OPEC will hold another meeting on December 5-6. This article examines the possible outcomes of this meeting in the context of one of the primary influence factors.
Daily Market Analysis
EUR/USD was supported in the 1.0990 area last week. The support was strengthened by the fact that the attempted breakout of this level failed.
NZDCAD has been rising today, a bearish reversal possible soon
While some predict the global crisis, recession, and even global depression, others are not afraid to forecast the stabilization of the global economy.
The AUD is under negative pressure primarily because of Australia’s domestic problems. Learn more!
The price has been showing an uptrend lately, but may go into a bearish reversal in the short-term.
The stock of Pepsico formed a higher low and arrived at the resistance line that connects October and November highs in the 136.50 area.
USD/JPY had a bullish week. Yet, we should notice that the pair has reached some heavy resistance: 100-week MA (109.66) and 200-week MA (109.84).
GBP/USD met resistance at 1.2950 (resistance line connecting the highs of November). The Awesome Oscillator on the D1 is declining.
USD/MXN has been strengthening since the start of November, although you can notice by looking at the chart that the advance hasn’t been smooth.
An overview of the recent performance of Stoxx 600 in the context of the US-China trade wars.
For the past couple of days, USD/CHF has been consolidating below the resistance line that connects the highs of October and November in the 0.9990 area.