Could the Eur/USD Reach the 1.0985 Mark Again?
EUR/USD has been ranging between two marks the 1.0770 & 1.0985 levels. Negative news coming for the biggest economy in the world. A potential move from the bulls towards the 1.1000 level
Cable Failed to Break the 1.2460 Mark
The Bank of England kept the interest rates unchanged. On Sunday, PM Boris Johnson will declare his decision about lockdown extension. The DXY Index has been under the 100 level which considered a negative territory
Turkish Lira Records Lowest Low Ever Against the U.S. Dollar
The Turkish has been under pressure since end of November of last year. The Greenback appreciated more than 25% over the Turkish Lira.
Why Is the Swiss Franc Losing Ground to the Greenback?
The USD/CHF pulled back to the common ranges 0.9600 & 0.9795. German court asked for justification from the ECB bond-buying program. SNB Q1 losses exceeded $39 billion dollars
Could the Bears Push the Aussie Below the Monthly Level 0.6445?
The Aussie is tumbling ahead of the RBA interest rate decision. Strong monthly resistance is faced by the AUD/USD
A war of words between Australia and China due to the pandemic
The Greenback Is Losing Ground Against the Loonie
USD/CAD is struggling to break the monthly resistance 1.41 level Oil made a considerable rebound after it dropped below zero Many events waiting for the Canadian Dollar next week Technical Analysis: Monthly Time Frame: With the beginning of the year, the greenback was showing power against the Canadian Dollar, by appreciating more than 13%. However, the Loonie has managed […]
The British Pound Could Not Stay Above the Monthly 1.2515 Mark
The GBP/USD could not stay above the 1.2515. A lower UK Manufacturing PMI this month. Britain has the second-highest COVID-19 death toll in Europe
Gold Loses Value Amidst a Reopening of Major Cities Around the World
The price of Gold lost more than 4% of its value in the last 10 days. Major countries are preparing for a reopen their economy. XAU/USD could not break the 1675 level despite a bearish sentiment
The Euro Jumped More Than 1.3% on Thursday
The ECB lowered the interest rate. Huge move for the EUR/USD reaching the 1.0975 mark. US Unemployment claims increased comparing to the previous week
EUR/USD Bullish Momentum Soon?
Prices have broken the falling wedge formation shown on the daily timeframe, towards the upside.
GBP/USD Update 29 March 2020
Essential Insights: Cable is moving in a consolidative state, with a slight bearish tone. The is UK facing continued pressure to achieve a Brexit deal with the EU. Technical: As discussed in the recent GBP/USD brief (27/04/2020), prices are still moving within the rising wedge structure. Currently prices have rejected from the 200-day EMA three […]