The Japanese Yen Broke the 107.90 Mark After Testing It for More Than One Month
The Gopher managed to break the monthly support and entered the negative territory. The Greenback is under pressure amid the US-China high tension. The US ISM Services PMI came out higher than expected on Tuesday
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 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 […]
Crude Oil Prices Jumped More Than 60% This Week
Crude oil regained power with a jump of over 60%. China declared the annual meeting of the National People Congress
with de-escalation measures implemented in some major cities, the demand for oil increased
The Japanese Yen Succeeded to Push the Greenback Below 107 Mark
BOJ decided, again, to ease its monetary policy to battle the pandemic. Tokyo is not ready to lift lockdown restrictions. The USD/JPY breached the monthly resistance (107 level) downward.
The USD/SGD Failed to Break the 1.4240 Mark
The USD/SGD is facing strong resistance. Cheap loans to be offered to SME borrowers. A shrink of 5.7% of Singapore’s GDP.
GBP/USD – Ready To Fall?
GBP/USD – Huge Downside Opportunity? GBP/USD retraced after falling over 200 pips on Monday through Tuesday, last week. Dollar index rejected from key monthly resistance at 100.
Zoom Video – Downside Imminent ?
Essential Insight: Zoom video communication has fell from an all time high of 181.26 amid security concerns. It is currently trading at 158.80 Technicals: The Zoom stock price has fallen sharply from its high of $181.26, on a weekly timeframe it is evident that price has not been able to successfully close above its previous […]
Could This Be the End of USD/ZAR Appreciation?
The USD/ZAR reached an all-time high
South African government asking the IMF for help due to the pandemic. The president ordered to start easing the restrictions of coronavirus lockdown