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The BTC/USD fell sharply from 12,416 level to the support level of 11,669. The support level is extended by an upward trendline on the 4-hour timeframe, but the MACD has crossed below 0, suggesting odds of bearish trend continuation. Checkout bitcoin analysis video to learn more about potential trade setup.
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Commodities trading outlook: crude oil and natural gas futures add WTI and Brent futures were in bull territory during midday trade in Europe today, supported by positive China factory data, as investors await key readings on US oil stocks. Meanwhile, natural gas futures held on to earlier gains, despite […]
Softer Dollar Lifts GBP/USD Ahead of US Jobs Data Today Key Moments
GBP/USD trades around 1.3620, up 0.18%, supported by a weaker US Dollar and positive risk sentiment.
US Dollar Index (DXY) is lower by 0.1% near 97.90 as markets monitor US-Iran developments and risk appetite.
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Natural gas at 1-month high as inventories rise below expectations Natural gas futures surged more than 2.5% on Thursday to 1-month highs as weather forecasting models continued to predict above-normal temperatures in the Midwest and the Energy Information Administration reported that last weeks U.S. natural […]
Forex Market: EUR/CHF forecast for Monday During Friday’s trading session EUR/CHF traded within the range of 1.2153-1.2163 and closed at 1.2159.Fundamental viewEuro zoneGerman seasonally adjusted index of industrial production probably increased 0.2% in May compared to a […]
Forex Market: EUR/GBP daily forecast During Friday’s trading session EUR/GBP traded within the range of 0.8277-0.8310 and closed at 0.8299.At 07:16 GMT today EUR/GBP was losing 0.24% for the day to trade at 0.8280. The pair touched a daily low at 0.8270 at 06:35 GMT, […]
Oil hovers over multi-month lows on supply concern, Fed stimulus, China data West Texas Intermediate marked a minor advance on Monday as investors locked in fresh positions after the U.S. benchmark fell to the lowest since June on Friday as the dollar rallied after a string of upbeat economic data. Brent posted a […]