Overall, GBP/USD is trending downwards. The UK employment data released yesterday indicated further improvement in the job market from the previous month. Average Earnings Index 3m/y (Actual: 4.9%, Forecast: 4.6%, Previous: 5.9% revised from 5.8%) Claimant Count Change (Actual: -49.8K, Forecast: -31.5K, Previous: -58.5K revised from 14.9K) Unemployment Rate...
Overall, GBP/USD is trending downwards. The UK GDP m/m data (Forecast: 0.4%, Previous: 0.6%) will be released later at 1500 (GMT+8). Currently, GBP/USD is testing the support zone of 1.32200 and its next resistance zone is at 1.33800. Look for short-term selling opportunities of GBP/USD if it breaks the support zone of 1.32200.
Overall, USD/CAD is trending upwards. Recently, USD/CAD bounced off the support zone of 1.26100. The Bank of Canada (BoC) kept its monetary policy unchanged during their meeting yesterday. On the matter of COVID Omicron variant, the central bank highlighted the renewed uncertainty caused by it “could weigh on growth by compounding supply chain disruptions and...
Overall, GBP/USD is trending downwards. Recently, GBP/USD traded into the support zone of 1.32200. Currently, GBP/USD is bouncing off the support zone of 1.32200 and its next resistance zone is at 1.33800. Look for short-term selling opportunities of GBP/USD only after it breaks the support zone of 1.32200.
Overall, EUR/USD is trending downwards. Recently, EUR/USD broke below the key level of 1.13. The eurozone ZEW Economic Sentiment data (Forecast: 22.4, Previous: 25.9) will be released later at 1800 (GMT+8). EUR/USD’s next support zone is at 1.12000 and the next resistance zone is at 1.13900. Look for short-term selling opportunities of EUR/USD.
Overall, GBP/JPY is trending downwards. Recently, GBP/JPY broke below the key level of 150. The UK Construction PMI data (Forecast: 54.9, Previous: 54.6) will be released later at 1730 (GMT+8). Bank of England committee member Broadbent will be speaking later at 1930 (GMT+8). During this time, there may be volatility in GBP. Currently, GBP/JPY is bouncing off...
On technical chart the Gold is trading with high selling pressure. Soon it will get down to the 1830s level. Trade with Proper Risk Management is been suggested.
Gold will working in a upward channel, and looking bullish in daily chart buy it have strong resistance at 1832, and we expected it will take reversal from here and come to 1810-1790 very soon, we suggest you to follow sell on risk strategy and got for sell at near 1830, stochastic RSI also support for reversal from here. Currently it working in a overbought zone.
Dowjones is been consider to invest a good option to invest in. As per the past 2 weeks DJ has made new high. Also it is expected to move higher as US Dollar is weaken on the NFP data. Suggested chart H4, Move downside.
GBPUSD is trading on a descending chart pattern. Likely to move downward this week. Make a move according to the capital.
This is USDJPY - 4hour chart: Price broke out of an ascending trend line after showing Divergence on the MACD, Price retested the broken trend line and it has the potential to continue moving lower, We will be waiting for a bearish opportunity on a lower timeframe to confirm the down move...
The US called upon OPEC+ to boost oil output but has so far been reluctant to tap its own strategic reserves to address the price surge that is denting the economic recovery. It has, though, committed to selling some as part of a past fiscal agreement. Last week, the London Metals Exchange announced several ad hoc measures to address the apparent shortage of...
Dowjones is trading on overbought levels now.. Can be see a reversal trend from here.
USDCAD broke out of the falling channel ,And now think we will see a bullish correction With the price going up to retest a horizontal resistance
Gold has seen a huge down trend.. now its time to get recover from that.. can see a upmove till tomorrow. Suggested chart H4 technicals
Oil prices turned down after the Chinese government flagged it was looking for ways to tame record high coal prices and that it would ensure coal mines operate at full capacity as Beijing moved to ease a power shortage. Chinese coal prices and other commodity prices slumped in early trade, which in turn pulled oil prices down from an uptick earlier in the...
GBPCAD in a Buying range now based on top 10 Indicators forming a Buying Triangle now. Go for it.
Oil prices traded sideways once again overnight. A much lower US dollar was offset by OPEC’s monthly report which lowered oil demand and a surprise spike in US API Crude Inventories above 5 million barrels. The OPEC report’s impact was negated as it stated that some members would have output challenges over the next few months. Brent crude was unchanged at $83.30...