USD/TRY Outlook: Lira Rxtends Recovery On Hopes Of CBRT Rate Hike
The Turkish lira remains at the front foot against US dollar, following recent gains on risk appetite, sparked by fresh Covid-19 vaccine hopes and replacement of CBRT governor and Financial Minister. The USDTRY pair eased nearly 5% on pullback from...
XAU/USD Consolidates Near 1,880.00
Since Tuesday, the XAU/USD exchange rate has been trading sideways in the 1,880.00 area. Given that yellow metal is pressured by the 55-, 100– and 200-hour moving averages in the 1,890.00/1,914.00 range, it is likely that some downside potential could...
Market Morning Briefing: Aussie Has Broken Above 0.73
STOCKS Equities retain their strength. Though there is room to move up further crucial resistances will be coming up which can halt the rally and trigger a reversal. So as mentioned yesterday, we would be turning cautious as the equities...
EURGBP Outlook: Falls To Nine-Week Low As Pound Continues To Benefit From Fresh Risk Mode
The cross extends steep fall into second consecutive day (down so far 1.55% since Monday’s opening) and hits nine-week low at 0.8883 on Tuesday. The single currency comes under increased pressure on fresh risk appetite on vaccine news that inflate...
GBP/AUD 4H Chart: Selling Signals
The British Pound has declined by 469 pips or 2.54% against the Australian Dollar since October 30. The currency pair breached the 50-, 100– and 200– period SMAs during this week’s trading sessions. Technical indicators suggest selling signals on the...
GBP/USD Facing Hurdles Near 1.3200, Gold Price Nosedives
Key Highlights In a statement, Pfizer Inc. stated its coronavirus vaccine prevented more than 90% of infections, sparking sharp moves in the market. Gold price declined over $1,000 from the $1,960 resistance area. EUR/USD reacted to the downside, as the...
USD/CAD Decline Likely To Continue
The US Dollar declined by 66 pips or 0.51% against the Canadian Dollar on Friday. The currency pair was pressured lower by the 50– hour simple moving average during Friday’s trading session. As for the near future, bears are likely...
Joe Biden Presidency Almost a Certainty- US Dollar Levels to Watch: EUR/USD, USD/JPY, AUD/USD
US Dollar pairs may still see some volatility ahead as the election winner is announced and results are contested. As reports are now suggesting that Pennsylvania and Georgia have flipped from Trump-leading to Biden-leading, it’s becoming more and more apparent...
GBPUSD’s Hike Ceases Around Upper Bollinger Band
GBPUSD is consolidating beneath the 1.3175-1.3183 limiting border after surging off the 200-period simple moving average (SMA) and above the 50- and 100-period averages. The fairly horizontal bearing of the SMAs are promoting the neutral picture. That said, the price...
XAU/USD Skyrocketed To 1,950.00
Yesterday, the XAU/USD exchange rate skyrocketed to the 1,950.00 level. From the one hand, it is likely that some upside potential could continue to prevail in the market within the following trading session. From the other hand, the exchnage rate...
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