
It was an intense week across all the markets! We saw decent movements of major pairs, gas, stock indices, and oil prices. What should we trade this week? Time to check!
2019-11-11 • Updated
As the USD is weak on Thursday, other currencies managed to recover. EUR/USD pair rebounded from the support at 1.1550. As a result, the pair is moving to the resistance at 1.1670. On Friday, a lot of economic data will be released.
Moreover, OPEC and its allies will meet to make an agreement on the future supply. If they agree to increase the production, oil will go down and as a result, the Canadian dollar will depreciate. Up to now, the USD/CAD pair is coming back to the support at 1.3290. Friday movement will depend on the economic data and OPEC meeting. If news for the CAD is encouraging, the pair will break the support and will move down. Otherwise, it will stay within 1.3290-1.3380.
It was an intense week across all the markets! We saw decent movements of major pairs, gas, stock indices, and oil prices. What should we trade this week? Time to check!
Whenever inflation exceeds 4% and unemployment falls below 5%, the US economy enters a recession in two years.
Dovish ECB and hawkish Fed paint a bearish outlook for the EUR/USD. Is declining to 1.0770 the next stop?
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
Historically, the stability of the franc is caused by the solid Swiss economy and a highly developed banking system…
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