The U.S. dollar was weak against most major currencies on Tuesday as risk sentiment improved after U.S. stocks gained in strength, and on optimism about a big stimulus package from the European Union.
In economic news, data released by the Labor Department showed a slightly bigger than expected incr
The only time the bears appeared during yesterday's trading, was at the very U.S. open. A steady move higher followed, with the final hourly upswing erased 15 minutes before the closing bell. How concerning is this?
I don't think it's a setback worth much mentioning. Yesterday's ADP non-farm employm
At press time, EUR/USD is trading at 1.1228, representing a 0.05% decline on the day as the pair again slips back to the 1.1172 Fibonacci support. However, Commerzbank’s Karen Jones expects the currency pair to recover from there and targets initially the March high at 1.1495.
This pair is in a bearish market structure with price breaking a region of support thus forming a region of resistance. We also see a bearish engulfing candle. Waiting for the current 4hr candle to close below 0.7000 for me to take sells
The coronavirus pandemic has been a boon to social media, streaming, and online shopping companies. As government around the world recommends social distancing and people reduce unnecessary travel, they spend more time at home consuming social media and streaming content. More people also shop their
USDCAD scaling in the sell
Hi traders: My previous analysis on USDCAD works out perfectly, and now I am looking into scaling opportunities for the sell. The price is forming similar continuation correction just like the previous correction. I will wait for the correctio