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 […]
EURUSD Price Analysis – November 11 In the European session, at GMT10:00 hrs, the pair is trading at 1.1032, with the EUR trading 0.13% higher against the USD from Friday’s close. And for the 24 hours to 23:00 GMT, the EUR plunged approximately 0.28% against the USD and closed at 1.1019 on Friday, amid the […]
GBPUSD Price Analysis – November 10 The pound sterling is currently registering a continuing weakness against the USD as observed in the previous session that ends the last week of trading down on Friday at the level at 1.2775 after losing 39 pips. The sellers took control of the FX pair, as it confirmed their […]
The week will undoubtedly be memorable for all trades. Let’s take a quick look at the expectations for the week. Politics and Others Making news will be the ongoing accusation saga in the White House that will be made public. Its impact has not yet been felt in the market, but it can be felt […]
EURJPY Price Analysis – November 8 The European common currency had a bullish rebound versus the Japanese yen in the last session while testing the horizontal zone on the level at 121.11. Meanwhile, the pair’s exchange rate may likely continue to fluctuate and lose strength within this session. The potential target next may be at […]
Following a break out of reports on a preliminary agreement almost been reached in the trade talks between the U.S. and China, the greenback was propped up as it neared a percent gain for the week. The U.S. dollar paired against 6 major currencies traded at 98.136 nearing a 1% market gain for the week. […]
After reports of a preliminary agreement been reached by the two largest economies, China and U.S broke out; the bulls tested European markets in which it reached the 2015 peak. Recall in the last 16 months, the U.S. and China had been in a trade war in which both countries slapped tariffs on their respective […]
