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October 28, 2020
GBP/USD Price Analysis: Bulls need support to hold bearish pressures
GBP/USD is denying the bulls a clean break to the upside. Bulls remain in play while above the critical support.  In an update to yesterdays analysis, GBP/USD Price Analysis: Bulls could emerge again on test of 1.3080, the price action of cable has been bearish within a bullish setup, although the support structure holds and…
October 27, 2020
AUD/USD is sliding on COVID-19 wave fears in early Asia ahead of CPI
AUD/USD is wilting in early Asia on COVID-19 woes and ahead of key data.  There are downside risks to the AUD should US election polls narrow from here. AUD/USD is currently trading at 0.7117, under some pressure in early Asia ahead of key data for the day ahead.  A slightly risk-on tone in other asset…
October 27, 2020
EUR/USD prerssured on the French COVID-19 lockdown news
EUR/USD falls to print fresh lows on French lockdown news.  France expected to announce a nationwide lockdown tomorrow to start on Thursday night. EUR/USD is up against coronavirus pressures which are seeing the pair extend the downside to a fresh low since Wall Street's open to 1.1783. At the time of writing, the pair is trading…
October 27, 2020
USD/CHF fails to break above 0.9090 resistance area
US dollar upside attempt has been capped right below 0.9100. The dollar loses momentum as risk aversion eases. Traders become increasingly cautious ahead of the US elections. The US dollar attempted to break above the top of the last five days’ trading range, at 0.9090, on Tuesday to find sellers at 0.9095 before retreating to…
October 27, 2020
WTI falls 1.2% on inventory data
WTI drops on API data, extending the recently formed bearish trend.  Technically, the price is deteriorating on a daily outlook.  The price of oil has fallen in recent trade as the recent inventory data shows a build on stockpiles, weighing on WTI. At the time of writing, WTI is trading at $38.97 and is down…
October 27, 2020
France plans 1-month lockdown starting midnight Thursday
France plans 1-month lockdown starting midnight Thursday. The new lockdown will be more flexible, however, than previous lockdown. More to come..
October 27, 2020
GBP/USD pulls back from session highs and returns to 1.3050
GBP/USD limited below 1.3100, returns to the mid-range of 1.3000. The pound picks up on Tuesday following a three-day decline. GBP/USD seen between 1.2900 and 1.3120 in the near-term. Sterling’s bullish reaction witnessed on the early US session has lost steam right ahead of 1.3100 and the pair has returned to the mid-range of 1.3000….
October 27, 2020
Wall Street Close: Bears take profits, bulls support tech
Unofficially, the Dow Jones Industrial Average lost  221.37 points or 0.8%. The S&P 500 SPX lost 10.23 points, or 0.30%. The Nasdaq put on 72.41 points, or 0.64%. Wall Street was less eventful on Tuesday but managed to see stocks looking healthier, albeit little changed. On Monday, all the three major stock indexes chalked up their…