The EUR/USD trading pair is flat in today’s trading after seeing mixed results from various economic reports in the Eurozone. The positive German and French manufacturing PMI are still overshadowed by more negative results from the bloc. Aside from that, the recent speech of the European Central Bank President Christine Lagarde failed to buoy hopes. …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. NZDCAD The pair is perking up on the daily charts, recovering from the recent slump and breaking above its tight ranges recorded in October. For fundamentals, the Organization for Economic Cooperation and Development (OECD) …
Daily Market Charts and Analysis November 22, 2019 Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPCHF The pair is still trading sideways as traders await clearer directional drivers for both currencies. Moving averages, both long- and short-term, are heading up, with the 50-day moving average gearing to cross above …
Daily Market Charts and Analysis November 21, 2019 Read More »
The Australian money managed to recover yesterday after the November meeting minutes of the Reserve Bank of Australia was released. The greenback failed to hold on to its gains against the Aussie in the latter half of the session. Initially, the AUD went tumbling down against the US dollar and other major currencies in Tuesday’s …
Aussie Recovers, Reserve Bank of Australia Close to Rate Cut Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. AUDUSD The pair traded in the red in the latest sessions after pulling up from weekly lows. It’s now experiencing pressure near the 50-day moving average. For central bank news, the Reserve Bank of …
Daily Market Charts and Analysis November 20, 2019 Read More »
There are numerous factors which one wat or another are connected to the foreign exchange markets. However, it will take a lot of time to discuss all of them. This time, we will discuss the main external influencers of the forex market. Let’s start with the country’s economy. It is a well-known fact that the …
Yesterday, the US dollar and its indices fell in sessions as traders were still waiting for fresh news about trade war developments. Meanwhile, in its rival in Latin America, Venezuela, the president praises the greenback. The US dollar index or DXY declined by 0.10% or 0.08 points. Moreover, the US dollar index for December 19 …
The Greenback Falls, and Maduro Loves the Dollar Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURJPY The pair bounced back up after touching with the 50-day moving average level, going near its one-month high, although traders’ sentiment still appears reluctant to go full-on bullish, as the yen appeared to …
Daily Market Charts and Analysis November 19, 2019 Read More »
Venezuela’s head honcho, President Nicolas Maduro, opened his arms for the greenback on Sunday and called it an “escape valve.” The United States has long also been the long bitter rival of Venezuela, and the market was surprised as the president embraces its currency. The 53-year-old president said that the US currency could support the …
Venezuelan President Thanks the Greenback | Wibest Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDRUB The pair is sticking to its current support line, apparently reluctant to let go and go lower. At present, trading has been thin after price broke above and then reversed down from the …
Daily Market Charts and Analysis November 18, 2019 Read More »
The German economy, the bloc’s biggest, just barely managed to escape a recession in the third quarter. The surprise crawl in the eurozone’s “ailing old man” economy steadied the euro in sessions, preventing it from further diving. The single currency is trading flat against the greenback and the pound sterling after the news bolstered growth …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURSEK The pair is going on a downtrend this time after rising to multi-month highs in October. Price is now trading lower than the 50-day moving average but above the 200-day moving average, indicating …
Daily Market Charts and Analysis November 15, 2019 Read More »
This week, the Monetary Authority of Singapore stole headlines in the Asian forex market for its plans in the sector. The Singaporean central bank announced a series of plans that involve partnerships and billions of dollars. But amidst all this, traders ask what the central bank’s next move will be. Well, before October ended, the …
What’s the Next Move of The Monetary Authority of Singapore? Read More »
The Monetary Authority of Singapore continues to attract press after its billion-dollar program and plans to partner with financial agencies. Meanwhile, the Singaporean dollars to USD dollars exchange rate holds steady. Earlier this week, Singaporean Central Bank announced that it has put up a $2 billion green investment program. This will enable the people to …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPBRL The pair is continuing an uptrend in the latest trading session, with the price recently recording higher highs in sessions and higher lows. The next swing in price will be a downswing, with …
Daily Market Charts and Analysis November 14, 2019 Read More »
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