In just two days from now, a major event that will set the trend for the currency market for the year 2020, the UK elections will be held. In the face of a Brexit extension, UK prime minister had pushed for an earlier election in the hopes of having a majority conservatives win in the […]
EURUSD Price Analysis – December 9 The euro is trying to build bullish momentum against the US dollar after the sellers failed to keep the pair below the support level 1.1053 with gain towards the level of 1.1077. The pair rose slightly during Monday’s trading session, showing signs of life. At this point, the market […]
This seems to be the season for the safe-havens given the expected events this week which will shape the currency market for the year 2020. First, The December 15th deadline set by the United States for the signing of a preliminary trade pact in which US president had threatened more tariffs in case of a […]
GBPUSD Price Analysis – December 8 The British Pound erupted during the previous trading week, and broke above the 1.30 level, with buyers controlling its momentum. This, of course, aided a little more certainty with the upcoming UK elections. GBPUSD hit 1.3099 level then rebounded to end the session drifting about 1.3135 level. Key Levels […]
This incoming week is very crucial in the economic calendar. First is the upcoming UK election scheduled to hold on Thursday, December 12, 2019. Secondly, the December 15 deadline set by the US for the signing of a preliminary trade pact in which President Trump had threatened more tariff hikes on Chinese goods in case […]
EURJPY Price Analysis – December 6 The mood of selling around the single currency coupled with renewed demand for the JPY is pulling the EURJPY to daily lows past the level at 120.40. Sellers have now regained control over the sentiment surrounding the single currency, all against the backdrop of a moderate recovery in the […]
Due out today from the United States is nonfarm payrolls report for November. A poll conducted by Dow Jones forecasted an increase of 187,000 jobs while the prediction for the unemployment rate is that it may hold steady at 3.6% previously recorded which is close to a 50 year low. Economists also forecast a 0.3% […]
AUDUSD Price Analysis – December 5 AUDUSD has continued to lose ground during the middle of the European session and is currently near its lower daily range, around the 0.6830-25 levels. While increasing the risk of reversal, its weak momentum and reversing the trend from the overbought zone, adds to the negative signals. Key Levels […]
The dollar tumbled down when President Trump announced that the trade deal may have to wait till November 2020 when the US elections will hold. Weeks ago, the President had earlier announced that he and China are in “the final throes” of an agreement in the trade talks which had pushed up demand for the […]
