AUDUSD Price Analysis – May 7 AUDUSD continues reversal from recent lows thereby pushing buyers close to 0.6462 level, up 1.00 percent on the day, into European session on Thursday from the Asian Session. Figures from the Aussie market were the new impetus for the pair’s U-turn following risk-off sentiments. With Australia expected to reopen […]
EURUSD Price Analysis – May 7 The US dollar stayed in demand for the fourth day in a row and continued to exert downward pressure on the EURUSD pair. The FX spot trades horizontally beneath 1.0800 level at press time. Given the effects of the coronavirus disease outbreak, the European Commission said that in 2020 the GDP […]
GBPUSD Price Analysis – May 6 The GBPUSD pair eventually broke down the consolidation stage of its Asian session and in the last few hours crashed to over one-week lows, along the 1.2360 marks. The initial reversal was motivated by some follow-up bullish activity in the US dollar, that stayed widely sustained by its position […]
XAUUSD Price Analysis – May 6 Gold keeps breaking the level of $1,700 for 3 days in a row, marking a decline of 0.27 percent on the day, having achieved a $1,708 high earlier this morning. All that being said, the precious metal also is shifting between the triangle formation and trendline of three weeks. Thus […]
USDCHF Price Analysis – May 5 Throughout the pre-European session on Tuesday, USDCHF holds fast to marginal gains of 0.5 percent thus moving rounds past 0.9700 levels into American sessions. By so doing, the pair is increasing rebound earnings from Friday’s low level of 0.9589, and also from the base of five weeks. The latter […]
S&P 500 Price Analysis – May 5 Yet again, the S&P 500 has managed to hold on to a closing rebound from its rising 13-day average, presently seen at 2880 levels. S&P 500 seems to be seeking its initial significant break following a 35 percent recovery from the lows. The World Health Organization (WHO) stays […]
EURUSD Price Analysis – May 4 At the weekly start, the EURUSD pair pulled back lower, as the market jump-started in the risk-off mood on Monday. After the Asian session, the pair’s slump was apparent, though the pair gained little support near 1.0930 level amid London trading hours, while bottoming at 1.0922 level. European data […]
USDWTI Price Analysis – May 4 The current forward term is rising to USDWTI’s level of $27.40 after bouncing off lows for June WTI, this week with the shift in movement path reinforces market centered on the demand transition level; seeking to slowly remove transportation constraints in major economies. Key Levels Resistance Levels: $29.11, $27.40, $24.50 […]
GBPJPY Price Analysis – May 3 As GBPJPY pulls back from the multi-day top, it reverses to level 133.47, down 0.75 percent in the previous session, amid recent risk-off. While doing so, the pair do seem to have dismissed pessimistic Japanese GDP projections and the Asian nation’s weak figures. Key Levels Resistance Levels: 147.95, 139.18, […]
