In the past week, after Boris Johnson was declared the winner of the December 12 UK elections, Sterling had a wild run in the hope of an easier Brexit pass. The same may not hold for Pound as during the week, with its market activity, analysts had foreseen it may not trend higher. In the […]
EURUSD Price Analysis – December 16 The EURUSD surge last week stopped at a fairly important resistance level. On the daily chart, the horizontal level at 1.1178 proved an obstacle again. The same level had kept the pair low in the last two months. Key Levels Resistance Levels: 1.1450, 1.1280, 1.1200 Support Levels: 1.1115, 1.1090, […]
As reported by Reuters, the December 15 deadline set by the United States for the signing of a preliminary pact was reached with both countries agreeing on some certain terms: Highlights of the Preliminary Trade Deal President Trump had already threatened to impose extra tariffs on more than $160 billion Chinese goods; this will not […]
GBPUSD Price Analysis – December 15 The GBPUSD pair reached 1.3514 level last Friday, a level that was last seen in May 2018, after the Conservative Party led by British Prime Minister Boris Johnson won the general elections in the United Kingdom. The pair fell all day on Friday, amid a higher dollar and profit-taking, […]
Monetary information will slow towards the end of the year, even though there are still a few important events planned for the new week. Business sectors were shaken by the major events a week ago, the United Kingdom elections, the decline in tariffs between the United States and China, and the FOMC decision. The British […]
EURJPY Price Analysis – December 13 Strong bullish momentum for the euro against the Japanese yen, as it decisively separates to the top of a new trend, and moves above MA 5 and 13 after the horizontal area. The foreign currency pair is likely to continue closing above for two days in a row after […]
The British Pound is still without a doubt the biggest factor in today’s and week’s trading, as it spurs the Conservative victory in the British elections. Boris Johnson pledged that the country would complete Britain’s exit from the European Union by the deadline of January 31, without any doubts. This is what the market trusts […]
AUDUSD Price Analysis – December 12 AUDUSD continues to grow after the strong breakout on Wednesday. As buyers control the situation, the currency pair is likely going to try to reach the level of 0.6929 and 0.6955 barrier zones, according to the general technical forecast. Key Levels Resistance Levels: 0.7205, 0.7085, 0.6929 Support Levels: 0.6862, […]
On Thursday, after US President Donald Trump announced that Washington was close to a trade agreement with China, crushing the intrigue of safe-haven metal, gold plunged from more than a month’s peak. The record surge in rare palladium, meanwhile, gave no indications of decreasing. Spot gold plunged 0.5% to $ 1,467.04 an ounce. Values reached […]
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