Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/USD: bullish intentions
EUR/USD: bullish intentions

The recent initiative for a $546-bln financial aid package in the Eurozone made the EUR/USD break local resistance. How much fuel does it have?

2020: the new forecasts
2020: the new forecasts

The coronavirus has changed everything. When analysts gave forecasts for 2020 at the end of last year, no one could foresee that the whole world would be seized by the pandemic.

Why do traders prefer Japanese yen?
Why do traders prefer Japanese yen?

You may not have noticed that but the Japanese yen rose every month this year. It grew more than other currencies of the Group-of-10 and became a top currency. How could it have beaten the powerful US dollar? Let’s see.

GBP/AUD: the downtrend is in place
GBP/AUD: the downtrend is in place

GBP/AUD opened the week with a gap down. Things like that have already happened before and, back then, the price continued its way down.

GBP/CHF: choose a level for selling
GBP/CHF: choose a level for selling

GBP/CHF slipped below the 50-day MA this week. The line is currently acting as resistance at 1.1905. Earlier declines below it led to bigger moves down.

WTI: the moment of truth
WTI: the moment of truth

WTI oil price is following an ascending curve. However, there are reasons for the consolidation. What are they?

USD/JPY tested support
USD/JPY tested support

USD/JPY has returned below the 50-day MA as the market’s risk aversion increased. It seems that the market has formed an interim top.

GBP: under pressure
GBP: under pressure

Let’s look at the factors that move the British pound and what restrictions it can meet on its way.

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