The pair will continue to move higher in the following days towards the 100.000 price area. Despite the stagnant growth in the European Union, investors of the EUR/RUB pair will go long amid the worries that Joe Biden’s presidency will be disastrous for the Russian economy. During the 2016 US Presidential Elections, Russia was accused of meddling which eventually...
The pair will continue to move higher in the following days towards a major resistance line. Countries are isolating Denmark following reports that around 15,000 minks in the US have died due to COVID-19. Meanwhile, the Danish government proposed to cull 15 million minks in the country as fears of mutation worries the authorities. On Friday, November 06, the...
The pair will break down from a major support line, sending the pair lower towards the 1.32000 resistance area. Asia’s coronavirus cases remain stable despite the resurgence of the deadly virus in Europe and North America. This week, the US surpassed 10 million total cases of COVID-19 while some countries in Europe implemented a second lockdown. Meanwhile,...
The pair will break down from a downtrend channel support line to retest its 1.47196 support line. Canada’s labour market is showing signs of plateau following the recent surge in employment. On Friday, the country added 83.6K on its employment change report. This was the lowest reported figure for the past six (6) months. Meanwhile, the unemployment rate was...
The pair will break down from an uptrend channel support line, sending the pair lower towards its May 26 low. The United Kingdom is expected to post disappointing figures in today’s reports, November 10. The number of people claiming to be unemployed is expected to increase by another 50,000 for the month of October, almost twice than the 28,000 recorded in the...
European Central Bank (ECB) President Christine Lagarde has a speech today that will talk about the next steps the ECB will take to help the economy recover from coronavirus’ effects. It’s an important test for the Euro to exceed 1.19000. In the last couple of attempts, it failed but bounced and fell to 1.16000 to support. Looking at the dollar index chart, the...
The pair will extend its uptrend movement and will retest its February 21 high. Nikkei 225 rose to its highest level since the collapse of Japan’s economic bubble in 1990 amid the better-than-expected corporate earnings of local businesses. The index advanced by 0.91% or 219.95 points to close at 24,325.23. This level broke the previous record held by Nikkei on...
The pair failed to break out from an uptrend resistance line, sending the pair lower towards its May 04 low. Despite the better-than-expected imports, exports, and trade balance report, the Australian dollar will still see new lows in coming sessions following the interest rate cut by the RBA. The Reserve Bank of Australia slashed 15 basis points on its short-term...
The pair broke out from a downtrend resistance line, sending the pair lower towards its April 2018 high. A win for Joe Biden is expected to result in a softer approach to China. However, analysts are worried that this could result in China potentially overtaking the US as the world’s largest economy. More than that, this U-turn approach with China could hurt the...
The pair failed to break out from a major resistance line, sending the pair lower towards its May high. New Zealand’s labor market showed weakness in its most recent reports despite the country successfully containing the deadly virus. The unemployment rate for the third quarter went up to 5.3% from 4.0% in the previous quarter. Employment change for the reported...
The pair broke out from an uptrend channel support line, sending the pair lower. Among all the EU member states who posted their Composite and Services PMI reports on Wednesday, November 04, only the United Kingdom posted positive figures for both reports. The numbers were 52.1 points and 51.4 points, respectively. Investors were seen bullish on the British pound...
The pair will continue to move lower in the following days towards its March-May low. The EU member states and the EU bloc posted disappointing Composite and Services PMI reports on Wednesday, November 04. The figures for the European Union were 50.0 points and 46.9 points, Germany at 55.0 points and 49.5 points, and France for 47.5 points and 46.5 points,...
The pair will continue to move higher in the following days towards the $86.000 resistance level. While the recent report suggesting a potential win for Biden benefits the South African rand, it doesn’t do well for the Russian ruble. Moreover, the recent reports from Russia show a lagging economy amidst the COVID-19 pandemic. While most countries who published...
The pair will break down from a major support line, sending the pair lower towards a key support line. South Africa’s recent reports were mixed with a lower trade surplus and a high Manufacturing PMI report. The trade balance report on Friday, October 30, showed the country’s surplus for September adding $33.51 billion, lower than the prior month’s $38.70 billion....
The pair is expected to break out from its January 2016 resistance line, which will send the pair higher towards the 100.000 price level. The Russian economy showed uneven growth in its recent reports. Retail sales decline by 3.0% in September with service production plummeting by 12.0%. The number of new car sales, on the other hand, went in the opposite...
The pair failed to break out from an uptrend channel resistance line, sending the pair lower. Eastern Europe is leading the recover of the European Union with the Visegrad Group at the forefront. Hungary managed to lessen the country’s unemployment rate from 4.6% in August to 4.4% in September. The recent report represents the second consecutive decline in the...
Coronavirus cases jumped to 300,000 in Poland on Thursday after it had seen 20,156 new cases, a record the country has never seen. However, the Polish government is insisting on keeping it open. The market is projected to keep worrying about its country after the total number of infections turned out to be thrice as much as its previous record in less than a...
The pair will break out from a major resistance line, sending the pair higher towards a key resistance line. Australia posted better-than-expected Q3 Consumer Price Index reports on Tuesday, October 27. Figures came in at 1.6% quarter-over-quarter and 0.7% for the YoY report. These numbers were comparatively higher than the results in the second quarter of -1.9%...