GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
PREMIER AFRICAN MINERALS LIMITED ORD NPV (DI), LLOYDS BANKING GROUP PLC ORD 10P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), LOCATION SCIENCES GROUP PLC ORD 0.01P, VODAFONE GROUP PLC ORD USD0.20 20/21, POWERHOUSE ENERGY GROUP PLC ORD 0.5P
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One of the economic releases of the day was the U.S. Crude Oil Inventories which helps measures the weekly change in the number of barrels of commercial crude oil held by US firms. The way it works is that the amount of inventories helps influence the price petroleum products which can have an encounter with the inflation rates. Traders have got two things which ...
Todays fundamental analysis for the USD is about the US building permits and this will help us understand how the measure of change in the number of new building permits issued by the government. This is very important for traders because the building permits help us project future housing starts. The US government releases this information once every month at ...
For me to predict whether the GBP/EUR is going to be either a uptrend or a downtrend, I use the EMA indicator to help me decide whether it a uptrend or a downtrend. I use the 200EMA to predict if the long term trend of the pair is going to be a downtrend or uptrend. If I wanted to know the short term trend then I would I would use either 10,20 or 50 EMA to help me ...
For GBP/USD, I used the 200 EMA and it shows that the moving average is below the price which means that is it currently in a long term uptrend. Also the moving average is pointing high which shows that the trend is currently strong.