1. TradeLikeAPro

    The euro has lost its latest deep-pocketed buyer

    The single currency collapsed below 1.03 for the first time since December 2002. The 1.0350 area euro buyers have managed to defend three times in the last month and a half and at the end of 2016. In our view, we should look for traces of the changed approach of the Swiss National Bank in that...
  2. TradeLikeAPro

    GBPUSD and FTSE100 have not recouped their downside potential

    by FxPro’s Senior Market Analyst Alex Kuptsikevich. GBPUSD is trading near 1.2250, losing about 3% in the last four trading sessions. Pressure on the pound intensified on Monday, releasing a disappointing set of statistics. Monthly estimates showed the economy shrinking by 0.3% for April...
  3. TradeLikeAPro

    GBPUSD has lost its recovery momentum. How low can it go?

    The British Pound is retreating for a second day, returning below the 1.25 level, failing to build on the positive momentum at the start of the week. The pressure appears to be driven by rising government bond yields in global markets, starting with but not limited to the US. The intraday...
  4. TradeLikeAPro

    Bitcoin swings in a tight cage

    Bitcoin continues its wild swings between $29-31.5K. By the end of the day on Tuesday, it had moved sharply back to the upper end of the range, but Wednesday began with a new dip, temporarily falling below 30K. Overall, bitcoin adds 2.7% over the day and has lost 4% in seven days, all well below...