TECHNICAL ANALYSIS Technical analysis is a method of price forecasting that involves pattern recognition on a chart. Analysts employ various tools to identify levels of support and resistance, breakouts and breakdowns, trends and trading ranges. Knowing the strategies basics,...
The volatility in US stocks continued in the American and Asian sessions. Yesterday, the Dow and the Nasdaq rose by more than 5% as investors cheered the latest actions by the Fed and the US government. However, this changed...
MARKET PARTICIPANTS LOOK TOWARDS KEY US AND EU DATA RELEASES THIS WEEK Macro Data During the upcoming trading week financial market participants look to economic data releases from the United States and eurozone economies for direction. The United States...
Global stocks and crude oil tanked while safe-havens rose as coronavirus cases surged in Iran, Italy, and South Korea. In Europe, the Stoxx index declined by 3%, which is the biggest sell-off since December 2018. In Germany, the Dax index fell...
GBPUSD AWAITING BEARISH CLOSE The British pound is starting to firm above the 1.3000 level against the US dollar after sellers failed to close the daily candle below the 1.2960 level. The GBPUSD pair could trade in a price...
US STOCKS SOAR AS TESLA STOCK DOUBLES THIS YEAR US stocks rallied yesterday as the market ignored the spreading risks of coronavirus. The Dow rose by more than 400 points while Nasdaq rose by almost 200 points. Tesla was...
MANUFACTURING AND US JOB DATA ON THE AGENDA THIS WEEK During the upcoming trading week traders look to the releases of key global manufacturing data and the job of the Nonfarm payroll report from the US economy. The ISM...
Global stocks rose today as the market speculated that the economy will be able to withstand the spreading coronavirus disease. Futures tied to the Dow and S&P500 rose by 285 and 35 points respectively. In Europe, the DAX and...
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...
