Monetary information will slow towards the end of the year, even though there are still a few important events planned for the new week. Business sectors were shaken by the major events a week ago, the United Kingdom elections, the decline in tariffs between the United States and China, and the FOMC decision. The British […]
EURJPY Price Analysis – December 13 Strong bullish momentum for the euro against the Japanese yen, as it decisively separates to the top of a new trend, and moves above MA 5 and 13 after the horizontal area. The foreign currency pair is likely to continue closing above for two days in a row after […]
The British Pound is still without a doubt the biggest factor in today’s and week’s trading, as it spurs the Conservative victory in the British elections. Boris Johnson pledged that the country would complete Britain’s exit from the European Union by the deadline of January 31, without any doubts. This is what the market trusts […]
AUDUSD Price Analysis – December 12 AUDUSD continues to grow after the strong breakout on Wednesday. As buyers control the situation, the currency pair is likely going to try to reach the level of 0.6929 and 0.6955 barrier zones, according to the general technical forecast. Key Levels Resistance Levels: 0.7205, 0.7085, 0.6929 Support Levels: 0.6862, […]
On Thursday, after US President Donald Trump announced that Washington was close to a trade agreement with China, crushing the intrigue of safe-haven metal, gold plunged from more than a month’s peak. The record surge in rare palladium, meanwhile, gave no indications of decreasing. Spot gold plunged 0.5% to $ 1,467.04 an ounce. Values reached […]
GBPJPY Price Analysis – December 11 The British Pound gained slightly during the trading session on Wednesday while attempting to retest the 143.66 level after a slight plunge beneath the level at 143. We may likely continue to see this market trying to go up and get a start for the election results. The yen […]
USDCHF Price Analysis – December 10 The USDCHF has now fallen to its weakest level since November 4 near the low at 0.9851 level, which is the target. Falling for the second consecutive session on Tuesday, the pair remained under strong supply, dropping to new monthly lows, near the mid-level of 0.9800 level in the […]
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 […]
