Latest Market News
Brent On H4, the quotes are above the 200-day Moving Average, implying an uptrend. The RSI has risen above the resistance line. A breakaway of 8/8 (87.50) upwards should be expected, followed by growth to the resistance line of +1/8 (89.06). The scenario can be cancelled by a downward breakaway of the support level at […]
GBPUSD, “Great Britain Pound vs US Dollar” The currency pair is pushing off the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which implies an uptrend. A test of the Kijun-Sen line at 1.2310 is expected, followed by growth to 1.2655. An additional signal confirming the growth will be a […]
EURUSD, “Euro vs US Dollar” The currency pair has demonstrated a link of growth to 1.0842. This structure is iinterpreted as a correction of the previous structure of decline. Today a new link of decline to 1.0765 is beginning. The goal is first. Then a correction to 1.0830 and a wave of decline to 1.0690 […]
Why Is It Important To Use Strategies When Forex Trading? Forex trading, or the trading of foreign currencies, can be a profitable venture for those who employ effective strategies. Some popular strategies used in forex trading include: To achieve success in forex trading, it is crucial to choose strategies that will be effective for you […]
Daily Market Outlook, January 19, 2023 Bad News Is Bad News After All… Investors responded negatively to a round of weak US data yesterday, the trifecta of retail sales, industrial production and producers prices data left the markets with heightened concerns of imminent recession looming for the world’s largest economy, Asian investors followed suit with […]
What Is Commodities Trading? You may be familiar with stock trading, but what is commodity trading? Commodities trading provides an alternative to stock trading by buying and selling raw materials such as oil and natural gas, base and precious metals, and agricultural products such as wheat, coffee, and sugar. Traders speculate on a commodity’s future […]