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.

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