Day: November 20, 2023
On Monday, the BTC exchange rate saw an increase to 37,215 USD. The weekly appreciation appears symbolic, falling just short of 1%. The daily surplus amounts to 1.8%. From a technical standpoint, the market is firmly heading towards 38,000 USD. A consolidation above this level could pave the way for a further rise to 42,000 […]
The primary currency pair is hovering near a two-month peak this Monday. The current EURUSD exchange rate stands at 1.0922. Market expectations have turned against the US dollar. Following the release of a series of weak macroeconomic reports in the previous week, including the inflation report, investors have begun to contemplate the outlook for monetary […]
EUR On the Up The dominant theme across markets as we kick of the new week Is the ongoing correction lower in USD. With the greenback under heavy selling pressure, we’re seeing a cross-asset recovery underway. In the FX space, high yielders such as AUD and NZD has been the standout winner. However, currencies such […]
CCY Currencies Rallying Commodity currencies are seeing a strong start to the week across early trading on Monday. With the US Dollar still in decline following last week’s softer-than-forecast October CPI data, high-yielding currencies are benefiting nicely. Headline US inflation was seen cooling to 3.2% from 3.7% prior last month. This drop has been deemed […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rising within a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2445 is expected, followed by a rise to 1.2605. An additional signal confirming the rise will be a rebound from the lower […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be 1.3780. Next, the price has a chance to break the resistance level and extend the uptrend. However, the quotes could pull back […]