Bitcoin Outlook: BTC/USD Bullish Breakout Drives Crypto Recovery

The price of bitcoin has risen significantly in recent months, with a new all-time high of over $63,000 achieved last month. This influx of investment has led to speculations that the underlying token may be able to reach 70,000 USD in 2018. However, there is a lot of uncertainty as to whether this will actually happen. After all, BTC has […]

Learn More →

EURUSD Hits New 9-Month High But Bulls May Be Out of Puff

EUR/USD has reached a new nine-month high against the US Dollar. However, the euro bulls may have overextended themselves. There are signs that the ECB is easing the pace of rate hikes this year. The ZEW report in Germany showed a weaker than expected reading, which may also impact the DAX. Last week, the pair bounced back from a weak […]

Learn More →

EUR/USD at Key Inflection Point Ahead of US PPI Data

The euro/US dollar (EUR/USD) currency pair is attempting to break out of an inverse head and shoulders pattern, which was formed when it reached a high of 1.2231/50 on Thursday. However, the pair is still firmly rooted to the support zone of 1.1600/10. If this zone fails to hold, the euro/dollar pair could resume its downward trend. After a choppy […]

Learn More →

Gold Prices and US Dollar Turn to PPI and Sentiment Data Before the Weekend

Despite the fact that gold prices and the US dollar are both turning upward, a few factors are still keeping investors on the sidelines. Some of the reasons include the divergent performance of the US dollar and the Treasury yields. Others include a rise in the equities market. And lastly, there are a couple of sentiment indicators to watch. U.S. […]

Learn More →

Gold Price Struggles to Push Above October High Ahead of US CPI

Despite the strengthening dollar, gold prices rose $50/oz in late October. The Fed is expected to raise interest rates in December, which could lead to gold prices falling back towards $1,620. However, investors await remarks from Fed Chair Jerome Powell on Wednesday. His comments could signal that interest rates could be rising soon, and could slow the pace of asset […]

Learn More →

Top 8 Forex Trading Strategies and their Pros and Cons

Using the right Forex trading strategy is vital for making a profit. The best way to choose a trading strategy is to assess the situation and determine how it might affect your trade. There are numerous options in the Forex trading world, including position trading, swing trading, scalping, and high-frequency trading. Each has its own pros and cons. In choosing […]

Learn More →

GBP/USD slides to near two-week lows, around mid-1.3100s

The latest GBI slide show reveals that the US Dollar and the Euro are making headway against the GBP/USD. Although a stronger dollar is always a positive, a weaker euro can be a big worry in the UK market. At this time it is not even clear that the euro will remain strong in the long term. The Euro is […]

Learn More →

USD/TRY climbs to fresh all-time highs next stop at 7.50?

We have all heard about the “USD/TRY” climbing to new all time highs this week. This is a very important moment, a time when everyone who cares about global trade will be watching very closely. If you have been looking at this currency for any length of time, then you know how important it is and why the move up […]

Learn More →

USD/JPY: Abenomics inability to boost inflation entails stronger yen

The Japanese government’s Abenomics policy has been aimed at boosting inflation to a level where it can be seen as a positive for the country’s currency, the Japanese dollar. In Japan, as in many other countries, economic activity is determined by the country’s real gross domestic product (GDP). The higher the GDP of a country, the more stable it is. […]

Learn More →

Philippines: Inflation remains within the central banks target

The Philippines is an island of the South-East Asian region. It is located in the Northern tip of India, in the area of the Malay Peninsula. It is a state of Malaysia, which is bordered by the Andaman Sea to the North and the Gulf of Thailand to the South. It is also called as the Philippines or the Spanish […]

Learn More →

Euro’s credibility is a trap for the Eurozone

The credibility of the Euro’s integrity is a trap for the Eurozone. There are two reasons why the credibility of the European Central Bank’s bond-buying program (toxic) and that of the European Commission’s attempt to force down the Euro’s value (tense). The credibility of the European Central Bank’s purchase of bonds has been called into question by the Eurogroup and […]

Learn More →