Should we expect further lows or it is just the short-term recovery of the Chinese currency? Let’s hear the analysts’ opinions.
Daily Market Analysis
Information is not investment advice
Trump vs Biden. Does the USD win anything in this battle?
US final GDP for 2Q -31.4%% vs -31.7% estimate
ADP, US GDP, Chicago PMI and Canadian GDP – all numbers exceeded expectations. Which currency will outperform? Let’s try to find out.
EUR/CAD may get down to the bottom of the September sideways channel if bears keep pressing.
Lagarde pushed the euro to the downside, while US debates underpinned the USD.
Asian shares crept higher on Wednesday after data showed China's economic recovery gathering steam, but a chaotic first U.S. presidential debate between President Donald Trump and Democrat Joe Biden weighed on the mood.
USD/JPY has been rising for almost a week except for Monday, but the strong resistance of the 50-day moving average at 105.80 may stop it from moving higher.
BoA released the report with the bullish forecast for the S&P 500 and shared its technical analysis. Let's discuss it in detail.
EUR/USD has violated the first resistance trendline area 1.1680
European shares slipped on Tuesday as investors awaited the first U.S. presidential debate and eyed progress of a fiscal stimulus package in Washington
EUR/USD has violated the pivot point and stands next to the resistance area 1.1680