tradingforex

Market Overview The crypto market capitalisation has declined by 1.4% over the past 24 hours to $3.9 trillion. At the end of Monday, pressure on Bitcoin spread to the market, halting growth in several altcoins. The sentiment index remains at a comfortable level of 72, just short of the extreme greed zone. According to this … Read more

Gold prices are making a fresh play for the $3400/oz handle, but will a break prove to be sustainable or not? This question remains front and center as trade tensions rise once more. The precious metal peaked just above the $3400 handle but failed to hold before a selloff saw the precious metals price drop … Read more

Markets Global markets today are captured in guarded (holiday thinned) trading, awaiting more concrete news later this week/next week. US and EMU PMI’s on Thursday will give some insight on current activity and corporates’ intentions as trade negotiations between the US and its (major) trading partners are entering ‘money time’. The ECB will hold a … Read more

Gold surged above $3400 barrier on Tuesday after a brief pause (shallow pullback from $3402 to $3383) and cracked next target at $3420 (triangle’s upper boundary). Steep ascend extends into second consecutive day, with daily close above $3400 zone (psychological / Fibo 76.4% of $3452/$3246) to generate fresh bullish signal, which will be validated on … Read more

Bitcoin: ⬆️ Buy Bitcoin reversed from support level 116065.00  Likely to rise to resistance level 122775.00 Bitcoin cryptocurrency recently reversed up from the key support level 116065.00, which also stopped the earlier minor correction 2 at the start of June. The support level 116065.00 was further strengthened by the support trendline of the daily up … Read more

Silver: ⬆️ Buy Silver broke resistance level 39.00 Likely to rise to resistance level 40.00 Silver recently broke the resistance level 39.00, which stopped the previous impulse wave i earlier this month, as can be seen from the daily Silver chart below. The breakout of the resistance level 39.00 should accelerate the active impulse waves … Read more

Bitcoin (BTC/USD) is still consolidating below the key 120k level but a triangle breakout may lead to fresh all-time highs. The world’s largest cryptocurrency has broken above the triangle pattern on the H4 chart which could be the start of the next leg to the upside. Bitcoin did break below the 50 neutral level on … Read more

Sterling edged modestly higher today after UK inflation surprised to the upside, though gains were restrained. CPI and core CPI both accelerated in June, with goods inflation jumping sharply. The move raises questions about tariff passthrough effects and complicates the BoE’s path ahead. While a BoE rate cut is still likely in August, the case … Read more

Forex markets are trading with a relatively subdued tone as the US session gets underway, with limited broad-based momentum among major currencies. The most notable move is a selloff in the Swiss Franc, which appears largely technical, led by a bullish bounce in EUR/CHF. Meanwhile, Yen is seeing a modest recovery, likely driven by profit-taking … Read more

Dollar swung sharply overnight as speculation swirled around the fate of Fed Chair Jerome Powell. Reports surfaced that US President Donald Trump was preparing to fire Powell imminently, with one claim suggesting a dismissal letter had already been drafted and shown to lawmakers during a meeting on cryptocurrency legislation. Dollar initially plunged on the news … Read more