Joshua

Things to watch out for on Tuesday, November 22: The US dollar rose on Monday, helped by a negative turnaround in market sentiment. The aversion to risk domino Financial markets after China’s National Health Commission reported the deaths of two Covid-19 patients in Beijing, while the country reported more than 26,000 new infections on Sunday. […]

Silver price forms a candlestick hammer on the daily chart after reaching a 2-week low around $20.50. The Relative Strength Index on the hourly chart crossed the 50 midline, reinforcing the XAG. If XAG/USD breaks above $20.95, Silver will rally towards $21.00; otherwise, it will consolidate around $20.50. Silver price extends its losses after hitting […]

The price of gold falls close to 0.80% due to the strength of the dollar. The Federal Reserve’s comments last week continue to weigh on investor sentiment. Gold Price Watch: Support around $1,727, if broken, will expose the 100 DMA. the price of gold lower amid a drive for risk aversion, which triggered a flight […]

Dollar bulls stand at key support and eye a 50% median reversal. Risk tones are helping the safe-haven dollar ahead of key data and FOMC Minutes. The dollar, measured by the DXY index, it is up 0.85% at the time of writing. The index, which measures the US dollar against a basket of currencies, is […]

AUD/USD plunges below 0.6600 as sentiment subsides. Recently, the outbreak of Covid-19 in China had investors worried by speculation that the government would re-impose restrictions. Traders’ attention is focused on Reserve Bank of Australia Governor Philippe Lowe’s intervention on Tuesday. The Australian dollar (AUD) For the fourth day in a row, it fell into a […]

GBP/USD falls below 1.1900 and approaches 1.1800, due to risk aversion. Amid a light calendar, comments from the Federal Reserve will give GBP/USD direction. GBP/USD will consolidate around 1.1800-1.2000 in the absence of catalysts. The British pound (GBP) fell sharply below the 1.1900 figure in the North American session amid risk aversion as the Covid-19 […]

The USD/JPY continue your bounce. Credit Suisse economists they expect the pair to extend its bounce to the 13-day EMA at 142.18/20. Support at 139.63 and then at 138.63 “We see room for a deeper rally, although we continue to maintain our broader negative outlook. Resistance lies at the 13-day EMA at 142.18/20, which we […]

Selling pressure remains firm around EUR/USD. The dollar is trading at multi-session highs when followed by the DXY. The Chicago Fed’s national activity index worsened in October. Bears continue to control the mood in space associated with risk and keep the EUR/USD depressed in the 1.0250 area at the start of the week. EUR/USD falls […]

This is what you need to know to trade today, Monday, November 21: Equity markets are down ahead of the US open as China concerns weigh on sentiment. China has recorded its first covid death in more than six months. Equity markets in Asia fell as risk aversion became the dominant theme. This caused the […]

USD/CAD rises to a 1-week high and is supported by a combination of factors. Oil prices weaken the Loonie and act as a tailwind amid sustained USD buying. Sustained strength beyond 1.3400 could have set the stage for further gains. The pair USD/CAD It is supported by last week’s bounce from support at the 100-day […]