June 14, 2022 BY Steffy Bogdanova

Weekly data: markets await the Fed and BoE

On the chart, cable has moved clearly into oversold based on the slow stochastic. The price has been below all three of the 50, 100 and 200 simple moving averages since February. Selling in at the current area would traditionally be considered an unacceptable risk except on a very low timeframe, so awaiting a possible…

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March 22, 2022 BY Steffy Bogdanova

Weekly data: British inflation and regional central banks

On the chart, a further leg down doesn’t seem immediately likely given the strength of the 100% weekly Fibonacci retracement around $1.307. This area represents full retracement of all the pound’s losses late in Q1 2020. However, the 50 SMA from Bands has recently death crossed the 100, so a phase of clear gains above…

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February 16, 2022 BY Steffy Bogdanova

Weekly data: British inflation ahead of FOMC’s minutes

From a technical point of view, the recent breakout above the medium-term downward trendline has yet to be confirmed although it seems strong. Somewhat higher volume of buying over the last few sessions, rising ATR and price clearly above all three of the simple moving averages seem to point to possible continuation. Traders in this…

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August 10, 2021 BY Steffy Bogdanova

Weekly data: commodities down as Delta caution increases

The pound seems to be standing at a crossroads with key technical references above and below, the 161.8% weekly Fibonacci retracement area and the 200 SMA respectively. Based on TA alone, consolidation and sideways movement would usually be favourable in this situation. However, the important economic releases from the USA and the UK on Wednesday…

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daily market analysis
September 29, 2020 BY Valentina Kirilova

Daily market commentary: Gold rebounds

GOLD As soon as the dollar’s recovery stopped, gold has been able to rebound, consolidating the strength of the support placed at $1,850-$1,860. Indeed, as long as the price remains above this threshold the main trend remains positive, while a decline below $1,850 would denote some further weakness. From a fundamental point of view, despite…

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daily market analysis
September 22, 2020 BY Valentina Kirilova

Daily market commentary: The pound is continuing to depreciate versus its peers

EUROPEAN SHARES  European share markets registered a slight rebound on Tuesday, following Monday’s sell-off, while US futures and Asian stocks kept on trading lower led by the financial sector. Even if there are now numerous bearish market drivers, rising Covid-19 numbers in several countries and uncertainty over further US fiscal stimulus are the most important…

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May 08, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: IG Group announces new CFO, TechFinancial terminates all its B2B brokerage services activities

ASIC reported an increase in retail activity across the securities market during the Covid-19 period. The Commission’s market analysis shows the turbulent environment of the market increases the risk of loses, especially for retail investors. ASIC has found that some retail investors engage in short term trading strategies unsuccessfully attempting to time price trends. When choosing…

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