EUR/USD continues to face stiff resistance from the 200-day moving average

EUR/USD falls back towards the lows for the day at 1.1864 now Invest in yourself. See our forex education hub. The bounce at the start of the week continues to stall for EUR/USD as buyers are finding it tough to negotiate a breakthrough above the 200-day moving average (blue line). That level is seen @ […]

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Oil’s decline continues as inventories rise, demand recovery clouded

© Reuters. Illustration photo of crude oil being dispensed into a bottle TOKYO (Reuters) – Oil prices declined for a fifth consecutive session on Thursday falling around 1% after official data showed a further increase in and fuel inventories, while the ever-present pandemic clouded the prospects for a demand recovery. was down 74 cents, or […]

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EUR/USD slumps to fresh lows on the day as dollar continues to push higher

EUR/USD falls to 1.1916, nears a test of its 100-hour moving average Invest in yourself. See our forex education hub. It is all about the dollar and yields in European morning trade, as a surge in the former is keeping the greenback bid throughout the session so far. EUR/USD has now fallen to a low […]

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The stock rotation continues out of high-tech and into cyclicals

Higher yields remain the catalyst The longs in the technology stocks continue to get hammered and the rotation into the cyclical continues as fears of interest rates have traders repricing the high flyers of 2020. The final numbers are showing: S&P index -20.72 points or -0.54% at 3821.23 NASDAQ index -310.98 points or -2.41% at 12609.16 Dow industrial average rose […]

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Franc meltdown continues as risk tones keep calmer in European trading

EUR/CHF climbs to 1.1050 levels, nearing the October 2019 highs The franc is the biggest loser on the week so far in the major currencies space and that owes somewhat to a breakout in EUR/CHF as the pair climbs to its highest levels since October 2019 today, nearing resistance at around 1.1059.Invest in yourself. See […]

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EUR/GBP on track towards fresh nine-month lows as technical breakdown continues

Sellers stay poised to target the 0.8700 level next In some ways, the pair is trading as more of a divergence in the virus/vaccine narratives as things are progressing far more smoothly for the UK than it is for Europe. With cable also looking poised to move towards 1.4000, the shove lower in EUR/GBP is […]

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Dollar continues to hold slightly firmer, risk showing some hints of calming down

The risk rout calms down ahead of North American trading The greenback continues to lead the charge in the major currencies space but gains have been trimmed somewhat across the board as risk sentiment exudes some calmer tones. The DAX fell by nearly 2% earlier in the session but has trimmed losses well beyond opening […]

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Gold continues to hang on at the 200-day moving average, what’s next?

Gold will continue to track real yields for the time being Precious metals got a slight boost from Fed chair Powell yesterday, after he said that the central bank is not looking to ease policy any time soon – not until troubling signs of inflation begin to surface at least, which is a long ways […]

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