February, 2021 | Forex robots store

Jobs growth likely rebounded in January, but the extent of the recovery depends on hotels and restaurants

January’s employment picture appears to have improved over December, but how much so depends in big part on the impact of the virus and restrictions on the struggling hospitality and leisure sector. The U.S. Bureau of Labor Statistics will release...

AdminFeb 5, 2021

Technical analysis of Forex market

WTI Oil Outlook: Improved Sentiment Lifts Oil Price To One-Year High

WTI oil cracked $57 barrier and hit new one-year high on Friday, lifted by hopes that economic recovery will accelerate and boost demand, while OPEC and its allies are expected to maintain supply curbs. Oil price rallies for the fifth...

AdminFeb 5, 2021

Technical analysis of Forex market

EUR/USD Outlook: Technical Studies Point To Further Weakness But US Jobs Data Likely To Be The Key Driver

Spot gold is consolidating above new two-month low ($1785) posted on Thursday after 2.2% daily drop (the biggest one-day loss since Jan 8) which broke and closed below psychological $1800 level. The yellow metal came under increased pressure from stronger...

AdminFeb 5, 2021

Technical analysis of Forex market

GBP/USD Trades At 1.3700

During Friday morning hours, the GBP/USD exchange rate pierced the weekly PP at 1.3694. It is likely that the currency pair could gain support from the 55-, 100– and 200-hour SMAs in the 1.3650/1.3684 range. Thus, some upside potential could...

AdminFeb 5, 2021

Technical analysis of Forex market

USD/JPY Tests 105.60 Level

Since today’s early morning hours, the USD/JPY currency pair has been testing the 105.60 level. It is unlikely that some downside potential could prevail in the market due to the support area formed by the 55– and 100-hour SMAs, as...

AdminFeb 5, 2021

Technical analysis of Forex market

XAU/USD Could Decline In Short Term

Yesterday, the XAU/USD exchange rate declined to the 1,790.00 level. It is likely that some downside potential could continue to prevail in the market, as yellow metal could be pushed down by the 55-hour moving average near 1,817.45. The rate...

AdminFeb 5, 2021

Technical analysis of Forex market

LTCUSD Correction Over

Litecoin appears to be looking more bullish in the short-term, following a short-lived technical correction towards the $140.00 support area. In the near-term, gains above the $160.00 level are required to gain upside momentum towards the $180.00 resistance zone. To...

AdminFeb 5, 2021

Technical analysis of Forex market

BTCUSD Holds Support

Bitcoin is starting to look ready to rally once again after bulls were able to defend key technical support, around the $36,000 area. The BTCUSD pair is currently probing towards the top of a triangle pattern and looks set to...

AdminFeb 5, 2021

Market overviews

Dollar Strong in Risk-On Markets, Non Farm Payrolls in Focus

Return of risk-on markets, after some solid economic data, pushed S&P 500 and NASDAQ to new record highs overnight. Yen and Swiss Franc trade broadly lower naturally but Euro was not far behind. Commodity currencies, while firm, are so far...

AdminFeb 5, 2021

Technical analysis of Forex market

Market Morning Briefing: Aussie Has Broken Below 0.76

STOCKS Equities continue to move up and will be coming closer to their crucial resistance in some time. So as mentioned yesterday, we would be approaching cautiously as the equities move up from here. Dow has risen above 31000 but...

AdminFeb 5, 2021

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Month: February 2021

Jobs growth likely rebounded in January, but the extent of the recovery depends on hotels and restaurants

WTI Oil Outlook: Improved Sentiment Lifts Oil Price To One-Year High

EUR/USD Outlook: Technical Studies Point To Further Weakness But US Jobs Data Likely To Be The Key Driver

GBP/USD Trades At 1.3700

USD/JPY Tests 105.60 Level

XAU/USD Could Decline In Short Term

LTCUSD Correction Over

BTCUSD Holds Support

Dollar Strong in Risk-On Markets, Non Farm Payrolls in Focus

Market Morning Briefing: Aussie Has Broken Below 0.76

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Month: February 2021

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