HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment;
Up sharply vs. July 11th forecast The Atlanta Fed GDPNow forecast for 2Q GDP has been recalculated and it shows a sharp 0.6% gain from 3.9% to 4.5%. Consumer and government spending pushed the forecast higher.  The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2018 is 4.5
Bitcoin is up by more than 5% on the day, the biggest daily gain since 2 July ForexLive The increase seems to be tied to the fact that to a report earlier that BlackRock has formed a team looking to take advantage of cryptocurrencies and blockchain technology. The firm has since come out to clarify
Lots of overhead resistance  The GBPUSD moved up through channel trend line and the 38.2% and the close from yesterday all around the 1.3202 area.  That kept the bulls more in control.   However, the pair is running into more overhead resistance defined by the 100 hour MA, the 200 hour MA and the 50%
How to find support and resistance Being able to locate support and resistance is an essential skill for every trader no matter what his/her strategy is. The good thing is that there’s no need to get fancy. Simpler solutions work better because the strongest levels are those that are evident to the majority of traders.