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GBPUSD Under Pressure: Downtrend Confirmed Or Correction Incoming?

GBPUSD Under Pressure: Downtrend Confirmed Or Correction Incoming?

GBPUSD’s recent price action suggests continued weakness. This analysis examines the technical situation and explores potential scenarios for the currency pair. GBPUSD Stuck in Downtrend: Falling Trend Line Resistance: A key technical indicator for GBPUSD is the falling trend line on the 4-hour chart. As long as the price remains below this trend line resistance, the downtrend […]
Pound Sterling Eyes More Downside On Firm BoE Rate Cut Prospects

Pound Sterling Eyes More Downside On Firm BoE Rate Cut Prospects

 Photo by Colin Watts on Unsplash    The Pound Sterling drops to near 1.2300 as the BoE is expected to start reducing interest rates from August. The S&P Global/CIPS UK preliminary PMI data for April will provide guidance on the economic outlook. Two BoE policymakers are lined up to speak as investors seek clues about the interest-rate outlook. […]
Altair (ALTR) Buys Cambridge Semantics, Enhances AI Technology (Revised)

Altair (ALTR) Buys Cambridge Semantics, Enhances AI Technology (Revised)

In a bid to enhance its strong analytics and data science team with deep data warehousing expertise, Altair Engineering Inc. (ALTR) has acquired Cambridge Semantics.Cambridge Semantics is a modern data fabric provider and creator of one of the industry’s leading analytical graph databases. Its graph-powered data fabric technology simplifies the creation of comprehensive enterprise knowledge graphs by […]
DXYZ: An Old Form Of Ignorance

DXYZ: An Old Form Of Ignorance

Image Source: Unsplash  Many investors are bullish, or not fearful, of the future of stock returns. At Smead Capital Management, we continue to explain to our investors how poor the outcomes will be. Some ask when this view will change. To quote Keynes, “When the facts change, I change my mind. What do you do, sir?” […]
Sensex Today Trades Higher; Tejas Networks Rallies 10%

Sensex Today Trades Higher; Tejas Networks Rallies 10%

Asian markets traded higher on Tuesday following overnight gain on Wall Street.Japan’s Nikkei 225 gained 0.8%, while the Topix rose 0.66%. South Korea’s Kospi added 0.2%US stocks rose on Monday after steep losses in the previous session as the tensions in the Middle East eased.Here’s a table showing how US stocks performed on Monday: Stock/Index […]
FX Daily: Sterling Makes Its Move

FX Daily: Sterling Makes Its Move

Image Source: Unsplash  Sterling has seen some noticeable underperformance after dovish comments from MPC internal members. We’ve also just had some comments from the ECB hinting that its policy moves may not be as independent of the Fed after all. Today, we’ll be focusing on any modest improvement in the eurozone PMIs. Over in Hungary, a slower pace […]
Elliott Wave Technical Analysis: Australian Dollar/Japanese Yen – Tuesday, April 23

Elliott Wave Technical Analysis: Australian Dollar/Japanese Yen – Tuesday, April 23

Image Source: Pixabay  AUDJPY Elliott Wave Analysis Trading Lounge Day Chart,    Australian Dollar / Japanese Yen (AUDJPY) Day Chart  AUDJPY Elliott Wave Technical AnalysisFUNCTION: Counter Trend                            MODE: impulsive as C                            STRUCTURE: red wave […]
EUR/USD Extends Holding Pattern Ahead Of PMIs

EUR/USD Extends Holding Pattern Ahead Of PMIs

Image Source: Pixabay EUR/USD trades in a range in the mid 1.0600s ahead of key PMI data for the US and Eurozone.  The pair has formed a Bear Flag price pattern suggesting the potential for a steep decline.  EUR/USD extends its holding pattern of the last few days, trading in the mid 1.0600s on Tuesday, prior […]
SPDR ETF Report For Monday, April 22

SPDR ETF Report For Monday, April 22

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Monday, April 22.Video Length: 00:18:05More By This Author:Metals Report For Monday, April 22Financial Markets Report For Monday, April 22SPDR ETF Report For Friday, April 19
Silver Price Forecast: XAG/USD Attracts Some Sellers Below $27.00 Amid Risk-On Mood

Silver Price Forecast: XAG/USD Attracts Some Sellers Below $27.00 Amid Risk-On Mood

Image Source: Pixabay Silver price extends its downside near $26.95 on Tuesday.  The easing fear of wider tensions in the Middle East improves market sentiment. Reduced Fed rate cut speculation boosts the USD and drags the white metal lower.  Silver price (XAG/USD) trades on a softer note for the second consecutive day around $26.95 on Tuesday during the early […]