ONLINE FOREX BROKER
2020-03-11 • Updated
Performance in 2020: +3.8%
Last day range: 0.8752 – 0.8780
52-week range: 0.8280 – 0.9326
While the UK’s response to virus with precautionary measures has been minimal so far, the British businesses do suffer from the coronavirus global consequences. And although Europe faces more significant economic damage altogether, its currency doesn’t seem to lose the battle against the British pound this time. In the middle of February, EUR/GBP came to observe the strategic 2-year low of 0.8280 but chose not to cross it. Since then, it has been rising and currently trades at 0.8775. That’s where it tests the 200-day Moving Average, being above it for the third day in a row. The Awesome Oscillator hints that a correction downwards is possible before the next move upwards. In the latter, psychological resistance levels at 0.8800, 0.8900 and 0.9000 may be the possible targets in the mid-term.
Resistance 0.8800
Support 0.8640
In a call scheduled for January 25, 00:30 am GMT+2, the Tesla Inc. team will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
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