GBPUSD AWAITING RATE DECISION The British pound is trading around above the 1.3000 level against the US dollar as traders await today’s key interest rate decision from the Bank of England. The GBPUSD pair could fall towards the 1.2840...
ETHUSD COULD HIT $190.00 Ethereum is looking increasingly bullish over the short-term, with the second largest cryptocurrency firming above the technically important $170.00 level. ETHUSD bulls may start to target the $190.00 resistance if Bitcoin attempts to rally towards...
US futures declined even as the market received positive corporate earnings from companies like Microsoft, Tesla, and Facebook. Futures tied to the Dow and Nasdaq declined by 165 and 44 points respectively. Tesla made a net income of $105...
GBPUSD REMAINS WEAK The British pound remains weak against the US dollar as traders continue to sell any rallies in the pair towards the 1.3100 resistance level. Traders are cautious ahead of the Bank of England rate decision as...
US stocks had a rough day yesterday as traders focused on the disease that is spreading in China and other countries. The Dow Jones Industrial Average and the S&P500 indices declined by 453 and 52 points respectively. Energy and...
FOMC and BOE rate decisions are the key market events this week Rate Watch During the upcoming trading week, financial markets take direction from key interest rate decisions from the US Federal Open Market Committee and the Bank of...
Market participants await central bank interest rate decisions Rate focus During the upcoming trading week, traders and investors look to central bank interest rate decisions and key PMI manufacturing data from the eurozone economy. This week the People’s Bank...
The Sterling declined today as the Office of National Statistics (ONS) released the retail sales data for December. The data showed that the retail sector continues to struggle in the country. In the three months to December, the quantity...
EURUSD INCREASINGLY BULLISH The euro is holding firm above the 1.1145 level against the US dollar, which indicates that buyers could soon test towards the 1.1200 resistance level. EURUSD sellers are likely to be sidelined until a confirmed breakout...
USDJPY 109.70 KEY The US dollar is trading in a tight price range against the Japanese yen currency as traders await the next directional move in the pair. The USDJPY pair remains in a strong technical position while price...
