EUR/GBP HITS LEVELS ABOVE 0.8900 FOR THE FIRST TIME SINCE JANUARY 2020
Pound tumbles across the board on Friday. EUR/GBP is having best day since March 2020. After a brief pullback, EUR/GBP resumed the upside and hit levels above 0.8900 for the…
AUD/USD: TIGHTENING GLOBAL FINANCIAL CONDITIONS AND WEAKNESS IN CHINA TO FAVOR THE DOLLAR – DANSKE BANK
Analysts at Danske Bank forecast the AUD/USD pair at 0.67 in a month, at 0.67 in three months and at 0.66 in six months. They point out the aussie could…
S&P Global US services PMI 49.2 vs 45.0 expected
Prior was 43.7 Manufacturing 51.8 vs 51.1 expected Prior manufacturing 51.5 Composite 49.3 vs 44.6 prior Is this a situation where good news is bad news? The Fed wants to see…
USDCAD trades to a new high. Oil below $80.
The USDCAD is trading to a new cycle high and that takes the pair to the highest level since July 2020. The price high is trading at a new high of 1.3572.…
The krona (SEK) weakens after the Riksbank’s surprising decision
Sweden’s central bank raised interest rates by 100 basis points, warning of further increases. However, the day ended in disappointment for SEK as he failed to capitalize. According to the…
Aid for energy renovation should increase again
The drop in quotas for energy saving certificates (EEC) has led, in 2021, to a reduction in aid for energy renovation work. Measures are announced to relaunch the system. Three decreases…
Evotec: Construction work started on biologics plant in Toulouse
The biotech company Evotec is further expanding its biologics activities: At the French site in Toulouse, construction work on a large J.POD biologics plant has now officially started. This will be…
BTC/USD Forecast: Continues to Look Vulnerable
The BTC/USD has fallen a bit during the trading session on Thursday as we continue to flirt with the $20,000 level and try to figure out where we are going next. Ultimately,…
USDCHF higher in choppy trade, but stalls against 200 hour MA
The USDCHF has chopped higher in trading today. The pair started the day near a swing area at 0.9591 to 0.9606 after breaking back above the 100 hour MA yesterday and closing…
USD/CAD has further upside potential
USD/CAD trades sideways at 1.3160 but I see further upside potential.Trading Recommendation:Due to the symmetrical triangle formed and strong growth in the background, I see further upside potential.Watch for bearish…