GBPUSD: GBP tumbled further lower during Thursday trading session leaving risk of more weakness on the cards. It now eyes a move lower towards its nearby support located at the 1.5241 level. On the downside, support lies at the 1.5200 level with a break of here turning attention to the 1.5150 level. Further down, support … “GBPUSD Plunges; Eyes 1.5241/00 Zone”
Category: Forex Bits
USDJPY: Risk Turns To 121.50/73 Zone On Bull Pressure
USDJPY: With a second day of recovery seeing the pair closing higher on Tuesday, further bullishness is envisaged. It was seen following through higher during early trading today. Beware of the 121.50/73 area because it is key to any full blown bullish offensive. On the upside, resistance resides at the 121.50 level where a cap … “USDJPY: Risk Turns To 121.50/73 Zone On Bull Pressure”
EURUSD Follows Through Lower, Sets Up For 1.0900 Level
EURUSD: EUR continues to look weak and vulnerable to the downside. It is currently weakening following through lower on the back of its Monday losses. Nearby support is located at the 1.0950 level with a break turning risk further lower towards the 1.0896 level. Further down, support lies at the 1.0850 level where a violation … “EURUSD Follows Through Lower, Sets Up For 1.0900 Level”
The Spotlight is on the Bank of England
All the eyes this week are on the Bank of England as the Inflation Report, policy statement and MPC Minutes will be released on Thursday. Last time that this happened, in August, markets expected a “Super Thursday”. However, the reaction was not Super. GBP lost 0.77% against the USD to then rebound by 0.24%. In … “The Spotlight is on the Bank of England”
GBPUSD: Risk Of Bear Pressure Builds Up Below The
GBPUSD: Having GBP capped its intra day gains at the 1.5505/07 zone to close lower on a rejection candle on Monday, risk of a follow through lower continues to build. On the downside, support lies at the 1.5350 level with a break of here turning attention to the 1.5300 level. Further down, support lies at … “GBPUSD: Risk Of Bear Pressure Builds Up Below The”
GOLD Remains On The Defensive On Price Extension.
GOLD: With GOLD weakening further on the back of its past week losses during Monday trading session, additional decline is envisaged. On the downside, support comes in at the 1125.00 level where a break will turn attention to the 1110.00 level. Further down, a cut through here will open the door for a move lower … “GOLD Remains On The Defensive On Price Extension.”
EURGBP Retains Broader Downside Pressure
EURGBP: The cross closed lower the past week leaving risk of more weakness in the new week. As long as it trades and holds below the 0.7170/96 zone, further weakness cannot be ruled out. Support comes in at 0.7080 level. Further down, support lies at the 0.7050 level where a violation will turn focus to … “EURGBP Retains Broader Downside Pressure”
Bullion Capital appoints Bill Hubard as Chief Economist
Bill Hubard, the renowned economist, has joined the ranks of Bullion Capital as Chief Economist. The firm recently expanded its reach to South America. Here is more on the appointment from the official press release: 26 October 2015 — The world’s leading electronic exchange for allocated physical precious metals, Bullion Capital, has announced the appointment … “Bullion Capital appoints Bill Hubard as Chief Economist”
Quantum Trading tools available inside Tradable
Quantum Trading tools are now available for traders inside the Tradable platform. Tradable recently featured TradingView charts. For more on Quantum Trading, here is the official press release: 29 October 2015 -Tradable has added Quantum Trading tools to its App Store, allowing Forex traders to benefit from the “Three Dimensional Approach of Trading” methodology created … “Quantum Trading tools available inside Tradable”
GBPJPY Hesitates But Remains Weak Below The 186.30 Level
GBPJPY: The pair remains weak and vulnerable to the downside. While it holds and trades below its resistance at 186.30 level, immediate bias remains to the downside. On the downside, support comes in at the 184.00 level where a violation will aim at the 183.00 level. A break below here will target the 182.00 level … “GBPJPY Hesitates But Remains Weak Below The 186.30 Level”