AUDUSD Price Analysis – October 29 AUDUSD clings to former trading zones aimlessly while gliding into a sideways market towards the 0.7000 level. The current uncertainty surrounding the coronavirus pandemic might continue to lend some support to the greenback’s status as the global reserve currency. Also anticipated RBA interest rates cut in November might hold […]
EURUSD Price Analysis – October 29 The single currency EURO came under pressure towards the 1.1685 level on a fresh wave of risk aversion. EURUSD sheds ground for the fourth consecutive session and managed to stabilize above the 1.1695 level after falling on Thursday amid the ECB monetary policy meeting. Key levelsResistance Levels: 1.2011, 1.1917, […]
GBPJPY Price Analysis – October 28 The GBPJPY cross has come under fresh selling bias during the American session and plunged to 14 days low beneath the 135.00 level. Persistent Brexit-related concerns add to selling bias while keeping the GBP lower forcing investors to take refuge in the safe-haven Japanese yen. Key LevelsResistance levels: 144.95, […]
EURCAD Price Analysis – October 28 The Canadian dollar continues to outperform amongst G10 currencies with EURCAD staying in a sideways market beyond the 1.5550 level. EURCAD is in buyers’ territory and well on its way for prospects of a higher high. However, the Bank of Canada (BoC) policy update should be modestly CAD supportive. […]
XRP/USD Market October 28 An increase in the bears’ pressure will further decrease the XRP price to the $0.23 level, suppose the last-mentioned level does not hold, the price will test the $0.22 which may finally place the price at the $0.21 level. In case the $0.23 holds, the bullish trend may continue and the […]
USDCHF Price Analysis – October 28 The USDCHF extends the positive traction beyond the 0.9100 level while the pair attempted to break above the top for the third day in a row. The emergence of buyers around the US dollar-backed the surge and seemed somewhat unaffected by the prevalent risk-off situation. Key LevelsResistance Levels: 0.9241, […]
S&P 500 Price Analysis – October 28 S&P 500 declines under 3350 level while flashing red on renewed coronavirus concerns and fading prospects of additional fiscal stimulus deal. At press time, the S&P 500 futures are down over 0.85% at the 3349 levels. S&P 500 has seen a sharp sell-off and a daily close beneath […]
ADA Price Analysis – October 27 An increase in the bears’ pressure may lead to the penetration of the $0.10 support level which may drop the price to $0.08 and $0.07 price level. The decrease in the bears’ momentum may prevent the breakdown of the $0.10 support level and this may push up the price […]
When it is about investing in Bullion markets, there are primarily three ways about how to invest in gold. The investors can choose from one of the below: – Purchase the metal itself– Invest in shares of ETF [Exchange-traded fund] that replicates the gold price– Trade future and options in the commodity market – mostly […]
