European Markets Look to Follow Asia's Positive Lead
Risk looking positive as we enter European session.
Technical Analysis
In-depth technical & fundamental analysis for currencies & commodities
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GOLD and SILVER Lose Strength
XAG/USD: Silver stands above the 23.6% retracement area. An indecision still exists.
British Pound Continues to Struggle to Get off the Floor
GBP/USD is now poised to retest the key support level at 1.3000. Jump in for the technical analysis!
ECB Decision
ECB September forecasts see higher inflation in 2021, Lagarde says that there is no need to overreact to euro gains.
USD/MXN: retrocession
The Mexican peso can have a breather as the USD is losing its grip. Read the article and use what you see.
Markets Looking for Direction
With no major U.S. economic reports scheduled for release today, the U.S. dollar is set to take its cue from political and pharmaceutical headlines.
ECB Monetary Policy Time
EUR/JPY: The pair is trading in a bullish sentiment above the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bullish momentum.
Risk Appetite Returns
Global markets again went their separate ways, with the Japanese, Korean and Chinese markets all falling heavily while European ones rose. Oil prices rebounded overnight as a degree of stability returned to risk assets.
USD/CHF: bullish prospects
The rout in tech stocks in the US over the last day has been a stiff test of nerve for European markets but one to which they appear to be equal, at least for now.
Risk Averse Lead Markets
Asian equity markets were lower across the board amid strong headwinds from Wall Street where the tech rout intensified on return from the long weekend.
Risk Off Gains Momentum!
Gold continues to stand below the 23.6% retracement area. Bears gain strength.
GBP/JPY: upward headwinds
Is the British Pound likely to crush the long-term resistance against the JPY?