Lagarde pushed the euro to the downside, while US debates underpinned the USD.
Tag - technical analysis
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.
AUD/JPY is now testing the key resistance at 74.600. Jump in for the fresh analysis!
GBP/USD is trading above the key pivot point level. Further bullish momentum will trigger the market to 1.2940.
Asian stocks began the week mostly higher as the region picked up the baton from last Friday’s tech-driven momentum on Wall Street.
The number of Americans applying for initial unemployment benefits came in at a larger-than-forecast 870,000 last week, signaling that the recovery in the labor market is losing momentum as the coronavirus pandemic lingers and layoffs continue apace.
The GBP is likely to move upward until it reaches the resistance of 1.2795.
The aussie is expected to plummet for the next six months. What is the reason?
Jump in for the fresh analysis of EUR/USD, AUD/JPY, NZD/JPY and silver!
Gold is steadily plummeting for the third consecutive day. Where is the bottom? Let’s find out.