ETH/USD 4H Chart: Pressure By 50-Hour SMA
The Ethereum cryptocurrency has been trading between the upper and lower boundaries of a horizontal channel for the past week. The 50-hour simple moving average was providing resistance for the pair at 110.3 during the previous trading sessions. Everything being...
WTI Oil Outlook: Oil Price Remains Pressured But Key Supports Still Hold
WTI oil ticked lower on Friday but holds above Thursday’s low at $51.78, posted after nearly 2.5% daily fall. Oil remains at the back foot following double-failure at pivotal $55.55 Fibo barrier (38.2% retracement of $76.88/$42.36 descend), with negative sentiment...
EURUSD Under Bearish Attack
The euro has fallen to a fresh monthly trading low against the US dollar during the European trading session, as German bond yields come under pressure. If sellers can break the 1.1300 level, the 1.1280 level is the next major...
USDJPY Bulls Still In Charge
The US dollar is trading in a narrow range against the Japanese yen currency on Friday, although the overall bullish bias in the USDJPY pair remains intact as price still trades comfortably above the 109.60 level. The bullish inverted head...
What is Leverage in Forex? Forex Leverage Explained
Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Traders of all levels should have...
EUR/USD Watch 1.1300
Pivot (invalidation): 1.1360 Our preference Short positions below 1.1360 with targets at 1.1320 & 1.1300 in extension. Alternative scenario Above 1.1360 look for further upside with 1.1380 & 1.1400 as targets. – advertisement –
Comment As Long as 1.1360...
RBNZ Preview – Turning More Dovish while Affirming Next Move Can be Up or Down
We expect RBNZ, at next week’s meeting, to leave the OCR unchanged at 1.75% and downgrade its economic growth forecasts. We believe the tone would tilted to the dovish side as both global and domestic environment deteriorated since November. Increased...
Yen Rises as Trade War Concern Resurfaces, RBA Hammers Aussie Again
Global markets are in mild risk averse mode on concerns over US-China trade talk. That came after Trump said he will not meet Chinese President Xi this month to complete the trade agreement. Yen and Swiss Franc are trading as...
BOE Downgrades Growth and Inflation Forecasts, Expects Fewer Tightening Despite Retaining Forward Guidance
BOE joined other central banks in downgrading the economic growth outlook. In addition to heightened risks of global growth slowdown, ongoing Brexit uncertainty is the key concern for the members. The members voted unanimously to keep the Bank rate at...
Market Morning Briefing: Aussie Is Headed Towards 0.70
STOCKS Renewed concerns on the US-China trade war has taken some profits off the table from the US equities. A downward revision in growth from the Bank of England and the European Union have triggered a sharp fall in the...
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