
Let's trade exotics. The Russian ruble and the Mexican peso may gain some value against the US dollar in the short-term.
Don’t waste your time – keep track of how NFP affects the US dollar!
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After reaching 1.2170 at the beginning of the week, EUR/USD corrected downwards and has been in a fluctuating consolidation below that level. Technically, 1.2170-1.2180 is the resistance channel that saw the currency pair come there a week ago. Before that, the last time EUR/USD was that high was in only December 2017 – February 2018. That means this resistance area is very strong and tactically important. It may send EUR/USD downwards to the support of 1.2060, but 1.21 would need to be crossed first. Even if EUR/USD eventually goes upwards to march at 1.22, this downward correction is possible just from a technical “fairness”. The likelihood of a downward scenario increases if Brexit turns out to be a no-deal. So watch Brexit, and watch EUR/USD against the resistance area 1.2170-1.2180 – a bounce off is very possible.
Let's trade exotics. The Russian ruble and the Mexican peso may gain some value against the US dollar in the short-term.
Getting down to 1 845, gold seems to be in no hurry to reach the peaks it left recently. No problem, we can wait...
President Joe Biden is expected to sign a new “Buy American” order, underlining the essential continuity of US trade policy despite the radical change of tone expected from Donald Trump’s administration.
Let's trade exotics. The Russian ruble and the Mexican peso may gain some value against the US dollar in the short-term.
Getting down to 1 845, gold seems to be in no hurry to reach the peaks it left recently. No problem, we can wait...
The UK multinational investment bank HSBC advised its clients to sell the pound in 2021.
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