forex news

Is it time to go long on gold?

USDCHF nt

Moving Average and Fibonacci exposing key levels in the USDCHF

The USDCHF pair has been swinging from bullish to bearish from a weekly perspective on this pair. It has established strong resistances at 1.00571 to 1.00148, forming a double top as it tried to break these levels. The double top...
USD/CAD

Does the USDCAD have more upside potential?

Canada's inflation rate rose by 0.7% in June to a 39-year high of 8.1%. After its July meeting, the Bank of Canada raised rates by 100 basis points and is expected to tighten its monetary policy even further. BOC's aggressive...
Pinterest

Why did Pinterest’s shares surge 16% last Friday?

Pinterest’s (NYSE:PINS) shares closed up 16.2% on Friday on the New York Stock Exchange after the Wall Street Journal reported after market hours on Thursday that activist investor Elliott Investment Management has built a stake in the digital pinboard platform....
GameStop

GameStop’s stock price in the lead up to its stock split

It has been a volatile four months for GameStop’s (NYSE:GME) stock since the company announced its planned stock split on March 31. The stock split is to take place at the close of Thursday July 21. On March 31, GameStop...
parity nt

Will the GBP be the next to hit parity with the USD?

After the euro made a once in 20 years slide to parity with the US dollar, one might also ask: will the British pound be the next to cross parity with the American dollar? The GBPUSD pair has been consistently...
JPMorgan

Finding the silver lining in JPMorgan’s Q2 earnings report

Yesterday, JPMorgan Chase (NYSE: JPM) reported that the bank's second-quarter earnings fell as a result of adding $428 million in bad loan reserves. With this view, JPMorgan has chosen to temporarily halt its share repurchases in order to meet regulatory...
GBPUSD

Why might the GBPUSD breakout lower to 1.1650?

Technical analysis, and in particular the Range identifier Indicator, suggests a possible continuation to the downside is on the cards for GBPUSD. The Range Identifier is a technical tool that highlights price ranges of an asset. Technical analysts will commonly...
indonesia

Indonesia and Malaysia emerge as top contenders for investment

Investors are starting to take another look at Asian countries for investment, with Indonesia and Malaysia emerging as among the most appealing in the region. Indonesia, with a GDP of $1.12 trillion and a population of 271 million, ranked second...
Join Now