
GBPUSD continues to find resistance at the 100 weekly SMA, where it has formed a bearish reversing chart pattern.
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The GBP/USD price analysis indicates a weaker UK economy. Data revealed a 0.1% contraction in the UK economy. Market participants expect the Bank of England to keep rates unchanged next week. The GBP/USD price analysis indicates a weaker UK economy after data revealed an unexpected contraction. Meanwhile, market participants are grappling with the escalating global
US stock markets suffered another brutal session overnight, with NASDAQ leading the decline, shedding nearly -2%. All three major indexes closed below their respective 55 W EMAs, reinforcing the bearish case that the markets are now in a medium-term correction phase. This technical breakdown suggests that downside momentum is gaining traction, with investors recalibrating their
Banks, hedge funds, and other large financial institutions analyze interest rates before trading the forex market, investing in equities, or expanding operations into global markets. This is because interest rates significantly affect the financial markets and are a major indicator of current and future market performances. The Federal Reserve Role in Driving the US Dollar’s
Created on March 13, 2025 My previous GBP/USD signal on 6th March was not triggered, as there was no bullish price action when the support level at $1.2877 was first reached. Today’s GBP/USD Signals Risk 0.75%. Trades must be entered prior to 5pm London time today only. Long Trade Ideas Go long following a bullish
Limassol, Cyprus, March 13th, 2025, FinanceWire Avenix Fzco has launched Avexbot, an AI-enhanced trading system that introduces a precision-focused approach to GBP/USD trading by combining institutional-grade analytics with real-time market adaptability. Designed for traders who demand both speed and accuracy, Avexbot processes high-quality tick data, analyzes daily candlestick trends, and adjusts its execution strategy
The EUR/USD outlook shows growing trade tensions between the US and the Eurozone. Trump implemented a 25% tariff on steel and aluminum imports. US inflation increased by 0.2% in February, down from 0.5%. The EUR/USD outlook shows growing trade tensions between the US and the Eurozone that are weighing on the euro. However, soft US
(Submitted Photo/DigitalFreePress) Sponsored Content | Digital Free Press Forex trading was limited to large financial institutions before online trading platforms became accessible to individual traders. After MetaTrader 4 launched in 2005, retail traders gained online access to the forex market, allowing more individuals to explore the forex market for profit. Before long, MT4’s outstanding trading
Created on March 13, 2025 The bitcoin market has a bit of bent stomach churning during the trading session on Wednesday as we have seen a little bit of a pullback early, only to turn around and skyrocket toward the $85 level. This was mainly in reaction to the cooler than anticipated CPI numbers, as
Dollar is staging a notable rebound as markets transition into US session, though the exact catalyst behind the move is unclear. Part of Dollar’s strength could be attributed to a broad pullback in Euro, as traders begin to take profits after this month’s strong gain. Euro’s retreat is providing the greenback with some temporary relief.
Technical issues that blocked some traders’ access to the foreign exchange trading platform run by the London Stock Exchange Group LSEG have been resolved, the financial technology and data provider said on Thursday. Some customers experienced temporary access disruptions with forex trading in India from 02:15 GMT to 06:26 GMT on Thursday “due to a
The Indian rupee rose on Thursday, aided by dollar sales from foreign banks and the trimming of short bets against it, over a trading session that was impacted by an outage on the London Stock Exchange Group’s (LSEG) foreign exchange trading platform. The rupee closed at 86.9975 against the U.S. dollar, up 0.2% on the
The chaos brought by Donald Trump to the US economy, introducing tariffs on China, Canada, and Mexico, has contributed to the strengthening of the euro, pound, and Swiss franc. The situation remained unchanged even after the release of US inflation data yesterday. According to the published figures, the core consumer price index declined more than
Electronic trading major IG Group Holdings plc (LON:IGG) today issues its revenue update for the three months to 28 February 2025 (“Q3 FY25”), representing the third quarter of the financial year ending 31 May 2025. Total revenue of £268.0 million increased 12% on the year-ago quarter and 10% on the prior quarter. Within this, trading
Keep Day Trading Simple Photo by Kanchanara on Unsplash I’ve always day traded Forex. I have never played with real money when it comes to day trading crypto and for good reason. I do invest in Bitcoin. Every week I will buy between £10/£30 worth of it. I hold this or set and forget about
Created on March 12, 2025 The British pound has been very bullish for some time, and it’s interesting that during the trading session on Tuesday, we’ve seen more of the same, despite the fact that we’ve seen a lot of hesitation recently. That being said, I think we’ve got a situation where the 1.30 level
Created on March 12, 2025 The euro has initially pulled back just a bit against the Japanese yen on Tuesday, only to skyrocket toward the 200-day EMA. This is a pair that I think, given enough time, will probably try to break above the ¥162 level. If it does, that opens up the possibility of
Created on March 13, 2025 The US dollar has drifted a bit lower during the trading session on Wednesday against the Mexican peso as it has basically struggled against quite a few different things. So, with that being said, I think you’ve got a situation where traders are looking at the 20 pesos level as
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Created on March 12, 2025 During the trading session on Tuesday, we have seen even more bullish pressure for the euro, as yields in Germany continue to climb. As long as that is going to be the case, it makes the euro a bit more attractive than the US dollar, which people are starting to
Created on March 12, 2025 The gold market continues to look very strong on Tuesday, as the gold market has been forming a massive bullish flag, which will be catching the attention of most traders. In fact, I suspect that most technical traders are already involved or at least waiting to be so. For what