Markets Move into the Euphoria before FOMC
Asian equities advanced on Tuesday and the dollar slipped, with investor sentiment supported by Chinese data and optimism about COVID-19 vaccines.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
Euro keeps rallying for the fifth day
EUR/USD is edging higher amid the broad sell-off of the greenback and the overall risk-on sentiment. Let’s discuss what can stop its rally.
US Dollar Losses Further Strength on Positive Chinese Data
Asian equity markets were somewhat mixed as the region only partially sustained the momentum from the firm US handover.
Better News in Covid-19 Vaccine Move Markets
U.S. stocks are set to open markedly higher on reassurances from the pharma sector about progress in the hunt for a vaccine to fight the Covid-19 virus.
NZD Strongest and AUD the Weakest Against the USD
Eurozone March industrial production comes at 4.1% vs 4.2% m/m than expected
USD/JPY: target for selling
The resistance line is limiting USD/JPY on the upside and, unless the pair tries for a breakout (which anyway will meet resistance at 106.50 and 106.80), the easiest path for it will be to go down.
European Markets Look to Follow Asia's Positive Lead
Risk looking positive as we enter European session.
GOLD and SILVER Lose Strength
XAG/USD: Silver stands above the 23.6% retracement area. An indecision still exists.
British Pound Continues to Struggle to Get off the Floor
GBP/USD is now poised to retest the key support level at 1.3000. Jump in for the technical analysis!
How deep may pound dip?
The pound has slumped against other major currencies amid fears over the no-Brexit deal. More details have recently come out over EU-UK tensions. Let’s get into them straight away.
Euro Remains Strong after ECB
ECB President Lagarde offered EUR/USD a free pass to head higher.
ECB Decision
ECB September forecasts see higher inflation in 2021, Lagarde says that there is no need to overreact to euro gains.
