GBP/USD Skyrocketed To 1.3120
Yesterday, the GBP/USD exchange rate skyrocketed to the 1.3100 level. During Friday morning, the rate tried to surpass the 1.3120 level. From the one hand, it is likely that some downside potential could prevail in the market. In this case...
EUR/USD Trades At 1.1035
On Thursday, the EUR/USD currency pair broke the short-term descending channel. During today’s morning, the pair was trading near 1.1035. Note that the exchange rate gained support of the 55– and 100-hour SMAs at 1.1018. Thus, it is likely that...
GBPCAD Bullish At Six-Week Highs, Indicators Remain Positive
GBPCAD has gained this week but it managed to still hold within the Ichimoku cloud in the daily timeframe. The price ran to a fresh six-week peak today at 1.7376, climbing above 1.7340, which is the 23.6% Fibonacci retracement level...
GBPUSD Recovery Continues
The British pound has continued to recover higher against the US dollar this morning, placing the 1.3170 resistance level back into focus. Sustained gains above the 1.3135 level should help encourage buyers to test towards the GBPUSD pairs former weekly...
USDJPY Back To 109.00 Pivot
The US dollar has returned to the pivotal 109.00 level against the Japanese yen currency, after the pair bounced from the 108.58 support level. Going forward, further weakness in the USDJPY pair should be expected while price trades below the...
EU Morning: Respite
A glorious day The day has finally come for the UK to leave the EU and turn the page on a very long chapter of Brexit that’s taken parliament a little over four years. Once it ends, however, the UK...
Yen and Swiss France Consolidate ahead of Weekend, Await Coronavirus Outbreak Developments
Sterling remains firm today and continues to trade as one of the strongest after yesterday’s BoE hold. Yen and Swiss Franc turn mildly softer but stay as two of the strongest too, on risk aversion. Commodity currencies turned mix, digesting...
Market Morning Briefing: EURJPY Is Trading Near 120
STOCKS Major indices like the Dow need to surpass a key near-term resistance in order to become bullish again. Until then the danger is still alive of seeing a sharp fall. We will have to wait and watch. DAX is...
US weekly jobless claims fall; prior week revised sharply higher
Job seekers wait in line to speak with representatives during a Choice Career Fair in Los Angeles. Patrick T. Fallon | Bloomberg | Getty Images The number of Americans filing for unemployment benefits fell last week, pointing to continued labor...
Responsible finance: Goldman pushes change
Goldman Sachs continues to lead on environmental, social and governance issues. In December it announced it will be investing $750 billion in the next decade to fight climate change. Then, at Davos, chief executive David Solomon declared that from July...