GBPUSD 1.3500 Now Key
The British pound is attracting strong buying demand on pullbacks against the US dollar currency towards the 1.3300 support zone. Lower time frame analysis shows that a breakout above the 1.3400 level exposes the GBPUSD pair to further gains towards...
GBP/USD: Risk Mode Keeps Cable Inflated for Renewed Attack at 1.34 Resistance Zone
Cable continues to tick higher and looks for fresh attack at 1.34 barrier, after Monday’s attempt was strongly rejected. The sentiment remains positive as start of transition of power in the White House and growing optimism for Covid-19 vaccine boosted...
Market Morning Briefing: Dollar-Yen Trades Stable
STOCKS Positive sentiment on the back of getting a vaccine for Covid-19 and a smooth power transition in the US are keeping the risk appetite in the market high. But we continue to remain cautious on equities as crucial resistances...
New Zealand Asks for Help, NZD Likes It: NZD/USD, NZD/JPY, EUR/NZD
Early in today’s Asian session, New Zealand’s Finance Minister Grant Robertson wrote to RBNZ Governor Orr and asked him to factor in house price stability when considering monetary policy. As a result of lower interest rates, housing prices in New...
GBP/USD Outlook: Bulls Pressure 1.34 Barrier And Eye 2020 High, Inflated By Rising Risk Appetite
Cable rises towards 1.34 barrier on Tuesday after strong upside rejection on Monday (1.3397 was new 11-week high), lifted by fresh risk appetite on signals that President Trump’s administration gave a green light for transition of duties to President-elect Biden....
Market Morning Briefing: Euro Also Fluctuated Within 1.1906-1.18
STOCKS Trump’s administration beginning the power transition process and the news that Biden’s choice for the Treasury Secretary is Janet Yellen, former Fed Chair, is keeping the sentiment positive in the market. However, we retain our cautious stance as we...
Pound Still Has Hope
The British Pound is looking quite confident against the USD despite the Brexit complications and the fact that there is too little time left for negotiating the trade agreement. Of course, there is some progress but the question is whether...
NZD/USD Analysis: Pressure By 50– Hour SMA
The New Zealand Dollar edged higher by approximately 40 basis points or 0.69% against the US Dollar on Friday. The 50– hour simple moving average guided the currency pair during Friday’s trading session. Everything being equal, the exchange rate could...
Canadian Retail Sales Impressive, but It Doesn’t Matter: USD/CAD, WTI
Canada Retails Sales released earlier were the economic highlight of the day for the North American trading session, and the data was impressive! Retail Sales rose 1.1% vs an expectation of 0.2% and a previous number of 0.5%! Ex-Autos, the...
WTI Oil Outlook: Oil Price Maintains Bullish Bias But Negative Impact From New Wave Of Virus Limits Gains
WTI oil price jumps above $42 on Friday, focusing November’s peak at $43.03. Overall sentiment remains positive as the contract is on track for the third consecutive weekly gain, although the upside attempts remain limited on oversupply, demand concerns over...
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