The West Texas Intermediate Crude Oil market has been going back and forth during the trading session on Monday, but it was also Memorial Day,
Blogs
USD/MXN: Brief Counter-Trend Rally to Ignite Steeper Correction – 26 May 2020
Mexico’s President Lopez Obrador believes the economic slowdown in China will benefit his country, entice a spike in foreign investment,
USD/JPY: Will Resistance Zone Inspire a Profit-Taking Sell-Off? – 26 May 2020
Despite new Covid-19 infections surging across the globe, financial markets remain disconnected from fundamentals.
AUD/USD: New Breakout Sequence Forming Below Resistance – 26 May 2020
Australia attempts to utilize the Covid-19 pandemic as a catalyst to achieve economic sovereignty.
USD/JPY Technical Analysis: During an American Holiday
Throughout last week’s trading, the USD/JPY pair was moving inside the bullish channel, but it often lacked the momentum to strengthen this trend.
Gold Technical Analysis: Where Will Gains Reach?
Gold is trying to recover recent losses, which during the past week's trading, extended to the $1717 support, bouncing back to the $1740 resistance and settled at the $1733 at the beginning of this week's trading.
GBP/USD Technical Analysis: The Bearish Path is Not Over
The GBP/USD pair has returned to move within the descending channel, with losses that reached it to the 1.2161 support, where the pair is stable around the time of writing, and at the beginning of this week's trading.
EUR/USD Technical Analysis: Ahead of the German IFO
The Euro price dropped against most other major currencies at the end of last week’s trading, amid deteriorating investor sentiment as tensions between the United States and China escalated and China decided not to set a target for economic growth for 2020 due to the coronavirus pandemic.
When Are the Best Times to Trade Forex?
Getting your timing right is an important part of trading Forex profitably. In this article, I show with supporting data which have been the most profitable times to trade depending upon whether you are: A day trader or longer-term swing / position trader, and Using a trading strategy which relies upon trend / momentum or […]
Trump vague about potential sanctions on China, says will have more by end of the week
US President Trump was asked about potential sanction on China over Hong Kong. – Says doing something about it but did not provide detail – says will hear more about US sanctions on China by the end of the week