Latest Market News
EURUSD, “Euro vs US Dollar” After finishing the descending wave at 1.0470 and forming a new consolidation range around 1.0515, EURUSD is expected to break it to the downside and reach 1.0466. Later, the market may start a new correction towards 1.0600 and then resume trading downwards with the target at 1.0515. GBPUSD, “Great Britain […]
Addressing climate change has become an urgent imperative on the agenda of global companies, not only to reduce carbon emissions and thus protect societies, but also to drive innovation that will benefit them as well. In this respect, companies play an important role to invest in solutions to protect the planet and the economy, and […]
Oil prices rose about 1% during trading today, Friday, for the fourth consecutive day, as fears of disruption of Russian supplies outweighed the closures in China, the largest importer of crude in the world, due to the outbreak of the Corona virus. Yesterday, Thursday, oil prices ended more than 3% higher, after volatile trading, with […]
AUDJPY On WatchAUDJPY price action is worth monitoring here. The recent ascent above the 94.23 level saw plenty of bearish divergence before the market topped out and corrected lower. Price is currently holding a ledge of support at the 90.76 level. While this region holds, the focus remains on a continued grind higher. However, if […]
NZDUSD Sell-Off ContinuesThe recent short trade issued in NZDUSD has hit its final target at .6450. With USD having increased significantly in the last fortnight, amidst an uptick in hawkish Fed signalling, NZD and the broader risk complex has struggled to maintain demand. Indeed, Fed tightening is coming amidst a broader backdrop of risk off […]
• EURGBP reversed from resistance zone• Likely to fall to support level 0.8310 EURGBP currency pair recently reversed down from the resistance area located between the pivotal resistance level 0.8465 (which has been reversing the price from December), upper daily Bollinger Band and the resistance trendline of the down channel from last year. This resistance […]