The USDCAD currency pair has experienced a sharp downturn recently, as the 20-day and 200-day Simple Moving Averages (SMA) have formed a dreaded Death Cross. This technical indicator is a bearish signal that indicates further selling pressure in the short-term. The Death Cross is a widely-followed technical pattern that occurs when the short-term moving average
The currency pair GBPJPY has been displaying a perplexing lack of direction in the past two weeks. Traders and analysts have been scratching their heads as the GBPJPY chart fails to provide any clear trend or indication of future movement. This period of ambiguity has left investors on edge, uncertain about when and how to
The USD/JPY pair made an attempt to break above the 145.00 resistance level, but failed to gain momentum, resulting in a fresh decline. Looking at the 4-hour chart, it is evident that the pair has settled below the 144.00 level, as well as the 100 and 200 simple moving averages. The bears have pushed the
The Bank of England (BoE) is currently facing scrutiny and criticism for its slow response to the significant decline in UK price growth. The latest official data has shown a substantial drop in consumer price growth, with figures plummeting to 3.9% in November from 6.7% in September. This unexpected decrease in price growth has triggered
Cryptocurrency exchange Coinbase has achieved registration with France’s markets regulator, the AMF, allowing the company to expand its services in the European market. This approval, referred to as a virtual asset service provider (VASP) registration, grants Coinbase the ability to offer various digital currency services, including custody of digital assets, buying and selling digital assets
Disney has recently announced that Morgan Stanley CEO James Gorman will be joining a succession planning committee, advising the board on the selection of Bob Iger’s successor. Gorman, who is stepping down from his position at Morgan Stanley, will officially join Disney’s board in February. This move is seen as a strategic decision to prevent
In a landmark move, the United Kingdom and Switzerland have inked a post-Brexit financial services deal, solidifying their positions as leading banking hubs in Europe. This groundbreaking agreement, known as the Bern Financial Services Agreement, aims to enhance cooperation between the two countries and establish a framework for future collaborations. British Finance Minister Jeremy Hunt
As we evaluate the price action of ETHUSD, a clear pattern emerges – a structure of lower highs and lower lows. This pattern indicates a downtrend in the market, reflecting the sellers dominating the buyers. This consistent series of lower highs and lower lows suggests a bearish sentiment in the market, where traders are taking
The UK 100 Index has recently showcased a significant uptrend, as it reaches and breaks through the upper Bollinger Band. This development points to a potential continuation of the bullish momentum in the market. The Bollinger Bands, a technical analysis tool, help traders identify levels of potential support and resistance. The breakthrough of the upper
The NZDUSD pair has been on an impressive winning streak, heading for its eighth straight day of gains. The bullish momentum is gaining strength, pushing the currency pair higher. However, there are concerns that this upward trend may be at risk of a negative correction. In this article, we will analyze the factors contributing to
China recently announced the termination of tariff cuts on certain chemical imports from Taiwan, alleging that the island has violated a trade agreement. This move comes as China continues to apply pressure on Taipei in the lead-up to the upcoming presidential and parliamentary elections scheduled on January 13, 2022. China has consistently regarded Taiwan as
The recent downturn in Wall Street has had a significant impact on Asian markets, with shares falling and Treasury yields nearing five-month lows. This comes as investors hope that Britain’s soft inflation reading will also be reflected in the upcoming U.S. price data. However, despite initial positive economic data in the U.S., the equities rally