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EUR/GBP Remains Vulnerable With Upside Attempts Capped Below 0.8590 
                    
Technical levels to watch

EUR/GBP Remains Vulnerable With Upside Attempts Capped Below 0.8590 Technical levels to watch

 Image Source: Pixabay   Euro recovery attempts fail below 0.8600. Eurozone Services PMI revised higher, yet into contraction levels. The broader trend remains bearish with 0.8550 support in play. The euro remains depressed near three-month lows against the Pound Sterling. The pair;’s mild recovery attempt seen during Tuesday’s early European session has found resistance at 0.8590 before […]
The Summer Of Central Bank Gold Buying Extends Into The Fall

The Summer Of Central Bank Gold Buying Extends Into The Fall

Image Source: Unsplash  Central banks gobbled up gold over the summer and the buying spree has continued into the fall.Globally, central banks added another net 42 tons of gold to their reserves in October.China continues to be the biggest gold purchaser. The People’s Bank of China added another 23 tons of gold to its hoard in […]
AUD/USD Price Analysis: Aussie Takes A Hit In The Wake Of RBA

AUD/USD Price Analysis: Aussie Takes A Hit In The Wake Of RBA

The AUD/USD price analysis took a bearish turn as the Australian dollar fell, reacting to the Reserve Bank of Australia’s (RBA) choice to maintain unchanged interest rates. At the same time, a stronger dollar added to the downward pressure.–Are you interested to learn more about forex options trading? Check our detailed guide-The RBA maintained rates at […]
BTC Pierces $42,000

BTC Pierces $42,000

Bitcoin is currently into its eighth consecutive week of gains.In that time the world’s most popular cryptocurrency has incredibly gained over 50% in value which means the cryptocurrency is up around 150% on the year.Yesterday saw fresh near 20-month highs which briefly caused the coin to have made back over half its losses from the […]
Silver Forecast: Shakes Traders Out

Silver Forecast: Shakes Traders Out

As the week commenced, silver surged, showing an initial robust upward momentum. This trend, however, was short-lived as the precious metal experienced a sharp downturn, testing the critical $25 threshold. This sudden shift has cast a shadow of unpredictability over the market, making it increasingly challenging to forecast the metal’s future trajectory. Notably, the Relative Strength Index […]
Will The BoC Sink The CAD?

Will The BoC Sink The CAD?

Photo by Michelle Spollen on Unsplash  Short-term interest rate markets see the Bank of Canada making four 25bps interest rate cuts next year. With expectations that the Bank of Canada will leave current interest rates unchanged at 5% this week. Could there be some significant selling in the Canadian dollar?The US dollar Canadian dollar currency pair has a […]
Bitcoin Crosses $42000 And Ethereum Is Close To $2280

Bitcoin Crosses $42000 And Ethereum Is Close To $2280

Bitcoin chart analysisThe price of Bitcoin climbed to a new high yesterday at the $42404 level. After the formation of a new high, the price retreats below the $42,000 level to support at $41,400. For now, we are holding above the support level and waiting for a new bullish consolidation for a new rise above […]
NIO Inc.’s Q3 Surge: Sales Up, Profits Down In The Electric Vehicle Race

NIO Inc.’s Q3 Surge: Sales Up, Profits Down In The Electric Vehicle Race

Image Source: Unsplash  NIO reported a substantial increase in Q3 2023 revenue and vehicle deliveries but faced a widened net loss and reduced vehicle margin.  Key Highlights Quarterly Revenue Short of Expectations: NIO Inc. (NYSE: NIO) reported a total revenue of RMB 19.07 billion for Q3 2023, short of the expected figure of RMB 19.37 billion. […]
Stock Market Psychology

Stock Market Psychology

Image Source: Pexels  As bottom-up stop pickers and long-term investors, sentiment indicators don’t rank very high on our list of important considerations. However, there are times when extremes of sentiment occur and can have an impact on which stock sectors we avoid or ones we get attracted to researching.A few things are going on which triggered […]
EUR/USD Forex Signal: Bears Prevail As It Flips Key Support Level

EUR/USD Forex Signal: Bears Prevail As It Flips Key Support Level

The EUR/USD pair also retreated as investors reflected on the hawkish statement by Jerome Powell, the head of the Federal Reserve.  Bearish view Sell the EUR/USD pair and set a take-profit at 1.0735. Add a stop-loss at 1.0875. Timeline: 1-2 days.  Bullish view Set a buy-stop at 1.0830 and a take-profit at 1.0900. Add a stop-loss at 1.0735. The EUR/USD […]