FXTM Forex Market News

2021-05-06 11:19:51 Investors awaiting US jobs report before making the next move
https://www.forextime.com/market-analysis/investors-awaiting-us-jobs-report-making-next-move Open / Comment

2021-05-06 06:53:22 The world’s most traded currency pair could be about to drop further.

EURUSD has formed what’s known as a “death cross”, whereby its 50-day simple moving average has crossed below its 200-day counterpart.


Such a technical event typically heralds further declines.


The currency pair is now testing the psychological 1.20 mark as a support level, failing which then the early-February low of around 1.1955 could be the next area of interest for bears.



May is typically a bad month for the euro. Over the past 10 years, the euro has averaged a 1.63% monthly decline versus the... Read More (https://www.forextime.com/market-analysis/eurusd-forms-death-cross) Open / Comment

2021-05-06 06:53:22 Open / Comment

2021-05-06 06:53:22 EURUSD forms death cross
https://www.forextime.com/market-analysis/eurusd-forms-death-cross Open / Comment

2021-05-05 21:11:48 Global equity bulls were back in action on Wednesday, shaking off jitters triggered by China-Taiwan tensions and comments from Treasury Secretary Janet Yellen.

 

European markets closed green thanks to encouraging data from Europe while tech shares led a rebound on Wallstreet.

 



 

Treasury Secretary Janet Yellen rattled financial markets yesterday by suggesting that interest rates may need to rise to prevent the US economy from overheating. The negative reaction witnessed across the equity space laid bare the market sensitivity to inflation... Read More (https://www.forextime.com/market-analysis/stock-markets-rebound-dollar-standby) Open / Comment

2021-05-05 21:11:48 Open / Comment

2021-05-05 21:11:48 Stock markets rebound, Dollar on standby
https://www.forextime.com/market-analysis/stock-markets-rebound-dollar-standby Open / Comment

2021-04-23 22:16:40 Investors kicked off Monday in a cautious mood as the Covid menace hijacked the headlines. 

According to the World Health Organisation (WHO), the number of new global coronavirus cases surpassed 5.2 million last week – the most in a single week since the pandemic began.



It did feel like a sluggish start to the week, especially when considering how the calendar was void of any major economic releases from the United States, United Kingdom, and Europe. 

In our technical outlook, we covered the not so mighty Dollar which got hammered by G10 currencies. ... Read More (https://www.forextime.com/market-analysis/week-review-covid-fears-dollar-depressed-biden-tax-plans) Open / Comment

2021-04-23 22:16:40 Open / Comment

2021-04-23 22:16:40 Week In Review: Covid Fears, Dollar Depressed, Biden Tax Plans
https://www.forextime.com/market-analysis/week-review-covid-fears-dollar-depressed-biden-tax-plans Open / Comment