September 7, 20200Comments

USD on September 7

Price dropped by 55 points in EUR / USD last Friday, largely due to very good data on the US labor market. The report indicated that unemployment in the United States dropped significantly, which suggests continued economic recovery in the country.

by Jeff Wecker

Forex Analysis

September 4, 20200Comments

Analysis and trading recommendations for EUR/USD and GBP/USD on September 4

Long positions from 1.1834 brought about 25 points of profit in EUR/USD. The main reason for this price increase is the steady pressure in USD, created by weak ISM report for the US non-manufacturing sector.

by Jeff Wecker

Forex Analysis

September 3, 20200Comments

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

Another weak data in the eurozone, retail sales report in Germany in particular, led to a price decrease in EUR / USD, which brought the quote back to 1.1874 and gave profit of over 45 points to short positions.

by Jeff Wecker

Forex Analysis

September 2, 20200Comments

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on September 2

Weak data on Eurozone inflation led to a price decrease in the EUR / USD pair, thus, short positions from 1.1951 brought about 50 points of profit from the market.

by Jeff Wecker

Forex Analysis

September 1, 20200Comments

Analysis of the GBP/USD pair on September 1. Pound continues to rise amid sharp decline on dollar demand in the market

The wave pattern of the upward trend is actually completed already, but the recent situation in the market, that is, high demand for pound and weak demand for dollar, has led to a more complicated wave structure in the chart.

by Jeff Wecker

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