Analytics

EUR/USD has reasons to rise, but it may end soon

March 29, 2019 Off

EUR/USD is making an attempt to recover amid signs of improvement. A turbulent quarter comes to an end and the mood may turn again. The technical picture remains bearish for the pair. EUR/USD is making an attempt to recover. The immediate trigger has been the upbeat German Retail Sales report that showed a jump of…

By admin-445

EUR/USD depressed alongside yields, more falls to come?

March 28, 2019 Off

EUR/USD is trading around 1.1250, consolidating around the lowest levels in two weeks amid a worsening mood. German inflation and US GDP data stand out, as markets watch bond markets. The technical picture is bearish for the pair. EUR/USD is going nowhere fast, with the most recent rise above 1.1250 seeming like yet another “dead…

By admin-445

GBP/USD is stuck in the lows, just like Brexit

March 28, 2019 Off

GBP/USD is trading in the lower end of the recent range as the Brexit impasse continues.  The government and Parliament will try to find a way forward, 15 days to Brexit. The technical picture is worsening for cable.  is trading below 1.3150, at the bottom end of the recent range: 1.3140-1.3265. While markets find it…

By admin-445

EUR/USD capped by strong resistance at 1.1330

March 28, 2019 Off

 is moving up to around 1.1300 in the wake of the new week after tumbling down on Friday. Fears of a looming recession weigh on the mood. What’s next? The  shows that the euro/dollar faces tough resistance at 1.1330 where a dense cluster of resistance lines awaits it. This includes the Simple Moving Average 200-4h, the Bollinger Band…

By admin-445

EUR/USD recovery limited by fears of a recession

March 28, 2019 Off

EUR/USD is trading above 1.1300, attempting a recovery. Concerns have somewhat eased after the German IFO Business Climate.  The technical picture remains bearish for the pair. EUR/USD is trading above 1.1300, attempting a recovery after the downfall on Friday. The move higher is partly a correction and partly a response to the upbeat German IFO…

By admin-445

EUR/USD seems unable to recover beyond current levels

March 28, 2019 Off

EUR/USD is trading around 1.1300, sticking to familiar levels. The current market calm may be deceiving as worries continue mounting. The technical picture is also bearish. Volatility in  has calmed down, and the world’s most popular currency pair trades around 1.1300 once again, sticking to a limited range. Stock markets are recovering after the downfalls seen…

By admin-445

GBP/USD looking for a new direction, like Brexit

March 28, 2019 Off

GBP/USD leans lower after Parliament voted for indicative votes. A broad range of options paralyzes Sterling for now. The technical picture is directionless, just like Brexit. GBP/USD is trading around 1.3200 in choppy, yet range-bound trading. Late on Monday, Parliament voted in favor of holding indicative votes on . Many see the House of Commons taking…

By admin-445