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Trading analysis on GBPUSD

Many users requested to update our trading view on the Cable, therefore, we reviewed the whole picture of the pair beginning from monthly to hourly TF. Yesterday BOE increased interest rates from 0.25% to 0.50% for the first time in ten years.  Britain’s financial growth decelerated obviously since the Brexit referendum. These factors pushed aggressively […]

Bank of America on EUR/USD: ‘’It’s ‘almost’ time to sell’’ ….

  Good Morning,   – The dollar falls on Monday to an eight-week low against a basket of currencies, as investors grew cautious ahead of U.S. economic data this week…the dollar index was last at 79.786, it hit an eight-week low earlier at 79.759. – Asian shares: Japan’s Nikkei 1.08%, Korea’s Kospi -0.16%, Australia’s ASX […]

OPEC Worries Over Oil Prices Drop

– USD/CAD Hits Fresh Low as US Crude Oil Broke above the 48 Dollar Mark. WTI crude closes up 29% from Aug. 24 low, enters bull market. To elaborate on, oil is racing back to nearly $50 a barrel. That amounts to a 30% spike in the span of merely a week. Over the past […]