The USD is trading at its 7-week low, and it looks like it will continue falling further. Why?
Tag - fundamental analysis
Gold is steadily plummeting for the third consecutive day. Where is the bottom? Let’s find out.
Bank of England will make a policy statement on Thursday at 14:00 MT (GMT+3). It’s widely expected that the bank may taper its quantitative easing programme, by cutting asset purchases.
Another all-time high has juts been reached by the famous crypto asset. What next? $100,000?
The market sentiment is mixed, but still, there are some interesting movements. Let’s have a closer look.
Stock significantly surged: S&P 500 and Nasdaq reached 6-week highs. The market sentiment may deteriorate today as Johnson & Johnson’s Covid-19 vaccine trails have been stopped because of the unexplained illness.
The new Covid-19 strain has been found in the United Kingdom. The market sentiment immediately worsened after the report and pressed EUR/USD down.
Most analysts claim EUR/USD will dip to 1.2000. After that, the pair should reverse to the upside.
XAU/USD has been falling due to market optimism. Will it keep moving down?
GBP/USD is climbing upward. The break out above 1.3500 will drive the pair to multi-year highs.
GBP/USD is now poised to retest the key support level at 1.3000. Jump in for the technical analysis!
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.