Let’s look at the factors that move the British pound and what restrictions it can meet on its way.
Daily Market Analysis
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?
On one hand, the gold intraday range is broad, on the other hand, its week range is narrow. What’s the reason?
The German court made a surprising decision on May 5 that the European Central Bank's mass bond-buying violates the German constitution.
Strategic horizon may hold some unexpected outcomes for the US dollar. Where will it be in the post-virus world?
This week starts pretty dull for the stock market. Has it lost its momentum?
AUD/NZD formed a “shooting star” candlestick on the W1. The pair ran into the resistance line from the 2018 highs and failed to close above the 200-week MA at 1.0650.
On April 30 at 14:30 MT time the ECB will unveil its future measures to support the euro zone economy.