October 14, 20200Comments

USD pairs on October 14

The euro dropped due to the very weak report on EU business confidence, so as a result, the EUR / USD pair went down 50 pips from the level of 1.1785. The rising inflation in the United States also added pressure on the currency pair.

by Jeff Wecker

Forex Analysis

October 13, 20200Comments

Analysis of the EUR/USD and GBP/USD currency pairs and trading recommendations for October 13

Short positions did not bring the expected profit yesterday, mainly because market volatility was rather low due the holiday in the US. Today though, pressure on the euro is gradually returning, thus, it is just right to expect a decline and new wave of sales in the EUR / USD pair.

by Jeff Wecker

Forex Analysis

October 12, 20200Comments

Analysis of the EUR/USD and GBP/USD currency pairs and trading recommendations for October 12

Rumors that the United States may soon adopt a new aid package led to a sharp rise in risky assets, particularly in the European currency. As a result, long positions from 1.1785 to 1.1825 gave about 40 pips of profit to traders.

by Jeff Wecker

Forex Analysis

October 9, 20200Comments

Analysis on the EUR/USD and GBP/USD pairs and trading recommendations for October 9

The market was in favor of the bears yesterday, and this can be seen clearly when short positions set from 1.1759 gave profit to traders by about 30 points. Long positions from 1.1777, on the other hand, only brought losses.

by Jeff Wecker

Forex Analysis

October 8, 20200Comments

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on October 8

Trump's change of tone over the long-disputed coronavirus relief bill shifted market demand to the European currency. As a result, a buy signal appeared in the euro from the level of 1.1752, which rose long positions in the market and triggered a 15 to 20-pip movement in the EUR / USD pair.

by Jeff Wecker

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