CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Click here to read full risk warning

US30 - Easing Below 26000 Level as Fed Officially Announces Rates Plan for 2019

 

 
The US30 index has eased in the last day or so, after spending the previous week rallying well. The previous two weeks saw the index ease from a three month high around 26200, which has now resulted in the US30 index trading in a narrow range roughly between 25400 and 26200 for the last month. In early February the index seemed content to have consolidated in a narrow range right above the significant level of 25,000 before it began its slow climb higher. 
Read More

Federal Reserve System (Fed) Interest Rate Decision

Today at 6:00pm UK time. FED Interest Rate Decision is made on a predetermined date during the vote among the members of the FOMC concerning the Fed short-term interest rates to be charged from credits and commercial bank loans. F:2.5%, P:2.5%.

Read More

US30 - Rallies Above Key 25000 Level as Powell Says Fed Policy Is Appropriate

 

 
The US30 index has rallied well in the last few days after spending the previous two weeks easing from a three month high around 26200 a few weeks ago. Several weeks ago the index seemed content to have consolidated in a narrow range right above the significant level of 25,000 before it began its slow climb higher. It was able to resume what has become a very steady climb higher which started back in December. 
Read More

Market Recap: 25 February - 1 March

 

 
On Tuesday last week we covered the GBPUSD which continued earlier in the week to climb above the key level of 1.32 before finishing the week easing back to this level and finding support there. The last three weeks has seen a resurgent sterling as it climbed back towards that key 1.32 level, after spending the previous three weeks falling away strongly from the same key resistance level at 1.32.
Read More

US30 - Eases from Three Month High Above 26200 after Powell Testimony to Congress

 

 
Even though the US30 index has declined ever so slightly in the last few days, it has been able to reach a three month high around 26200 in the last week. Several weeks ago the index seemed content to have consolidated in a narrow range right above the significant level of 25,000 before it began its slow climb higher. It was able to resume what has become a very steady climb higher which started back in December. 
Read More

Market Recap: 18 - 22 February

 

 
On Tuesday last week we covered the USDCAD which continued throughout the week to drift lower and move back down below the key 1.32 level. In the last few weeks the USDCAD has traded within a narrow range being ably supported by the current key level of 1.32, so the break lower at the end of last week may be significant. Despite an excursion below this level a few weeks ago for a week, the USDCAD has spent the best part of the last six weeks doing not much else than trading above 1.32.
Read More

US30 - Moves to 10 Week High Around 26000 after Fed Minutes

 

 
Over the last week the US30 index has made a steady climb higher to reach its highest level since early December as it continually creeps upwards. Only a week ago it seemed content to have consolidated in a narrow range right above the significant level of 25,000 before it began its slow climb higher.
Read More

Market Recap: 11 - 15 February

 

 
On Tuesday last week we covered the GBPUSD which continued throughout the week to move strongly lower before rallying higher to finish the week. The last three weeks has seen the GBPUSD fall strongly away from the key resistance level at 1.32 and it seems to be eyeing off potential support at 1.27 again. The sterling enjoyed a very positive January as it has moved from below 1.27 up to a three-month high at the resistance level around 1.32, before the recent decline.
Read More

US30 - Enjoying Support from Key 25000 Level as Fed Shifts to Patient

 

 
Over the last week the US30 index seems to be content to have consolidated in a narrow range right above the significant level of 25,000 allowing it to move to a two month high today. A couple of weeks ago this level offered some resistance to the index however this was quickly broken through, only for the level to prop up the index since.
Read More

Market Recap: 28 January - 1 February

 

 
On Tuesday last week we covered the EURUSD which continued throughout the week to struggle with resistance from the current key level of 1.15. For the last couple of months now the EURUSD has been content to trade within a narrow range enjoying support from 1.13 and meeting resistance at the 1.15 level. It is interesting to note that its recent excursion a few weeks above 1.15 didn’t last long as it was quickly sold down at those three month highs.
Read More