Pound Sterling (GBP)

 Nasdaq100 index tests resistance The Nasdaq100 index recouped some losses as traders bet the Fed might leave rates unchanged at their next meeting. The index is trying to claw back some of the previous losses, but sentiment is still…
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GBPUSD fell below the support of 1.2540-60 as the market is now signalling more drop toward 1.2445 and below. As we see over the chart and as long as the market keeps holding below the 1.2580-1.2610 resistance, more of a drop toward…
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XAUUSD rallies on safe-haven buying Gold continued its ascent as geopolitical tensions heightened along with the appetite for safe-haven instruments. More anxiety over the Russia-Ukraine conflict saw a rally in metals, which was coupled…
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GBPUSD is still holding above the uptrend support at 1.2540-60 which still gives the chance for another advance wave toward 1.2760 and 1.2850 and above. Below 1.2540 more of a drop toward 1.2445 and 1.2300 could hit the market. First…
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GBPUSD managed to hit few pips below 1.2615 last Friday, which could push for more of a drop to test the daily uptrend line around 1.2540-60. As we see on the chart, as long as the market holds above the daily close at 1.2540-60, a…
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XAUUSD seeks support Gold price fall continues as the metal slipped past the 2550 level to set a fresh low at 2535. A surge below 2600 forced buyers to close out, giving the opposite side a further fighting chance to test the 2500 zone.…
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GBPUSD dropped toward the 1.2615-65 zone. As we see on the chart, this support zone 1.26115-65 could push for a rebound toward 1.2770-1.2840 which in turn could cause a drop. Above this zone more advance toward 1.3000 will be expected.…
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GER 40 (DAX40 index)  breaks lower The DAX40 index fell further after continuing the bearish rally from last month. A fall below the base of a previous bounce at 19100 suggests that sellers are still in control of the direction, forcing…
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Nasdaq 100 index hitting higher highs The Nasdaq 100 index continued the rally as the aftereffects of a Trump victory and Fed rate cut rumbled on. The index is looking to hold above the 21000 level after jumping over a thousand points in…
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Cable hasn't had an inflection point like other currency pairs in the wake of the US election. Although the pound is weaker compared to the dollar, it's within the trend that was observed before the election. A good deal of that could be…
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