EUR/USD: Former support at 1.0814 has been invalidated
Blogs
Silver Forecast: Markets to Test Top of Consolidation – 12 May 2020
Silver markets have gone back and forth during the trading session on Monday, testing the $16.00 level, an area that of course is a major barrier.
USD/INR Forecast: Continue Consolidating Against Rupee – 12 May 2020
The US dollar has rallied significantly during the trading session on Monday against most currencies, including the Indian rupee.
'Gold Forecast: Markets Continue in Triangle – 12 May 2020
Gold markets have been somewhat choppy during the trading session on Monday, as we continue to see a lot of back-and-forth trading within the larger symmetrical triangle.
WTI Crude Oil Forecast: Pressing Resistance – 12 May 2020
The West Texas Intermediate Crude Oil market try to rally initially during the trading session on Monday but pulled back from the 50 day EMA.
AUD/USD: Minor Correction Likely to Lead to New Breakout – 12 May 2020
Australia moved the timetable to ease the nationwide lockdown forward by several months, despite elevated risks for a potential second wave of Covid-19 infections.
NZD/CHF: Will Misplaced Optimism Fuel Safe-Haven Demand? – 12 May 2020
New Zealand’s 2020 budget will fulfill a critical role as it is likely to shape the future of the country for decades to come.
USD/JPY: Global Risk Complacency to Accelerate Breakdown – 12 May 2020
After Japan implemented an unprecedented ¥117.1 trillion stimuli in response to the Covid-19 pandemic, the Abe government is considering additional steps
USD/JPY Technical Analysis: Bears Are Still in Control
American job figures in the Coronavirus era completed the bleak picture for the US economy, and increased pressure on the US currency, and therefore it was natural for markets to push the USD/JPY price towards the 105.98 support.
Gold Technical Analysis: Ready For Stronger Gains
The call to open the world economy did not prevent the price of gold from maintaining its gains near its highest level in more than seven years.