EU members have prolonged talks over the weekend, aiming to find consensus on a recovery fund for coronavirus. Council President Charles Michel proposed on Saturday a €50-billion transfer of financing from grants to loans to break the impasse. However, the remarks by German Chancellor Merkel and Greek Prime Minister Kyriakos Mitsotakis on Sunday suggested that […]
GBPUSD Price Analysis – July 19 The GBPUSD exchange rate had earlier attempted to reach 1.2647 level. The rate closed at 1.2563 levels during the prior session. Some selling potential may probably emerge in the market as the moving average 5 pressures the currency pair, as well as the moving average 13 in the 1.2560 […]
GBPJPY Price Analysis – July 19 GBPJPY holds at a level of 134.45 after easing its directional movement in the prior session, as the pair is now confined to the price channel indicating sideways bias beneath the 135.00 marks. To confirm further growth, the asset has to breach the moving averages and the upside border […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: RangingNZD/USD pair was earlier in an upward move. The uptrend has been terminated in June as price reached level 0.6600. After the uptrend was terminated, price fell to 0.6400 to resume a fresh uptrend. The resistance at level 0.6600 was […]
The forex markets in today’s subdued trading are normally trapped within yesterday’s range. At the start of the session, Chinese stocks attempted a turnaround, but quickly switched to red again, continuing with the mini-crash on Thursday. But other Asian markets are mixed, with little close overnight reaction to weaker US. As for the week, Euro […]
EURJPY Price Analysis – July 17 Throughout much of the trading week, EURJPY has been very optimistic but, lately, the market action has turned to the downside and could attempt a level of 120.50. EURJPY has come under some selling pressure after hitting fresh multi-week highs close to 122.50 level and is now floating around […]
USDCHF Price Analysis – July 17 In the previous session, the pair established an upside candle that confirmed a price reversal higher from the March high downside of 0.9902 level. Simply put, one might anticipate buyers to attempt the psychological level of 0.95, which might affirm the overall bias once breached. Key LevelsResistance Levels: 1.0027, […]
Key Resistance Levels: 111.00, 112.00, 113.00Key Support Levels: 104.00, 103.00, 102.00 USD/JPY Price Long-term Trend: RangingThe pair is currently in a sideways trend between levels106.00 and 108.00. The Yen is consolidating in the middle of the price range. There is no indication of its upward or downward movement of price. The price tends to consolidate […]
The European Central Bank ( ECB) had its Thursday meeting. The central bank kept interest rates intact as planned and their purchase programs unaltered. The ECB could make improvements to the tiering multiplier after the summer break, according to the Research Department at BBVA. “In the past few weeks, there have been some assumptions about […]
