Market News & Analysis

Market Analysis and News

Your updates of the most important trading news, insights and analysis.

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GBPUSD bulls are trying to move closer to 200-period SMA
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13 May 11.49

This Week: GBPUSD bulls are trying to move closer to 200-period SMA

Stronger than expected wage data could push cable up to its 50-day simple moving average at ~1.2599, while softer numbers might see the major pull back towards 1.24.

Oil heads toward $85/bbl on Increasing Odds of US Rate Cuts
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10 May 01.14

Oil heads toward $85/bbl on Increasing Odds of US Rate Cuts

Oil bulls are pushing the BRN upwards towards $85/bbl after the higher-than-expected U.S. initial jobless claims report, which could contribute to the highly anticipated interest rate cuts by the Fed.

LATEST ANALYSIS
This week: GBPAUD to recover from below 1.90 psychological mark?
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06 MAY clock 13:33

This week: GBPAUD to recover from below 1.90 psychological mark?

Depending on what the RBA and the BOE convey about their respective rates outlook, that could determine whether GBPUAD will enter the weekend above or below 1.9000.
Brent to drop the most on the weekly basis since February?
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03 MAY clock 13:57

Brent to drop the most on the weekly basis since February?

Yesterday oil prices managed to slightly rebound after a 3-day slide. Support came in the form of market expectations that the US may replenish its strategic reserves. Now Brent bulls are fighting hard to stay above yesterday’s close at ~83.50.
XAUUSD’ fate is in the hands of NFP data?
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03 MAY clock 10:32

XAUUSD’ fate is in the hands of NFP data?

Gold prices have stabilized and are now consolidating within ~$2281-2336 range ahead of the US Non Farm Payrolls (NFP) reading.
Coinbase stock rebounds towards $210 ahead of the Q1 earnings release
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02 MAY clock 14:25

Coinbase stock rebounds towards $210 ahead of the Q1 earnings release

Coinbase will release its Q1 2024 earnings report after the markets close today. The implied 1-day potential move after the earnings release is 12.35%.
Bitcoin is under pressure ahead of FOMC meeting
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01 MAY clock 12:55

Bitcoin is under pressure ahead of FOMC meeting

Bitcoin has slid below psychologically important $60 000, briefly touching <$57 000, following its largest monthly drop since the collapse of the FTX exchange.
USDJPY is on the rise again, moving towards 157
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30 APR clock 14:55

USDJPY is on the rise again, moving towards 157

USDJPY has rebounded from a ~1.3% drop likely caused by the Bank of Japan's yen buying intervention.
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