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EUR/USD Price Analysis: A drop below 1.1200 is picking up pace

Jun 17, 2020

EUR/USD has come under some selling pressure in the last couple of sessions and is now navigating the lower end of the weekly range in the 1.1230/20 band.

USD/JPY Price Analysis: Range play continues, forms a strong base near 100-hour SMA

Jun 17, 2020

The USD/JPY pair extended its sideways consolidative price move for the third consecutive session on Wednesday and remained confined in a narrow band below mid-107.00s.

US Dollar Index Price Analysis: Interim hurdle aligns at 97.87

Jun 17, 2020

If the recovery picks up a more serious tone, then the recent peaks in the 97.40 region should emerge as the next short-term target ahead of the Fibo level (of the 2018-2018 drop) at 97.87.

Nasdaq 100: Consolidation phase to emerge with resistance seen at 10095

Jun 17, 2020

Nasdaq 100 strength has extended as closed yesterday gaining 169.84 points and the index is set to test the resistance seen at 10095, which is expected to cap

USD/JPY to turn bearish on a break below 106.95

Jun 17, 2020

Japan released its May Merchandise Trade Balance, which posted a smaller-than-expected deficit of ¥833.4 billion. However, imports plunged by 26.2% while exports decreased by 28.3%, both below the market’s expectations

Gold Price Analysis: XAU/USD slumps toward $1,710 on improving risk sentiment

Jun 17, 2020

After spending the first half of the day moving sideways above $1,720, the troy ounce of the precious metal started to weaken ahead of the American session.

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