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The pair will continue to move higher in the following days to reach its all-time high. The US trade deficit with China falls in 2019, its first time in six (6) years. Yesterday, February 05, the Commerce Department said deficit slips by 1.7%. Imports tumbled 1.7% while exports decrease by 1.3%. The curb in trades were amid the trade war between the two (2)...

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The pair failed to breakout from a major resistance line, sending the pair lower towards a key support line. Brazil is seeking a Mercosur-UK trade deal, which will be the same agreement with the European Union. This was after thethen second-largest economy in the EU withdraw from the bloc last January 31. Brazil is among the growing number of non-EU countries...

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The pair will continue to move higher in the following days to retest its 9-month high. The escalating tension between Russia and Turkey is an opportunity for the United States to improve ties with Turkey. In recent months, the US-Turkey relations fell. This was after Ankara purchased Russia’s S-400 missile defense system. Turkey is a member of the US-led NATO...

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The pair will breakout from key resistance lines, sending the pair higher towards its previous high. O January 31, America officially restrict Chinese citizens coming from all parts of mainland China from entering the country. This was amid the continuous spread of the deadly coronavirus abroad. The decision came a month after the US and China signed the phase one...

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The pair will bounce back from a major support line, sending the pair higher towards its previous high. An independent and stronger United Kingdom appears following the comments made by UK Prime Minister Boris Johnson. He said that Britain will not follow EU rules on future trading deals. The two (2) parties are currently in negotiations following the withdrawal...

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The pair will move lower in the following days and head towards the uptrend channel support line. Canada has another card on hand after Prince William and Meghan Markle departed from the United Kingdom for Canada. As the Royal Family embattles with heirs to succeed Queen Elizabeth, Canada is reaping the benefits of the rift. The couple announced in early January...

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The pair will bounce back from a major support line, sending the pair higher towards its previous high. An independent and stronger United Kingdom appears following the comments made by UK Prime Minister Boris Johnson. He said that Britain will not follow EU rules on future trading deals. The two (2) parties are currently in negotiations following the withdrawal...

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UAE announced a gas discovery in the area between Abu Dhabi and Gabal Ali in Dubai. The gas reservoir called “Jabel Ali Project” will support the UAE economy and ensure sustainable growth. The project covers 5 thousand square kilometers and could generate 80 trillion cubic feet of gas. It’s one of the most significant discoveries of natural gas, which strengthens...

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The pair will bounce back from a major support line, sending the pair higher towards a major resistance line. Hong Kong’s gross domestic product (GDP) for the fourth quarter will continue to plunge. This was amid the continuous protest in the city and fears of coronavirus outbreak in the special administrative region (SAR). Since October 2019, the country’s GDP...

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The pair will continue to move higher in the following days after it broke out from a downtrend resistance line. The US dollar will continue to surge as more US companies are due to report their earnings report. The better-than-expected results helped US indices to break their previous record and set a new all-time high price. In line with this, the US...

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The pair will fail to breakout from a key resistance line, sending the pair lower toward its previous low. The single currency is under pressure amid the withdrawal of the United Kingdom from the European Union today, January 31. Germany released positive results for its Unemployment Change and Unemployment Rate report today. The change in the number of...

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The pair will continue its upward movement and retest a key resistance line. New Zealand will reap the benefits of the Brexit as the UK is set to leave the bloc today, January 31. On a discussion between the two (2) countries’ trade ministers, Britain assured Wellington that it will be its priority in a post-Brexit trade agreement. This was after New Zealand...

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The Australian dollar is also falling against the US dollar, with prices continuing to slip to October 2019 lows after the coronavirus hit. Also, the US dollar is moving according to the decision of the Federal Open Market Committee to leave rates unchanged. The Federal Reserve also reaffirmed its wait-and-see stance while it measures how rate cuts last year...

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The pair is trading in the red now, falling steeply from its previous highs and breaking below both the 50-day and 200-day moving averages. The safe-haven appeal of the Japanese yen is apparently prevailing, while the Australian dollar is heavily pressured by the worries over the rapidly increasing Wuhan coronavirus. The China-originating virus threatens to infect...

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The Ethereum (ETH) price has been rising steadily over the past five days. It dropped from a low $154.48 to a high of $174.4 on Tuesday. Also, ETH is currently trading at $172 as the bulls are halting for a while before trying the break the high of $179.32. In addition to that, the bulls are trading over EMAs on the daily chart. However, the RSI (Relative...

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The pair will fail to breakout from a key resistance line and reverse back to retest its previous low. The economic expectations for the Swiss economy in the next six (6) months will enter a new high. This was amid the global scare on the newly found virus in Wuhan, China. Experts in the field of science and medicine warned that Coronavirus is more dangerous...

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The pair will breakdown from a major support line, sending the pair lower toward its 10-year low. Australia’s already weak economy will continue to decline amid the ongoing wildfires and coronavirus scare in the country. The country is under fire since September and has so far burned eight million hectares of land. The 5-month long wildfires left 25 people dead...

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The current gold prices marked their highest in more than six years as the spread of the coronavirus globally prompted demand for haven assets. Gold for February delivery GCG20, +0.06% on Comex increased $5.50, or nearly 0.4%, to settle at $1,577.80 an ounce, after hitting an intraday high at $1,588.40. It settled with a weekly gain of 0.7% on Friday. The...