The picture is bullish. Analysis name : Euro-Sterling Last close : 0.79060 0.78680 Last status id : none Last status text : Trading range. Current date : 2008-06-04 05:51:09 Current title : Direct rise. Current directionnal id : up Current directionnal text : Bullish Current reward id : good Current reward text : Good Current abstract text : The picture is...
The British pound sterling is showing signs of recovery, bouncing back from a five-month low, with GBP/USD stabilising around the 1.2470 mark on Thursday. This rebound is attributed to the release of UK inflation data, suggesting a possible monetary policy easing by the Bank of England (BoE). The UK's consumer price index (CPI) slowed to 3.2% year-on-year in...
Investing.com - European stock markets traded lower Thursday on growing worries around China’s stuttering economy and the potential for higher U.S. interest rates. At 03:50 ET (07:50 GMT), the DAX index in Germany traded 0.6% lower, the CAC 40 in France dropped 0.6%, while the FTSE 100 in the U.K. traded 0.5% lower. Note: This analysis is not a financial advice...
Note: This is not a financial advise! Investing.com: European stocks were given a minor boost early Friday on the back of more talk from the Chinese government of additional stimulus measures to boost the second-largest economy in the world, and a major export market for many of Europe’s largest companies. China’s top economic committees said in a joint...
Wait for the breakout. THIS IS NOT A FINANCIAL ADVICE.
Wait for confirmation. NOTE: THIS IS NOT A FINANCIAL ADVICE.
SINGAPORE (Reuters) - The dollar clawed back its losses on Monday, recovering from a knee-jerk reaction to data showing U.S. job gains were the smallest in two-and-a-half years, while disappointing inflation figures in China weighed on the yuan and proxies. Nonfarm payrolls increased 209,000 in June, figures released on Friday showed, missing market expectations...
The EUR/USD Bulls got a strong upside breakout last Friday. This was the entry bar for the wedge bull flag buy signal bar formed last Thursday. Last Friday’s bull breakout is strong enough to increase the odds of a 2nd leg up. There are likely trapped bears who sold during last Friday’s rally. Those bears got trapped during the strong rally and will probably use...
EUR/USD rose 0.1% to 1.0874, ahead of the release of the June consumer price index for the eurozone as a whole. This is expected to fall to 5.6% in June from 6.1% in May, but German consumer prices rose by much more than expected in June, and this creates the possibility of an upside surprise given the dominance of the German economy. European Central Bank...
“If swap futures start to believe the Fed will likely deliver two more rate increases, gold could remain vulnerable,” said Ed Moya, analyst at online trading platform OANDA. “However, if risk aversion runs wild, gold could see some flight to safety flows. Gold has key support at the $1,900 level and resistance at the $1,960 region.”
The U.S. dollar edged lower in early European trade Wednesday, struggling for traction ahead of the conclusion of the latest Federal Reserve policy meeting.
Gold prices moved little on Wednesday after three days of losses as investors awaited more cues from the conclusion of a Federal Reserve meeting later in the day, while copper prices benefited from an interest rate cut in China.
European stock markets have slipped lower Friday, with signs that the Chinese economy is struggling to recover from the impact of the COVID pandemic overshadowing the positive sentiment generated by the rally on Wall Street overnight.
The Euro initially gapped to the upside to kick off the Monday session, but then plunged rather drastically to pierce the 50-Day EMA. The market then turned back around to show signs of life, as we are now starting to rally again. At this point, it becomes very obvious that the market is all over the place and will more likely than not continue to be. After all,...
The rally is strong enough that the market is likely transitioning into a trading range more than a strong bear trend. This means traders should expect the bears to be disappointed with the rally. However, the bears will expect a 2nd leg down after the formation of a lower high major trend reversal. It is a low probability that the bears will be able to get a...
Investing.com -- Gold and copper prices fell slightly on Wednesday as markets awaited fresh cues on monetary policy from a string of major central bank meetings this week, starting with the Federal Reserve later in the day. The Fed is widely expected to hike interest rates by 25 basis points later in the day. But the central bank’s outlook on monetary policy will...
Investing.com - The U.S. dollar traded largely unchanged in limited European trade Wednesday, but posted gains against the Japanese yen after latest minutes from the Bank of Japan suggested its accommodative monetary stance is likely to remain in place. At 02:35 ET (07:35 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies,...
You can still buy from here but it is always safe to have a clear confirmation of breakout. Good luck and like always this is not a financial advice.