USD/JPY Analysis: Trades Below 105.40
On Thursday, the USD/JPY currency pair tumbled significantly to the weekly PP at 105.12. During today’s morning, the pair was testing the given level. It is likely that a reversal north could occur in the nearest future. In this case...
GBP/USD Analysis: Supported By 55– And 100-Hour SMAs
Since yesterday, the GBP/USD exchange rate has been piercing the upper line of the medium-term descending channel. Given that the currency pair is supported by the 55– and 100-hour SMAs in the 1.2880 area, it is likely that some upside...
EUR/USD Analysis: Revealed Ascending Channel
On Thursday, the EUR/USD currency pair revealed a short-term ascending channel. From a theoretical point of view, it is likely that the exchange rate could continue to extend gains within the predetermined channel in the nearest future. In this case...
GBP/USD Outlook: Cable Extends Its News-Driven Wide Swings
Sterling remains highly volatile and extends its yo-yo ride on Friday, sparked by Brexit talks news on Thursday and this morning’s shocker on President Trump’s positive test for coronavirus. Cable fell to the session low (1.2836) on announcement but quickly...
Asia is the new battleground for European transaction banking
Asia is the fastest-growing transaction banking market globally, as banks vie for cash and trade business beyond their core remit. European banks are particular attracted to the region, as corporates based in Asia hope to diversify away from Asian and...
USDJPY Outlook: Safe-Haven Yen Benefits From Fresh Uncertainty On Trump News
The pair fell 0.5% on Friday morning after news that President Trump and his wife tested positive on Covid-19. Traders moved into safe-haven yen on rising uncertainty that sparked risk aversion in the market. Fresh weakness probed below important supports...
Risk-Off on First October Surprise, Trump Tested Positive for COVID
Markets suddenly turned into a risk-off mode on the first October surprise. US President Donald Trump and wife Melania had tested positive for coronavirus. Both were going to quarantine with Trump’s scheduled cleared of all travels. Yen surges broadly as...
RBA Preview: Preparing the Market for Rate Cut and QE Expansion
RBA will likely use the opportunity of the upcoming meeting to prepare the market for more monetary easing in November. The stimulus measures due later this week should include reduction in the cash rate, yield curve control (YCC) target and...
US Dollar Strengthens Ahead Of Nonfarm Payroll Data
The US dollar strengthened as traders reacted to mixed economic data from the United States. Data released yesterday showed that initial jobless claims dropped to 837k in the previous week. That was the lowest reading since March. Other data by...
Latest layoffs do not signal a collapsing labor market, top economist Michael Darda suggests
Layoffs in several of the nation’s biggest industries are making headlines this week. The list includes Disney eliminating 28,000 employees connected to the coronavirus theme park shutdowns, United Airlines and American Airlines collectively planning to put 32,000 workers on furlough, and insurer Allstate...
Signal2forex.com - Best Forex robots and signals




