-637847137346325944.png "The bulls attack the 200 EMA at 1.3140")
Pound bulls are looking for a break of the symmetrical triangle at 1.3140 for further upside momentum. GBP/USD has been facing resistance near the 200 EMA at 1.3135. The RSI (14) in a range between 40-60 indicates indecision. The GBP/USD pair is trading in a tight range between 1.3086 and 1.3146 amid tightening volatility. The […]
Tag: Volatility
Look to find trendline support around 0.7150
-637816262381788386.png "Look to find trendline support around 0.7150")
AUD/USD is likely to continue moving in a range between 0.7150-0.7220. The 50 EMA is moving above the 200 EMA, which adds to the filters to the upside. The uptrend line from 0.7051 will continue to provide support for the pair. The AUD/USD pair is looking to consolidate in a range of 0.7150-0.7220 for the […]
Forex Today – Asian Session: Dollar Rally Stops Amid Extreme Overbought Conditions
What you need to know on Friday, June 18: The US currency extended its gains against most of its main rivals, except for the JPY, which strengthened thanks to falling government bond yields. However, market participants continued to value the latest aggressive stance from the US Federal Reserve, which hinted at two rate hikes in […]
CBOE’s Euro Volatility Index falls to pre-pandemic levels
According to the data source Factset, the CBOE Euro Volatility Index, which measures the market expectation of the 30-day volatility of the EUR / USD exchange rate, has decreased to 6.6, the lowest level since the end of February 2020. The currency market has calmed down despite the fact that the stock and commodity markets […]
Wall Street Fear Index closes below 20 for the first time since March 2020
The CBOE Volatility Index, also known as Wall Street’s “fear gauge,” ended below the 20 level on Friday to mark the lowest daily close since the March 2020 dip. Falling below the 20 level could pave the way for more rises in the stock marketsFundstrat’s Tom Lee said in a note Friday, Bloomberg reports. Systematic […]
GBP / USD recovers towards the 1.3050 level
A controversial result in the US election boosted the USD and put heavy pressure on GBP / USD. Some signs of stability weighed on the safe-haven USD and offered some support to the pair. The uncertain political situation in the United States could limit any significant positive movement for the pair. The pair GBP / […]