Blogs

What Crazy Times We Live In

Forex

<p>Stock markets are back in the red on Tuesday afer Wall Street endured a shaky start to the week and oil left everyone gobsmacked as it ventured into uncharted territory. Oil clearly stole the show on Monday as WTI not only ventured into negative territory for the first time ever, it did so in style, […]

EUR/USD Tests Local Support

Forex

<p>On Monday, the EUR/USD currency pair consolidated in the 1.0870 area. During today’s morning, the pair declined to the 1.0840 mark. Given that the exchange rate is pressured by the 55– and 100-hour SMAs near 1.0865, it is likely that some downside potential could prevail. Note that the rate would have to surpass the weekly […]

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