A top finance analyst has observed that in the Fed’s broad index chart, the Chinese Yuan has consistently maintained its growth in the last decade to emerge amongst the top five with the largest trade weight. It had even outrun the Canadian currency to clinch the 2nd most traded currency in the United States after […]
EURJPY Price Analysis – November 15 The common European currency versus Japanese yen had depreciated about 57 basis points and exited Thursday on the level at 119.47. Looking at a hypothetical perspective, the exchange rate of EURJPY may make an upside reversal inside this session. Buyers may focus on the moving average 13 on the […]
AUDUSD Price Analysis – November 14 Early in the European session, the Australian dollar plunged versus the dollar, deeper past the horizontal line on the level at 0.6810 critical area and has recorded a fresh low in one month. The recent release of the employment figures showed that it had slipped lower and it is […]
In the news this week, Japan released its 3rd quarter GDP figures while Australia also released its October employment figures. Earlier today, China released its industrial production figures for October. Powell’s much-anticipated testimony to Congress on the U.S. economy also had an impact on the market. By analyzing the inflation figures published in Australia in […]
GBPJPY Price Analysis – November 13 GBPJPY is trending within the prior day’s range after its unable to build on its gains recent gains as the sellers tried to take advantage and may end the day below its opening price but in a lackluster momentum. Key Levels Resistance Levels: 148.66, 146.57, 141.50 Support Levels: 135.49, […]
The trade war between two macro economies, U.S and China which had lasted for 16 months in which both countries slapped tariffs on their respective goods seemed to make a headway last few weeks when reports came through that the two countries were nearing a preliminary phase of the trade deal and the tariffs on […]
USDCHF Price Analysis – November 12 USDCHF is posting fresh session lows in today’s trading as sellers took control of the market while breaking downwards past the moving average 5 heading towards moving average 13. As it is, in the event of a further break downwards and the price momentum continues, it will open the […]
Earlier in the news, Brexit party leader had stated that every senatorial seat numbering more than 600 would be keenly contested for by his party. The majority had predicted a drop-down of support for UK Prime Minister, Boris Johnson given Brexit extension. However events took a twist, as in a recent news release, Nigel Farage […]
Gold is by all accounts prepared for a short-covering rally after the substantial plunge a week ago. The present news might be sufficient to oust the absolute weakest short sellers from the market. Gold prices are moving higher on Monday, supported by lower Treasury yields and lower demand for shares. Poor business conditions because of […]
