October 7, 20200Comments

USD pairs on October 7

Trump's reluctance to adopt a new aid package led to a sharp drop in risky assets, including the European currency. However, throughout the day, a sufficient number of signals, both buy and sell, appeared on the euro, the first of which, sales, turned into losses.

by Jeff Wecker

Forex Analysis

October 6, 20200Comments

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

A rather strong report over the eurozone services sector was published yesterday, followed by a sharp jump in retail sales. Such became a good impetus for growth in the European currency, thus, long positions from 1.1742 brought about 40 pips of profit in the market.

by Jeff Wecker

Forex Analysis

October 5, 20200Comments

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

The euro failed to reach any of the indicated support or resistance levels last Friday, so as a result, strong movements were not observed in the EUR / USD pair, even amid the release of important reports on the US economy.

by Jeff Wecker

Forex Analysis

October 2, 20200Comments

EUR/USD and GBP/USD: US President Donald Trump tests positive for COVID-19. The EU launches legal action against the UK. Upcoming Non-Farm Employment Change Report may raise dollar demand

Donald Trump has announced on Twitter that he and his wife, Melania Trump, tested positive for coronavirus. Most likely, this happened after contact with White House adviser Hope Hicks, who contracted the virus as well, but a bit earlier.

by Jeff Wecker

Forex Analysis

October 1, 20200Comments

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on October 1

Strong US statistics should've brought sharp decline in the EUR / USD pair, however, movement yesterday was a lot smaller than expected, amounting to only 20 pips down from the level of 1.1709.

by Jeff Wecker

« Older Articles Newer Articles »