News

EURGBP Breaks Above the 50 Hour MA

EURGBP Breaks Above the 50 Hour MA

EURGBP rebounds today after five consecutive sessions of losses at 0.9153 after a sequence of dismal economic data from European Union the previous week. European Monetary Union Consumer Price Index (YoY) came in at 1% missing expectations of 1.1% in July. . On the technical analysis side the bulls are [...]
DAX index Breaks Above the 200 Day MA

DAX index Breaks Above the 200 Day MA

DAX index trading 0.67% higher at 11,638 as trader’s hope of more stimulus from central banks around the globe. European Monetary Union Consumer Price Index (YoY) came in at 1% missing expectations of 1.1% in July. The German GDP shrank by 0.1% in the second quarter from the previous quarter [...]
EURUSD Bulls Regaining the 1.11 Mark

EURUSD Bulls Regaining the 1.11 Mark

EURUSD turns higher today after four consecutive days with losses, breaking above the 1.11 mark that opens the way for a visit to 100 hour moving average at 1.1136, after Eurozone June current account balance came in at €18.4 billion vs the previous reading of €29.7 billion. Bears are still [...]
GBPUSD Retreats From Daily High, Stops at 50 Hour MA

GBPUSD Retreats From Daily High, Stops at 50 Hour MA

GBPUSD turned sharply lower at 1.2131 after the pair rejected at 1.2172 the daily high. The pair last week got a boost from the UK Retail Sales which rose 0.2% m/m in July beating forecasts, suggesting that the British economy is in better shape than investors feared. GBPUSD stopped at [...]
Nikkei 225 Adds 0.71% as Investors turn More Optimistic

Nikkei 225 Adds 0.71% as Investors turn More Optimistic

Asian indices and Nikkei 225 finished higher today as the international trade relations sentiment improved after US and China were looking to move forward with trade talks in September. The Hang Seng finished 2.31 percent higher at 26,326, the Singapore Straits Times index finished 0.61 percent higher at 3,136 and [...]
AUDUSD Consolidates Below 0.68

AUDUSD Consolidates Below 0.68

AUDUSD trades 0.13% higher at 0.6783. Investors closely watch the RBA and a speech by Governor Lowe later this week, as it kept its official cash rate on hold at 1.00%, as widely expected earlier this month. In the daily chart the pair today is testing the support at 50 [...]
Eurozone June Current Account in Focus Today

Eurozone June Current Account in Focus Today

EURUSD traders awaiting the Eurozone June Current Account due at 8:00GMT. Investors will closely monitor the Jackson Hole Symposium on 22-24 August for fresh cues on monetary policy , while on Friday the focus will be on Chief Powell’s speech. The sentiment around the Japanese manufacturers turned bearish for the [...]