Currently, the precious metal trades in the zone of 7-year highs. How far away is the all-time high?
Daily Market Analysis
Information is not investment advice
The volatility in USD/MXN has jumped. The pair is correcting up within the downtrend, which has been in place since September.
GBP/USD had been rejected down from the 200-week MA in the 1.3033 area. Then it fell below the 100-week line at 1.2950.
It’s not surprising that investors prefer the USD to the EUR and sell EUR/USD. Different approaches of the European Central Bank and the Federal Reserve stresses the situation.
JPY keeps losing grounds against the USD. What factors stand behind that?
NZD/USD has once again found support in the 0.6830 area. The price action on the H1 chart strongly resembles an inverted “Head and Shoulders” pattern.
Have a look at this rising curve. You think it's Tesla? No; palladium.
Coronavirus keeps disturbing China, and the world. Consequently, gold keeps rising. Reaching $1,600 is "if" or "when"?
The Turkish Central Bank is on a rate-cutting path; on February 19 it will make another announcement. What's the logic behind?
WTI oil has reached our previous targets. On the W1, a big bullish candlestick engulfed the previous bearish one.
Against the British pound, the euro is definitely not doing well this Friday. What's going on?
EUR/NZD formed a “hanging man” pattern on the W1 and went down to trade below the 100- and 50-week MAs.