Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/USD has breached support
EUR/USD has breached support

EUR/USD had been testing the support line connecting March and April lows. On Thursday, the pair slipped below this line.

GBP: three factors
GBP: three factors

Britain is at the crossroads of the virus fight. What is the outlook for the GBP/USD?

Bears keep playing with oil
Bears keep playing with oil

Oil prices remain under pressure. After Brent has broken the consolidation range to the downside and fell below 30.00, it got some support ahead of 27.00.

What does OPEC+ deal mean to crude prices?
What does OPEC+ deal mean to crude prices?

The world’s top oil producers pulled off a historic deal to cut global petroleum output by nearly a 10th, and they considered this deal as an end to the devastating price war that brought the energy industry to its knees.

GBP/JPY has bullish momentum
GBP/JPY has bullish momentum

GBP/JPY has formed a higher low, retraced 50% of the February-March decline, closed above 134.40 on Wednesday and is trading above the March high.

AUD: lifting weights
AUD: lifting weights

AUD looks stronger, RBA keeps the rate steady. How positive is the picture?

EUR/USD: a temporary bottom
EUR/USD: a temporary bottom

On the H4, we can see that EUR/USD has found a temporary bottom in the 1.0770 area. The pair is now trading above the former short-term resistance line going down from March highs (1.0835).

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