Euro Is Losing Ground Against U.S. Dollar EUR/USD is currently trying to settle below the support at 1.1200 while U.S. dollar is gaining ground against a broad basket of currencies. The U.S. Dollar Index is testing the resistance level at 96.70. In case this test is successful, the U.S. Dollar Index will head towards the 97 level which will be bearish for EUR/USD.
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Long term bigger picture of strong dollar Canadian Dollar Is Losing Ground Against U.S. Dollar USD/CAD is currently trying to settle above the resistance at 1.2710 while U.S. dollar is moving higher against a broad basket of currencies. The U.S. Dollar Index managed to settle above the 97 level and is testing the resistance at 97.25. A successful test of this...
END OF OVERBOUGHT BULL MARKET TIME TO SHORT AFTER IMPULS TO DOWN
IT IS TIME FOR OIL PRICE CORRECTION RSI SHOWS PERFECT FORMATION FOR IMPULS SIGNAL
The big stimulus package has been approved and the Federal Reserve and the U.S. Treasury have already funneled trillions into the hands of financial incumbents. Further, these entities plan to send direct payments to each American as well. More usd in the markets will make it cheaper...
The International Energy Agency, the U.S. Energy Information Administration and OPEC — the Organization of Petroleum Exporting Countries — have taken an axe to forecasts for oil demand this year, cutting year-on-year growth to the lowest levels since the financial crisis of 2008-09. The IEA was the first of the three to predict that the world will use less oil in...
In the long-term, the Australia Inflation Rate is projected to trend around 1.90 percent in 2020, according to our econometric models RBA Interest Rate Decision is announced by the Reserve Bank of Australia. If the RBA is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the AUD. Likewise, if the RBA...
A currency pair is the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market. The currency that is used as the reference is called the counter currency, quote currency or currency and the currency that is quoted in relation is called the base currency or transaction currency.
The USDCHF currency pair is often called 'The Swissie'. The Swiss Franc is the last Franc still in issuance in Europe. CHF is shorthand for 'Confoederatio Helvetica' Franc, and represents the economy of the neutral nation situation in the center of Europe. Switzerland has long been a key banking center for customers around the world, and the secrecy with which...