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GBP/USD slides back closer to weekly lows, hovers around mid-1.3500s

GBP/USD slides back closer to weekly lows, hovers around mid-1.3500s

By Nicholas Price | October 6, 2021

  GBP/USD witnessed heavy selling on Wednesday and snapped four days of the winning streak. A combination of factors pushed the greenback higher across the board and exerted pressure. Investors look forward to the US ADP report on private-sector employment for a fresh impetus. The GBP/USD pair continued losing ground through the first half of…

RBA kept the policy rate unchanged this week – UOB

RBA kept the policy rate unchanged this week – UOB

By Nicholas Price | October 6, 2021

  Economist at UOB Group Lee Sue Ann assesses the latest RBA event (Tuesday). Key Quotes “As expected, the Reserve Bank of Australia (RBA), at its October meeting, decided to:  maintain the cash rate target at 0.10% and the interest rate on Exchange Settlement balances of 0%; maintain the target of 0.10% for the April…

Fed’s Bullard sees a more volatile economic “regime” emerging in US due to the pandemic

Fed’s Bullard sees a more volatile economic “regime” emerging in US due to the pandemic

By Nicholas Price | August 3, 2021

  “Pandemic may have opened new “regime” of higher productivity, higher inflation, and higher volatility,” St. Louis Federal Reserve (Fed) President James Bullard said in a Reuters interview. Additional quotes “Possibility of higher growth for more years to come “bodes well” for the US economy and workers but needs careful fed risk management.” “Wants end…

US 10Y yields point to some consolidation around 1.28% - Commerzbank

US 10Y yields point to some consolidation around 1.28% – Commerzbank

By Nicholas Price | July 29, 2021

  Karen Jones, Team Head FICC Technical Analysis Research, and Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, assess the performance of the US 10Y yields. Key Quotes “The US 10Y yield dropped to the February 10 low at 1.12 before bouncing off it last week.” “Since this fall was accompanied by positive divergence on…

Advanced Micro Devices Inc (AMD) Stock News and Forecast: Why is AMD up? Earnings beat estimates

Advanced Micro Devices Inc (AMD) Stock News and Forecast: Why is AMD up? Earnings beat estimates

By Nicholas Price | July 28, 2021

AMD reported earnings after the close on Tuesday. Earnings per share and revenue both came in ahead of forecasts. The semiconductor manufacturer’s shares are trading higher in Wednesday’s premarket session. Update: AMD shares are struggling to push on from a solid set of earnings. AMD released earnings after the close on Tuesday that were well…

USD/JPY stays focused on 110.90 – UOB

USD/JPY stays focused on 110.90 – UOB

By Nicholas Price | July 27, 2021

  UOB Group’s FX Strategists see prospects for extra gains in USD/JPY on a breakout of the 110.90 level in the short-term horizon. Key Quotes 24-hour view: “Our expectation for USD to ‘move to 110.70’ was incorrect as it dropped to 110.10 during early London hours before trading sideways for the rest of the sessions.…

Pattern Inside Pattern Analysis

Pattern Inside Pattern Analysis

By Nicholas Price | July 25, 2021

If you are a trader or investor, the Pattern Inside Pattern Analysis is the key trading principle towards the success. As a trader or investor, we are all here to achieve the benefits from the financial trading. After opening up the live account with a broker, we will be looking into the secret trading recipe…

Support and Resistance Trading

Support and Resistance Trading

By Nicholas Price | July 24, 2021

In the trading community, support and resistance was not viewed as the scientific tool until it was pin down as the price pattern derived from the fractal wave. After we have connected the concept of support and resistance to Fractal wave, we have learnt what they are, how to use and how to improve them.…

Pound Sterling Price News and Forecast GBP/USD: Britain's Big Bang gamble, Fed decision critical for next moves

Pound Sterling Price News and Forecast GBP/USD: Britain’s Big Bang gamble, Fed decision critical for next moves

By Nicholas Price | July 24, 2021

GBP/USD pares intraday losses, down little around mid-1.3700s GBP/USD attracted some dip-buying on Friday amid a subdued USD price action. The risk-on impulse in the markets acted as a headwind for the safe-haven USD. Rallying US bond yields underpinned the USD and capped the upside for the pair. The GBP/USD pair remained on the defensive…

Apple (AAPL) Stock Forecast: Why is Apple stock falling? is it time to buy the dip before earnings?

Apple (AAPL) Stock Forecast: Why is Apple stock falling? is it time to buy the dip before earnings?

By Nicholas Price | July 20, 2021

AAPL stock recovers some lost ground from Monday. Apple releases earnings on Tuesday, July 27. The tech giant stock now targets key $137 support. Update: Apple stock is showing some nice gains on Tuesday as equity markets recover after a torrid start to the week on Monday. AAPL stock caught a bullish move from UBS…