GBP/CHF slipped below the 50-day MA this week. The line is currently acting as resistance at 1.1905. Earlier declines below it led to bigger moves down.
Daily Market Analysis
AUD has a pause on the way up as 600,000 people lost jobs. Is it a short-term correction or change of a course?
WTI oil price is following an ascending curve. However, there are reasons for the consolidation. What are they?
Clouds are gathering above the stock market. Will it be the second bottom?
USD/JPY has returned below the 50-day MA as the market’s risk aversion increased. It seems that the market has formed an interim top.
Tesla surged after Trump’s tweet, but then dropped to the end of the trading session. What was the reason?
Let’s look at the factors that move the British pound and what restrictions it can meet on its way.
The stock price of the Saudi oil company has stabilized at $31 per share, just as WTI has done the same at $25. How long will that last?
Oil is trading higher for the second week. For how long?
The NFP numbers are bad, but better than expected. The USD/JPY took that as an impulse to rise.
EUR/USD recovered from the March-April support line and formed a “Piercing line” candlestick pattern on the D1.
USD/BRL jumped before the announcement of the Central Bank of Brazil. What was the reason?