2020

The British pound sterling fell to a two-week low on Thursday. The declines came mostly on the back of a stronger dollar. Having lost the 1.3000 handle already, the GBPUSD briefly fell to the two-week low before pulling back slightly.…
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The common currency is staring at losses after prices failed to hold on to the technical support near 1.1715. The declines came on the back of the ECB meeting. With the support level breached, the 1.1600 level of support comes into focus…
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Shares in US technology company Microsoft are trading a little over 1% higher pre-market on Thursday. The company has suffered a disappointing fall in its share price. This is despite reporting a better-than-expected set of third-quarter…
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Friday could be quite a bouncy day for the euro because we have a busy macro data schedule. Sure, the recent spike in covid cases has taken over the news, but fundamental data still drives the market. If we are looking at another…
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Crude Inventories Rise Crude oil prices came under pressure once again this week. Against a broader backdrop of risk aversion, news of a fresh build in US crude inventories increased the selling pressure in crude. The Energy…
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The precious metal lost over one percent on Wednesday after price failed to make any major gains near the 1911.50 region. The declines pushed gold prices down to intraday lows of 1869 before recovering. We expect the near-term…
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Oil prices succumbed once again, down over 4% intraday. The declines accelerated after the commodity failed to hold on to the gains above 38.83. Following the breakdown off the 38.83 handle, oil prices lost more than a dollar.…
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The British pound sterling is trading near a one-week low after losing the 1.3000 support level. The decline will make price action biased to the downside if there is no recovery. Above the 1.3000 handle, the key resistance area of…
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The euro currency is trading weaker having breached the trend line. Subsequently, price action is now trading closer to the support area of 1.1715. However, in the late European session, the common currency reversed losses to make a…
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