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GBP/USD Rate Rebound Undermined by Bearish Trend in RSI

Feb 16, 2020

GBP/USDattempts to retrace the decline from the start of the month, but the Relative Strength Index (RSI) undermines the recent rebound in the exchange rate as the indicator continues to track the bearish formation carried over from December.

Australian Dollar Remains on Virus Watch As Key Jobs Data Loom

Feb 15, 2020

The Australian Dollar is like all other major traded assets in thrall to the ups and downs of the coronavirus story.

US Dollar Outlook Bullish on FOMC Minutes, Coronavirus, Iran

Feb 15, 2020

The US Dollar may rise on the FOMC minutes if the underlying tone of the text echoes the same message Fed Chairman Jerome Powell broadcasted at last week’s congressional testimonies.

Dow Jones, Nasdaq 100, DAX 30, Nikkei 225 Technical Outlook Ahead

Feb 15, 2020

The Dow Jones may see near-term weakness ahead from a technical standpoint. Prices closed under a rising support line from the beginning of this month.

Impact of Virus Outbreaks: S&P 500, Gold, Oil and Currency Analysis

Feb 15, 2020

The outbreak of the Wuhan Coronavirus has rattled financial markets across the globe, although much is unknown as to whether the outbreak will expand to a pandemic and what the size of the impact will be.

Euro Breaks Down -Euro Technical Forecast: EUR/USD, EUR/JPY, EUR/CHF

Feb 15, 2020

The Euro has put in an aggressive bearish move to continue the single currency’s February slide.

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