REAL TIME NEWS
DXY Higher on Jobs DataThe US Dollar is ending the week at highs after a firm rally yesterday as traders reacted to stronger than forecast US data. The weekly jobless figure was seen well below forecasts at 218k down from 232k prior, below 233k expected. Alongside ... DXY Higher on Jobs DataThe US Dollar is ending the week at highs after a firm rally yesterday as traders reacted to stronger than forecast US data. Th
Bitcoin Weaker on FridayBitcoin prices are ending the week at lows with the market down heavily yesterday as USD rallied in response to better-than-forecast US data. Weekly jobless claims were seen dropping to their lowest level in months while final quarterly GDP ... Bitcoin Weaker on FridayBitcoin prices are ending the week at lows with the market down heavily yesterday as USD rallied in response to better-than-fo
TitleAUDUSD H4 I Spotting a bullish reversalTypeBullish bounce Preference:The price is falling towards the pivot at 0.6520, which is a pullback support that aligns with the 61.8% Fibonacci retracement and the 78.6% Fibonacci projection. A bounce from this level cou... TitleAUDUSD H4 I Spotting a bullish reversalTypeBullish bounce Preference:The price is falling towards the pivot at 0.6520, which is a pullback suppor
TitleUSDCHF H4 I | Potential bullish bounce TypeBullish bouncePreference: The price is falling towards the pivot at 0.7969, a pullback support. A bounce at this level could lead the price toward the 1st resistance at 0.8067, a multi-swing high resistance that is sl... TitleUSDCHF H4 I | Potential bullish bounce TypeBullish bouncePreference: The price is falling towards the pivot at 0.7969, a pullback support. A boun
TitleUSOUSD H4 | Bullish bounce off support Type Bullish bouncePreference:The price is reacting off the pivot at 64.28, which is an overlap support. A bounce from this level could lead the price toward the 1st resistance at 66.67, a pullback resistance that aligns ... TitleUSOUSD H4 | Bullish bounce off support Type Bullish bouncePreference:The price is reacting off the pivot at 64.28, which is an overlap support. A
Title GBPUSD H4 I Potential bullish reversal aheadTypeBullish reversalPreference:The price is falling towards the pivot at 1.3313, a pullback support that aligns with the 78.6% Fibonacci projection. A bounce at this level could lead the price toward the 1st resista... Title GBPUSD H4 I Potential bullish reversal aheadTypeBullish reversalPreference:The price is falling towards the pivot at 1.3313, a pullback support
Title GBPUSD H4 I Bullish bounce from key supportTypeBullish reversalPreference:The price is falling towards the pivot at 1.3384, an overlap support that is slightly above the 61.8% Fibonacci projection. A bounce at this level could lead the price toward the 1st re... Title GBPUSD H4 I Bullish bounce from key supportTypeBullish reversalPreference:The price is falling towards the pivot at 1.3384, an overlap support t
BTC Still StuckIt’s been a tricky week for Bitcoin bulls. Following a heavy sell off on Monday, price had staged a recovery through the middle of the week before turning lower again today. Resilience in the US has been partially attributed to the failed recovery wi... BTC Still StuckIt’s been a tricky week for Bitcoin bulls. Following a heavy sell off on Monday, price had staged a recovery through the middle of the
TitleXAUUSD M30 | Bullish bounce off support Type Bullish bouncePreference:The price is falling towards the pivot at 3,726.95, which is a pullback support that is slightly below the 38.2% Fibonacci retracement. A bounce from this level could lead the price toward t... TitleXAUUSD M30 | Bullish bounce off support Type Bullish bouncePreference:The price is falling towards the pivot at 3,726.95, which is a pullback sup
TitleUSDCHF H4 I | Potential bearish reversal TypeBearish reversalPreference: The price is rising towards the pivot at 0.7986, an overlap resistance that aligns with the 61.8% Fibonacci retracement and is also slightly below the 127.2% Fibonacci extension and the 6... TitleUSDCHF H4 I | Potential bearish reversal TypeBearish reversalPreference: The price is rising towards the pivot at 0.7986, an overlap resistance t

Fundamental Analysis

The Crude Chronicles - Episode 92

Oil Traders Cut Longs The latest CFTC COT institutional positioning report shows that crude traders reduced their net long positions by a further 0.5k contracts last week. This latest reduction takes...

FOMO Friday: Crude Jumps 5%

Oil Breaks OutAs we close out another week it’s time once again to reflect on performance. Chatting with other traders this week it’s been interesting to hear the different positions people have been...

Dollar Index Clings to 90 points Ahead of Crucial ADP and NFP Data Releases

Major pairs in FX space traded in a narrow range on Thursday, awaiting release of the Non-Farm Payrolls report on Friday. The downside risks for USD remain as preliminary labor market data for May...

Chinese Central Bank Takes Action Against Rising Yuan

PBOC Fighting Back The PBOC has taken a series of steps this week aimed at halting the ongoing rise of the Chinese Yuan. USCNH is down over 3.5% this year alone, and more than 11% from the 202 highs....

Fed To Unwind Corporate Asset Purchases

SMCCF To Be Unwound Speculation around when the Fed will begin tapering its massive monetary stimulus programme jumped back into focus overnight. In one of the first moves that signal the beginning of...

Aussie GDP Higher Than Pre-Pandemic

GDP Rises in Q1 Aussie bulls were given further encouragement overnight as the latest economic data came in above expectations. Aussie Q1 GDP came in at 1.8%, well above the 1.6% forecast. With this...

Aussie Rises As RBA Cites Faster-Than-Expected Recovery

AUD Higher Following RBA Meeting The Australian Dollar is seeing renewed demand over the European morning on Tuesday, following the June RBA meeting overnight. The RBA kept rates on hold, as expected...

Oil Breakout Sets the Stage for the Rally Towards the $75 mark

Forex trading was calm and uninteresting on Monday as UK and US markets were closed due to holidays. On Tuesday, we saw a weak attempt by the greenback to recover after the currency tumbled against...

Dollar Outlook for the Week: More Sales Ahead of the NFP

On Monday, the dollar index struggles to maintain support at 90 points. The attempt to go up on the inflation report failed miserably on Friday:Annual inflation in the US in April was the highest in...