GBPUSD Price Analysis – December 29 Despite constant fears about a tough Brexit, the GBPUSD pair rose to the level of 1.3117 last Friday, the highest level in almost two weeks, to finally settle at a level in the price area of 1.3080. The steady increase in sterling, however, has not yet been registered. Key […]
*On the geopolitical front, releases from the U.S and China on the approaching sealing of the phase one trade agreement may likewise be impactful. *The trend for the week ahead may originate from market risk sentiment. Notwithstanding any emergency scenario, it might, at last, come down to discussion from the Oval Office and Beijing. As […]
EURJPY Price Analysis – December 27 EURJPY buyers ride on the upside momentum to the level at 122.46 during the European session into American Session on Friday. The pair recently bounced off the moving average 5 while the upper line of the ascending trend-line channel since early-September may bolster the pair’s advances past the level […]
Gold spot slowed down its revision from two-month highs of $1517.40 and endeavored a lukewarm close to $1512, chiefly because of a crisp selling-wave found in the US dollar over its fundamental rivals. The XAU/USD pair rose strongly before the Christmas break and broadened its consolidation two days after as financial speculators returned on Thursday. […]
AUDUSD Price Analysis – December 26 The Aussie is optimistic about easing trade tensions between the United States and China and signs of a recovery in global growth. Based on this assessment, the direction of AUDUSD is likely to be determined by the reaction of traders to Tuesday’s close on the level at 0.6921. Key […]
Back at 1.2537 in January 2018, the EUR / USD pair was at the bearish turn, which set a multi-year low of 1.0878 just two months before. The level can hardly be considered as a temporary bottom when you just think about the next price recovery, but this time attention is not on the technical […]
GBPJPY Price Analysis – December 25 GBPJPY patterns are near 141.60 level toward the start of Tuesday. The pair overlooks the recently released October minutes of the Bank of Japan’s monetary policy meeting, as worries over trade deal and Brexit hold the Japanese yen (JPY) generally more grounded than the British pound (GBP). Key Levels […]
This week there will be just a couple, not all that significant financial indicators, since trading is shortened because of the Christmas holidays, and the holiday hangover won’t clear up until the second week of January. Fully expecting the year’s end, we hope to see profit-taking in American stocks after their sharp increase over the […]
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 […]
