Latest Market News

GBPUSD GBPUSD is testing the Tenkan-Sen line of the indicator, going above the Cloud, which indicates an uptrend. A test of the Kijun-Sen line is expected at 1.1600, followed by growth to 1.2175. An additional signal confirming the growth will be a bounce off the lower border of the ascending channel. The scenario can be […]

• CADJPY reversed from support level 104.90 • Likely to rise to resistance level 107.25 CADJPY reversed up from the key support level 104.90 (which has been reversing the price from August), 50% Fibonacci correction of the upward impulse form May, standing near the lower daily Bollinger Band. The upward reversal from the support level […]

• CADCHF reversed from support level 0.7100 • Likely to rise to resistance level 0.7200 CADCHF recently reversed up from the key support level 0.7100 (which stopped the sharp downtrend in September), standing near the lower daily Bollinger Band. The upward reversal from the support level 0.7100 stopped the earlier short-term impulse wave 3. Given […]

Daily Market Outlook, November 14, 2022 “Markets open the week on a slightly more cautious footing, comments from Fed member Waller cooled risk appetite as the Fed policymaker suggested that equity markets had over reacted to the inflation print as interest rates still had further to go to combat inflationary pressures. The outlier in Asian […]

Metals Rally As USD Drops Last week was an important week for the metals market with both gold and silver seeing strong gains amidst the deepening USD correction we saw. Gold prices are now sitting around 10% off the year’s lows with silver prices up more than 20%. Last week, the big catalyst for the […]

The British pound against the US dollar is at the highs since the end of August. The current quote is 1.1789. The main trigger for the growth of the GBP is the weakness of the USD. This is the factor that has let the pound climb up so high. Fundamentally speaking, there are very few […]