As the UK will announce a new Prime Minister on September 5th, we might expect heightened volatility in the GBP in the days before and after the election result. Moreover, the new policymaker has the potential to change the long-term trend of the pound, with the potential reforms conducted impacting the UK economy.
Only a few days remain until the new prime...
The dollar yen seems to have reached the top of the bollinger band channel suggesting that the movement may be running out of momentum whilst topping out against a previous local high. The RSI yet again fails to put in new highs, are we about to catch the top?
We're looking forward to finding out.
Twitter Inc . (NYSE: TWTR ) is on track to closing August on the red as billionaire Elon Musk finds new reasons to back out of his $44 billion deal to take over the social media company.
The company closed Aug. 30 just below $40.00. Over the last 30 days, the company peaked at $44.99, much lower than Musk's $54.20 per-share offer.
Amid the ongoing takeover...
Could we be nearing a bottoming range for the GBPUSD chart? We've been downtrending for a year and 2 months however we can see that the RSI is failing to put in new lows, this could be suggesting that we are well overdue for some bullish price action or at least a relief rally.
Let's keep an eye on this chart and see when our Supertrend flips green as its...
Ethereum's long-awaited “Merge” is expected to occur around Sept. 15, and is heralding fresh interest for the platform as it transitions to proof of stake from proof of work.
The Merge is considered as the most significant upgrade in Ethereum's history that is expected to reduce the platform's energy consumption by 99.95%.
Considering the benefits and the...
Oil has broken out of a sustained downtrend after forming a W bottom on the daily timeframe and subsequently pushing up and out of the bearish channel. Is oil bullish once again? Historical data seems to point towards more upside.
Last month's Non Farm Payrolls (NFP) data showed the US economy added 530K jobs in June. The number of jobs caught many off-guard as it was more than double what the market was expecting.
July’s NFP report, which will be released this Friday, September 2, is forecast to deliver 300K jobs. Will the NFP beat forecasts once more? And if it does, how will investors...
Last month's Non Farm Payrolls (NFP) data showed the US economy added 530K jobs in June. The number of jobs caught many off-guard as it was more than double what the market was expecting.
July’s NFP report, which will be released this Friday, September 2, is forecast to deliver 300K jobs. Will the NFP beat forecasts once more? And if it does, how will investors...
As discussed in this video, gold breaks out of the downtrend as indicated by the RSI which can be a reliable leading indicator when it comes to increasing your odds of foreseeing a change in trend.
Is Saudi Aramco (TADAWUL: 2222) looking to diversify its income sources after soaring oil prices helped it deliver record-high earnings in the second quarter?
Saudi Aramco saw its net income nearly double during the three-month period to 173.80 billion Saudi riyals ($46.28 billion) from 90.90 billion riyals.
President and CEO Amin Nasser said increasing demand...
The USD/ZAR rallied with eagerness after it went down to a significant demand area at 16.20000. Now, the price has entered a short period of consolidation, as traders anticipate this Friday’s speech by the US Federal Reserve Chair Jerome Powell.
The technical chart on the USD/ZAR daily timeframe suggests that a strong supply zone is currently present between...
Bulls could see the potential for new upside on the Gold market, as the market finds near-term support at above the $1,720 mark, this indeed following a multi-bottom support confirmation at $1,680 per oz. Has the correction been completed? A recent retest of a daily trend line from the year high to low could possibly show buyers about to seek further ground back...
After the EURUSD reached and broke below parity, an analysis of the situation is in order.
Last week, the euro failed to close above 1.0320 and the 50-Day Moving Average, presenting a potential bull trap and setting up the opportunity for short sellers, as illustrated by the orange circle.
Although the pair broke below the parity on August 22, a decent...
What is the short interest in consumer electronics retailer Best Buy (NYSE: BBY) ahead of its second-quarter financial results on August 30?
On the last trading day, Best Buy had roughly 12 million shares in short interest, reflecting 5.97% of its outstanding shares. By midday Aug. 19, 5.5 million Best Buy shares are available to be shorted, according to...
Technical analysis of movements of the USD/JPY on the daily and 4 hourly timeframes. BlackBull Markets analyses the RSI and Stochastic RSI, which are indicators that can show many features of chart movement.
Disclaimer: Trading is Risky. T&C's apply.
Education: All videos on this channel are provided for educational purposes only. The content contained in every...
Beginning mid-July, the USD/JPY began its downward trajectory, dropping to 130.39, a strong support level, after creating a high of 139.38. After which, some choppy price action in the first half of August has heavily disguised trader sentiment and a clear direction in the pair.
Now the choppiness may be clearing. The USD/JPY recovered some ground last week,...
Beginning mid-July, the USD/JPY began its downward trajectory, dropping to 130.39, a strong support level, after creating a high of 139.38. After which, some choppy price action in the first half of August has heavily disguised trader sentiment and a clear direction in the pair.
Now the choppiness may be clearing. The USD/JPY recovered some ground last week,...
Silver is down 7% over the past 5 days, we're at a pivotal point of support and breaking out of the channel may indicate a trend reversal. What do you think is next in store for this precious commodity?!
