Welcome to this week’s Market Blast Technicals where we will look at USDCNH, Gold (XAUUSD), EURUSD, and USDJPY.
Read More
On Tuesday last week we covered UK Oil which spent the remainder of the week continuing to move higher to a nine month high above $50, after surging higher from support at the key $43 level. It has eased on two occasions in the last few weeks, before reversing and continuing to rally higher. In the few days before the recent surge, it eased back to the key $43 level and enjoyed some support. In the two weeks prior, UK Oil surged from its lowest level in five months below $36.50 back up to the key $43 level which has again provided stiff resistance before it was able to break through to above $45 before falling back sharply to $43.
Read More
EURUSD - Eases from Two Year High above 1.21 as ECB Set to Increase Stimulus
on December 10, 2020
| By Graeme Watkins
|
EURUSD
In the last few days, the EURUSD has eased from a two year high around 1.2170 back to around 1.2050. In the week prior it had surged higher to the high after breaking through the key 1.19 level which had been applying significant resistance to the currency pair. Any recent attempts to move through this level have been rejected swiftly so it is significant that the EURUSD has been able to maintain the break and continue higher. Several weeks ago, the EURUSD surged higher from below the other current key level of 1.17, before running into the resistance at 1.19.
Read More
Brexit: No-Deal a Possibility. ECB Interest Rate Decision.
on December 7, 2020
| By Brad Alexander
|
EURUSD,
Market Blast Videos,
Brexit,
Fundamental Analysis,
S&P 500,
US500,
Coronavirus,
VIX,
US Stimulus
Welcome to this week’s Market Blast Fundamentals where we will look at the VIX, the S&P 500 (US500), EURUSD, EURCAD, GBPUSD, and EURGBP.
Read MoreWall Street - Time to “Buy the Dip”?
on November 30, 2020
| By Brad Alexander
|
EURUSD,
DJIA,
USDCHF,
Market Blast Videos,
US30,
EURGBP,
USOil,
WTI,
Fundamental Analysis,
AUDNZD
Welcome to this week’s Market Blast Fundamentals where we will look at WTI (US Oil), EURGBP, AUDNZD, EURUSD, USDCHF, and the Dow Jones Industrial Average (US 30).
Read More
On Tuesday last week we covered UK Oil which spent the remainder of the week continuing to push higher before easing a little. In the last week or so, UK Oil surged higher from support at the key $43 level moving to its highest level in nine months near $49. In the few days before the recent surge, it eased back to the $43 level and enjoyed some support. In the two weeks prior, UK Oil surged from its lowest level in five months below $36.50 back up to the key $43 level which has again provided stiff resistance before it was able to break through to above $45 before falling back sharply to $43.
Read More
EURUSD - Threatens Resistance at Key 1.19 Level as ECB Warns over Bank Profits
on November 26, 2020
| By Graeme Watkins
|
EURUSD
In the last week, the EURUSD has maintained pressure on resistance at the key 1.19 level, however in the last 24 hours, it has poked up above this level to reach a three month high. Any recent attempts to move through this level have been rejected swiftly so it will be interesting to see how well it can maintain the break or whether it is sold off again. A few weeks ago, the EURUSD surged higher from below the other current key level of 1.17, before running into the resistance at 1.19. Throughout October, the EURUSD rested on support at the 1.17 level as it reinforced itself as a key level, continuing to prop up the EURUSD and keep it within the range between it and the other key level at 1.19.
Read More
US Stimulus and Vaccine Hopes in Focus.
on November 23, 2020
| By Brad Alexander
|
EURUSD,
DJIA,
Market Blast Videos,
US30,
EURGBP,
USOil,
WTI,
Fundamental Analysis,
Crude Oil,
Coronavirus,
Dow Jones,
US Stimulus
Welcome to this week’s Market Blast Fundamentals where we will look at EURGBP, EURUSD WTI (US Oil), and the Dow Jones Industrial Average (US30).
Read More
On Tuesday last week we covered UK Oil which spent the remainder of the week surging higher before easing back to the key $43 level and below. In the last week or so, UK Oil surged higher from its lowest level in five months below $36.50 back up to the key $43 level which has again provided stiff resistance, before it broke through to a two month high above $45. Leading up to last week’s surge, UK Oil fell away strongly from the key level of $43 which now continues to play a role and in recent time, has provided resistance. Now that it has returned back below this level, the $43 may provide some resistance again, as for the last two months or so, this level has been providing stiff resistance and constant downward pressure on prices.
Read More
EURUSD - Rejected at Key 1.19 Level Again as ECB Hints at More Easing
on November 12, 2020
| By Graeme Watkins
|
EURUSD
In the last few days, the EURUSD has eased away from the key 1.19 level which has again resisted prices and placed downward pressure on the currency pair. In the week leading up to this, it surged higher from below the other current key level of 1.17. Several weeks ago the EURUSD rested on support at the 1.17 level after having recovered in the days before rallying higher back above the key level of 1.17 which has previously supported the EURUSD very well. Over the last few weeks, the 1.17 has reinforced itself as a key level as it continues to prop up the EURUSD and keep it within the range between it and the other key level at 1.19. If it was to fall through 1.17, the next obvious support level is around the 1.16 low which has propped it up on two occasions now in the last few weeks.
Read More
