Topline: Mario Draghi is finishing his eight-year term at the European Central Bank toward the month’s end. Nonetheless, his choices generally have set off an uncommon fragility inside the institution. Experts are of the premonition that Draghi will consistently be associated with his “whatever it takes” discourse. His policy will conform to three words — […]
AUDUSD Price Analysis – October 24 The Australian dollar is trading past the prior day’s range, and its current price has decisively moved beyond the previous day’s low in an active session. Its recent downside momentum is as a result of a halt at its advance above the horizontal level at 0.6882, and that may […]
GBPJPY Price Analysis – October 23 The FX pair’s upward advance is solidified after the break of the horizontal level at 140.07 with the high in the prior session reaching the level at 141.12 before breaking below. The low in the present session had reached the level of 139.08. Key Levels Resistance Level: 148.66, 146.57, […]
USDCHF Price Analysis – October 22 In the prior session, the USDCHF currency pair attempted to breach the short-term horizontal zone on the level at 0.9843. During today’s morning, the pair is testing the upper horizontal level formed above the MA 5 and 13 on the level at 0.9892. Key Levels Resistance Levels: 1.0126, 1.0027, […]
The Asian markets are higher today, due to the renewed confidence from news releases on U.S.- China trade negotiations. The U.S. President Donald Trump had declared recently that the accord with China is going along well. As a result, the markets data jumped higher for the Asian market: Hong Kong’s Hang Seng Index HSI, +0.23% […]
The U.S dollar was trading at its lowest period from January 2018 on Monday as discontinuous influxes of positive fundamentals on Brexit gave a boost to the pound to a multi-month high and helped the euro stay abreast of its challenges in October. Albeit Prime Minister Boris Johnson during the weekend was constrained by his […]
EURUSD Price Analysis – October 21 The EURUSD is trending below the horizontal zone at 1.1178 after losing some bullish momentum, earlier in the session the pair had attempted to push past the level at 1.1178 while recording the highest price in 5 weeks. Key Levels Resistance Levels: 1.1450, 1.1280, 1.1210 Support Levels: 1.1114, 1.1000, […]
GBPUSD Price Analysis – October 20 The GBPUSD had closed on Friday above its opening price after recovering from early selling pressure and trending higher for the 4th day consecutively in a row. After failing to reverse from its highs, the FX pair is unstable and due to weekend UK parliament vote on Brexit, with […]
After the UK made it public to exit from the EURO bloc, the market cap for Bitcoin and Gold has increased almost by $133 billion and $1 trillion. Is this the Brexit aftermath? As it is, the end may be near for Brexit. In the recent declaration an accord is reached between the British government […]
