Latest Market News

Muted Start For Metals on Back Of Last Week’s Gains  The metals market is seeing a more tempered start to the week with both gold and silver futures under mild selling pressure across early European trading on Monday. Both metals saw decent buying last week though gold came off as the clear winner, gaining almost […]

How Hard Is It To Learn Forex? Forex, also known as foreign exchange or FX trading, is the buying and selling of one currency in exchange for another. It is one of the largest and most liquid financial markets in the world. To learn Forex trading can be challenging, as it involves understanding complex financial […]

EURUSD, “Euro vs US Dollar” The currency pair has reached the main goal of the wave of growth at 1.0871. Today a wave of decline to 1.0700 may begin. Then growth to 1.0800 and a decline to 1.0660 may follow, from where the trend might continue to 1.0480. GBPUSD, “Great Britain Pound vs US Dollar” […]

GBPUSD, “Great Britain Pound vs US Dollar” The currency pair is testing the upper border of the bullish channel. The instrument is going above the Ichimoku Cloud, which implies an uptrend. A test of the Kijun-Sen line is expected at 1.2175, followed by growth to 1.2365. An additional signal confirming the growth will be a […]

Type: Bearish Drop Key Levels:Resistance:154.30Pivot:164.00Support:142.05 Preferred Case:Looking at the H4 chart, my overall bias for KC1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 142.05, where the recent low is. Alternative Scenario:Price […]

The dollar fell to its lowest level in 7 months, and bond yields stabilized after a sharp fall on Thursday, as another decline in major US inflation indicators raised hopes for an early end to the Federal Reserve’s tightening cycle, and even its first rate cut in the second half of the year. On Friday, […]