At the end of April, GBPUSD breaking the upward Daily trendline, managed to surge till 1.30400 region with a long bullish momentum. The next day of the week, the pair dropped about 50 pips post U.S FED Release. The pair suffered further drop with the mixed GBP and US releases…

EURUSD, after forming a new low for the month April bounced back at 1.11100 and managed to reach the descending channel resistance but failed to reach as there was a huge volatility in the release of U.S Feb Interest rate decision which came out unchanged as expected.The early session Euro…

(Bloomberg) -- Welcome to Thursday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started: Fed chief Jerome Powell pushed back against pressure for interest-rate cuts from traders and President Donald Trump, saying inflation will rebound and the economy will stay healthy -- this…

USDCHF trapped inside rising wedge pattern since OCT'2017 is finally broken upside before a couple of week and somehow tried to form a new high reaching 1.02300. As the markets was quite calm for the holidays, there was no impact in the pair to move further. Yesterday, the FOMC held…

The Institute for Supply Management (ISM) Manufacturing Index shows business conditions in the US manufacturing sector It is a significant indicator of the overall economic condition in US. Latest release for the month of April was released as 52.8 vs 55.0 expected.The US Dollar did get some respite following the…

GBPJPY rebounding at 143.760 last week, managed to surge above reaching 6-Days high at 145.600. GBPJPY bulls couldn't break above the resistance in the early sessions as there was no much impact caused despite of 0.1 increase vs 53.00 expected in the UK PMI and broke the 1hr trendline below…

USDCAD managed to break above 1.3500 monthly support for the 4th time but failed to break above the last high. Today in the Morning hours, the crude oil prices continued to slump following Trump’s call yesterday. The economic data for China’s PMI came out in the Asian session. The Chinese…

GBPUSD bouncing at 1.28600 last week, is raising for the 3rd consecutive day.Though the starting of the week was a bit quite, the positive momentum picked up the pace since the early European session on Tuesday and was supported by a fresh wave of US Dollar selling pressure.As of writing,…

XAUUSD started the week with a bearish move at 1286.00 region.Breaking of the neckline at 1280.50 with macroeconomic data releases from the U.S. including U.S New Home Sales, the US Dollar Index is edging higher, keeping the bearish pressure on the pair intact as XAUUSD bears dropped till 1266.00, forming…

EURUSD raises after forming a new low for the month on Friday as the US GDP came out with stronger than expected news release with 3.2% annually. In the early Asian session ,EURUSD already dropped 0.10% after the poor release for the eurozone today. However, a more significant downward driver…