eloela576

EUR/JPY stayed in consolidation pattern between 124.44/127.07 last week. Initial bias stays neutral first and another rise remains in favor as long as 124.44 support holds. Firm break of 127.07 will resume larger rise from 114.42, to 128.67 fibonacci level. However, firm break of 124.44 should, at l

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The final months of the year are going to be extremely challenging for the global economy, with experts predicting another significant wave of Covid-19 which risks further restrictions around the world at the expense of businesses that are already struggling to cope. Central banks are likely to be c

While EUR/USD has risen by over 5% so far this year, the exchange rate is still undervalued, according to analysts at Goldman Sachs.  "The pair's longer-run fair value is 1.30, and the single currency is well placed to participate in the broad Dollar weakness," noted Zach Pandl, global co-head of fo

Gold remains pressured as the USD keeps the bears at bay. It was seen at $1,940 levels early Monday morning in the Asian session. As the market safe haven demand declines, it is taking a toll on gold prices. Any thoughts on where the yellow metal is heading to this week?

The Eurozone and Japan reported significant contraction in GDP in Q2, reflecting the devastating impact of Corvid-19. The US dollar, which has sagged in recent weeks, recorded broad gains, as the greenback appears to have found some traction. Eurozone GDP for Q2 was revised to -11.8%, up from the ea

1) Astra Zeneca has restarted Coronavirus vaccine trials after putting a stop to it next week. 2) A single day jump of 307,930 in Covid cases was recorded this weekend.3) Views from ECB meeting last week indicate further easy money days.4) UK has reached a

GBP/USD naik turun mendekati tertinggi sejak 16 Desember 2019, turun dari 1,3368 terlambat.MACD bullish menunjukkan kenaikan lebih lanjut menuju garis resistensi jangka pendek.SMA 21-hari, garis tren naik dua bulan menawarkan support sisi bawah yang kuat.GBP/USD surut dari puncak tahun 1,3368 m

The People's Bank of China (PBOC) has set the yuan reference rate at 6.8376 versus Tuesday's fix at 6.8498.