November 25, 20200Comments

USD pairs on November 25

The continued growth of the German economy in the 3rd quarter preserved the hope for the euro, which led to the formation of a very strong buy signal from the level of 1.1870.

by Jeff Wecker

Forex Analysis

November 24, 20200Comments

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on November 24

Weak economic reports from Europe limited the upward potential of the European currency. To add to that, the data on the US economy came out very strong yesterday, thereby hitting the positions of euro bulls, leading to an instant collapse to weekly lows.

by Jeff Wecker

Forex Analysis

November 23, 20200Comments

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on November 23

Low market volatility plus the absence of economic data left the euro with practically no trading signals for today. However, the bullish momentum that was recorded last week remains, thus, the currency still has every chance for further growth.

by Jeff Wecker

Forex Analysis

November 20, 20200Comments

EUR/USD and GBP/USD: The euro and the pound needs clarity over post-Brexit trade deal. Inflationary pressures in the UK could force the Bank of England to change its mind about negative rates.

The direction of the euro and the pound now lies in the trade agreement between the UK and the EU, negotiations on which are again deadlocked. The absence of news clearly indicates the lack of progress, which in turn suggests that the Brexit transition will end without a trade deal.

by Jeff Wecker

Forex Analysis

November 19, 20200Comments

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on November 19

The euro remained trading in a sideways channel, even though buyers made another attempt to build a new upward direction. Before the release of inflation data in the eurozone, euro bulls set up long positions at 1.1870, however, as in the previous day, this did not lead to a large upward movement.

by Jeff Wecker

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