Latest Market News

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is trading at 1.3521; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.3495 and then resume moving upwards to reach 1.3680. Another signal in favour of a further uptrend […]

AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, AUDUSD is trading below the 200-day Moving Average, thus indicating a possible descending tendency. In this case, the price is expected to rebound from 5/8 and then resume falling to reach the support at 3/8. However, this scenario may no longer […]

Gold prices retreat from the highest level in a week Gold prices fell on Tuesday, but remained near their highest levels in a week, pending the release of US inflation data for January, which is crucial to the Federal Reserve’s tapering schedule. This comes with continued fears between Russia and Ukraine, which supported the yellow […]

Oil prices deepened their losses by about 2% during trading on Tuesday, with US crude falling below $90 a barrel, while awaiting talks between Iran and the United States on the nuclear deal. Investors are waiting for the resumption of indirect talks between the United States and Iran that could revive the nuclear deal, which […]

The surprisingly strong NFP report for January markedly eased pressure on the dollar as it reminded that the Fed is likely to lead a hawkish policy reassessment by the central banks of major economies. After release of the report, the two-year US bond yield surged by 9 bp to 1.3%, indicating that the report made […]

Pfizer Reports TodayUS pharmaceuticals giant Pfizer is in the spotlight today. The company reports 2021 Q4 earnings and traders will be keen to take advantage of any volatility around the release. Pfizer shares have been trading lower over recent months, correcting from all-time highs above the $61 level, printed in December, to current lows around […]