As traders await the publication of United Kingdom (UK) Retail Sales data, the GBP rises against the USD and breaks over the 1.2600 mark on Thursday. In the meantime, the US dollar declined due to a dismal US jobs report. The GBP/USD exchange rate...
NZDUSD Analysis The NZD/USD pair continues to post strong gains and reaches key resistance at 0.5780. The pair rebounded from recent lows and continued to climb above key moving averages. However, the price action has formed a rising wedge pattern,...
Somehow the Euro buyers have completely lost heart, yesterday the price already tested the level of 1.04, it’s good that they didn’t consolidate below it, and this is despite the fact that the buyers actually need to break through the current local...
Crude Oil Technical and Fundamental Analysis Technical Analysis: I have chosen the 1-hour chart to analyze the price action of Crude Oil. Several indicators were used in this analysis, which I will explain in detail before discussing the market...
Markets appear to sense a potential shift in the president-elect’s previously hardline stance, offering some relief to the Canadian Dollar (CAD) and other currencies. However, uncertainty lingers in Canada’s political landscape following Prime...
