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Forex Brokers Update — August 9th, 2020

Forex Brokers Update — August 9th, 2020

No new brokers have been added to our website this week. The following ones have been updated: ATFX opened an office in Poland. 24option is now regulated by IFSC of Belize. ...

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Iraq Says it will Make Additional Supply Cuts, Offering Supportive Price Outlook

Iraq Says it will Make Additional Supply Cuts, Offering Supportive Price Outlook

Iraq said on Friday that it will cut oil production by another 400,000 bpd in both August and September to offset overproduction over the past three months. In a joint statement, ...

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Weekly Forex Technical Analysis (Aug 10 — Aug 14, 2020)

Weekly Forex Technical Analysis (Aug 10 — Aug 14, 2020)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1462 1.1579 1.1682 1.1799 1.1902 1.2019 1.2123 Woodie’s pivot points 2nd Sup 1st ...

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EURUSD Flirts Near July Highs Ahead Of Payrolls Report

EURUSD Flirts Near July Highs Ahead Of Payrolls Report

The euro currency fully recovered from the declines earlier in the week as it approached the July 31st highs. Price action briefly rose to the 1.1900 level once again but fell ...

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Safe-Haven Shifts Away From Greenback

Safe-Haven Shifts Away From Greenback

Employment Data To Lift Dollar Gloom? The US Index looked firmer on the opening session this morning, as it regained a foothold above 93. This comes after recording new 2020 lows ...

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GBPUSD Clears Key Resistance Area Ahead Of Further Gains

GBPUSD Clears Key Resistance Area Ahead Of Further Gains

GBPUSD, upon clearing the resistance level near 1.3122 is seen somewhat weaker. However, amid the current pullback, if price action forms support at 1.3122, then further gains ...

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EUR/USD Sinks After US NFP Beat Expectations

EUR/USD Sinks After US NFP Beat Expectations

EUR/USD was falling today, attempted to bounce after the release of US nonfarm payrolls but failed, and resumed decline with an accelerated pace. While the jobs report was much ...

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AmEx Shares Flat Despite Earnings Beat

AmEx Shares Flat Despite Earnings Beat

Shares in the US credit card company American Express are trading higher by half a percent pre-market on Friday. The company’s stock price has traded in a very tight, shallow ...

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Is Post-Lock Down Optimism Over Before It Has Started?

Is Post-Lock Down Optimism Over Before It Has Started?

The recent weakness of the US dollar seems a cause for concern for investors. Further lockdowns following Covid-19 related infections and high unemployment have weighed down on ...

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The Friday Forex Takeaway – Episode 46

The Friday Forex Takeaway – Episode 46

Key Points From This Week Metals Hit Fresh Highs Gold prices broke out to fresh all-time highs this week as the US Dollar continues to sell off and broader risk factors develop. ...

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