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GBP/USD Forecast: RSI Recovers from Oversold Territory

GBP/USD bounces back from a fresh yearly low (1.2037) to snap the recent series of lower highs and lows.

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By : David Song
Today 02:34 PM
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Euro Price Outlook: EUR/USD 1.0500 Support - Oversold Bounce or Bottom?

EUR/USD put in its first daily close below 1.0500 in 2023 earlier this week. And the bearish move has started to show symptoms of stalling, raising the question as to whether this is an oversold bounce or a legitimate bottoming scenario.


Major sell-off in Oil, Nasdaq rallies as bond yields fall

Oil prices saw a significant sell-off, down 4.6% to $85.3 on fears of slower economic growth and signs that supply will soon pick up. Nasdaq took its cue from a modest bond rally, with 10-year yields back at 4.74%. The dollar weakened. But for how long? Higher bond yields are becoming widely anticipated. Bottom line: risk-on.


US Dollar Price Forecast: USD Twelve-Week Rally Stretched

US Dollar has rallied nearly 7.8% off the yearly low with a twelve-week rally now testing technical uptrend resistance. The levels that matter on the DXY weekly chart.

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S&P 500 analysis: Top 4 oversold stocks to watch

The S&P 500 is lingering at 4-month lows and is the most oversold it has been in over a year. We look at some of the most oversold stocks to watch.

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Nasdaq 100 Forecast Stocks rise as ADP payrolls drop sharply

US stocks point to a stronger start after steep losses yesterday. Weaker than expected US ADP payrolls suggests that some weakness is seeping into the labour market ahead of Friday's NFP. Yields has eased lower from the 16 year high reached on bets that the Fed will keep rates higher for longer. US ISM services data is due shortly and could provide further clues over the resilience of the US economy.


Reddit Stocks: What meme stocks are trending today? – October 4, 2023

What stocks are being discussed and traded today, and which ones are experiencing the sharpest moves before the bell?

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EUR/USD analysis: Euro finds relief ahead of key US data

The euro rose across the board this morning after the services PMI for several countries in the Eurozone were surprisingly revised higher. But a sharp drop in Eurozone retail sales reminded investors the troubles facing the Eurozone economy, and that the single currency is not out of the woods yet. The EUR/USD had climbed above the 1.05 handle where it was testing a key resistance area ahead of the release of key US data.

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GBP/USD, Oil Forecast: Two Trades to Watch

GBP/USD falls to a fresh 6-month low with PMI data due. Oil resumes its decline of OPEC+ meeting.


EUR/USD looks at 1.04, DAX considers break of 15k: European open – 04/10/2023

EUR/USD and DAX edged their way to new lows during trade, although the lack of market volatility leaves it up in the air as to whether prices may try to bounce today, or simple extend their losses. Key levels await for both markets, regardless.


Nasdaq resilience built on hype and extrapolation of near-term trends

This is not the type of environment where dip-buying is likely to be a winning strategy on any timeframe other than the ultra-short-term.

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Today 12:29 AM
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NZD/USD turns lower as the RBNZ hold rates once more

NZD/USD's break above 60c ahead of the RBNZ's announced that they held rates at 5.5% again was shortly lived, and momentum has turned decisively lower. Ans there could be further downside to come.

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