Blogs

Oil prices were broadly higher on Tuesday afternoon in Asia as traders remained optimistic that continued economic reopening in countries around the world would increase demand

There was no movement of the USD/JPY pair in the beginning of this week’s trading, as the performance remained between the 107.54 level and the 107.77 level throughout Monday trading. In the beginning of Tuesday’s trading, the pair settled around the 107.72 level.

Gold price gave up some of its gains in the beginning of this week’s trading, as it fell from the $1733 resistance, reaching the 1721 support before settling around the $1726 level in the beginning of today’s trading.

For five consecutive trading sessions, the GBP/USD pair has been moving in a very limited and narrow range with a downtrend, and this performance technically foreshadows a strong movement coming in either direction.

A quiet start to the EUR/USD pair in a limited range between the 1.0870 support and the 1.0914 level, despite the announcement of a positive German IFO index reading.

AUD/USD: New 2-month high price

USD/JPY: Weakly bullish with low volatility

Retail demand pushed equity markets into resistance levels, while institutional activity remains subdued, as evidenced in the lack of volume during this bear market rally.

BTC/USD: Price is ranging over the long term

GBP/USD: Price is clearing trend line and 1.2250 so far