November 9, 20200Comments

USD pairs on November 9

Joe Biden's victory in the US elections led to the continued rise of the European currency, and the weak statistics on the eurozone and good statistics on the US labor market did not even limit or halt it, thereby confirming the fact that election results were far more influential in the further direction of the euro and the dollar.

by Jeff Wecker

Forex Analysis

November 6, 20200Comments

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on November 6

The euro showed a fairly large increase yesterday amid expectations of Joe Biden's victory over the US elections. It also ignored the weak statistics on the eurozone economy, as well as rather negative forecasts from the European Commission.

by Jeff Wecker

Forex Analysis

November 5, 20200Comments

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on November 5

At first, the euro dropped sharply amid Trump's lead over Biden in the US elections. Then, afterwards, the euro managed to get back its positions, thanks to the wave of long positions from the level of 1.1661, which brought about 50 pips of profit from the market.

by Jeff Wecker

Forex Analysis

November 4, 20200Comments

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on November 4

Purchases on the European currency, on the confidence that Joe Biden will win the US elections, brought in a rather good profit yesterday - long positions from 1.1661 to 1.1716 gave about 50 pips of profit in the market.

by Jeff Wecker

Forex Analysis

November 3, 20200Comments

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on November 3

The bears failed to maintain their control over the market, so as a result, the EUR / USD pair rose a bit yesterday. To add to that, rather good economic reports came out from Europe. However, they may turn down this 4th quarter amid new quarantine restrictions imposed in many EU countries.

by Jeff Wecker

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