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 […]
Gold adhered to a restricted scope of $ 5 on Friday, as investors stayed uninvolved ahead of the Christmas season and as securities exchanges arrived at record levels amid fears of trade concerns between the United States and China. The spot gold price didn’t change at $ 1,478.90 an ounce, yet it empowered its gains […]
AUDUSD Price Analysis – December 19 AUDUSD buyers are setting a shorter upward bias but may run into trouble when the price approaches the key barrier again. After reaching a daily high of 0.6884 level, the pair entered the consolidation phase and last traded at 0.6868 level, adding 0.3% on the daily. Key Levels Resistance […]
The dollar shrugs off US President Donald Trump’s indictment on Thursday, as traders were surprisingly optimistic after the dominant lawmakers in the U.S. House of Representatives voted to impugn Trump. The indicator, which tracks the dollar against six significant fiat forms, rose 97.40, shortly after the six-day high of 97.475 reached on Wednesday. At the […]
