Bitcoin dropped below 25,000 on Monday for the first time since June Quickly reclaimed 26,000 amid broader risk-on sentiment in markets The formation of a death cross in the daily chart darkens outlook Bitcoin recovers from 3-month low; caution ahead On Monday, the price of Bitcoin declined below the 25,000 mark for the first time […]
Central bank decisions in United States, United Kingdom, Japan, and Switzerland Fed almost certain to hit pause, markets will focus on updated rate projections More scope for surprises from Bank of England and Swiss National Bank instead Fed – mind the dots The central bank bonanza will kick off with the Fed on Wednesday. […]
Euro tumbles as ECB raises rates but hints at pause US dollar hits 6-month high after US retail sales beat Stocks rally on upbeat Chinese data but watch out for triple witching ECB makes surprise hike despite gloomy outlook The European Central Bank raised its key lending rates by 25 basis points on Thursday, taking […]
USDCAD in an aggressive decline from its 5-month high of 1.3693 Bears eye the crucial 200-day SMA Momentum indicators suggest more pain in the short term USDCAD had staged a massive rebound after finding its feet at the one-year low of 1.3091 in mid-July. However, the pair has been undergoing a downside correction since its rejection […]
Gentle downward move continues ahead of key events GBPJPY ready to test a key area as intervention rumours linger Momentum indicators appear to have reset after the strong rally GBPJPY is trading higher today as the market is preparing for next week’s events. The bears are trying to stage a pullback, but such a move […]
NZDUSD pauses decline at a fresh 9-month low of 0.5858 Hovers around 61.8% Fibonacci retracement of the 0.5510-0.6535 upleg in the past two weeks Despite recent bounce momentum indicators remain tilted to the bearish side NZDUSD has been stuck in a steep downtrend since mid-July when it posted a fresh five-month high of 0.6410. Even though […]
Markets post a risk-on session despite hotter-than-expected headline CPI Renewed trade tensions affect electric vehicle manufacturer stocks and Apple Tech giants discuss with US lawmakers over the need for AI regulation Equities gain despite upbeat inflation reading On Wednesday, markets got an updated US inflation report, which was highly anticipated as it would assess the […]
On 14 October 2023, in Davao, Philippines traders will be able to join us for a free and exclusive seminar on how to use Moving Average Ribbons! The seminar will be hosted by outstanding instructor Jonathan Lou Reyes. Participants will learn how to use the moving average ribbon to identify strong trending markets, spot trading […]
ECB decision coming up, but is it a lose-lose for the euro? Dollar chops around after US inflation, awaits retail sales Gold extends losing streak despite falling bond yields Will the ECB sink the euro? The highlight today will be the European Central Bank decision, where markets are pricing in a 65% probability of a […]
AUDUSD hit a fresh 10-month bottom of 0.6356 last week Regained some ground but clearly not out of the woods yet Momentum indicators suggest that the rebound could strengthen AUDUSD had been in an aggressive decline following a double top pattern in mid-July, with the pair posting consecutive multi-month lows. Even though the price managed to […]
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EURUSD continues to hover around the 1.0720-1.0727 area Short-term bearish trend remains firmly in place But the stochastic oscillator could open the door to a bullish move EURUSD continues to hover around the 1.0720-1.0727 area as market participants are preparing for the next key events. All eyes are on the stochastic oscillator at this juncture. It […]
Canadian CPI could further strengthen Bank of Canada prioritizes inflation over growth Loonie could show temporary reaction BoC sees no rate cuts in sight The Bank of Canada (BoC) kept interest rates unchanged at 5.0% earlier this month, making investors think that the tightening cycle has probably run its course. While futures markets expect interest […]
EURUSD is trying to register its fourth consecutive green candle Short-term bearish trend remains dominant But the stochastic could open the door to a bullish reaction EURUSD is hovering at its lowest point since the late-May trough as the market is preparing for the next key events. The bearish pressure persists but it appears to […]
Rebound attempt falters as selling pressure intensifies Short-term outlook deteriorates Can the stock find its feet or is or is this the start of a new bearish phase? Apple stock has reversed lower after its latest upswing was hindered by the 20-day simple moving average (SMA) in the 180.00 region. Selling pressure has intensified today, […]
US inflation data to set the tone for USD and riskier plays Euro gets a boost from ECB reports, oil prices power higher Tech sector leads stock markets down, gold nurses losses US CPI in the limelight Traders are locked and loaded for another edition of US inflation data today. Markets have concluded that the […]
EURGBP posts a higher high to climb to a one-month peak Short-term bias increasingly bullish according to technical indicators But long-term descending trendline could curb advances EURGBP is scaling a higher high on Wednesday, climbing above the 100-day simple moving average (SMA), having already reclaimed the 20- and 50-day SMAs. The momentum indicators point to […]
NZDUSD hovers near 10-month low A close above 20-day SMA needed Hopes for upside reversal remain NZDUSD is unable to go beyond its 20-day simple moving average (SMA) even after persistently attempting to rebound around the falling support line from March 2023. The pair registered a ten-month low of 0.5884 last week, but there is […]
Bitcoin hovers within 25,000-26,000 range in September Rebounded after posting fresh low just shy of June bottom Death cross points to more losses but momentum indicators diverge BTCUSD (Bitcoin) has been trading without clear direction in the short term but extended its structure of lower lows. Interestingly, the completion of a death cross between the 50- […]
USDJPY bulls remain in control despite intervention rumours Momentum indicators are not supportive of the bulls’ intentions Could the bears stage a move towards the 144.99 area? USDJPY remains a tad below its 2023 high as the bullish pressure continues unabated. The market appears to be testing the Japanese Finance Ministry’s nerves. In the meantime, the momentum […]
Stellar year for Swiss franc, tied for best-performing major currency End to negative rates, FX interventions, and safety flows helped Next week’s SNB decision and risk tone could decide franc’s fate Flying under the radar Even though it hasn’t attracted many headlines, the Swiss franc has gone on a silent winning streak. It is virtually […]
USDCAD trims some gains after eight consecutive weeks of gains Level of confidence weakens but uptrend intact Focus stays on 1.3570 USDCAD faced some profit-taking marginally below the 1.3700 round level, erasing some gains to meet support near its 20-day simple moving average (SMA) at 1.3570. The line was last tested on the first trading […]
The time has come to announce the winners of our 2023 Korea National Liberation Day Promo that ended on August 31. 5 lucky winners enjoyed cash prizes credited as equity to their trading accounts, as part of our efforts to reward our South Korean clients for their national day. The winners and their prizes […]
On August 26 and September 2, we were delighted to welcome a group of our traders in Tashkent and Samarkand, for a fantastic ‘How to Turn Gold Trading into a Reliable Income’ seminar with Zeta Invest CEO and Founder Jamshid Karimov. The seminars were the perfect opportunity for our clients to expand their trading knowledge […]
Markets steady as US data and ECB decision awaited Wall Street starts week on optimistic tone Yen eases slightly as dollar back on the front foot, pound unfazed by jobs data Calm prevails ahead of big tests Markets remained in a cautiously risk-on mode on Tuesday as hopes that China’s economic meltdown is stabilizing and […]
The ECB rate-setting meeting dominates this week’s busy schedule Market split between a dovish 25bps rate hike and a hawkish pause Decision will be announced on Thursday 12.15 GMT, press conference at 12:45 GMT All eyes are on Thursday’s ECB rate meeting The ECB holds its sixth rate-setting meeting for 2023 with the market mostly […]
EURJPY eases into range-bound trading after 15-year high Short-term outlook neutral, but will the bears return? ECB policy announcement scheduled for Thursday 12:15 GMT EURJPY has been moving back and forth between its 20- and 50-day simple moving averages (SMAs) following the pullback from a 15-year high of 159.75. The short-term signals are mixed as […]
GBPUSD in a steady decline since mid-July Found its footing just shy of the 200-day SMA Can the bulls stage a comeback? GBPUSD has been forming a structure of lower highs and lower lows since its 15-month peak of 1.3141. Despite the latest rebound from a three-month low, the short-term oscillators are pointing to further downside […]
USDCHF in a strong recovery mode from its 2023 low Advance paused around 23.6% Fibo of 0.8928 Possibility of a fresh downleg in case of a rejection USDCHF has been in a steady advance since its 2023 bottom of 0.8551, but the short-term rally seems to be running out of steam. The momentum indicators are […]
ECB to hold rates steady; EUR/USD may not enjoy lasting gains UK jobs & GDP data may be not be strong enough to push GBP/USD above key barrier US CPI inflation to strengthen but will USD/JPY resume uptrend? ECB rate decision –> EUR/USD ECB policymakers will analyze a dull dataset before announcing their next policy decision on Thursday at 12:15 […]
