Vigilant

Vigilant

Rains in top US wheat growing areas after drought improve crop outlook. Will the wheat price continue falling? Recent rains in southern Plains after dry conditions following colder than usual winter in top US wheat growing states has improved US wheat crop outlook. Colder winter has slowed crop development, limiting crop’s water needs, and more rains support...

Vigilant

On the daily chart the GBPUSD has been retracing following the rise to 21-month high in the end of January. The price has breached above the resistance line. The Donchian channel signals uptrend, it is tilted up. The MACD indicator is above the signal line and the gap is widening, which is a bullish signal. I believe the bullish movement will continue after the...