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

Stimulus Expectations, Jump in US Economic Momentum put USD Under Pressure

A key trading theme on Monday has been renewed rise in market risk-free interest rates in the US. The yield on 10-year Treasury bond after short consolidation near 1.30% mark last week has updated its...
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Precious Metals Monday 22-02-2021

Gold Gold prices fell to their lowest level since July last week amidst an uptick in US inflation expectations. An unexpectedly strong January US Retail Sales reading (5.3% vs 1.2% expected) added...

Key Economic Reports and Events for the Week Ahead

On Monday, investors will look closely at the Bank of China's benchmark interest rate decision to see if the central bank is trying to maintain its stimulus bias. Markets are likely to ignore the IFO...

EM Currencies Should Stay Supported Thanks to USD Sell-off

South African advanced on Friday in anticipation of the Treasury budget message next week, while losses in most other emerging market currencies were limited due to broad-based USD retreat.The rand...

Improving PMIs in Eurozone Drive Inflows into European Assets

The recent surge in demand for USD fueled by rise in Treasury yields seems to be abating as the outflow from the Treasury market slows. The 10-year T-Note yield has leveled off trading around 1.30%,...
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What's Driving The Dollar?

Dollar up, Dollar Down It’s been a fairly volatile week for USD with the Dollar Index rallying off the initial lows of the week before reversing and trading back into negative territory on the week....
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The Friday Forex Takeaway - Episode 73

Key Points from This Week UK CPI Improves Following on from the news that the UK avoided a double dip recession in the final quarter of 2020, there were further positive data surprises this week. UK...

The Big Surprise in US Retail Sales is a Negative Event for the USD

The minutes of the Fed meeting brought relief to equity investors as the US Central Bank made it clear that it acknowledges the fact that inflation is accelerating, but is not going to suppress it by...

Chart of The Day EURJPY

Chart of The Day EURJPYEURJPY Probable Price Path & Potential Reversal ZoneUS equities printed another effectively flat day, but that declines at open were consistently recovered intraday could be...