• October 25, 2022
  • Market News
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British Pound News: GBP Keenly Awaits Rishi Sunak Official Appointment and Address, Possible Cabinet Reshuffle on the Cards?

GBP/USD is now testing key technical zones ahead of Rishi Sunak’s formal appointment this morning....
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  • October 25, 2022
  • Market News
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4 Effective Trading Indicators Every Trader Should Know

Discover the best forex indicators for a simple strategy: Moving Average, MACD, Stochastic and RSI....
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  • October 25, 2022
  • Market News
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Euro at Crossroads as ECB Rate Hike Looms While Crude Ponders China’s Growth Outlook

The Euro inched higher against the US Dollar in anticipation of higher European rates while China’s growth prospects have been mired by policy uncertainty. Where to for EUR/USD?...
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  • October 25, 2022
  • Market News
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USDCNH Soars, S&P 500 Diverges from Chinese Markets, USDJPY Falls Short Again

A fundamentally packed week has already opened to significant volatility. Yet, the activity of the S&P 500 and Dollar have bowed to the volatility of the USDJPY and Chinese equity markets. That skew in activity may not last for long with FAANG earnings, key economy growth readings and ECB rate d...
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  • October 25, 2022
  • Market News
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Copper Price Outlook: US PMI Miss, China Government Shakeup Bode Poorly for the Red Metal

Copper prices are moving lower in Asia-Pacific trading as traders weigh contrasting economic data and a shakeup in President Xi Jinping’s newly formed government. Meanwhile, a potential breakout is on the horizon....
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  • October 25, 2022
  • Market News
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Japanese Yen Subdued Against US Dollar After a Whippy Start to the Week

The Japanese Yen consolidated on Tuesday after a hectic start to the week and following on from Friday where wide ranges dominated proceedings. Will the BoJ win in the USD/JPY battle?...
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  • October 25, 2022
  • Market News
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Gold Price Reverses Ahead of Yearly Low to Eye 50-Day SMA

The price of gold may attempt to test the 50-Day SMA ($1691) as it reverses ahead of the yearly low ($1615)....
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  • October 25, 2022
  • Market News
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Australian Dollar Trails Chinese Stocks Lower Despite Dow Jones Gains

The Australian Dollar fell against the US Dollar despite a rosy Wall Street trading session. Fed bets eased after weak PMI numbers, bolstering equities, but Chinese stocks remain under intense selling pressure....
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  • October 25, 2022
  • Market News
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USD/JPY Susceptible to Larger Pullback as RSI Falls from Overbought Zone

USD/JPY may face a larger pullback over the coming days as the Relative Strength Index (RSI) falls back from overbought territory....
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  • October 25, 2022
  • Market News
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Nasdaq 100 Jumps ahead of Microsoft and Alphabet Earnings – What to Expect?

The Nasdaq 100 extended gains on Monday ahead of Tuesday’s earnings from Microsoft and Alphabet. Quarterly results from these mega-caps could set the trading tone for the tech sector....
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