2020

The euro currency is posting an impressive recovery. Prices are up over 0.40% intraday and currently attempting to test the Friday highs from last week. Gains are mostly driven by a weaker US dollar. For the moment, this retest near the…
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There are increasing expectations about the FOMC meeting today and tomorrow. A lot has changed since the last meeting. The question is: how is that going to affect the Fed's outlook? Virtually all analysts agree that it's too early to…
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Last week, the markets were moving significantly higher on improved risk sentiment. The media tends to focus on specific events that might have a short term impact, such as the ECB raising asset purchases (which buoyed the euro as…
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Gold prices caught a bid following last Friday’s sell-off. Price action quickly bounced back off the 1671.95 level of support. But despite this move, the lower high that is likely to form could be indicative of a move lower. Watch how…
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WTI Crude oil prices made a strong gain in the early Asian trading session on Monday. Prices, as a result, hit the key level of 40.00. However, the commodity gave back the gains just as quickly and is down over 2% intraday. The…
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The British pound sterling rose to a fresh three month high as prices briefly touched 1.2728 before pulling back modestly. The price action on the daily chart could indicate a possible flat close, however. Unless the currency pair can…
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The euro currency is trading modestly following last Friday’s declines. However, the currency pair remains strong with an upside bias. At the moment, price action indicates a low forming around the 1.1287 level. A rebound off this…
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The current 1H formation on GBPJPY hints to a simple zigzag pattern consisting of primary sub-waves Ⓐ-Ⓑ-Ⓒ. We assume that we are currently in final impulse Ⓒ, which consists of five intermediate sub-waves. In the medium term, we…
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EURJPY Surges as ECB Props up Economy The euro rose to a 13-month high against the Japanese yen as markets unwind their safe-haven bets. Broad optimism has found support from the ECB’s latest effort to stimulate the bloc’s economy.…
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