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The euro and British pound surged on Tuesday following the release of UK labor market statistics, which revealed an unexpected increase in employment in both the services and manufacturing sectors. Contrary to the consensus estimate of a 198,000-job reduction in August, employment rose by 54,000, a positive revision of the previous figure. Additionally, September saw […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has found a foothold above the Kijun-Sen line. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of the lower boundary of the Cloud at 1.2255 is expected, followed by a rise to 1.2425. A signal confirming the rise will be a […]

EURUSD, “Euro vs US Dollar” EURUSD continues developing a consolidation range around 1.0680. Extension of the range to 1.0705 is not excluded. Next, a decline to 1.0640 might follow. And with a breakout of this level, the pair might drop to 1.0622, from where the trend could continue to 1.0540. This is a local target. […]

TitleGBPUSD H1 | Reacting off resistance? TypeBearish Reversal Preference: Price is rising toward our pivot point of 1.22888 which serves as a swing-high resistance level  A reversal from this point could lead the price to drop to the 1st support at 1.2223, an overlapping support level. Alternative scenario:However, if the price breaks above the pivot, […]

Bullish OPEC Report Crude prices have been making their way higher this week, on the back of heavy selling over recent weeks. The uptick comes amidst a pullback in the US Dollar and has also been helped by a more positive outlook for OPEC. In its latest global outlook, OPEC reported that with global supply […]

The Australian dollar paired with the US dollar is consolidating after a decline. The current AUDUSD exchange rate stands at 0.6370. In November, Australia’s Consumer Confidence index dropped by 2.6 points compared to the previous 2.9 points. This leading indicator reflects consumer spending levels, illustrating countrywide economic activity parameters. Australia’s Business Confidence Index in October […]