Analytics

EUR/USD: Next stop, 1.20? Overbought conditions and a vaccine scare may cause a pause

April 14, 2021 Off

EUR/USD has been riding higher after US inflation fell short of investors’ fears. The halting of J&J’s vaccine distribution may delay Europe’s exit from the covid crisis. Wednesday’s four-hour chart is showing overbought conditions. No stopping the printing press – fears that the Federal Reserve would taper its bond-buying scheme have proved premature after Tuesday’s…

By admin-445

GBP/USD set to surge above critical resistance, with additional shots in the arm

April 14, 2021 Off

GBP/USD has been benefiting from dollar weakness to advance toward 1.38. The possibility of mixing vaccines may strengthen Britain’s resilience to supply shocks. Wednesday’s four-hour chart is showing that cable is nearing critical resistance.  Mix and match – the experiment to combine doses from different COVID-19 vaccines is expanding from AstraZeneca and Pfizer to Moderna and…

By admin-445

GBP/USD: Rising from the hangover? Not so fast, as vaccine issues grip markets

April 13, 2021 Off

GBP/USD is turning down as concerns about Johnson & Johnson’s vaccines grip markets. Sterling continues benefitting from a rapid British vaccination campaign and Britain’s reopening. Tuesday’s four-hour chart is showing bears are in control. After 97 days, Brits got back to their beloved pubs – and sterling now suffers a hangover, albeit from different reasons.…

By admin-445