USDWTI Price Analysis – March 19 Amid many attempts so far this Thursday to expand the recovery momentum beyond the $24 price level, WTI (oil futures on NYMEX) has entered a consolidated mode over the last few hours as investors evaluate the efficacy of the new global stimulus steps to counter the economic impact of […]
GBPJPY Price Analysis – March 18 The GBPJPY cross falls to fresh lows, about the current session-level of 127.00, although some levels have been recovered later. The new optimism over Tuesday’s £330 billion stimulus package from the UK government has been largely offset by increasing worries about the coronavirus pandemic’s economic effects. Key Levels Resistance […]
XAUUSD Price Analysis – March 18 Currently, Gold trades at $1,503 level per Oz, as at the time of writing, setting a session high of $1,546.42 level a few hours ago. The yellow metal has so far traded further within the $1,554 to $1,465 price range of the previous day. Despite the declines in US […]
USDCHF Price Analysis – March 17 Throughout the early North American session, the USDCHF pair kept scaling higher and shot to tops of over two weeks, with the price above the 0.9600 marks. A mixture of reinforcing elements – including a fast increase in the US dollar market – supported the pair to attract some […]
S&P 500 Price Analysis – March 17 The futures on the S&P 500, the stock index for Wall Street and the global equity benchmark, spiked up 3.87 percent early today, dropping 12 percent on Monday. However, it remains negative by another 11 percent trading as low as 2,365 level on Tuesday as the plans for […]
EURUSD Price Analysis – March 16 Since trending as high as the 1.1236 level earlier in the day, at the time of writing, EURUSD has now come under some selling pressure and drops the price down to the 1.1172 level. In the second time this month, the US Federal Reserve is cutting the benchmark rate […]
USDWTI Price Analysis – March 16 Today, the price of WTI oil has fallen to the lowest since last Monday’s crash, bursting at $30 and $29 levels through round-figure confluences while ignoring external intervention. The oil sell-off activate overnight after Fed’s aggressive measures failed to calm down investors, with ongoing price war between major producers […]
GBPUSD Price Analysis – March 16 With the Fed’s surprise activity reminiscent of the US dollar bears, GBPUSD bounces off lows in an early attempt to rebound past the level of 1.2300 to 1.2412 and higher than 0.50 percent on Monday as it heads into open European and American session. During the early Asian session, […]
S&P 500 Price Analysis – March 16 Today, it seems that market selling may continue as the S&P 500 furthers its decline again. The unexpected move by the US Federal Reserve to cut rates by 100 bp from 1% -1.25% to 0% -0.25% and the announcement of a quantitative easing program, it seems, has not […]
