Analytics

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

EUR/USD not oversold anymore, ready for more falls?

March 28, 2019 Off

EUR/USD extends its slump amid concerns about downside risks. Draghi’s repeat of his dovish message does not help. The technical picture is bearish for the pair.  is trading above 1.1250, bouncing from the lows, as the US Dollar takes a breather from its gains, but this may be temporary. European Central Bank President Mario Draghi…

By admin-445

OPEC’s Strategy 2019: Will Oil Princes Survive?

February 15, 2019 Off

Over the past few months, OPEC has been facing unprecedented challenges connected with certain changes on the global energy market. The trust’s 2019 strategy is aimed at production or price cuts, which are both evidently dead-end. The influence of international oil princes is becoming less pronounced. A number of large investment banks have already downgraded…

By admin-445