Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

US Dollar Strengthens
US Dollar Strengthens

Surging coronavirus cases and a stalemate in Washington over the next fiscal aid bill darkened the economic outlook in the run up to Nov. 3 presidential elections.

Brexit deadline is set on Halloween
Brexit deadline is set on Halloween

GBP/USD has bounced off the key support of 1.30 and turned to the upside. The pound is widely anticipated to rally further amid rising hopes for the end of Brexit talks this weekend on Halloween.

Risk Off Returns Strong
Risk Off Returns Strong

Gold moves to the 23.6% retracement level. It seems that gold loses strength under the current risk-off mood.

EUR/USD enters a consolidation period
EUR/USD enters a consolidation period

GBP/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.

USD/CAD: sell in the downtrend
USD/CAD: sell in the downtrend

USD/CAD remains within a downtrend. As a result, selling the pair as it turns down from resistance is the best strategy. Support lies at 1.3125.

British Pound Under Pressure
British Pound Under Pressure

Global stocks barely budged on Friday as investors tightened positions with less than two weeks to go before the U.S. presidential election and awaited a breakthrough in stimulus talks in Washington.

Biden’s victory will drive yuan up
Biden’s victory will drive yuan up

The US-Chinese relationship has been tense amid Trump’s governance, but if Biden wins, the situation may change. Let’s find out what it means for the Chinese yuan.

USD/TRY: a lot of problems... for TRY
USD/TRY: a lot of problems... for TRY

One US dollar buys almost eights Turkish liras now. May it be sixteen in another couple of years? Check the article to see why that is a possibility.

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