The UK parliament rejected a no-deal Brexit on Thursday evening. This leads to speculation that the UK might formally ask the EU for an extension to the March 29 Brexit deadline, putting further uncertainty into the UK’s exit from the EU. However, the news sent the British pound surging. The…

A meeting between U.S. President Donald Trump and Chinese President Xi Jinping to resolve the ongoing trade war won't take place this month and is more likely to occur in April at the earliest, Bloomberg reported on Thursday citing unnamed sources. Negotiators from both countries have been working toward a…

USD/JPY's bounce from 111.00 has ended up clearing resistance at 111.46. So, the pair could rise further toward 111.75-111.80 during the day ahead. The currency pair had dived out of the rising channel yesterday, signaling a revival of the sell-off from the recent high of 112.14. The breakdown, however, was…

GBPNZD continues to fall inside the clear daily Rising Wedge chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Rising Wedge chart at the 7-bar level – which is the result of the sharp Initial Trend (10 bars), above-average Uniformity and Clarity (6 bars) GBP/NZD…

NZDUSD is trading at 0.6831; The markets could indicate that the price may test the upside border of the cloud at 0.6825 and then resume moving upwards to reach 0.6858. Another signal to confirm further descending movement is the price’s rebounding from the channel’s downside border. If the price breaks…

A break above this resistance could be followed by a rally that’s around the same size as the triangle formation.Technical indicators suggest that bulls have the upper hand since the 100 SMA is above the longer-term 200 SMA. If the resistance refuses to budge, bitcoin could sink back down to…

EURJPY managed to climb above 125.500 region in the early sessions today . However the bears bounced back at 125.500, testing the ascending trendline at 125.200. Forming a new support, EURJPY is expected to re-target the 126.00 neighborhood once the last high is broken at 125.600. Traders who took the…

Cox said that May's plan would 'reduce the risk' that Britain could be indefinitely trapped in the EU customs union, adding that the legal risk remains unchanged. GBP/USD sheds over 150 pips with the headline. The future of Britain's exit from the European Union hung in the balance on Tuesday…

Gold slipped on Monday after briefly breaching $1,300 per ounce on Friday, as equity markets regained some ground and the dollar .DXY hovered near a three-month peak. Spot gold XAU= was down 0.2 percent to $1,295.85 per ounce at 1117 GMT, while U.S. gold futures GCv1 slipped 0.2 percent to…

May is reported to be considering pulling a second vote on her Brexit deal as she faces the prospect of another huge and humiliating defeat. The prime minister had assured MPs they would be given another "meaningful vote" by tomorrow at the latest, but may have to abandon the plan amid "deadlock"…