Daily Market Analysis

There’s a way to bet on the increase in trade tensions between the United States and China that goes beyond the currency market.

GBP/USD is trading below the weekly pivot level at 1.2707.

Have a look at the pair EUR/NZD as it might present some interesting trade ideas.

Although EUR/CHF has already made a big leap to the downside, the weekly chart shows that the decline looks unfinished.

As the CHF is considered as a stronger kind of safe haven, we propose a USD/CHF short trade.

The USD is helped by the demand for it as a safe haven and the lack, while the CAD is pressured by the declining oil prices.

GBP/JPY is testing levels below the support of the last 4 trading days at 139.50.

USD/ZAR met the resistance of the line connecting September, March and May highs in the 14.50 area.

As fears about global economic well-being mount, market players turn to BTC seeing it as a kind of independent alternative.

No matter what the economic figures from the UK look like, the GBP is under the heavy weight of Brexit.

The technical necessity of a downturn was visible in XAU/USD for a long time.

The pound is affected by Brexit uncertainty and may slide even lower.