Author: FX
EUR/USD has clawed up, but it’s now running into a key resistance zone. Will the bears defend this zone and push the pair back lower? Source link
GBP/USD hit a nine-week high as UK GDP beat forecasts, BOE rate-hike bets grew, and Andy Burnham’s incoming government added political clarity. Here’s why. Source link
GBP/USD faces a key test as supportive long term trends collide with sticky inflation, shifting rate expectations, and stubborn resistance. Source link
The Peak and Valley Indicator MT4 helps reduce that uncertainty by highlighting important turning points that often shape market structure.Poor timing can lead to repeated stop-loss hits, emotional trading, and unnecessary account drawdowns. Many traders react to every candle instead of waiting for confirmed price swings, which often results in chasing the market. This indicator gives traders a clearer view of where significant peaks and valleys have formed, making trend analysis and trade planning much more organized.The sections below explain how the indicator works, where it performs best, and how traders can combine it with price action to improve trading…
Bernstein lifts 2026 gold target to $4,533 on central bank buying, muted Fed hikes !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
A chip-led selloff dragged U.S. stocks lower Thursday as renewed Iran strikes and hawkish Fed comments capped risk appetite. The dollar firmed against every major and closed the day’s top performer. Source link
The GBP/JPY retreats some 0.34% on Thursday after the pair reached a new 18-year high of 219.62 on Wednesday. Nevertheless, at the time of writing, the cross-pair retreated to 218.80, down 0.34%, as the Yen recovers some ground.GBP/JPY Price Forecast: Technical outlookThe GBP/JPY trend is up, even though it fell short of breaking 220.00, which could’ve opened the door for further gains. Momentum, as measured by the Relative Strength Index (RSI), is bullish, and as of writing, the index is dipping ahead of turning overbought. This triggered a leg down in the GBP/JPY pair, though further upside is seen.Ahead of…
The GBP/USD 10 SMA has crossed above the 50 SMA, signaling a potential bullish trend shift. Learn how to assess the setup. Source link
This chart is as ugly as it gets in terms of a topping formation.Micro shares have fallen $400 in the past three weeks and are now at the lowest since May 26. They’re down 32% after initially surging on the most-recent quarterly earnings report. In that report, the company forecast it would earn $31 per share in the coming quarter with no slowdown in sight.Annualized that’s $124, which puts the shares at 7x earnings (though the consensus is $73.37 this year). For next year the consensus is $157 so that puts forward earnings at just 5.4x.So in terms of fundamentals,…
Scotiabank strategists Shaun Osborne and Eric Theoret note GBP/USD is slightly weaker as it gives back part of yesterday’s strong advance, helped by expectations of a centrist, market-friendly Burnham government. United Kingdom (UK) data were mixed, with robust Gross Domestic Product (GDP) offset by softer Industrial Production. From a technical perspective, they argue the early July bull reversal remains intact and see scope for gains toward at least 1.3650.Bull trend targets retest of 1.3650″The GBP is a mild underperformer on the session as markets give back some of yesterday’s solid gains. Investors appear to have been cheered by reports suggesting…