FX

GBP/USD Price Analysis: Battles 1.3600 inside monthly rising wedge on 4H GBP/USD fails to keep the uptick beyond 1.3606, currently around 1.3590, during the initial Asian trading on Monday. The cable dropped to the lowest since January 12 on Friday but couldn’t slip beneath the 100-bar SMA. However, rising wedge formation on the four-hour (4H)
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GBP/USD Price Analysis: Bulls taking charge above critical long-term support structure GBP/USD setting up for a bullish continuation above monthly support. The 4-hour resistance needs to be overcome first. Bulls are now up through the monthly resistance. However, there is room for a significant retest of the new support structure, so the upside could well
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WTI prices comes under pressure and loses the $53.00 mark. The API reported a 5.8 million barrel drop late on Tuesday. The EIA’s weekly report on crude supplies comes up next. The 2021 rally in crude oil prices remains well and sound for yet another session, with prices of the WTI trading at shouting distance
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COVID-19 infection rates remain elevated across Europe after the festive period while high-frequency data suggest a sharp fall in economic activity in Q1 as many countries are forced to reintroduce strict social distancing measures. According to economists at Standard Chartered, euro-area countries will have to accelerate vaccinations if they are to re-open their economies by
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The EUR/USD pair fell to 1.2146 this Monday, its lowest since December 21, as demand for the greenback persists. The decline is set to continue on yields’ strength, Valeria Bednarik, Chief Analyst at FXStreet, reports. Key quotes “Following a terrible Nonfarm Payroll report, the market mood soured, yet at the same time, hopes for fresh
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