EUR is having hard times. Against the USD, it drops to the levels of spring-2017. Reasons?
Daily Market Analysis
Information is not investment advice
WTI oil has found support in the 49.35 area for the second time this February.
AUD is a very interesting currency among the major ones. What are its most useful peculiarities?
AUD/CHF formed a higher low on the H1. The pair may be forming something like a “Crab” harmonic pattern.
The market awaits the big moves on the release of American job data at 15:30 MT time.
NZD/USD has met the resistance of the 200-day MA earlier this week (0.6500) and closed below the 100-day MA (0.6460) on Thursday.
The coronavirus caused a plunge of the recently recovered oil. We will consider the reasons behind that and make forecasts for the upcoming moves.
Earlier this week, comments of country’s central bank had pushed AUD/USD up from the 2019 lows. Then it met resistance.
OPEC is thinking of an emergency meeting. Why is that?
The last week of January was quite shaky for the markets, as the news on coronavirus pushed investors to buy safe-haven assets and Treasuries and selling the risky assets.
Coronavirus is the theme of the day. How does it affect the gold price? What are the long-term consequences and how to trade it?
EUR/GBP formed an interim bottom in the 0.8930 area and closed above the 50-day MA at 0.8490 on Monday.