GBP/USD Bullish Structure Targets 1.2960-65


The thematic of USD strength does not look like it's going to go away anytime soon if one judges by the weekly closes achieved in the DXY and EUR/USD. It was such a pity that the bullish close outside a well -defined 6.70-75 range could not be replicated in the USD/CNH. The positive US GDP Q1 headline number hides underlying softness … Continue reading GBP/USD Bullish Structure Targets 1.2960-65

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Dollar Surges to New High on Dovish BoJ, BoC Outlooks


https://youtu.be/yIBOs1XzXE0 The dollar has come off Wednesday’s highs in early trade in Europe on Thursday, but is still well bid on the back of news flow suggesting the U.S. economy remains a pillar of relative strength. The euro fell to its lowest level in nearly two years against the dollar late Wednesday, at $1.1141, after disappointing business … Continue reading Dollar Surges to New High on Dovish BoJ, BoC Outlooks

Dollar holds near multimonth high; Aussie crashes on benign inflation


The greenback was holding steady near a 22-month high on Wednesday as strength against the euro was offset by minor losses against other trading partners. The ICE Dollar Index, DXY, +0.06%  which measures the dollar against a basket of six currencies, was at 97.651, unchanged on the day. The index hit an intraday high at 97.78 on Tuesday, … Continue reading Dollar holds near multimonth high; Aussie crashes on benign inflation

Euro falls to a one-week low after weak manufacturing surveys


LONDON (Reuters) - The euro fell to a one-week low on Thursday after weak manufacturing surveys in Europe raised concerns about an economy struggling to gain traction before the long Easter weekend. Activity in Germany's manufacturing sector shrank for a fourth straight month in April, while a similar survey from France also painted a bleak … Continue reading Euro falls to a one-week low after weak manufacturing surveys

Dollar Drifts After Fed’s Evans Hints at Long Rates Pause


© Reuters. Investing.com -- The dollar was still trading sideways in early trading in Europe Tuesday, after dipping late Monday on the back of comments from the Federal Reserve’s Charles Evans suggesting that there will be no change in interest rates for over a year. Evans, president of the Chicago Fed, told CNBC that he … Continue reading Dollar Drifts After Fed’s Evans Hints at Long Rates Pause

Dollar Lower on Trump Tirades, Risk-Friendly Backdrop


The dollar was slightly lower in early trading in Europe Monday, as risk assets around the world benefit from last week’s events that included an encouraging start to earnings season in the U.S. and further signs that the Chinese economy is regaining momentum. At 04:00 AM ET (0800 GMT), the euro was up 0.1% from late Friday … Continue reading Dollar Lower on Trump Tirades, Risk-Friendly Backdrop

Goldman Pushes Back Fed Hike Forecast to 4Q 2020 From 1Q 2020


(Bloomberg) -- Economists at Goldman Sachs Group Inc (NYSE:GS). have pushed back their forecast for the Federal Reserve to raise interest rates amid low inflation and political scrutiny of the central bank’s decisions. The U.S. bank now expects the Fed to hike in the fourth quarter of 2020 from the first quarter. The shift comes even as … Continue reading Goldman Pushes Back Fed Hike Forecast to 4Q 2020 From 1Q 2020

U.S. Dollar Flat After Fed Minutes; Euro, Pound Edges Up on Brexit News


U.S. Dollar Flat After Fed Minutes; Euro, Pound Edges Up on Brexit News The U.S. dollar was flat on Thursday after the release of the Federal Reserve’s March meeting minutes. The U.S. dollar index that tracks the greenback against a basket of other currencies last traded at 96.523 by 1:40 AM ET (05:40 GMT), down 0.04%. The … Continue reading U.S. Dollar Flat After Fed Minutes; Euro, Pound Edges Up on Brexit News

Anycoin Direct now accepts credit card payments on their platform


Benefits of accepting Credit Cards Implementing Credit Card payments was a logical step forward for Anycoin Direct. They want to provide the best service possible and this includes offering a wide variety of payment options. Another reason to accept credit card payments is the fact that there is a strong demand for it within the … Continue reading Anycoin Direct now accepts credit card payments on their platform

Bitcoin price analysis: BTC/USD bulls are back, $5,300 is within reach


© Reuters. Bitcoin has been able to sustain an uptrend above the trendline since the surge on April 2.The ongoing bullish momentum is likely to test $5,300. BTC/USD is in the green once again following a day of retracement where it tested the support at $5,200. At press time, Bitcoin is dancing with $5,253 and trending higher … Continue reading Bitcoin price analysis: BTC/USD bulls are back, $5,300 is within reach

ECB remains on high alert – ING


Carsten Brzeski, chief economist at ING, explains that the content of the ECB’s introductory statement and the ECB’s assessment of growth and inflation outlook had remained basically unchanged from the March meeting, as the bank remains on high alert. https://youtu.be/kXFj4khfaL8 Key Quotes “The main interest was on whether the ECB would give away any new details of … Continue reading ECB remains on high alert – ING

How does Forex trading Work?


https://youtu.be/z7538iNe2Pw How does Forex Work? Forex trading is the simultaneous buying of one currency and selling of anotherThese two currencies make up what is known as a "currency pair"Currencies are always traded in pairs - each currency is represented by three lettersThe first two letters represent the country and the third letter identifies the currencyForex … Continue reading How does Forex trading Work?

What is Technical Analysis in trading Fx


https://youtu.be/rlZRtQkfK04 Technical Analysis Technical analysis is the study of prices over time, with charts being the primary tool. This is done by comparing current price action with historical price action to identify patterns that can suggest probable future price movement. Technical analysis helps traders to determine trends and acts as a signal or indicator to … Continue reading What is Technical Analysis in trading Fx