20-22 Wenlock Road, London, England, N1 7GU

News Room

GBP/USD to target 1.2330 once 1.24 is cleared

Jun 26, 2020

The GBP/USD consolidated between a narrow 1.2400 and 1.2450 range. We still prefer to stay short of this pair, expecting any bounces beyond 1.2450 to be rejected in favour of further tests of the 1.2400 handle

USD/JPY recovers from the 105.98 May low to test 200-DMA at 108.40

Jun 26, 2020

USD/JPY continues to recover off the 105.98 early May low. It is back in the range and is probing some moving average resistances. These extend up to 108.40

GBP/USD, EUR/USD Rates at the Mercy of US Trade Talks

Jun 25, 2020

Equity markets sank during Asia-Pacific trade as coronavirus concerns, escalating geopolitical tensions and a downgraded global growth forecast from the International Monetary Fund (IMF) soured investor sentiment.

S&P 500: Deeper correction below the critical 200-DMA at 3020

Jun 25, 2020

S&P 500 moved sharply lower yesterday breaking below 3079/66, which turns the focus onto the crucial 200-day average at 3020/18

AUD/USD: Clearance of tough resistance at 0.6977 to test 0.7032

Jun 25, 2020

AUD/USD remains capped by the key resistance at 0.6977 but after a consolidation phase, analysts at Credit Suisse expect the aussie, which stages a modest intraday recovery of 0.15%, to test the 0.7032 level.

EUR/USD Price Analysis: Focus now shifted to 1.1170

Jun 25, 2020

EUR/USD is down for the second session in a row in the second half of the week, accelerating the move from earlier tops in the mid-1.1300s.

© Copyright 2015-2020 FOWBusiness.com