USD/CHF continues its December descent. The pair’s attempt to return above the 0.9845 area has failed.
EUR/USD got hit by the news
Information is not investment advice
EUR/USD met resistance at 1.1450 and turned lower. The euro was weakened on Friday by the weaker-than-expected PMI data for the key economies of the euro area. The pair broke below yesterday’s low at 1.1340, went under the 100- and 50-day MAs and may now head to the lower levels at 1.1270 and 1.1235.
The euro is weakening versus other currencies as well. Take a special look at EUR/CAD as Canada releases economic data later today and forecasts are well.
NZD/USD met resistance around 0.6565 (61.8% Fibonacci of the July-October decline, top of the October-December bullish channel).
The upside of EUR/CHF has so far been limited by 1.0975. On Monday, the pair slipped below 1.0940 resuming the decline that started last week.
S&P 500 was a gainer in 2019 with a rally of more than 25% so far. It seems like the index may show the best performance since 2013 and the third-strongest annual gain in 19 years.
An examination of how the US-China trade tensions have been influencing the USD/CNH and how to trade on it.
What are the importance of OPEC meetings and their influence on oil prices? This article examines the main factors answering this question.