GBP/CAD bears looking for confirmation of the downside prospects.  Bullish conditions still persist until certain conditions evolve. GBP/CAD has run into a key resistance on the weekly chart and is primed for a rin to the downside to fill in a monthly wick. Bears will be looking for 4-hour confirma

Gold's weekly chart momentum studies have turned bearish.  The metal risks falling to key support at $1,836.  Gold looks set to extend its recent decline to $1,836 – the 38.2% Fibonacci retracement of March to August rally – as crucial technical indicators have rolled over in favor of the bears.  T

The latest data published by the Australian Bureau of Statistics (ABS) showed on Tuesday, a slowdown in the rate of job losses in the coronavirus-hit Victoria when compared to a month ago. Additional details “Payroll jobs fell by 0.4% over the month to 22 August.” “Payroll jobs fell by 2% in Victori

Photo: FM More than two years since Coincheck Inc. was hacked, the Tokyo District Court has issued the first-ever cryptocurrency seizure for Japan, according to numerous media reports including the Japan Times. According to reports, the Court has issued a protective order in anticipation of the co

GBPUSD is in the process of re-examining the toughened resistance zone from 1.3185 - 1.3211, which has been keeping advances at bay. The strengthening 50- and 100-day simple moving averages (SMAs) and the recent bullish crossover of the 200-day SMA by the 50-day one, suggest further gains may unfold

EUR/USD Rises For The Third Consecutive Session The common currency is posting a steady gain against the US dollar as price closed in the green for the third session in a row. This comes after EURUSD fell to the support area near 1.1714 earlier in the week. However, the previous highs were met with

EUR/USD: Further upside Stay on top of the markets with Swissquote’s News & Analysis Pivot (invalidation): 1.1830 Our preference Long positions above 1.1830 with targets at 1.1885 & 1.1900 in extension. Alternative scenario Below 1.1830 look for further downside with 1.1805 & 1.1780

Photo: Reuters The Financial Industry Regulatory Authority (FINRA) has recently published a notice on its website, warning the public that an imposter website is impersonating the United States regulator. FINRA is an independent and non-government agency that writes and enforces the rules governin

EURJPY has been underperforming in the past two days, testing the red Tenkan-sen line. When looking at the bigger picture the pair has been in a clear bullish tendency since May 6. On the daily chart, prices bounced off the 16-month high of 125.60 but based on the technical indicators, momentum is w

The global financial markets continue to trade in full risk-on mode today. In particular, US futures point to sharply higher open as S&P 500 would likely take on new record high. Canadian Dollar is currently the strongest one for today, as lifted by mildly higher oil price. Australian Dollar fol