Trading Ideas

Tue, 10 Aug 2021 06:37:47 GMT

GBP/USD traders are short

The Pound Sterling edged lower by 45 pips or 0.32% against the US Dollar on Monday. The GBP/USD currency pair tested the weekly S1 at 1.3838 on Tuesday morning. Economic Calendar On Tuesday, the US Prelim Nonfarm Productivity release at 12:30 GMT could cause a minor move on USD pairs. However, note that during most times the event does not cause

Tue, 10 Aug 2021 06:29:10 GMT

EUR/USD hovers above 1.1700

On Monday, the Eurozone single currency declined by 32 pips or 0.27% against the US Dollar. The exchange rate tested a four-month low at 1.1730 during Monday's trading session. Economic Calendar Analysis On Tuesday, the US Prelim Nonfarm Productivity release at 12:30 GMT could cause a minor move on USD pairs. However, note that during most times the event does not

Mon, 09 Aug 2021 07:04:21 GMT

Gold rebounds from four-month low

The yellow metal's price has plummeted by 6.55% since Friday's trading session. However, the commodity rebounded from a support line at 1686.1 during the Asian session on Monday. Economic Calendar Analysis On Tuesday, the US Prelim Nonfarm Productivity release at 12:30 GMT could cause a minor move on USD pairs. However, note that during most times the event does not cause

Mon, 09 Aug 2021 06:40:03 GMT

USD/JPY breaks daily channel

On Friday, the US Dollar edged higher by 63 pips or 0.58% against the Japanese Yen. The USD/JPY currency pair tested the 110.40 level during Friday's trading session. Economic Calendar On Tuesday, the US Prelim Nonfarm Productivity release at 12:30 GMT could cause a minor move on USD pairs. However, note that during most times the event does not cause an

Mon, 09 Aug 2021 06:21:58 GMT

GBP/USD passes 1.3900 zone

On Friday, at 12:30 GMT, the US statisticians published monthly employment data, which caused a surge of the US Dollar. The British Pound declined by 63 pips or 0.45% against the US Dollar during Friday's trading session. The currency pair breached the 55-, 100– and 200– hour SMAs on Friday. Economic Calendar On Tuesday, the US Prelim Nonfarm Productivity release at

Mon, 09 Aug 2021 05:51:02 GMT

EUR/USD falls below 1.1800

On Friday, at 12:30 GMT, the release of US monthly employment data caused a decline, which broke the support at 1.1825. The common European currency declined by 72 pips or 0.61% against the US Dollar during Friday's trading session. Economic Calendar Analysis On Tuesday, the US Prelim Nonfarm Productivity release at 12:30 GMT could cause a minor move on USD pairs. However,

Fri, 06 Aug 2021 06:49:54 GMT

XAU/USD breaks support level

The 100– hour simple moving average provided resistance for the precious metal on Thursday. As a result, the XAU/USD exchange rate fell by 132 pips or 0.73% during Thursday's trading session. Economic Calendar Analysis The week will end with the Friday's release of the US employment data at 12:30 GMT. The event consists of the release of the US Average

Fri, 06 Aug 2021 06:37:41 GMT

USD/JPY awaits non-farm payroll

On Thursday, the US Dollar surged by 38 pips or 0.35% against the Japanese Yen. A breakout occurred through the upper boundary of a descending channel pattern during yesterday's trading session. Economic Calendar The week will end with the Friday's release of the US employment data at 12:30 GMT. The event consists of the release of the

Fri, 06 Aug 2021 06:23:23 GMT

GBP/USD traders await macroeconomic data

The GBP/USD currency pair bounced off a support level formed by the 200– hour simple moving average at 1.3883 on Thursday. As a result, the Pound Sterling surged by 54 pips or 0.39% against the US Dollar during yesterday's trading session. Economic Calendar The week will end with the Friday's release of the US employment data at 12:30 GMT. The

Fri, 06 Aug 2021 06:13:36 GMT

EUR/USD awaits NFP

The 55– hour simple moving average provided resistance for the EUR/USD currency pair on Thursday. As a result, the common European currency declined by 32 pips or 0.27% against the US Dollar during Thursday's trading session. Economic Calendar Analysis The week will end with the Friday's release of the US employment data at 12:30 GMT. The event consists of

Thu, 05 Aug 2021 06:19:31 GMT

Gold trades above 1805.00

The yellow metal's price tested the 1830.00 level on Wednesday. However, the XAU/USD exchange rate surrendered the earlier gains at the end of Wednesday's trading session. Economic Calendar Analysis The week will end with the Friday's release of the US employment data at 12:30 GMT. The event consists of the release of the US Average Hourly Earnings,

Thu, 05 Aug 2021 06:09:00 GMT

USD/JPY tests resistance at 109.70

The USD/JPY pair bounced off the lower boundary of a descending channel pattern at 108.80 on Wednesday. As a result, the US Dollar edged higher by 83 pips or 0.77% against the Japanese Yen during Wednesday's trading session. Economic Calendar The week will end with the Friday's release of the US employment data at 12:30 GMT. The

Thu, 05 Aug 2021 05:58:51 GMT

GBP/USD remains below 1.3900

The British Pound declined by 63 pips or 0.45% against the US Dollar on Wednesday. A breakout occurred through the lower boundary of an ascending channel pattern during Wednesday's trading session. Economic Calendar On Thursday, the top event for the GBP is scheduled. At 11:00 GMT, the Bank of England will announce its Asset Purchase Facility, Monetary Policy Report,

Thu, 05 Aug 2021 05:42:12 GMT

EUR/USD extends decline

During the first half of Wednesday's trading session, the Eurozone single currency surged by 53 pips or 0.45% against the US Dollar. But, the EUR/USD pair surrendered the earlier gains by the end of Wednesday's session. Economic Calendar Analysis The week will end with the Friday's release of the US employment data at 12:30 GMT. The event consists of the

Wed, 04 Aug 2021 06:54:04 GMT

XAU/USD bounces of support

On Tuesday, the yellow metal's price drooped by 55 pips or 0.30%. The 200– hour simple moving average provided support for the commodity during Tuesday's trading session. Economic Calendar Analysis On Wednesday, at 14:00 GMT, the US ISM Non-Manufacturing PMIs is set to be released. The week will end with the Friday's release of the US employment data

Wed, 04 Aug 2021 06:45:11 GMT

USD/JPY tests 109.90 area

On Tuesday, the US Dollar declined by 41 pips or 0.37% against the Japanese Yen. The currency pair tested the lower boundary of a descending channel pattern during yesterday's trading session. Economic Calendar On Wednesday, at 14:00 GMT, the US ISM Non-Manufacturing PMIs is set to be released. The rate has moved 7.8 to 20.4 pips on the release. The

Wed, 04 Aug 2021 06:28:57 GMT

GBP/USD bears likely to prevail

During the first half of Tuesday's trading session, the British Pound rose by 51 pips or 0.37% against the US Dollar. Although, the GBP/USD pair abandoned the earlier gains by the end of yesterday's session. Economic Calendar On Wednesday, at 14:00 GMT, the US ISM Non-Manufacturing PMIs is set to be released. The GBP/USD has moved 8.9 to 18.2 pips

Wed, 04 Aug 2021 06:21:06 GMT

EUR/USD remains below 23.60% Fibo

On Tuesday, the common European currency declined by 36 pips or 0.30% against the US Dollar. The currency pair breached the 55– and 100– hour SMAs during yesterday's trading session. Economic Calendar Analysis On Wednesday, at 14:00 GMT, the US ISM Non-Manufacturing PMIs is set to be released. The EUR/USD has moved 5.9 to 12.4 pips on the release. The week will

Tue, 03 Aug 2021 07:00:58 GMT

gold tests support at 1809.3

The XAU/USD exchange rate bounced off a support level formed by the 200– hour simple moving average at 1808.23 on Monday. As a result, the commodity surged by 127 pips or 0.70% during Monday's trading session. Economic Calendar Analysis On Wednesday, at 14:00 GMT, the US ISM Non-Manufacturing PMIs is set to be released. The week will end with

Tue, 03 Aug 2021 06:51:11 GMT

USD/JPY breakout could occur

The US Dollar fell by 49 pips or 0.45% against the Japanese Yen on Monday. The currency pair was pressured lower by the 55– hour simple moving average during Monday's trading session. Economic Calendar On Wednesday, at 14:00 GMT, the US ISM Non-Manufacturing PMIs is set to be released. The rate has moved 7.8 to 20.4 pips

Tue, 03 Aug 2021 06:38:00 GMT

GBP/USD could break channel

The British Pound edged lower by 43 pips or 0.31% against the US Dollar on Monday. The decline was stopped by the weekly pivot point at 1.3876 during Monday's trading session. Economic Calendar On Wednesday, at 14:00 GMT, the US ISM Non-Manufacturing PMIs is set to be released. The GBP/USD has moved 8.9 to 18.2 pips on the release. On Thursday,

Tue, 03 Aug 2021 06:21:18 GMT

EUR/USD two scenarios likely

During the first half of Monday's trading session, the common European currency surged by 35 pips or 0.30% against the US Dollar. However, the EUR/USD pair surrendered the earlier gains by the end of Monday's session. Economic Calendar Analysis On Wednesday, at 14:00 GMT, the US ISM Non-Manufacturing PMIs is set to be released. The EUR/USD has moved 5.9 to

Mon, 02 Aug 2021 06:52:28 GMT

XAU/USD tests 200- hour SMA

On Friday, the yellow metal's price plummeted by 195 pips or 1.07%. The commodity breached the 55– hour simple moving average during Friday's trading session. Economic Calendar Analysis Next week, on Monday, the US ISM Manufacturing PMI could cause a move. On Wednesday, at 14:00 GMT, the US ISM Non-Manufacturing PMIs is set to be released. The week will end with

Mon, 02 Aug 2021 06:44:53 GMT

USD/JPY breached 55- hour SMA

On Friday, the US Dollar edged higher by 40 pips or 0.35% against the Japanese Yen. The currency pair breached the 55– hour simple moving average during Friday's trading session. Economic Calendar Next week, on Monday, the US ISM Manufacturing PMI could cause a move. The USD/JPY has moved 9.3 to 19.4 pips on the release since March

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