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, […]
GBPUSD Price Analysis – May 3 After hovering with April’s monthly peak, the GBPUSD pair retracted rapidly at the later part of the week ending at 1.2487 level. The April UK Markit Manufacturing PMI has been adjusted down to 32.6, worse off than estimated, whereas in March, Consumer Credit plummeted to £-3.8 B. PM Johnson was […]
EURJPY Price Analysis – May 1 EURJPY continues the rebound off prior lows closer to 115.54 level to the current region past 117.00 level, in which some sellers might be present. Searching at the wider context, downside momentum in the 119.00 regions is predicted to lose some traction on an exceed of April highs. Key […]
EURUSD Price Analysis – May 1 The Euro holds upbeat tone and consolidates to 1.0984 level in early Friday’s session towards the key level at 1.0990 under the fresh two-week top. For the third straight session this week so far, EURUSD is making headway, gaining momentum due to an increased dollar loss as a result of month-end trades. […]
AUDUSD Price Analysis – April 30 The AUDUSD pair tumbled beneath the main 0.6500 psychological level to new daily lows, however, it quickly regained a few pips later. This combined with a lighter tone across the equity markets largely fuelled the relative safe-haven status of the greenback against the supposed potentially risky currency – the Australian dollar – […]
