The West Texas Intermediate Crude Oil market pulled back significantly during the Friday session, but did bounced enough to show signs of resiliency.
Blogs
USD/ZAR Technical Analysis: Strengthening Rand – 25 May 2020
Strong bullish trend in Rand may reverse at 17.3000
EUR/USD Forex Signal: Weakly Bearish Below 1.0887 – 25 May 2020
EUR/USD: Key support level breaking down
USD/INR: Can Lack of Bullish Momentum Force New Breakdown? – 25 May 2020
At a time the global economy is in the early phases of a recession, the US is rumored to announce sanctions against China
USD/ZAR: Counter-Trend Advance Likely Before Selling Resumes – 25 May 2020
South Africa will lower its disease alert level to three on June 1st, allowing an expected eight million employees to return to work.
EUR/CAD: Will Breakdown Sequence Accelerate to the Downside? – 25 May 2020
After the release of preliminary PMI data for May, it appears the Eurozone economy has bottomed out.
USD/SGD: Double Resistance Expected to Initiate Profit-Taking – 25 May 2020
Singapore is faced with negative interest rates as the one-month swap offer rate (SOR) fell below zero last Wednesday for the first time in nine years.
USD/INR Technical Analysis – Stable Since Rate Cut – 25 May 2020
Rupee has lost value due to the growing coronavirus impact.
Trading Support and Resistance
Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of May 24, 2020.