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Euro News
GBPJPY Reverses Its Sell-Off Around the Level at 130.75
14 Oct 2019 @ 00:19
In the prior session, the pair closed lower for the second day in a row, but currently, the GBPJPY displays a weakness further downside of the pair while retaining its wider medium-term outlook by temporal reversal on the level at 130.75. Key Levels Resistance Levels: 148.66, 137.80, 135.774 Support Levels: 130.75, 128.68, 126.54 GBPJPY Long […]
Bearish Momentum Returns on the EURUSD Just as Worse Than Expected News Release Halt Its Recovery
24 Sep 2019 @ 13:52
EURUSD Price Analysis – September 23 The eurozone keeps on battling, thus resulting in selling pressure on the EURUSD pair, as fragile worldwide conditions and the U.S-China trade dispute have negatively affected the manufacturing sector in Germany and the remainder of the alliance. On the off chance that the U.K. leaves Brexit without a bargain, […]
China’s New Cryptocurrency
15 Sep 2019 @ 22:20
China plans to release a new digital currency which would bear some similarities to Facebook’s Libra coin. It would be usable across several platforms like WeChat and Alipay. In a recent interview with the Shanghai Security News on the 6th of September, the deputy director of the People’s Bank of China, Mu Changchun, stated the […]
Facebook’s Libra To Apply For Licence In Switzerland
15 Sep 2019 @ 22:05
Swiss financial regulators have signaled that Facebook’s cryptocurrency, Libra is mandated to meet up to extra requirements besides acquiring a payment system license before they can begin operations in the region. In a recent press release, the Swiss Market Supervisory Authority (FINMA) explained that the diverse services projected by Libra have created the need for […]
Guardian Stockbrokers Key Economic News Tuesday 10 September 2019
10 Sep 2019 @ 18:12
The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK manufacturing production unexpectedly rose in July In the UK, manufacturing production unexpectedly climbed by 0.30% on a MoM basis in July. In the prior month, manufacturing production had dropped 0.20%. UK industrial production surprisingly climbed in July In the UK, industrial […]
Bullish Sentiment on USDCHF as It Breaks to New Session Highs Above the Level at 0.9815
29 Aug 2019 @ 23:00
USDCHF Price Analysis The pair is moving to a new session high and in the process is exiting from it’s moving averages 5 (red line) and 13 (blue line) at 0.9805 and 0.9785 respectively. Currently, a base on the level at 0.9775 area, at the horizontal line has formed and has allowed for a temporary […]
In an Active Mode, GBPJPY Gets Set for the Upside Momentum
29 Aug 2019 @ 22:10
In an Active Mode, GBPJPY Gets Set for the Upside Momentum GBPJPY Price Analysis – August 28 The pair is likely to stay uneventful in the short-term as the RSI and the moving averages are flattening and the price is rising slowly. In any case, the recent fundamentals affecting the Pound had made the pair […]
Staying Within Previous Boundary EURJPY Continues to Trade Within a Range
24 Aug 2019 @ 23:50
EURJPY Price Analysis – August 23 In today’s trading session, the common European currency traded sideways against the Japanese Yen. The currency pair was trading below the moving average 5 and 13 since yesterday’s trading session. We may see bearish traders pressurize the currency pair towards the level at 117.50 before the end of today’s […]
Near Term Outlook Unchanged as AUDUSD Trades Weaker
24 Aug 2019 @ 23:44
AUDUSD Price Analysis – August 22 The Aussie is holding weaker so far with the yuan softer on the day on a softer note for the equities and treasury yields. However, yuan has a relative effect on USD as the PBOC fixed the yuan weaker again today, reaffirming the notion that they will allow the […]
Guardian Stockbrokers Key Economic News Friday 23 August 2019
23 Aug 2019 @ 17:57
The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK CBI distributive trade survey’s retail sales balance dropped in August In the UK, the CBI distributive trade survey’s retail sales balance recorded an unexpected drop to a level of 49.00% in August, compared to market expectations of an advance to a […]
