Latest Market News
GBP Continues to Fight Back With the holiday shortened week in the US due to Thanksgiving, it’s been a quieter session for markets this week. However, we’ve seen some important developments and while we haven’t quite seen the largescale volatility of recent weeks, there have certainly been some noteworthy moves. Chatting with traders ahead of […]
Technical & Trade View GBPUSD Trade View 1.2050 target Achieved, New Pattern Emerging Bias: Bullish Above Bearish below 1.1950 Technicals Primary support is 1.1950 Primary upside objective 1.22 Next pattern confirmation, acceptance above 1.21 Failure below 1.19 opens a test of 1.1770 20 Day VWAP bullish, 5 Day VWAP bullish Today’s New York Cut Option […]
BRENT On H4, Brent quotes are under the 200-day Moving Average which indicates prevalence of a downtrend. The RSI is testing the descending trend line. Currently, the price should test 3/8 (84.38), break through it, and fall to the support level of 2/8 (81.25). The scenario can be cancelled by the price rising over 4/8 […]
The Japanese yen against the US dollar remains stable, the current quote is 138.51. As long as basically the yen is aiming at devaluation, the current state of things can be called a fantastic luck. This foothold was given to the yen by the weakness of the dollar that dropped after last week the minutes […]
Amazon Under Pressure Shares in US tech giant Amazon have been back under pressure recently following a failed attempt at reclaiming the broken 103.36 level. The broader downturn in tech stocks has weighed heavily on the stock which reported lower revenues than expected over Q3. Looking ahead, the usually high demand holiday season over Q4 […]
Daily Market Outlook, November 25, 2022 ‘Sterling Soars To A Three-Month High ’ With US markets closed yesterday for the Thanksgiving holidays, Asian markets were somewhat lacklustre overnight, lacking a lead from Wall Street. China's covid concerns continue to cause alarm, however, it seems markets are choosing to focus on the potential for further monetary […]