In recent times, the UK geopolitics has made major headlines on account of Brexit. The history of Brexit dated back to June 23rd, 2016 in which a 52 percent vote cast in a referendum was in favor of the exit of Britain from the European Union. Brexit which was initially planned to occur on March […]
GBPJPY Price Analysis – November 27 Against the pound sterling, the Japanese yen has recently experienced a decline in its net position. This briefly pushed the outlook for GBPJPY Sentiment to strengthen the position of buyers. As such, the combination of current sentiment and recent changes gives us a more contrasted GBPJPY trading bias. Key […]
USDCHF Price Analysis – November 26 The USDCHF reached a new daily high of the level at 0.9987 at the start of the European session but failed to maintain momentum as investors refrained from taking important positions pending further developments on the trade dispute between the United States and China. At the time of writing, […]
In the last two weeks, fresh updates from the trade talks between two macro economies, U.S and China have emerged. Firstly, the video conferencing call between Chinese Vice-premier, Liu He and two top U.S trade officials which were hailed as a constructive one. This came barely two days after reports speculated preliminary pact almost been […]
The week started on a quiet note as market influencing figures are quite limited. For most of the currencies, there are no substantial figures to provide direction. Key influencers for the day will be PMI figures for the private sector out of the U.S, as there was a reported increase this month of November. Investors […]
EURUSD Price Analysis – November 25 The Euro slumped on Monday into early European trading, while unable to hold much of the recovery overnight, despite positive news, the dominant trend stays negative. At the same time, the bears face headwinds and may maintain prolonged consolidation, but should remain fully active while staying beneath the base […]
In the past four years, the Swiss national bank has maintained a monetary policy of negative interest rate. With a deposit rate standing at a negative of 0.75% and the interest rate on cash at Zero percent, a top official of the apex bank has made it known in a recent newspaper interview that there […]
GBPUSD Price Analysis – November 24 The FX pair near term bearish momentum had extended its move in the prior session towards the minor horizontal zone on the level at 1.2824. In the process, the GBPUSD attempted to breach the technical zone for a push lower but stalled, it is likely that a reversal north […]
EURJPY Price Analysis – November 22 The European common currency traded between the range on the level at 120.40 / 120.03 handle versus the Japanese yen during yesterday’s trading session. However, an increased momentum may likely impact the FX pair in the next session. In this scenario, the exchange rate may display a level of […]
