Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

USD/JPY Tries to Stay Below the 100-hour MA
USD/JPY Tries to Stay Below the 100-hour MA

The dollar index was up late Tuesday afternoon in Asia, extending the 0.8% gain in the previous session, when COVID-19 fears and worries over the US Congress’ stimulus impasse drove a selloff across other assets.

Fed Chair Powell Testifies
Fed Chair Powell Testifies

Gold has started a remarkable downside correction and stands on the key 23.6% retracement area after a failure to hold the 38.2% retracement area.

Dollar Erases Losses as Risk Aversion Grips
Dollar Erases Losses as Risk Aversion Grips

European shares fell on Monday as rising COVID-19 infection rates in Europe prompted renewed lockdown measures in some countries, casting doubt over the economic recovery, with a lack of U.S. stimulus also weighing on sentiment.

NZD surged to highs of 2019
NZD surged to highs of 2019

The New Zealand dollar is rising for the sixth straight day, outperforming its major peers. What is the reason? Let’s find out!

Goldman Sachs forecasts oil deficit
Goldman Sachs forecasts oil deficit

Oil keeps rallying for the fourth day in a row after Goldman Sachs claimed that the oil market is in deficit and also because of the recent storm in the Gulf of Mexico, which led to the sharp decline of oil production. It is the best week for oil since June!

STOCKS: to buy or not to buy
STOCKS: to buy or not to buy

If we look at specific stocks, they trade differently. Which of them is worth buying now? Those which are at the local lowest lows. So let’s find them.

Levels to trade EUR/USD
Levels to trade EUR/USD

EUR/USD has turned up from the 50-day MA at 1.1715 yesterday. This is a sign that buyers are strong. Still, the short-term resistance line limits the upside at 1.1870.

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