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GBPUSD Technical Analysis – 22nd FEB, 2024 GBPUSD – Bullish Trend Reversal GBPUSD had a strong bullish momentum today when the prices touched a high of 1.2708 after which we saw a downwards retracement in its levels touching a low of 1.2611. We can see that the prices remained in a...

EURUSD Technical Analysis – 22nd FEB, 2024 EURUSD – Resistance of Channel is Broken EURUSD had strong bullish momentum today and managed to touch a high of 1.0885 after which we saw downwards retracement towards a low of 1.0802 levels. We can see that the prices of Euro have now entered into...

Commodity Currencies Strengthen after the FOMC Minutes Publication The fundamental data of recent trading sessions contributed to a slight strengthening of commodity and European currencies. Thus, the AUD/USD pair, after forming a bullish engulfing combination, managed to confidently gain a...

EUR/USD Analysis: Euro Showing Signs of Strength Today news was published about the values of PMI indices for European economies. Data from France was encouraging: → French Flash Manufacturing PMI: actual = 46.8, expected = 43.5, a month ago = 43.1; → French Flash Services PMI: actual = 48.0...

NVDA Share Price Soars 11% after Report The signs of concern we wrote about yesterday have largely subsided. After three days of declines, the price of E-mini Nasdaq 100 futures bounced off the lower boundary of the channel (see yesterday's chart) and rose, led by NVDA stock. Nvidia's...

GBPUSD Technical Analysis – 21st FEB, 2024 GBPUSD – Bullish Price Crossover GBPUSD had a bullish momentum yesterday when it touched a high of 1.2667 after which we can see some downwards correction coming into the markets. The prices of GBPUSD have entered into a consolidation channel after...

EURUSD Technical Analysis – 21st FEB, 2024 EURUSD – Bullish Trend Reversal EURUSD was moving in a bullish momentum yesterday and touched a high of 1.0838 after which we can see a downwards pressure coming into the markets which brought down the prices of Euro towards a low of 1.0789. Today we...

Ethereum Price Falls after Exceeding $3,000 We previously wrote about the reasons for the positive sentiment in the ETH/USD market. Optimism was added by a post on X (Twitter) by Vitalik Buterin about the so-called Werkle trees. This technology, which should (according to the information in...

S&P 500 Inches Down After Long Rally as FOMC Minutes Approach Aside from the performance of a national currency, a popular yardstick by which to gauge anticipation or reaction to an economic event or announcement is the market sentiment surrounding the top listed stocks on premier exchanges...

NASDAQ Price Declining Ahead of NVDA Report E-mini NASDAQ 100 futures fell below the psychological 17,500 level yesterday after trading above 18,000 on Friday. The reason for the decline may be the fears of market participants ahead of the news release: → today after the close of the main...

Market Analysis: EUR/USD Starts Increase While USD/JPY Dips EUR/USD gained bullish momentum above the 1.0800 resistance. USD/JPY is declining and showing bearish signs below the 150.40 level. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro remained in a bullish zone and...

GBPUSD Technical Analysis – 20th FEB, 2024 GBPUSD – Bullish Harami Cross GBPUSD started today on a subdued note after which we can see some bullish moves in the European trading session today. The prices of GBPUSD have managed to touch a high of 1.2615 after which we saw some short-term...

EURUSD Technical Analysis – 20th FEB, 2024 EURUSD – MACD Crosses UP its Moving Average EURUSD started moving today in a consolidation channel after which we can see some bullish moves towards the 1.0800 handle. The MACD crosses UP its Moving average in both the 2-hourly and 4-hourly...

Will investors focus on commodities in the advent of tomorrow's FOMC Minutes? Just over a day remains before the Federal Open Market Committee (FOMC) in the United States is set to release the minutes from its policy meeting, which was held at the end of January. Ordinarily, announcements...

GBPUSD Technical Analysis – 19th FEB, 2024 GBPUSD – Ichimoku - Bullish crossover GBPUSD started this week on an indecisive note with the prices oscillating between a high of 1.2628 and a low of 1.2582 today. We can see the formation of Ichimoku - Bullish crossover pattern in the 4-hourly...

EURUSD Technical Analysis – 19th FEB, 2024 EURUSD – Bullish Trend Reversal AMA50 EURUSD started this week on an indecisive move with the prices oscillating between a high of 1.0788 and a low of 1.0761 today, after which we can see a move towards the consolidation phase in the markets. We can...

Dollar Holds Steady after Producer Price Data Release Market activity remains quite low at the beginning of the week, as American trading floors are closed to celebrate Presidents' Day. At the same time, investors continue to evaluate the data on manufacturing inflation published last Friday...

ForexCup Trading Championship 2024 Dear Members of the ForexCup Community, We are pleased to announce the ForexCup Trading Championship for the year 2024, a prestigious competition offering traders the opportunity to get personalised crystal trophies for the top three positions. In...

GBP/JPY: Price Corrects from 8.5 Year High According to CNN, the economies of the UK and Japan entered a technical recession last week as data showed a second consecutive quarterly decline in gross domestic product. And if in the UK the economic downturn can be associated with high inflation...

Is the UK really in a recession? Perhaps 2024 data will be different It's Monday morning, and a deluge of doom and gloom relating to a recession having begun in the United Kingdom is abound. Many mainstream news channels, along with analyses coming from a number of financial markets...