AUDUSD Price Analysis – March 26 The Aussie dollar stays undeterred by the Reserve Bank of Australia’s quantitative easing (QE) plan, as AUDUSD maintains its recovery momentum steady beyond 0.5900. The price is going back to yesterday’s 0.6073-level high, now trading around the 0.5959/65 levels, so far down 0.50 percent. Key Levels Resistance Levels: 0.7031, […]
USDWTI Price Analysis – March 26 After reaching 4 days high at $25.83, WTI oil drops below $25 mark, unable to retain progress, amid generally positive market sentiment after US Congress passed the stimulus package. Oil markets appear vulnerable to fresh declines, as perceptions of growing oversupply effects outweigh the direct impact of US measures. […]
GBPJPY Price Analysis – March 25 In the last four consecutive trading days, GBPJPY went north, while in today’s session the buying intensity around the British pound grabbed pace even in the last hour and pushed the Fx cross to an almost two-week high, further to the mid-13300s level. Key Levels Resistance Levels: 147.95, 138.68, […]
XAUUSD Price Analysis – March 25 The risk-off mentality that prevailed in the markets has sparked a rebound in Gold’s price. Gold prolonged his pullback from nearly two-week tops and dropped in the last hour under the $1,600 mark briefly, but bounced back some later. Key Levels Resistance Levels: $1,703, $1,675, $1,663 Support Levels: $1,563, […]
USDCHF Price Analysis – March 24 As the anti-greenback rally of the market is in the spotlight, USDCHF extends the losses of the prior day to 0.9722 level, down 0.75 percent, during the early hours of trading on Tuesday. After the Fed revealed unprecedented steps to purchase limitless quantities of Treasury bonds and mortgage-backed securities, […]
S&P 500 Price Analysis – March 24 As markets offer US dollars, likely in response to the Federal Reserve’s (Fed) open-ended asset purchasing plan, the S&P 500 futures are flashing green in Asia into the European session. The stock futures and yields are increasing as prospects of a large spending bill on coronavirus rise. The […]
EURUSD Price Analysis – March 23 Despite the opening bell in Europe at the moment, EURUSD has now come under some selling pressure after climbing to the 1.0770 regions earlier in the session and is dropping to the area beneath the 1.0700 level. The attitude of US politicians and Europe’s desperate condition with the prospect […]
USDWTI Price Analysis – March 23 West Texas Intermediate oil prices extend the downside which started in today’s trading session since Friday. Increasing open interest combined with volatile market activity favors extra losses, well on the cards in the short-term horizon with another visit to the $20.00 level neighborhood. Key Levels Resistance Levels: $33.60, $30.21, […]
GBPUSD Price Analysis – March 22 The GBPUSD pair exited in the green on Friday but had come from a fresh multi-decade low of 1.1409 level. The pair plunged for a second consecutive week, as the response to the coronavirus outbreak from the UK government came too late. The greenback stays high on the market […]
