GBPUSD technical perspective recovery attempt might now confront supply near recent bearish breakdown point, around the 1.2965-70 region, comprising of the very important 200-day SMA and a descending triangle pattern support. An uptick might prompt some additional short-covering move but seems more likely to remain capped near a descending trend-line…

The Gross Domestic Product Annualized released by the US Bureau of Economic Analysis shows the monetary value of all the goods which is announced as 3.2% vs 2.1% expected. The market was collapsed with high volatility with EURUSD dropping till 1.11106 but bounced back all of a sudden forming new…

(Bloomberg) -- Chinese President Xi Jinping addressed some 40 world leaders at the Belt and Road forum in Beijing, but his speech may have been aimed at a head of state not in the audience: U.S. President Donald Trump. Xi spent a large portion of his speech Friday addressing Chinese…

The dollar index surged to its highest since May 2017 overnight after the Bank of Japan joined its counterpart in Canada in talking down the economic outlook.The BoJ said it would hold off from any interest rate increases for at least another year, sending the dollar briefly to a new…

AUDCAD, travelling in the raising channel since February 26 and tested 0.96000, is been falling for the whole week consecutively.The RBA trimmed mean CPI quarterly is released as 0.3% vs 0.4% expected, and CPI quarterly as 0.0% vs 0.2% expected. As the week was dull due to Easter holidays and…

USDCAD remained sustained near the upper vicinity of the showing an uptrend. The pair traded above the significant 200-days SMA and 100-days SMA, developing bullish outlook in its future movements. The Relative Strength Index drifted just near the 75 levels. The USD/CAD was trading near the month top levels breaching…

GBPUSD inability to defend key horizontal support near the 1.2950-65 region confirms a fresh bearish break through a descending triangular formation With technical indicators on daily chart gaining negative traction and still far from being in the oversold territory, the pair seems more likely to extend the downfall further towards…

The number of New Home Sales released by the US Census Bureau is an important measure of housing market conditions. House buyers spend money on furnishing and financing their homes so as a result the demand for goods, services and the employees is stimulated.Ths Dollar Index rose upto 0.42% o…

USDCHF is seen bullish for the 4th day consecutively forming new high for the month. Despite market being dull for the past few days, USDCHF managed to reach the top ascending wedge pattern at January 2015 high. The pair is likely to continue its momentum, getting continuous support by the…

XAUUSD is been struggling since last week at 1280.00-1270.00 region. The pair was paused since friday due to the Easter weekend holidays. The U.S home sales made a small impact on the pair last day but was flat-lined at the end of the session. Currently trading at 1268.33, XAUUSD already…