GBP/USD maintains the strong tone following its bullish “outside day” for a break to a new cycle high. Economists at Credit Suisse look for a move to their first core upside target of 1.4302/77 – the 2018 highs and 50% retracement of the 2014/2020 bear trend. Support at 1.4155 ideally now holds “With a base
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In an increasingly crowded marketplace for marketplaces, Binance is going on the offensive with a business development push aimed at bringing “100 Creators” to their forthcoming NFT platform. In a press release today, Binance announced a drop from Misha Most, a noted street artist who currently holds the world record for the largest wall mural.
WTI up 1% just above $67 currently Oil is trading close to its best levels for the year and from a technical perspective, may be set for a surge of gains if it can hold a daily close above $67 with a firm break above the $68 level preferable for buyers to extend the upside
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
NEW DELHI: Gold rose by Rs 195 to Rs 48,608 per 10 gram in the national capital on Monday following a gain in the precious metal prices, according to HDFC Securities. In the previous trade, it had closed at Rs 48,413 per 10 gram. Silver dipped marginally by Rs 15 to Rs 70,521 per kilogram
Trading continue to be relatively subdued as US and UK are both on holiday. Sterling is mildly softer, followed by Dollar, and Swiss Franc. On the other hand, Australian Dollar is strengthening mildly, ahead of RBA rate decision in the upcoming Asian session. It’s highly unlikely for the central bank to alter the forward guidance
GBP/JPY bulls in charge to the hourly resistance level. Bears seeking a retracement according to the daily chart. GBP/JPY is on the bid according to the lower time frames but there is a risk in banking on the impulse according to the daily chart. The following illustrates a bearish bias on the daily chart to
This video details the D2 trading system that we teach at ASFX. We can find D2 entries at any point in the week, but Friday’s we tend to find them more often. This is a trading system with a detailed trigger signal, a detailed risk management plan, and a process of grading the trade for
Watch this video to learn how to open a demo forex broker trading account to get started with forex trading in 2020! This is a quick lesson/guide for all the people looking to getting started trading forex. This video shows how to open a demo account which allows you to trade the real markets with
In today’s video, we’re going to talk about breakout trading. We will cover some of the best trading tactics used to trade breakouts by professional traders. Breakout trading is one of our favorite entry types when trading the markets. This strategy has been responsible for some of my largest gains over the years. In this
WTI up 1% on the day Oil has climbed above the May highs and yesterday closed at the highest since 2018. The March high of $67.98 is now in range. The was a report yesterday that OPEC+ would stick to the script through July at Tuesday’s meeting but there’s a big question mark about what
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
NEW DELHI: The third tranche of the sovereign gold bond (SGB) scheme 2021-22 opened for subscription on Monday. This issue comes soon after the first and second tranche, but is priced slightly higher than both. Prospective bidders, who intend to subscribe to the scheme, can bid for a minimum of 1 gm of gold at
Dollar weakens broadly in relatively quiet Asian session today, while Australian Dollar is strengthening. Asia markets are trading mildly lower, but losses are limited. Month-end flow, plus holiday in the UK and the US, could keep activity subdued today. But the week ahead is extremely busy, with lots of first-tier economic data featured. Technically, Dollar’s
EUR/JPY is heading to the top of its channel at 134.73 though RSI has not confirmed the new high. Therefore, the pair could struggle to extend its recent advance, according to Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank. Uptrend at 131.19 underpins euro/yen “EUR/JPY last week closed above 133.13/48, these were the
Traders are using various strategies to determine whether Bitcoin price has bottomed, but on-chain activity and derivatives data hint that the situation remains precarious. Has Bitcoin price bottomed yet? According to @noshitcoins, derivatives and on-chain data signal that further downside could be in store. Traders have been trying to time the much-anticipated trend reversal ever
Its month end too The US the stock market is opening with relatively modest and similar gains across the major indices. Remember, it is month end today (the stock market will be closed on Monday for Memorial Day). That could lead to flow data and increased volatility. A snapshot of the market currently shows: S&P index up 12.18 points or
Australian PM Morrisson visited New Zealand over the weekend to meet with PM Ardern. Ahead of his visit New Zealand Trade Minister O’Connor said the NZ government was backing Australia in Australia’s trade tensions with China:. “New Zealand is participating in this dispute as a third party because it raises systemic issues of importance to the