Forex Market: GBP/USD rebounds from a nine-week low, dollar takes a breather ahead of CPI inflation data

April 12, 2021 9:28 am
GBP/USD bounced from a nine-week low on Monday, which it hit during the late phase of the Asian session due to blood clot concerns surrounding AstraZeneca’s COVID-19 vaccine, which is considered key for the United Kingdom’s aggressive vaccination campaign. However, the Sterling is likely to see short-term support as restrictive measures in the UK are […] Read more

Forex Market: GBP/USD remains mostly stable despite FX market jitters over Turkey, speculators reduce GBP/USD longs

March 22, 2021 10:22 am
Having touched a one-week low in Asia, GBP/USD remained mostly stable during Monday’s European session, as Forex market jitters resulting from Turkey’s surprise decision had insignificant effect on the Sterling. Meanwhile, the latest CFTC data showed that speculators had cut their net long position on GBP/USD during the week to March 16th, but still, the […] Read more

Bitcoin Prices Struggle to Hold Support

March 19, 2021 1:19 am
Bitcoin prices have rallied nicely through the month of March.  However, the digital asset is struggling to maintain this monthly uptrend. Bitcoin Chart Analysis The uptrend beginning February 28 in bitcoin fits inside a really nice price trend channel.  We can tell bitcoin prices respecting the support and resistance trend lines (blue highlights).  Additionally, bitcoin […] Read more