Back at 1.2537 in January 2018, the EUR / USD pair was at the bearish turn, which set a multi-year low of 1.0878 just two months before. The level can hardly be considered as a temporary bottom when you just think about the next price recovery, but this time attention is not on the technical […]
GBPJPY Price Analysis – December 25 GBPJPY patterns are near 141.60 level toward the start of Tuesday. The pair overlooks the recently released October minutes of the Bank of Japan’s monetary policy meeting, as worries over trade deal and Brexit hold the Japanese yen (JPY) generally more grounded than the British pound (GBP). Key Levels […]
This week there will be just a couple, not all that significant financial indicators, since trading is shortened because of the Christmas holidays, and the holiday hangover won’t clear up until the second week of January. Fully expecting the year’s end, we hope to see profit-taking in American stocks after their sharp increase over the […]
The Chinese yuan was unaffected after Prime Minister Li Keqiang said that the administration was thinking about additional measures to reduce corporate finance costs, and referred to a “targeted” reduction in the required reserve ratio of banks. Offshore yuan last exchanged at 7.007. While the euro fell on Tuesday, returning to a fourteen-day low, the […]
EURUSD Price Analysis – December 23 The EURUSD pair rose in the US session and showed a new daily high at 1.1095, remaining below the level of 1.1100. It stays near the top on a quiet day ahead, while price movement is expected to remain low ahead of short holidays. Key Levels Resistance Levels: 1.1280, […]
The dollar held relentless toward the beginning of the week on Monday after data from the US demonstrated consistent economic development, while the British pound recorded some loss after it endured its greatest weekly plunge in recent years. A bundle of financial information discharged on Friday demonstrated that the US economy is having the longest […]
GBPUSD Price Analysis – December 22 This pair has already entered the sellers’ area and reached the horizontal area at 1.2978. The new week might push the correction in the cable to lead prices towards 1.3150 level. Consequently, there could be further depreciation in GBPUSD over the medium term. Key Levels Resistance Levels: 1.3700, 1.3600, […]
Toplines: *The GBP / USD pair is at risk of extending its support in the near term at 1.2970. *GBP / USD Current Price: 1.3004 The GBP / USD pair reached multiple week low of 1.2978 and ended the week on the 1.3000 level, as uncertainty about Britain leaving the European Union increased the burden […]
EURJPY Price Analysis – December 20 The single European currency may lose ground against the Japanese yen during the next trading session. The likely target may be at the 119.99 level. Once again, the EURJPY may be driven by the tone of risk over the US-China trade dispute in the absence of any news from […]
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