News

Aug 01
USDJPY H4 | Potential bearish reversal?

TitleUSDJPY H4 | Potential bearish reversal? TypeBearish Reversal Preference:Price is nearing our pivot point of 142.956 that aligns with 78.6% Fibo retracement and supply zone. A reverse from here, price could fall to 1st support at 141.941 which is a pullback support level. Alternative scenario:However, if price break above the pivot, it could push to […]

Aug 01
FCA warns against CapitalClaim Ltd / capitalclaim.net

Unauthorised firm details Name: CapitalClaim Ltd / capitalclaim.net Email: [email protected] Website: https://capitalclaim.net/ Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so the information looks genuine.

Aug 01
GBPUSD H4 | Potential bearish reversal?

TitleGBPUSD H4 | Potential bearish reversal? TypeBearish Reversal Preference:Price is moving toward our pivot point of 1.2884 that aligns with 50% FIbo retracement. A reverse from here, price could fall to 1st support level at 1.2776 Alternative scenario:However, if price breaks above the pivot, it could push to 1st resistance at 1.2968  which is a […]

Aug 01
China to Announce Fresh Measures Following PMI Miss

Factory Activity Drops Again The latest data out of China overnight has offered little reassurance over the health of the world’s second largest economy. The manufacturing PMI was seen staying in negative territory for a fourth straight month last month. While slightly above forecasts at 49.3 vs 48.9 expected, the data is further evidence of […]

Jul 31
AUDJPY Rallying Hard Ahead of RBA

RBA On Watch The RBA will meet overnight tonight for its August rate decision. Expectations have been heavily divided in the build up to this meeting though, as it stands, the market is currently forecasting a further .25% hike, which would take Aussie rates up to 4.35% from 4.1% currently. On the back of two […]

Jul 31
EURUSD Decline Runs into Barriers as EU Growth and Inflation Data Counter US Data Surprises

On Monday, the week kicked off with the report on China’s industrial sector activity. The PMI index surprised on the upside, rising to 49.3 and beating consensus estimate of 49.2 points. The slowdown in activity has been gradually easing for the second consecutive month, alleviating concerns about China’s economy and supporting the search for yield […]