Technical Analysis
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Uber’s strategic purchase: Acquisition of Delivery Hero
Uber has announced a deal that is historic by the company’s standards, yet for the moment the share price has…
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Salesforce shares surge 12% after earnings. There is no SaaS apocalypse?
Salesforce (CRM.US) shares gained around 12% in after-hours trading following results that highlighted two key trends: the core SaaS business…
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Trade of The Day – GBP/USD
Facts: GBPAUD is trading below the 100-period moving average from H1 interval The pair broke below the support at 1.3600…
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WTI Price – Bears have the upper hand below $82.10-$82.15 confluence hurdle
WTI drifts lower on Thursday amid fresh optimism over the reopening of the Strait of Hormuz. However, the geopolitical risk…
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Chart of The Day – Why is wheat gaining so strongly?
Wheat prices are currently driven by various overlapping geopolitical risks and rapidly deteriorating global harvest prospects. Recent gains have clearly…
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British Pound languishes near weekly low, below 1.3600 as USD bulls await Warsh’s speech
GBP/USD struggles to attract any meaningful buyers, though the downside seems limited. The hot US inflation data fuels Fed hike…
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Canadian Dollar consolidates near weekly low as USD bulls seem hesitant
USD/CAD struggles to capitalize on its weekly gains amid a combination of diverging forces. Geopolitical risks support crude oil prices,…
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New Zealand Dollar declines to near 0.5950 as US PCE data lift Fed rate hike bets
NZD/USD posts modest losses near 0.5950 in Thursday’s early Asian session. The US July PCE rose 0.2% on the month…
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Gold scales higher on softer US yields as traders await Fed Chair Warsh’s speech
Gold regains positive traction as the US Treasury’s buyback strategy keeps US bond yields depressed. The US inflation data fuels…
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AUD/JPY Price Forecast: Gains ground to near 114.50, bullish tone prevails above 100-day SMA
AUD/JPY gathers strength to around 114.45 in Thursday’s early European session. The constructive view of the cross remains intact above…
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