GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.2925; (P) 1.2958; (R1) 1.3016;
GBP/USD failed to break through 1.3007 resistance and retreated notably today. Though, it’s staying in range of 1.2675/3007 and intraday bias remains neutral. On the upside, firm break of 1.3007 resistance will suggest that decline from 1.3482 is m
US fiscal impasse will lead to below-forecast Q4 growth – Goldman Sachs
The investment banking giant Goldman Sachs foresees Washington's stalemate on additional fiscal stimulus leading to a slower than expected US economic growth in the fourth quarter.
Economists have lowered their fourth-quarter gross domestic product forecast to 3% from 6% on a quarter-on-quarter bas
US unemployment and fake markets
#GBP/USD#
Yesterday's data on jobless claims (applications for unemployment benefits) gave further confirmation in favor of the fact that the "fast recovery" of the economy is a wishful thinking that cannot be passed off as real. And the point is not even that the data came out worse
Asian Shares Mixed In Cautious Trade
Asian stocks ended on a mixed note Friday after the U.S. Federal Reserve promised to keep rates low for a long time but stopped short of promising changes to its massive bond-buying program.
The Bank of Japan signaled readiness to ramp up stimulus while the Bank of England gave its strongest hint
Refinitiv & Reuters to Provide Resources to Trading Central’s News Portal
Photo: FM
Refinitiv announced this Wednesday that it has struck up a strategic agreement with Trading Central, which will see both Refinitiv and Reuters provide resources to TC Market Buzz, a news curation application for Wealth Management firms.
Under the agreement, Refinitiv will provide its ana
EURUSD Trade For Long In Expanding Wedge Pattern.
#EUR/USD#
EURUSD is trading in expanding wedge pattern , we might see it continue to trade in expanding wedge pattern for some more time. According to chart pattern analysis, one can initiate the long trade on EURUSD with proper risk management and stop loss levels Thank You
Economic data coming up in the European session
A couple of light data points before we head towards the NFP showdown
Happy Friday, everyone! Stocks took a beating yesterday as tech got crushed heavily with the Nasdaq dipping by 5% and that pretty much reverberated across markets in general.
In FX though, the moves were more measured but the do
Bitcoin’s Hash Rate Reaches a New All Time High (Again): Price Boost Ahead?
Photo: Reuters
The price of Bitcoin has been struggling to mount the $12,000 resistance level for roughly three weeks since its pass over $10,000 on July 27th. However, as pressure below the $12,000 level has continued to build, its seven-day average hash rate has reached a new all-time high.
Inde
US Dollar Index Price Analysis: Door open for a move to 92.50
DXY meets extra downside pressure and drops to 93.00.
The continuation of the bearish move should target the 92.50 area.
DXY extends the leg lower following another failure to clinch the 94.00 region, or monthly tops, earlier in the week.
The inability of the index to surpass this area of resistanc
