HIGHLIGHT OF THE DAY
HIGHLIGHT OF THE DAY Fresh news flow of any interest to FX was non-existent. the sole item that perhaps could have caused a stir, but didn’t, was that a gaggle folks senators (bipartisan) had reached an agreement on a US$1.2tln infrastructure package and the way to buy it. there’s still negotiation to be done […]
Technical Market update
Technical Market update EUR/USD EUR/USD stays pressured around the key level of 1.2180-75 amid the early Asian session on Thursday. The pair refreshed weekly top the previous day before reversing from 1.2218. Recently the pair failed to break the key level of 1.22. The ECB will be announcing its monetary policy decision later in 1945 […]
Quick Market Wrap
Quick Market Wrap It’s been a day of small ranges across major forex pairs with a mixed performance against the Dollar. The EURUSD is a few pips higher, As is GBPUSD, while a change has been seen in AUD and NZD so far this session. USDJPY is fewer points lower. Still to come, Bank of […]
Technical update 9th June
Technical update 9th June EUR/USD Currently, the pair is moving towards the support zone of 1.21500 and the next resistance is at 1.23200. The Eurozone and German ZEW economic sentiments data released yesterday indicated a decline in the level from the surveyed investors. Look for buying opportunities of EUR/USD if it bounces up from […]
TECHNICAL MARKET ANALYSIS 7th JUNE
TECHNICAL MARKET ANALYSIS 7th JUNE EUR/USD EUR/USD is currently strengthened after the release of the weaker than expected U.S. jobs report. The Eurozone Retail Sales data released last Friday indicated a decline in consumer spending in April. The pair is testing the support zone of 1.21500 and the resistance will be at 1.23200, look for […]
Safe-Haven Stocks to Trade During High Volatility
Safe-Haven Stocks to Trade During High Volatility Haven stocks are stocks that are expected to retain or increase in value during periods of high uncertainty and are often referred to as protective or non-cyclical stocks. In periods of economic instability, this type of stock presents a decreased level of risk. A stock market is […]