The crude oil price is in a tight consolidation in the last couple of weeks. It holds above $50 and trades in a horizontal range – a typical formation for a bullish flag. A bullish flag is a continuation pattern having a measured move equal to the poll’s distance projected […]
The GBP/CAD price is in a strong upward trend as the overall strength of the British pound continues. The pair is trading at 1.7495, which is the highest it has been since August last year. Other pairs like the GBP/USD and GBP/JPY have also continued to rally. The GBP/AUD has […]
The stock market is on everyone’s lips, and the Dax index follows the price action in the United States closely. While not making new highs, it sits close to the highs on the back of extreme interest in the equity markets, especially from the retail community. It appears that the […]
The FTSE 100 is falling today ahead of the important Federal Reserve interest rate decision and key big tech earnings. The index is trading at 6,668 pounds, which is in the same range it has been in the past few weeks. FTSE 100 news: There’s no major earnings by a […]
Gold price, as other dollar markets as well, just consolidated in the past weeks. It appears that the markets wait for the next move in the dollar, and the Fed Meeting and press conference today is critical from that perspective. The price of gold forms a head and shoulders pattern. […]
The Ethereum price has been under pressure in the past few days after it rose to a three-year high of $1,472. The ETH price is trading at $1,291, which is 12% below this week’s high. Its market cap has dropped to more than $147 billion while the total market cap […]
The GBP/USD price momentum is accelerating even as the UK economic situation continues to get worse. The GBPUSD rose to 1.3750, which is the highest level in more than two-and-a-half years. Today, focus will be on the tone of the Federal Reserve. What happened: The GBP/USD price continued its upward […]
The EUR/USD price is little changed today as traders wait for the Fed interest rate decision and the US durable goods data that will come out later today. The EURUSD is trading at 1.2165, which is in the same range where it was yesterday. FOMC preview: The FOMC will conclude […]
Litecoin price dropped today as sentiment in the cryptocurrency industry soured. The LTC price is off by more than 2% and is trading at $133. Similarly, other cryptocurrencies like Bitcoin, Ethereum, and Ripple have dropped by 9%, 8%, and 6% in the past 24 hours. Chainlink price has dropped by […]
The EURUSD pair remains elevated for all the troubles in the European economies and the problems with the vaccines rollout. As it turns out, the European Union lacks enough vaccines for the vaccination to continue, as some of the contracted doses were delayed. Moreover, the efficacy of the vaccines is […]
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