EURGBP appears forming a Head & Shoulder pattern which is an reversal sign. I am looking for the completion of this pattern to then start selling. The leading indication MACD (Moving Average Convergence Divergence) it shows convergence to the downside. After the break of the single line trend line I will start to look for a sell opportunity with first target @ 0.7700. I will look for continuation after the break of the first target.

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EUR/USD has erased gains to trade flat near 1.0700 in the European session on Thursday. The pair comes under pressure even as the US Dollar struggles, in the aftermath of the Fed policy announcements and ahead of more US employment data. 

EUR/USD News

GBP/USD turns south toward 1.2500, US data eyed

GBP/USD turns south toward 1.2500, US data eyed

GBP/USD is consolidating the rebound above 1.2500 in European trading on Thursday. The pair struggles, despite the US Dollar weakness on dovish Fed signals. A mixed market mood caps the GBP/USD upside ahead of mid-tier US data. 

GBP/USD News

Gold price pulls back as market sentiment improves

Gold price pulls back as market sentiment improves

The Gold price is trading in the $2,310s on Thursday after retracing about three-tenths of a percent on reduced safe-haven demand. Market sentiment is overall positive as Asian stocks on balance closed higher and Oil prices hover at seven-week lows. 

Gold News

Top 3 Price Prediction BTC, ETH, XRP: Altcoins to pump once BTC bottoms out, slow grind up for now

Top 3 Price Prediction BTC, ETH, XRP: Altcoins to pump once BTC bottoms out, slow grind up for now

Bitcoin reclaiming above $59,200 would hint that BTC has already bottomed out, setting the tone for a run north. Ethereum holding above $2,900 keeps a bullish reversal pattern viable despite falling momentum. Ripple coils up for a move north as XRP bulls defend $0.5000.

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Happy Apple day

Happy Apple day

Apple is due to report Q1 results today after the bell. Expectations are soft given that Apple’s Chinese business got a major hit in Q1 as competitors increased their market share against the giant Apple. 

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