USD/RUB and USD/MXN: bouncing downwards
Let's trade exotics. The Russian ruble and the Mexican peso may gain some value against the US dollar in the short-term.
EUR/USD: a mirror downwards?
Information is not investment advice
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.
Gaspar Markosyan
Similar
Gold: no rush to the upside
Getting down to 1 845, gold seems to be in no hurry to reach the peaks it left recently. No problem, we can wait...
Dollar regains some ground
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.
Popular
USD/RUB and USD/MXN: bouncing downwards
Let's trade exotics. The Russian ruble and the Mexican peso may gain some value against the US dollar in the short-term.
Gold: no rush to the upside
Getting down to 1 845, gold seems to be in no hurry to reach the peaks it left recently. No problem, we can wait...
HSBC: "outlook for GBP is not promising"
The UK multinational investment bank HSBC advised its clients to sell the pound in 2021.
Choose your payment system
