| Updated: November 9, 2023
The GBP/USD is trading dramatically bearish at 1.3108 level, having violated the upward trendline support level of 1.3135 level. The formation of three black crows pattern confirms solid bearish sentiment for the GBP/USD pair. Checkout GBP/USD price forecast video analysis for more information.
TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.
Forex Market: USD/CHF daily forecast During yesterday’s trading session USD/CHF traded within the range of 0.8922-0.8957 and closed at 0.8936.At 6:22 GMT today USD/CHF was losing 0.14% for the day to trade at 0.8924. The pair touched a daily low at 0.8920 at 3:35 GMT, […]
Gold trading outlook: futures advance a third straight day ahead of FOMC rate decision On Tuesday gold for delivery in June traded within the range of $1,233.00-$1,245.70. Futures closed at $1,244.40, going up 0.44% on a daily basis. It has been the 31st gain in the past 60 trading days and also a second consecutive one. The […]
AOL Inc.’s share price down, raises more than $300 million to fund ad business expansion AOL Inc. shared in a statement that it intends to raise as much as $345 million by selling convertible notes. The sale is supposed to provide funds that could be used by the company to proceed with the planned expansion in the advertising […]
Forex market: EUR/USD touches fresh 2-1/2-year highs on ECB support The euro advanced to the strongest level in 2-1/2 years against the US dollar as European Central Bank policy makers signaled support for the 18-nation common currency areas recovery.EUR/USD touched a session high at 1.3956 at 08:00 GMT, […]
Adidas cuts forecasts as sales slowed in Europe Adidas AG cut its 2013 forecasts because of declining sales in Europe and unfavorable currency impacts after reporting second-quarter profit that trailed analysts’ estimates.Adidas said full-year schedule will now be more challenging to […]
Volkswagen AG’s share price down, sells 2.7 billion dollars in preferred stocks to finance the acquisition of Scania AB The largest car manufacturer in Europe – Volkswagen AG made an official statement today, revealing that it sold 2 billion euros (2.7 billion dollars) in preferred stock. The company explained that the proceeds gained by the sale are intended […]