forex news

The US Federal Reserve’s interest rate announcement on Wednesday is the big event of the week. It raises the question of which forex pairs to hold going into what should be a significant event.

The view from the trading floor is that, of…

The week beginning 31st March will be a shorter one for US and UK markets, thanks to the Memorial Day holiday and UK Bank Holiday on Monday. This doesn’t necessarily mean that it will be a quieter one. Inflation is the current hot topic a…

Last week’s inflationary scare has resulted in a significant uptick in price volatility. The CPI report out of the US revealed that US consumer prices in April increased at the highest rate for 12 years. As identified in this report, the …

Monday’s one per cent intraday move in GBPUSD is a notable event. The upward momentum in sterling marks it out as the market to watch as a range of fundamental and technical factors come into play.

When the global financial markets op…

Risk-on assets have started Monday’s trading sessions by consolidating the significant gains they made last week. Overnight in Asia, there were mixed reports, with Chinese and Hong Kong stock indices weakening, while those in Tokyo and Au…

Tech Notes on Wednesday, April 21 Disney (DIS) completes the Head & Shoulders formation with Dow Jones Industrial Average stock below $ 181.01. Exxon Mobil (XOM) dropped below $ 54.45 and completed the double top model. Citigroup (C), a…

The Tech Charts Global Stock Markets report each week includes some of the well-defined and mature classic chart patterns under a long watch list and chart pattern breakout signals that occurred during that week. The Global Stock Markets re…

The latest update came out quite timely as several markets reached resistance areas and warned that this could trigger a correction – which is exactly what happened. Most interestingly, Elliott Wave paved the way for this correction long ag…

Technical Notes on Tuesday, April 20, JD.com (JD) extended the mid-range bearish trend, with a NASDAQ 100 share falling below $ 76.11. IBM (IBM), a share of the Dow Jones Industrial Average, continued a mid-range uptrend, surpassing $ 137.0…