Daily Market Analysis

What happened? Brent returned to the rising channel on Wednesday by gaining 4% during the trading session…

What will happen? The European Central Bank will present the monetary policy statement on June 22…

What is happening? Bitcoin has closed its daily candle under the 50-week moving average for the first time since April 2020…

What is happening? On Monday, July 19th, gold traded lower as the rising numbers of coronavirus cases drove investors to move their savings into safe-haven assets such as the US dollar and Treasuries…

S&P500 Daily chart S&P500 has shown its weakness during the last two weeks and the historical data says the correction is not over yet…

Why should we pay attention? Boston-area Moderna was an unknown biotech company before it succeeded with the COVID-19 vaccine…

What happened? On Wednesday, 14th of July, the Central Bank of the Republic of Turkey decided to keep the cash rate at the same level as the previous month, which is 19%…

What happened? It seems that Saudi Arabia and United Arab Emirates are still discussing a potential agreement over OPEC+ policy about cooling oil prices by increasing oil supply…

USDCAD began the week slightly higher reaching as high as 1.2510 but failed to sustain these gains.

The US Dollar Index bounced back at the first trading day of the week after a long weekend.

GBP/USD has managed to rise for the third trading day in a row including today’s Asian session, while the daily technical indicators are moving higher gradually.

EUR/USD found support at 1.1845 and is currently trading just below the 61.8% Fibonacci retracement of the March-May advance at 1.1920.