The short‑term Elliott Wave outlook for GBPUSD indicates that the rally from the March 31, 2026 low is progressing as a five‑wave impulse. From that date, wave 1 concluded at 1.3658, followed by a corrective pullback in wave 2 that ended at 1.33. The pair then advanced in wave 3, establishing a clear impulsive structure….
Key Highlights GBP/USD started a recovery wave and tested the 1.3520 resistance. A contracting triangle is forming with resistance at 1.3480 on the 4-hour chart. EUR/USD is again moving lower and might decline below 1.1575. Bitcoin seems to be facing an increase in selling pressure and might dive below $70,000. GBP/USD Technical Analysis The British…
Just as investors were becoming comfortable with the idea of a US-Iran agreement, oil markets received a sharp reminder of how fragile that assumption remains. Reports from Iran’s state-affiliated Tasnim news agency indicated that Tehran will suspend negotiations with Washington until Israeli operations in Gaza and Lebanon cease. The report also warned that Iran could…
The USD/ZAR is within the lower elements of it near-term range as it traverses around 16.23400 as of this writing depending on the bids and asks on trading platforms. The USD/ZAR has sustained it lower range early this morning with largely sideways trading results. The currency pair is near the 16.23400 mark with a rather…
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just posted its key operating metrics for May 2026. The brokerage reported 4.969 million Daily Average Revenue Trades (DARTs) for May 2026, 47% higher than prior year and 17% higher than prior month. Ending client equity amounted to $937.3 billion, 49% higher than prior year and 8%…
Crypto exchange giant Binance is expanding its offering of non-digital-assets, today launching 24/5 trading of US stocks and ETFs, powered by Alpaca, a leader in brokerage infrastructure APIs offering access to options, stocks, ETFs, fixed income, and crypto. After recently adding Prediction Markets trading and CFDs-like TradFi Perpetual Contracts earlier this year, Binance is strengthening…
Brent oil price rose around 2% in early Monday trading (on track for the first daily gain after being eight days in red), following fresh escalation in the Middle East (escalation in Lebanon and fresh US attack on Iran and their subsequent response) that soured the sentiment. Strongly oversold daily studies, following heavy losses in…
US manufacturing activity accelerated in May, with ISM Manufacturing PMI rising from 52.7 to 54.0, well above expectations of 52.6 and marking its highest level since May 2022. The report points to a broadening recovery across the sector, with only 2% of manufacturing GDP now in contraction, down dramatically from 19% in April. Historically, a…
USD/JPY continued its advance on Monday, reaching 159.46. The Japanese yen therefore remains under pressure near the key 160.00 level against the US dollar. This was the threshold that previously triggered currency market interventions by the Japanese authorities. Data released on Friday confirmed that Japan spent JPY 11.7 trillion supporting its national currency at the…
The USD/MXN is around the 17.32610 ratio as of this writing and displaying a wide spread via bids and asks as the broad Forex market has remained within a slightly weaker USD centric mode. Going into this past weekend the USD/MXN had shown some downside near-term momentum as it returned to its lower realm. The…