GBP/USD tries to overcome market pessimism spread through the YouGov MRP poll. The recent polls tilt towards a hung parliament, Tories get broad criticism. The US Fed’s dot plot, Powell’s speech will be the key to watch.
The Dec. 4 high of 1.1116 is the level to beat for the EUR bulls. The Federal Reserve (Fed) is expected to keep rates unchanged. Dollar to take a beating if the Fed cites higher inflation as a prerequisite for a rate hike.
Forex today witnessed some volatility early in Wednesday’s Asian trading, in the face of increased odds of a hung UK parliament and New Zealand’s (NZ) Mid-Year Economic and Fiscal Update while uncertainty on the Dec 15. US tariffs kept the moves in check.
Gold prices register a mild loss of -0.05% while hovering below $ 1465 on Wednesday. The yellow metal seems to have lacked buying interest ahead of the key monetary policy meeting by the US Federal Reserve (Fed).
BTC/USD in a precarious position as lack of healthy support levels can see it drop back below $7,000
BTC/USD bulls have come out on top so far this Wednesday, as the price has gone up from $7,218.50 to $7,253.25. This follows a bearish Tuesday wherein the price dropped from $7,340 to $7,218.50. The daily confluence detector shows ...
EOS/USD has had an interesting December so far, to say the least. While its price has moved pretty sluggishly, there are a lot of pieces moving in the background. Let’s take a closer look at all these moving parts and see how the price is acting in different time frames.
Bitcoin Cash price analysis: 20-day Bollinger jaw narrows considerably as market volatility goes down
BCH/USD has dropped from $206.65 to $206 in this early hours of Wednesday and is on course to chart its third straight bearish day. The hourly breakdown of Tue ...
Mrs. Christine Lagarde will debut as ECB’s Chief next Thursday
The EUR/USD pair finally woke up and surged to a fresh 4-week high of 1.1115, although it gave up most of its gains after a positive surprise in US employment data. Speculative interest was on its toes for most of the week, tired on the encouraging comments without real progress related to the US-China trade relationship.
GBP/USD is trading around 1.3150 after Prime Minister Boris Johnson refused to look at a photo of a boy sleeping on a hospital floor. With the focus shifting to health, the Conservatives may lose some support. How is sterling positioned?
The Technical Confluences Indicator is showing that pound/dollar is capped by 1.3157, which is a dense cluster of lines including the Fibonacci 61.8\% one-day, the Bollinger Band 1h-Middle, the BB one-day Upper, the Simple Moving Average 100-15m, the SMA 5-4h, and more.
The next resistance is close. At 1.3171 we note the meeting point of the BB one-hour Upper, the previous weekly high, and the Fibonacci 23.6% one-day.
Further up, the upside target is 1.3246, which is the convergence of the Pivot Point one-week Resistance 1 and the PP one-month R3.
Support awaits at 1.3116, which is the confluence of the SMA 5-1d, the BB 4h-Lower, the PP 1m-R2, the Fibonacci 23.6% one-week, and the PP 1d-S2.
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