
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
EUR/USD has failed to cross the upper trend line at 1.2000 so far. If it manages to do so, the way up to the 100-day moving average of 1.2050 will be open. It’s likely to happen if the US dollar keeps weakening. On the flip side, if it crosses the 50-day moving average of 1.1960, it may drop to the 200-day MA of 1.1900.
Gold has been rising for the third day in a row! Now it’s getting closer to the resistance of $1790. Once it’s broken, the way up to the high of February 23 at $1815 will be clear. In the opposite scenario, the move below the recent low of $1760 will press the pair down to the $1745 support.
USD/JPY is getting ready for the reverse. All the signs are there. The RSI indicator went below the 30.00 level, the price has crossed the lower line of Bollinger Bands, and it’s getting closer to the 108.40-support level, which it has failed to cross several times in March. On the way up, the pair will meet the following resistance levels: 109.00 and 109.20. However, if bears keep momentum and the price breaks further below 108.40, it may fall to 108.25 and then even to 108.00.
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
US stock markets started falling, while the US dollar is rising. What to expect from
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
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