On the H4 time frame, prices are facing bearish pressure from the resistance zone at 1.020, in line with the Fibonacci confluence levels which presents an opportunity to play the drop to the next support target at 1.000. The 1.000 support zone also coincides with the 100% Fibonacci extension and 61.

FP Markets has added ETFs CFDs to its wide range of over 10,000+ products available to trade on the global markets. ETFs are a type of pooled investment security traded on a stock exchange in the same way that a regular stock can be traded. Rather than holding only one underlying asset as you would

USD/CNH's daily chart MACD and candlestick arrangement indicates a bullish reversal.  The pair looks set to challenge a four-month bearish trendline.  USD/CNH could witness a significant bounce over the next few days.  That's because the daily chart MACD histogram, a widely-followed technical analy

European markets are up in positive territory in early afternoon trades on Wednesday, as stocks rebounded from recent losses, after Nasdaq futures bounced back and oil prices recovered after a terrible setback in the previous session. The mood is a bit cautious with investors looking ahead to the

German retail sales data and the monthly house price survey results from the UK are the main news on a light day for economic data in Europe. The Federal Statistical Office or Destatis is set to release Germany's retail sales data for July at 02:00 am ET. Economists are looking for a monthly gain of

AUD/USD trades in the red near 0.7350 versus 0.7381 in early Asia.  China's NBS Manufacturing PMI bettered estimates to signal expansion in August.  Overbought AUD is struggling to cheer the upbeat China data.  China's manufacturing sector unexpectedly expanded in August. So far, however, the data

Photo: Finance Magnates The US Commodity Futures Trading Commission (CFTC) has announced on Wednesday the settlement of two separate enforcement actions against the Bank of Nova Scotia (BNS), operating as Scotiabank, for a total fine of $127.4 million. The regulator charged the provisionally regis

The Reserve Bank of New Zealand (RBNZ) board members decided to leave the Official Cash Rate (OCR) unchanged at a record low of 0.25% for the third straight month in August, as much anticipated. The RBNZ expanded its quantitative easing (QE) programme size to NZD100 billion. Additional takeaways QE

Pairs and markets analysed this week - USD Index, Crude Oil, EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD, USD/CHF, USD/CAD and GOLD. Highlighted in the video are key areas of support and resistance which look to provide potential opportunities as well target areas for the coming week and also weeks

German Manufacturing PMI arrives at 50.0 in July vs. 48.0 expected. Services PMI in Germany improves to 56.7 in July vs. 50.5 expected. The German manufacturing sector returned to expansion in July, the preliminary manufacturing activity report from IHS/Markit research showed this Friday. The Germa