I think we’ve got a situation where it’s a bit of a “perfect setup”, and we should continue to see plenty of upward momentum in this market. The US dollar has rallied ever so...
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US equities show signs of life late
A bounce earlier today took the S&P 500 to 3873. We’re 9 points below that now and 27 points above the low. If it can get into the post-opening gap, there could be some...
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Indonesia’s import and export in August was very impressive
Trade balance reached $5.8 billionIndonesia’s export sector beat market expectations, up 30.2% from the average forecast of 19.9% year-on-year. Rising demand for energy products boosted exports by 61%, while shipments of products other than...
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Turning DAI into a floating asset, the Bellatrix hard fork has been activated
Bellatrix is working on the Ethereum Beacon Chain. MakerDAO co-founder Rune offers an “end game plan” for free-floating DAI. KyberSwap is hacked from the front-end and the attacker moves a token worth $265,000.Weekly DeFi...
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3 Minutes
What To Expect From The GBP/USD In Short And Long Positions?
The yen weakened to its lowest level since 1998, with USDJPY breaking through the 1 0 mark. For the week, the pair gained 1.9%. In times of economic uncertainty, traders typically expect the yen...
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4 Minutes
The EUR/USD pair is fluctuating. Details of what’s happening
The EUR/USD pair continues to move in a familiar style over the past two weeks. The price reversed sharply again and the move occurred inside the 0.9900-1.0072 channel. We have already said that this...
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Bitcoin Forecast: September 2022
Bitcoin is hovering near the 20,400.00 mark as of this writing, but it has just spent the past few days struggling to sustain value over the 20,000.00 mark. Having touched a level of nearly...
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China state-owned banks reportedly seen selling dollars in onshore market
The sources say that the move seemed aimed at driving a stronger yuan for the day and forcing the onshore USD/CNY rate to close below 6.90. As mentioned earlier:...
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2 Minutes
Forex Today: Powell Drop Stops
Following the souring of risk sentiment after Fed Chair Powell’s Jackson Hole speech last Friday, sentiment seem to have recovered somewhat, sending stock markets mostly higher and halting the strong advance in the US...
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GBP/USD Forex Signal: Still in a Downwards Trend
Long Trade Idea Long entry following a bullish price action reversal on the H1 timeframe immediately upon the next touch of $1.1600. Put the stop loss 1 pip below the local swing low. Adjust...
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