The EURUSD and GBPUSD are moving higher. GBPUSD tests 100 day MA in the process. |
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2024-04-05
The EURUSD fell to the 100/200 hour MA and briefly moved below on the stronger US jobs report, but has seen a bounce. What happened the week? What can we expect going forward technically?
2024-01-25
The 200-day MA comes in at 1.3483. Watching 1.3517 as next target followed by the high from last week at 1.3541.
2024-01-24
All eyes on PCE index publication on Friday!
IBM stock had broken through the long-term trading range, which might potentially trigger extension of a bullish trend.
After implementing AI and cloud computing technology, IBM gets on the radar of traders and hedge-fund managers again. Strong EPS and revenue expectations give more support for the stock. The overall market conditions of a stock market are bullish, as S&P500 and Nasdaq are at their peaks. Earnings season serves as a bullish factor for tech stocks, IBM included.
The critical release coming up this week is PCE index publication on Friday, which might boost volatility both for the US dollar and stocks.
Watch our market outlook for more.
2024-01-23
A technical look at the EURUSD, USDJPY and GBPUSD
2024-01-22
The week is off to a modest up-and-down start to trading in the 3 major currencies. What at the technical telling traders to start the US session?
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