EURJPY Price Analysis – May 8 Since the prior trading session, the common European currency has risen 77 basis points or 0.67 percent against the Japanese Yen. The currency pair on Friday surpassed the upward moving average of 5. While emerging upwards after a low-level rebound at 114.39, the selling bias in EURJPY stays far […]
USDCHF Price Analysis – May 8 USDCHF sits close to 0.9700 level, slipping 0.15 percent on the day as it continues to the American session on Friday. The FX pair extends downward retracement to level 0.9700 while remaining restricted under level 0.9800. The selloff lasted for Friday’s second day in a row session and was […]
AUDUSD Price Analysis – May 7 AUDUSD continues reversal from recent lows thereby pushing buyers close to 0.6462 level, up 1.00 percent on the day, into European session on Thursday from the Asian Session. Figures from the Aussie market were the new impetus for the pair’s U-turn following risk-off sentiments. With Australia expected to reopen […]
EURUSD Price Analysis – May 7 The US dollar stayed in demand for the fourth day in a row and continued to exert downward pressure on the EURUSD pair. The FX spot trades horizontally beneath 1.0800 level at press time. Given the effects of the coronavirus disease outbreak, the European Commission said that in 2020 the GDP […]
GBPUSD Price Analysis – May 6 The GBPUSD pair eventually broke down the consolidation stage of its Asian session and in the last few hours crashed to over one-week lows, along the 1.2360 marks. The initial reversal was motivated by some follow-up bullish activity in the US dollar, that stayed widely sustained by its position […]
USDCHF Price Analysis – May 5 Throughout the pre-European session on Tuesday, USDCHF holds fast to marginal gains of 0.5 percent thus moving rounds past 0.9700 levels into American sessions. By so doing, the pair is increasing rebound earnings from Friday’s low level of 0.9589, and also from the base of five weeks. The latter […]
EURUSD Price Analysis – May 4 At the weekly start, the EURUSD pair pulled back lower, as the market jump-started in the risk-off mood on Monday. After the Asian session, the pair’s slump was apparent, though the pair gained little support near 1.0930 level amid London trading hours, while bottoming at 1.0922 level. European data […]
GBPJPY Price Analysis – May 3 As GBPJPY pulls back from the multi-day top, it reverses to level 133.47, down 0.75 percent in the previous session, amid recent risk-off. While doing so, the pair do seem to have dismissed pessimistic Japanese GDP projections and the Asian nation’s weak figures. Key Levels Resistance Levels: 147.95, 139.18, […]
GBPUSD Price Analysis – May 3 After hovering with April’s monthly peak, the GBPUSD pair retracted rapidly at the later part of the week ending at 1.2487 level. The April UK Markit Manufacturing PMI has been adjusted down to 32.6, worse off than estimated, whereas in March, Consumer Credit plummeted to £-3.8 B. PM Johnson was […]
