NZD seems to be in an equal fight against the JPY. What stands behind that?
Daily Market Analysis
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?
NZD/USD has once again found support in the 0.6830 area. The price action on the H1 chart strongly resembles an inverted “Head and Shoulders” pattern.
Have a look at this rising curve. You think it's Tesla? No; palladium.
Coronavirus keeps disturbing China, and the world. Consequently, gold keeps rising. Reaching $1,600 is "if" or "when"?
The Turkish Central Bank is on a rate-cutting path; on February 19 it will make another announcement. What's the logic behind?
WTI oil has reached our previous targets. On the W1, a big bullish candlestick engulfed the previous bearish one.