK retail sales came in at +13.9% over the month in June vs. +8.0% expected and +12.0% previous. The core retail sales, stripping
The US inflation-linked yields slide, indicating an uncertain economic outlook.
The 10-year real yield has been on a declining trend since early June.
The US 10-year real or inflation-adjusted bond yield has declined for the past six weeks and now hovers near -0.85%, according to Bloomberg.