GBP/USD: Pivotal point at 1.2396
Blogs
Gold Forecast: Forming a Massive Triangle – 07 May 2020
Gold markets fell during the trading session on Wednesday, reaching down towards the trendline that has been intact for several weeks.
WTI Crude Oil Forecast: Stalling at 50 Day EMA – 07 May 2020
The West Texas Intermediate crude Oil market pulled back just a bit during the trading session on Wednesday as we approached the 50 day EMA.
USD/MXN: Will Bearish Pressures Reignite Corrective Phase? – 07 May 2020
Yesterday’s US ADP report showed the most massive job losses in its history, with over 20.2 million lost private-sector jobs.
NZD/USD: Can Support Zone Maintain Bullish Chart Pattern? – 07 May 2020
New Zealand’s economy is intertwined with the one of Australia, and both are heavily dependent on China.
AUD/CAD: Profit-Taking Sell-Off is Awaiting Breakdown – 07 May 2020
Australia reported an unexpected 15% surge in March exports, but the Australian Dollar was unable to benefit from it.
Pound Higher after BoE – 07 May 2020
Some optimism from the Bank of England helped to push the Pound Sterling higher against the Euro and US Dollar during early London trade today.
Bank of England Leaves Cash Rates Unchanged – 07 May 2020
The Bank of England decided to keep its cash rates on hold at 0.1 percent and decided to set its bond purchasing program target at 645 billion pounds.
Oil Prices Edge Higher After Sliding 2 Percent – 07 May 2020
Oil prices edged modestly higher on Thursday after falling 2 percent on Wednesday to snap a five-day winning streak.