EURUSD 1.1200 SUPPORT The euro is starting to retrace lower against the US dollar after finding strong technical resistance from just above the 1.1350 level. The EURUSD could now stage a major technical test of the 1.1200 technical area...
Coronavirus response The US Federal Reserve issued an emergency 50 basis point interest rate this week as the central bank reacted to the potential economic implications of the coronavirus. The 50 basis point rate reduction was the first emergency...
The price of crude oil tanked today as Russia rejected steeper supply cuts that OPEC had suggested. In a ministerial meeting yesterday, OPEC leaders agreed to cut 1.5 million barrels a day until the end of the year. A...
US stocks bounced back as traders reflected on the Fed rate cut, Joe Biden surge, and positive economic data. The Fed slashed rates by 50 basis points on Tuesday as officials saw a material change in the US economic...
EURUSD CORRECTION UNDERWAY The euro has started to correct lower against the US dollar after bulls were repeatedly unable to break above the 1.1200 resistance barrier. Sustained losses below the 1.1120 level could trigger the start of a much...
USDJPY ON THE RISE The US dollar continues to edge higher against the Japanese yen currency as global stock markets attempt to recover from last weeks heavy sell-off. If the USDJPY pair rallies towards the 108.58 level it could...
ETHUSD $205.00 SUPPORT Ethereum remains trapped in a narrow price range on Thursday as bulls struggle to move price towards the $238.00 level. The ETHUSD pair continues to trade above its 200-day moving average and should eventually push higher...
Global stocks rose today as investors reflected on Super Tuesday and on the rate cut by the Federal Reserve yesterday. Joe Biden won most states in the nominations that happened yesterday bringing hope that he will win the democratic...
EURUSD PATTERN FORMATION The euro is still holding onto recent gain against the US dollar, although bulls are struggling to move price above the 1.1200 level. The daily time frame shows that a large inverted head and shoulders pattern...
USDJPY BOUNCE POSSIBLE The US dollar is starting to recover higher against the Japanese yen currency after finding strong technical support from the 106.85 level. If bulls can hold price above the 107.50 level the USDJPY pair could start...
