200 hour MA and 38.2% tested The GBPUSD fell on the back of the tough talk from the EU on Brexit. Adam is not too concerned about it (see post here), but its Friday. European traders are either out the door or near gone which decreases the liquidity. Finally, there was some technical reasons to
GBP/USD Weekly Forecast: Time for a meaningful downside correction? Covid and US GDP eyed GBP/USD has been rising amid speculation of a BOE rate hike and risk-on-related dollar weakness. UK covid headlines, US GDP and US politics are set to move markets ahead of Halloween. Late October’s daily chart is painting a mixed picture. A rate hike in
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Shiba Inu (SHIB), a spin-off to Dogecoin (DOGE) token, reached an all-time high following a price surge of more than 46% in just two days. The SHIB/USD trading pair was valued highest at $0.00003941 during press time. The latest price jump of SHIB token is attributed to an ongoing bullish trend from Oct. 15, which
Gold inched higher and was poised for a second weekly gain on Friday, as a softer provided some respite against higher U.S. bond yields and rising expectations that central banks could begin easing economic support. FUNDAMENTALS * Spot gold rose 0.1% to $1,785.00 per ounce by 0216 GMT. U.S. gold futures edged 0.2% higher to
Billionaire bond investor Jeffrey Gundlach said Friday that inflation in consumer prices likely will remain elevated through 2021 and stay above 4% through at least 2022. Citing pressures from shelter costs and rising wages, the head of DoubleLine Capital told CNBC that he sees the current inflation run as non-transitory and instead likely to persist
In this article LUV A Southwest Airlines Co. Boeing 737 passenger jet arrives at Midway International Airport (MDW) in Chicago, Illinois, U.S., on Monday, Oct. 11, 2021. Luke Sharrett | Bloomberg | Getty Images Southwest Airlines on Thursday reported a third-quarter profit on Thursday thanks to a boost from federal payroll aid but said operational
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Discover probably the best day trading & scalping strategy for trading Forex, crypto and stock market. In this video you will discover: • How to make money trading stocks and Forex market using MACD indicator and ABC price action pattern • how to use and how to read MACD (how to buy and sell using
What are the charts saying for the EURUSD in the new trading week. The EURUSD traded below the 200 week moving average over the prior 3 trading weeks. Each of those weeks could not close below that MA level. In fact, the last 3 weeks closed between the 100 week MA above (blue line in
XAU/USD ended the day in a high tone, clung above $1,790.00. Fed’s Chairman Powell: High inflation will likely last well into next year. XAU/USD: Has an upward bias, but higher US bond yields and market sentiment could impact the non-yielding metal. Gold (XAU/USD) finished the day at $1,792.59 for a 0.54% gain at the time
The new tax will be levied on residential and non-residential property, but not to rural residences. An earlier pilot scheme was implemented in 2011 in two cities at rates from 0.4% to 1.2% on higher-end housing and second homes, and has not as yet been applied in more cities. There are few details of the
Petrol and diesel prices were hiked for the fourth straight day on Saturday. Fuel rates in India now touch an all-time high across the country with a 35 paise a litre hike. Petrol and diesel in Delhi is now priced at Rs 107.24 per litre and Rs 95.97 per litre respectively today. In Mumbai, petrol
In this article SQ TWTR Jack Dorsey, CEO of Twitter and co-founder & CEO of Square, speaks during the crypto-currency conference Bitcoin 2021 Convention at the Mana Convention Center in Miami, Florida, on June 4, 2021. Marco Bello | AFP | Getty Images Twitter co-founder Jack Dorsey weighed in on escalating inflation in the U.S.,
American Airlines on Thursday reported a $169 million profit for the third quarter thanks to more than $990 million in federal payroll support. Revenue for the quarter totaled $8.97 billion down about 25% from the same period of 2019 but up from the $3.17 billion American brought in a year ago. That was ahead of