Breaking News: GBP/USD Bounces As UK Unemployment Rate Holds FirmBreaking News: GBP/USD Bounces as UK Unemployment Rate Holds FirmThe pound continued to trade higher in the early European session today, jumping from 1.2341 to 1.5341, with traders anticipating strong wage growth figures and a drop in unemployment claims. The pound also benefited from stronger-than-expected Average […]

Gold Price Setup Ahead of US CPI – Bear Flag Hints at Further DownsideThe price of gold rose on Monday after falling to a seven-month low last week. This came as traders awaited US CPI data which is expected to show a modest rise in consumer prices, while core inflation is seen easing in the […]

GBP Price Outlook: Cable Coils Into Narrow Range Ahead of Blockbuster WeekThe Pound is now bouncing back after its multi-month lows. But is the recovery on track to continue? Amid the recent turmoil in UK politics, the British pound has been under pressure. This has been particularly evident in the aftermath of the EU referendum. […]

The German Dax Index is a measure of 40 of the largest companies listed on the Frankfurt Stock Exchange. This index is a good proxy for the stock market as a whole, and the performance of the DAX has been quite good in recent months. It has also surpassed the S&P 500 by a slew […]

Candlestick charts are a great way to track price movements and analyze financial markets. They are a simple and useful way to identify trends, but they aren’t foolproof. For this reason, candlesticks are best used with other technical indicators. First, a candlestick chart is like a box with two straight lines at the top and […]

After seven consecutive rate hikes, the Bank of Canada signalled Wednesday that it would pause its rate hike campaign in the new year. However, policymakers will still consider raising the policy interest rate to achieve a balance between supply and demand. This decision comes after a 50 basis point increase in the overnight rate to […]

Using candlestick charts is a great way to study and understand price movement. The information that a candlestick chart provides allows traders to make informed trading decisions. However, understanding the proper technique for reading a candlestick chart is important. The following guide will outline how to read a candlestick chart and how to incorporate them […]

Despite a sluggish start, the S&P 500 advanced 1.6% on Friday to close at 3,987, the index’s highest level since mid-September. The index rose 194 points from the open to finish at the high, its biggest one-day gain in a year. This marks the first time the index has breached the 200-day moving average in […]

During the last few months, the British Pound has seen some very big movements. Previously, the pound was trading near parity against the dollar. However, a series of political and economic events have caused big movements in the currency. The GBP/USD exchange rate has gone from being at the lowest level since September to being […]

During the last few months, the British Pound has seen some very big movements. Previously, the pound was trading near parity against the dollar. However, a series of political and economic events have caused big movements in the currency. The GBP/USD exchange rate has gone from being at the lowest level since September to being […]