<p>The euro currency is up over 0.90% intraday on Tuesday. The gains come following the common currency holding on to the support at 1.0787 level. The Stochastics oscillator is hinting a possible pullback. If a higher low forms, there is scope for the euro to accelerate the gains. The next main target to the upside […]
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GBPUSD Floor May Be In Place
<p>The British pound has started to recover higher against the greenback after briefly dropping below the 1.2200 support level. A medium-term price floor may now be in place and GBPUSD bulls could start to target towards the 1.2600 technical resistance area. A sustained loss of the 1.2150 level and the GBPUSD pair could easily start […
EURUSD Still A Buy
<p>The euro currency is holding steady against the US dollar after recently staging a strong rally towards the 1.0900 resistance level. If EURUSD bulls can gain traction above the 1.0900 resistance level, then a stronger rally towards the 1.0980 level should be expected. Traders are also aware that a bullish double-bottom pattern is now in [&
EUR/USD: Three downers
Three dark clouds are gathering over the EUR/USD pair, pointing to the downside, FXStreet’s analyst Yohay Elam informs. Key quotes “After 16 hours of
EUR/USD recedes from tops beyond 1.0900, focus on Eurogroup
The single currency is trading on the defensive in the middle of the week, with EUR/USD returning to the mid-1.0800s after hitting tops beyond 1.0900
USD/CHF eases from tops, drifts back closer to 0.9700 mark
The bid tone surrounding the greenback assisted the USD/CHF pair to hold comfortably above the 0.9700 mark, albeit the intraday uptick lacked any stro
Coronavirus: The weekend effect
Delays in administrative work over the weekend may create false optimism on Mondays while catch-up counting on Tuesdays tends to trigger a disappointi
Euro Stoxx 50: Double-top remains in place – Credit Suisse
Euro Stoxx 50 is well below key averages and a ‘double-top’ remains in place, as analysts at Credit Suisse note. Key quotes “Euro Stoxx 50 has dropped
India to start filling strategic oil reserves after price crash – Bloomberg
Citing officials with the knowledge of the matter, Bloomberg reported on Wednesday, India is considering ramping up its strategic petroleum reserve (S
AUD/EUR: A slip back towards 0.54 seems likely – Westpac
Since mid-February when the Covid-19 pandemic first really impacted on US equities, AUD/EUR has been quite closely correlated with the S&P 500. It is