technical analysis

UK retail sales rose by 0.8% in August, according to the Office for National Statistics (ONS) and Sales from online channels moved 2.5% lower against July’s data but were still 46.8% higher than pre-pandemic levels. Meanwhile, U.S. retail sales rose only 0.6% in August following July’s revised...

The British pound trading slightly lower on Thursday ahead of Bank of England monetary policy decision later today. The market participants expect the BoE to leave its interest rate unchanged as the bank is in a ‘wait-and-see’ mode. It is also projected to maintain the bond-buying scheme at £745...

The two days FOMC meeting that began Tuesday and concludes with a statement and a press conference due later today. The central bank scheduled to issue its policy statement at 18.00 GMT. The investors will closely watch the press conference of U.S. Federal Reserve chair Jerome Powell for clues...

EURUSD climbed to 1.19 on Tuesday supported by better-than-expected German economic data. The ZEW economic sentiment rose to 77.4 in Sept vs. 69.8 expected. Technical levels to watch today: 1.1860 & 1.1830 1.1917 & 1.1940

Apple (NASDAQ: AAPL) stock closed 3% higher on Monday ahead of Apple product announcement event on Tuesday. The event titled "Time Flies" will be held virtually this year considering the Covid-19 pandemic. The investors will closely monitor the event to know the details of new products, as well...

As per the recent update, Oracle would become TikTok's US technology partner and manage US user data. "I think Oracle is a great company, and I think its owner is a tremendous guy," US President Trump said. "He's a tremendous person. I think that Oracle would be certainly somebody that could...

The e-commerce pet-care retailer Chewy Inc. (NYSE: CHWY) reported better-than-expected second-quarter results on Thursday. The strong results are boosted by the pet adoptions have also been spiking during this Coronavirus pandemic period. The company revenue climbed 47% to $1.7 billion from...

UK Gross domestic product expanded 6.6% in July from June; the data published by the Office for National Statistics showed Friday. While the numbers came in slightly lower than the 6.7% expected by analysts, and significantly lower than the 8.7% growth seen in June. On the other hand, Industrial...

Today’s session in Europe will see most its attention turns toward important ECB Monetary Policy Statement which is set to be released at 11:45 GMT. Along with this release will see the ECB president Christine Lagarde Conference 45-minutes after at 12:30. The ECB kept its main refinancing rate...

EUR/USD bounced from the crucial support area 1.1750 after positive comments from the ECB policymakers. At the time of writing, the pair trading above 1.1815. If the bullish momentum continues the next upside levels to watch 1.1850 and 1.1880.

EURUSD Fundamental Overview (1-6 month) Ever since the global lock down and pandemic in March 2020 EURUSD started quite a bull run. We saw the EURUSD prices increase from 1.08 all the way to 1.18, this is about a 9% increase in value in around 5 months which is out of the ordinary for EURUSD...

On Tuesday, crude oil prices ended at their lowest since June and Brent closed at $39.78 per barrel, while WTI futures ended at $36.76 per barrel. Oil slipped amid fears that rising COVID-19 cases and fears OPEC will begin picking up production soon after an output cut put in place to support...

British pound trading at fresh monthly low ahead of Tuesday’s talks between UK Prime Minister Boris Johnson’s chief negotiator, David Frost, and the EU’s Michel Barnier in London. “We need to see more realism from the EU about our status as an independent country”, “If they can’t do that in the...

Dollar Index Support: 92.55 and 92 Resistance: 93.55 and 94. EURUSD Support: 1.1770 and 1.1700 Resistance: 1.1880 and 1.1940. GBPUSD Support: 1.3100 and 1.3040 Resistance: 1.3260 and 1.3320 GOLD Support: 1920 and 1900 Resistance: 1955 and 1980

The Euro started last week with a positive note. On September 1, the EUR/USD reached to 1.2010 -level against the greenback for the first time since May 2018 but later the currency pair retreated from the top and closed below 1.1850 on Friday. The currency pair has come under pressure following...

After heavy Wall Street correction on Thursday, today the Investors and traders will closely monitor the US non-farm payrolls report due later in the session. The market participants are anticipating a gain of 1.4 million jobs in August, the unemployment rate is expected to tick down to 9.8%...

Wall Street faced their worst day since June on Thursday after U.S. stocks fell sharply, driven by a broad decline in technology firms. The Dow Jones Industrial Average down 3%. S&P 500 lost 3.5%. Nasdaq Composite slide 5% (the largest decline in the last 5 months). EQUITIES Global markets...

US futures and global stocks trading higher on Thursday supported by positive economic data from the US and other regions. On the other hand, Donald Trump's top infectious diseases official, Anthony Fauci, on Wednesday told NBC: "I believe that by the time we get to the end of this calendar year...

The Nasdaq Composite rose 1.4% a day after the technology-heavy index closed at a record boosted by technology stocks. Shares of Zoom Video Communications (NASDAQ: ZM) climbed more than 40% on Tuesday after the company reported strong Q2 financial results. Apple stock climbed 3.6% after a report...

EUR/USD climbed to more than 2- year high of 1.1995 on Tuesday supported by a weaker dollar. At the time of writing, the currency pair slightly retreated from the daily highs after mixed economic data. The US dollar has been falling following the speech by Chief Jerome Powell at the Jackson Hole...