Created on November 21, 2024 Bearish View Sell the GBP/USD pair and set a take-profit at 1.2550. Add a stop-loss at 1.2750. Timeline: 1-2 days. Bullish View Buy the GBP/USD pair and set a take-profit at 1.2750. Add a stop-loss at 1.2550. The GBP/USD exchange rate remained under pressure after the stronger UK inflation numbers

Image used for representational purpose. | Photo Credit: Reuters The rupee turned flat at 84.42 against the U.S. dollar in early trade on Thursday (November 21, 2024) amid volatile crude oil prices and lackluster sentiment in the domestic equity markets. A weaker American currency supported the local unit, but it was weighed down by the

Stock markets started reversing higher this week after last week’s retreat, with S&P 500 closing above $5,900 points again, as risk sentiment turned positive late in the day, while Nvidia earnings posted some decent Q3 profit results. Yesterday we decided to open a buy S&P 500 signal, as the price action was showing buying momentum,

Created on November 19, 2024 Natural gas in the spot market has been just stretching higher and higher over the last several weeks as we continue to see a lot of resistance at $3.15. That being said, you can see that $3.15 is an area that’s been important multiple times in the past and it

SINGAPORE, Nov. 20, 2024 (GLOBE NEWSWIRE) — VXBanc, a leading innovator in financial technology, has unveiled its latest breakthrough in AI-driven analytics, setting a new standard for speed and accuracy in cryptocurrency and Forex market data analysis. With cutting-edge algorithms and state-of-the-art machine learning models, VXBanc’s innovative solutions are poised to empower traders with faster

Created on November 20, 2024 For three consecutive trading sessions, the gold price has been moving within an upward rebound, with gains reaching the resistance level of $2642 per ounce, the highest price in a week. This rebound is to recover from losses that reached the lowest level of the gold price index, which plummeted

Created on November 20, 2024 For four consecutive trading sessions, the EUR/USD currency pair has been attempting to rebound and recover from its lowest levels in a year, which reached the support level of 1.0496 at the end of last week. This is due to the strength of Trump’s trade policies, which provided further strength

Created on November 20, 2024 In my daily analysis of the USD/CAD pair, the market has been all over the place, and the first thing that I think about is that the market is hanging around the 1.40 level, a large, round, psychologically significant figure, and therefore I think it attracts a lot of attention.

Amazon, Amazon Music, and Audible, an Amazon-owned online audiobook and podcast service, have been flooded with bogus listings that push dubious “forex trading” sites, Telegram channels, and suspicious links claiming to offer pirated software. Amazon listings promote illicit sites Yesterday, BleepingComputer reported how threat actors were abusing Spotify playlists and podcasts to promote pirated software and game

Created on November 19, 2024 At the beginning of this week, the price of gold ounce rose by $50 in a single trading session as the gold price rebounded from the support level of $2565 per ounce to the resistance level of $2615 per ounce in the same trading session. Recovering from sharp losses recently,

Olxton Group is a brokerage firm that offers a wide range of trading options across major financial markets. With a focus on ultra-low spreads, high leverage, and zero commissions, Olxton Group positions itself as a robust platform for both new and seasoned traders. This olxtongroup.com review covers everything you need to know about the platform’s

Created on November 20, 2024 In my daily analysis of the NZD/USD pair, the market had initially pulled back just a bit only to turn around and show signs of life. That being said, the market is somewhat neutral for the day, with a slightly positive attitude. At this point, short-term pullbacks will more likely

Japan’s exports rose 3.1% yoy in October, reaching JPY 9,427B, a strong recovery from the -1.7% yoy decline in September, which marked a 43-month low. This rebound was primarily driven by a 1.5% yoy increase in shipments to China, buoyed by strong demand for chipmaking equipment. However, exports to the US, Japan’s largest trading partner,

Created on November 19, 2024 During my daily analysis of the USD/JPY pair, the first thing I notice is that we did recover about half of the losses from the previous session, which of course is a very bullish turn of events. Furthermore, it’s probably worth noting that a lot of people were worried about

Created on November 19, 2024 The US Dollar gapped lower against the Mexican peso during the trading session on Monday, but then turned around to show signs of life. By doing so, the market reached as high as 20.50 MXN before pulling back. Quite frankly I think this is a situation where we will continue

Created on November 19, 2024 The USD/SGD has traded in a relatively calm manner in early trading this morning, but this follows a handful of days in which the currency pair has produced sharp reversals, tested highs and remains choppy. The price of the USD/SGD as of this writing is around the 1.33895 mark with

With ever-increasing expectations to achieve best execution, the buy-side has highlighted multi-dealer platforms (MDPs) as a means to achieving this goal. A new report from Coalition Greenwich found that buy-side comments with respect to MDPs reflect that the ability to access dealer quotes while keeping them in competition, helps optimise trading. The growing use of

The foreign exchange (FX) market is the largest financial market in the world by trading volume, with average daily turnover of approximately $7.5 trillion, according to the BIS’s latest Triennial Survey. The structure of the FX market has evolved extensively over time, undergoing important shifts in the types of market participants, the jurisdictions in which

Putin warned the US of a lower threshold for a nuclear strike. Economists expect UK inflation to increase by 2.2% in October. The dollar remained steady after gaining over 1.6% last week. The GBP/USD price analysis indicates a sudden rush to safe-haven assets that weakened the pound against the dollar. Meanwhile, the Trump trade kept

Created on November 19, 2024 As this week’s trading began, the turmoil caused by Trump’s trade policies has somewhat subsided, allowing the EUR/USD currency pair to rebound, reaching 1.0607 at the time of writing this analysis. Recovering from the sharp losses it suffered recently, reaching the 1.0496 level, the lowest level for the currency pair