GBP/USD falls to 1.3800 for the first time since 12 February It has been quite the fall from grace for cable after having hit a high of 1.4237 last week. The pound lost ground and cable fell back under 1.4000 and has struggled to get back above that this week, before extending its decline in
Technical Analysis
Russell index falls -2.76%. The NASDAQ index was -2.11% The major indices tumbled once again with the NASDAQ and Russell 2000 index leading the way to the downside. Feds Powell’s interview with the Wall Street Journal did not help hope that the Fed chair would look to talk down (or act on) the higher long-term rates. That did not
Silver down over 1% to the lows of $25.63 on the day Invest in yourself. See our forex education hub. The drag in gold is also inadvertently having a negative pull on the likes of silver and platinum lately and we are seeing more of that today as well with silver having fallen to its
Looks to close back below the 200 day MA for the 2nd time in 5 trading days The price of Amazon has dipped below the $3000 price level for the 1st time since early November. The low price in November reached $2950.12. The September low reached $2871. . There is a bounce however with the price currently trading
EUR/USD keeps the rebound from 1.2000 yesterday to 1.2100 today Price is climbing to a fresh session high of 1.2108 as the dollar is seen a touch weaker to start the session as the narrow ranges on the day extend a little. Of note, EUR/USD is keeping a bounce from 1.2000 yesterday as well as
Gold up $10 on the day Is anything more hated than gold right now? Sentiment has turned wildly against the shiny stuff as bitcoin and other high-flying cryptocurrencies steal its luster. Add in the technical break below the November lows and it’s tough to find a short-term bull. Given the chart and the negative seasonals
Gold is down 0.4%, falling to a low of $1,707 earlier in Asian trading Invest in yourself. See our forex education hub. A firmer dollar is also part of the story today but the gold outlook has been rather shaky for quite a while now. The break of the November low last week has not
Sterling keeps steadier after the correction to the upside move last week Invest in yourself. See our forex education hub. Cable has backed off earlier highs closer to 1.4000 as the pound loses a bit of its earlier momentum but is still keeping higher so far today. The slight retreat also comes as we see
The dollar is recovering ground across the board In turn, the bids in the dollar is pushing EUR/USD to fresh lows since 18 February as the Friday lows give way and that puts some pressure on support closer to 1.2023. Just take note that the 100-day moving average in the pair comes in at 1.2029
USD/JPY moves up to 106.05 to start European morning trade This comes as Treasury yields are at the highs for the day, with 10-year yields up 4.5 bps to 1.421% and 30-year yields up 5.5 bps to 2.289%. This is putting some downward pressure on the yen and will be a key spot to watch
AUD/JPY up 0.5% to 84.76, its highest levels since February 2018 The yen is weighed lower on the back of higher yields once again to start European morning trade, with AUD/JPY pushing to fresh highs in three years currently. The pair is looking to hold a push past the March to June 2018 highs around
AUD/USD falls to a session low of 0.7805, down 0.8% today Invest in yourself. See our forex education hub. The aussie is vehemently rejecting a test of the 0.8000 handle yesterday, as it continues its fall from grace in a 200 pip drop towards 0.7800 since then. The risk selloff is the main story in
EUR/USD sellers look to try and seize near-term control Despite calmer tones in the market so far in European morning trade, the dollar is still keeping bid as there is still an air of uncertainty ahead of US trading later. EUR/USD is pushed to fresh session lows @ 1.2123 and is testing trendline support as
Breakdown in gold Gold is crumbling, falling sharply for the second day and breaking the Nov/Feb double bottom at $1765. The break has sparked a heavy wave of selling and a $38 decline to $1731, which is the lowest since late June. There isn’t much standing in the way of a fall to $1700 or
The sell everything mode in the market is dragging gold lower as well Invest in yourself. See our forex education hub. Gold is down 0.7% on the day as price falls below its 30 November low @ $1,764.80, trading to levels last seen since June last year. With the November low and 50.0 retracement level
EUR/USD climbs to a six-week high of 1.2200 Invest in yourself. See our forex education hub. Despite yields ticking higher to start European morning trade, the dollar is actually tracking lower across the board – except against the yen – in the major currencies space. EUR/USD has climbed to a fresh high of 1.2200, its
WTI crude is up another 0.7% to $63.70 today Invest in yourself. See our forex education hub. The gains in oil this month have been rather unrelenting, with the rally even looking past news that OPEC+ may be looking to decide on increasing production starting from April at its next meeting in March. That said,
Russell 2000 index rises by 2.38% The major stock indices all closed sharply higher with the Russell 2000 of small-cap stocks outperforming with a gain of 2.38%. The Dow industrial average is closing at a record high of 31961.86. It reached an intraday all-time high of 32009.64. A look at the closing levels shows Russell index up 53.08 points or
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