Lately, the European Securities and Markets Authority has introduced leverage restrictions on assets that are traded on brokerage platforms in the EU and the UK. The problem here is that many retail traders cannot afford the large margin requirements necessary to support trading in such conditions of limited leverage. If you decide to trade with […]
GBPJPY Price Analysis – March 11 GBPJPY struggles to carry out the turnaround moves of the previous day while declining to a level of 135.40, down 0.7 percent, during Wednesday’s initial Asian session. Prior market bounce on Monday to current levels eased but revived coronavirus worries (COVID-19) seem to weigh on the risk-tone, traders are […]
XAUUSD Price Analysis – March 11 On Wednesday, gold recovered some positive traction and broke two consecutive days in a loss train. The precious metal has recovered most of the nightly drop to $1,642 level, as doubts about the stimulus package proposed by US President Donald Trump to mitigate the economic impact of the Coronavirus […]
USDCHF Price Analysis – March 10 The USDCHF is recovering from a low level of 0.9181 as it is bidding towards 0.9370 level, up 0.83% ahead of the US session on Tuesday. The pair got tips from a signal from global politicians to further stimulate the economy, as well as China’s mitigating barriers for travelers […]
S&P 500 Price Analysis – March 10 The recent selling in oil price led to a further decrease of the S&P 500 index and it declined by -7.60%, which strengthened the tone of risk already prevailing in the markets due to the outbreak of coronavirus outside of China. After the previous decline, the S & […]
EURUSD Price Analysis – March 9 Overall, the coronavirus headlines are set at EURUSD, ranging from the number of cases, steps to avoid the disease, and fluctuations in correlated assets such as yields. Another increase in buying on EURUSD moved the market past the level of 1.1410/1.1450 for an intraday step to its highest level […]
USDWTI Price Analysis – March 9 WTI oil futures for April delivery is in free fall mode on Monday after a price war between Saudi Arabia and Russia caused by last week’s OPEC+ meeting. On Monday, the oil price opened 11 percent lower and trading at a $27.40 level multi-year low, though not far from […]
GBPUSD Price Analysis – March 8 GBPUSD rose one more time in the prior session while rallying towards the 1.3050 level, thanks to a weak US dollar. The greenback dropped further against G10 currencies even though the US data were better than anticipated. Key Levels Resistance Levels: 1.3514, 1.3172, 1.3080 Support Levels: 1.2900, 1.2582, 1.1958 […]
S&P 500 Price Analysis – March 8 During the prior week, the S&P 500 rallied a little, rising past the 200 MA before plunging again. This is a market that is concerned about a lot of recessionary headwinds and as a result, we are likely to continue seeing the stock market in the red. Key […]
