AUD/JPY is in the downtrend since the start of the year. It was capped on the upside by all the three important moving averages on the D1.
Daily Market Analysis
While Donald Trump continues to lead the Republicans, the Democrats have not chosen its representative yet. With around 8 months till the US election, what are the chances for any of the candidates to affect the USD?
MasterCard lowered its Q1-2020 revenue growth projection due to Coronavirus. How bad is it?
It looks like the American stock market woke for the true depth of dangers presented by the Coronavirus. Why now?
AUD is on a downswing against the USD. It reached the Spring-2009 lows. Will it continue the same direction?
NZD seems to be in an equal fight against the JPY. What stands behind that?
The recovery of WTI last week met resistance in the 54.60 area. The price formed a gap down on the mounting fears about the coronavirus.
Currently, the precious metal trades in the zone of 7-year highs. How far away is the all-time high?
The volatility in USD/MXN has jumped. The pair is correcting up within the downtrend, which has been in place since September.
GBP/USD had been rejected down from the 200-week MA in the 1.3033 area. Then it fell below the 100-week line at 1.2950.
It’s not surprising that investors prefer the USD to the EUR and sell EUR/USD. Different approaches of the European Central Bank and the Federal Reserve stresses the situation.
JPY keeps losing grounds against the USD. What factors stand behind that?