What are the importance of OPEC meetings and their influence on oil prices? This article examines the main factors answering this question.
Daily Market Analysis
Information is not investment advice
USD/CHF continues its December descent. The pair’s attempt to return above the 0.9845 area has failed.
The Federal Reserve meeting is today at 21:00 MT time. Analysts widely expect the Fed to keep rates on hold at the 1.5%-2% range
NZD/USD met resistance around 0.6565 (61.8% Fibonacci of the July-October decline, top of the October-December bullish channel).
Long-term and short-term analysis of the Australian dollar's performance against the US dollar.
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.
Last week AUD/USD managed to take off from the 0.7660 area. Then it consolidated between 0.6855 and 0.6810.
What will happen to the emerging markets in 2020.
A local flirting with the resistance or a serious intention to break through? We will examine the price action of GBP against CHF on high timeframes to answer this question.
XAU/USD ran into the resistance of the 50-day MA in the 1,481.65 area. Learn more!
What will move markets at the end of the year.
The bearish bias appears to start losing power. The market reversal upwards is still to be confirmed.