Opinion: Market pros are so happy about stocks right now, you have to wonder if they’re too bullish
There’s an old saw about how if you lay all the world’s economists end to end, they still won’t point in any one direction or reach a conclusion.There’s no such adage about market technicians, but in the past six weeks it appears that the diehard group of technical analysts have all reached the same eventuality, […]
GBP/USD – Technicals fail to provide a directional clue
GBP/USD outlook: Bulls face strong headwinds but remain in play, US inflation data in focus Cable edges lower in early Friday’s trading as bulls continue to face headwinds and repeatedly failing to sustain gains above 1.24 mark, keeping the price action in sideways mode for one week. Strong barrier at 1.2446 (base of falling weekly […]
Technicals Hint at Further Downside
GBP/USD Price, Chart and Analysis: Recommended by Zain Vawda Get Your Free GBP Forecast Most Read: US Dollar Soars as Rosy ADP Report Shapes High Expectations for NFPs Next GBP/USD FUNDAMENTAL BACKDROP Cable is facing a host of technical headwinds as it looks to recover yesterday’s losses against the greenback. The dollar continued its advance […]