Daily Pivots: (S1) 0.8623; (P) 0.8636; (R1) 0.8660; More… EUR/GBP’s rebound from 0.8611 extended higher today but stays below 0.8744 resistance. Intraday bias stays neutral first. On the upside, firm break of 0.8744 will argue that fall from 0.8863 has completed as a correction. Intraday bias will be back to the upside for retesting 0.8863,…
Yesterday, while analysing the silver price chart, we described a fundamental shift in supply and demand dynamics that likely became the key driver behind the sharp decline in prices. This same reasoning can likely be applied to the gold market, which experienced a synchronous and dramatic sell-off. From the A peak on 29 January near…
Market Overview The global foreign exchange market was valued at USD 861 Billion in 2024 and is projected to reach USD 1,535 Billion by 2033, growing at a CAGR of 6.64% during 2025-2033. North America held the largest share at 25.8% in 2024, driven by technological adoption and globalization of businesses. Key market drivers include…
Daily Pivots: (S1) 153.49; (P) 154.15; (R1) 155.42; More… USD/JPY’s break of 154.86 resistance suggests that a short term bottom was formed at 152.07, ahead of 38.2% retracement of 139.87 to 159.44 at 151.96. Corrective pattern from 159.44 should be in the second leg. Intraday bias is back on the upside, and sustained trading above…
LONDON, Feb. 3, 2026 /PRNewswire/ — FCA-regulated global CFD and spread betting provider, Trade Nation, is pleased to announce that it has won the category of “Best Forex and CFD Broker in the UK” at the 2025 TradingView Broker Awards. The accolade was awarded to Trade Nation as the winner for the United Kingdom due…
Daily Pivots: (S1) 1.1809; (P) 1.1892; (R1) 1.1934; More…. Intraday bias in EUR/USD stays neutral and more consolidations would be seen. Downside of retreat should be contained by 1.1835 support. Decisive break above 1.2 will carry larger bullish implications. Next near term target will be 38.2% projection of 1.0176 to 1.1917 from 1.1576 at 1.3434….
In today’s Market Outlook, let’s take a look at Forex Trading on GBPUSD, Silver, XAGUSD, Gold, XAUUSD, EURAUD and AUDNZD. Just a reminder that these videos are intended as educational, we are only observing current market conditions, and these are not to be considered as trading advice. The Reserve Bank of Australia just voted to…
Created on February 02, 2026 The USD/ZAR is around the 16.29000 level in early trading this morning which has seen a continuation of the Forex volatility experienced last week, traders face difficult short-term decisions. Traders who are confused by the dynamic sea changes in value of the USD/ZAR that have been seen early today and…
Some unprecedented volatility in the commodity and currency markets in late January led to a huge spike in institutional FX trading volumes to open 2026. As the benchmark EURUSD soared to above 1.20 late in the month, tied somewhat to record silver and gold prices, currency trading rose to record levels at several eFX institutional…
Daily Pivots: (S1) 182.78; (P) 183.42; (R1) 184.06; More… EUR/JPY is staying in consolidations above 181.76 and intraday bias stays neutral. Risk remains on the downside as long as 186.86 holds, in case of strong recovery. Break of 181.76 and sustained trading below 55 D EMA (now at 182.31) should solidify the case that fall…