| Updated: November 9, 2023
The GBP/USD bounced off the support level of 1.3070 in order to complete a 38.2% Fibonacci retracement at 1.3145 level. Closing of candles below this level can drive selling bias in the Cable. Check out a quick trade plan in the GBP/USD analysis video.
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.
Oil futures decline on groundbreaking Iran accord, U.S. data in focus Both West Texas Intermediate and Brent benchmarks fell on Monday after Iranian diplomats and their counterparts from the five permanent members of the U.N. Security Council and Germany reached a groundbreaking breakthrough in a decade-long […]
Amazon shares gain for a second straight session on Monday, e-commerce company to launch grocery delivery service in France Amazon.com Inc (AMZN) was reported to be planning the launch of a grocery delivery service in France. It was in February, when the e-commerce company announced plans to add 2 000 new jobs in Eurozones second largest economy.Amazon […]
Apple Inc.’s share price down, to notify users of iCloud hack attempts Apple Inc. revealed that additional steps for keeping the security of its users accounts are being planned. The company, however, again denied that carelessness is the reason why hackers managed to intrude in some celebrities accounts and […]
Natural gas trading outlook: futures add after a significant drop last week Natural gas futures climbed during early trading in Europe today, after sizable losses last week. Weather reports project a normal week for top-consumer US, in terms of temperatures, with a sizable warming next week. Stockpiles in the US were […]
Forex Market: AUD/USD extends gains as RBA keeps rates intact, sticks with bond tapering plans AUD/USD extended gains on Tuesday after the Reserve Bank of Australia surprised markets with its decision to stick with bond purchase tapering plans.At the same time, the RBA official cash rate was kept intact at a record low level of […]
Euro zone Unemployment at record high On Friday official reports stated that Unemployment Rate in the single currency zone hit a new record high during April, while consumer prices inflation increased by a relatively low rate. Such situation could undeniably put pressure on […]