News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
GBP/USD
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • When it comes to buying and selling forex, traders have unique styles and approaches. Learn about buying and selling forex here: https://t.co/D8DXSAdpqC https://t.co/nfiFAlyYXv
  • Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize negative slippage, while potentially maximizing positive slippage. Learn about FX slippage here: https://t.co/Blrl0unrdT https://t.co/mIsVJ4zTbB
  • What is your forex trading style? Take the quiz and find out: https://t.co/YY3ePTpzSI https://t.co/hymrumanUY
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here: https://t.co/kODPAfs2Iz https://t.co/6dAqxsVfxJ
  • The results of this weekend’s German Federal Election will likely dominate Euro sentiment at the start of the week ahead but after a possible EUR/USD bounce they will have little long-term impact. Get your weekly $EUR forecast from @MartinSEssex here: https://t.co/Xu3ZT7EtrW https://t.co/5VHKn52MaA
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here: https://t.co/nAa0fHq4Np https://t.co/mf9rsmIvaW
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here: https://t.co/7t4BzmLg8w https://t.co/mYWO0Eta0P
  • Sterling continues to contract into trend extremes and the focus is on a pending breakout in the weeks ahead. Get your weekly $GBP technical forecast from @MBForex here: https://t.co/ZvEMQuFjSs https://t.co/rMmq9cehnY
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here: https://t.co/mfwJ0sZLTs https://t.co/tm4k3IVzHr
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here: https://t.co/t9FlspUVZz https://t.co/FFMy5O9YoY
Cardano (ADA) Pumps Ahead of Smart Contract Announcement, Messi in The Money

Cardano (ADA) Pumps Ahead of Smart Contract Announcement, Messi in The Money

Nick Cawley, Strategist

Cardano (ADA) Price, Chart, and Analysis

  • Cardano eyes $2 as hard fork nears.
  • PSG tokens showing double-digit gains.

Cardano (ADA) continues to push back towards $2 this week, with gains powered by expectations that the company will today announce when the Alonzo hard fork will occur and when smart contracts will start to run on the blockchain. Cardano is a proof-of-stake blockchain platform founded in 2017 by Charles Hoskinson, one of the co-founders of the Ethereum network. Cardano is seen by many market participants as a competitor to the smart contract capabilities of Ethereum, the second-largest cryptocurrency by market cap.

The daily Cardano chart shows this week’s sharp rally with $2 now back in sight. Above here there is little in the way of technical resistance until the May 16 all-time high around $2.40 comes into focus.

Cardano (ADA) Pumps Ahead of Smart Contract Announcement, Messi in The Money

Via CoinMarketCap.

Argentina football legend Lionel Messi, who recently penned a two-year contract with French football giant Paris St Germain, and holders of the PSG Fan Tokens, will be in good spirit today as the token pops 11% higher on a daily basis. It was revealed recently that a ‘large number’ of PSG tokens were included in Messi’s contract with the French club.

Football Legend Lionel Messi Embraces Cryptocurrencies with PSG Fan Tokens

Cardano (ADA) Pumps Ahead of Smart Contract Announcement, Messi in The Money

via CoinMarketCap.

What is your view on Cardano – bullish or bearish?? You can let us know via the form at the end of this piece or you can contact the author via Twitter @nickcawley1.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES