Daily Forex Trading News from Valutrades

EURUSD - Applying Pressure on Resistance at 1.10 as EU Borrows More

on May 28, 2020 | By Stuart McPhee | EURUSD

In the last week or so the EURUSD has rallied higher again up towards the current key level of 1.10 which has offered resistance on several occasions in the last month or so. Only a few weeks ago, the EURUSD eased away from resistance at 1.10 and enjoyed more support from the 1.0750 area for more than one week, as the EURUSD has done well to consolidate in this range. During this time, the EURUSD has been able to slow down, having previously surged back higher from a three year low near 1.06 up above the key 1.11 level in the second half of May, before easing back below 1.10 again.

Market Recap: 11 - 15 May

on May 18, 2020 | By Stuart McPhee | EURUSD, USDJPY, DJIA, UKOil, US30

On Tuesday last week we covered UK Oil which spent the remainder of the week pushing up to a one month high near $33. For the last week UK Oil settled right around the key $30 level after rallying well off multi-year lows below $16. Prior to the rally UK Oil fell down to the multi-year low as it struggled to get any support. It was initially receiving solid support from another key level of $25 which had supported it well for several weeks, which was so desperately needed, so it was telling when its largest fall was breaking through this level a few weeks ago.

EURUSD - Remains Well Supported by 1.0750 as German Court Surprises ECB

on May 14, 2020 | By Stuart McPhee | EURUSD

In the last week or the EURUSD has eased away from resistance at 1.10 again and enjoyed more support from the 1.0750 area. Two weeks ago the EURUSD rallied well back up towards 1.09 after having spent two weeks easing away from resistance at the key 1.10 level. The last few weeks has seen the EURUSD slow down a little, as it has been on a rollercoaster ride, surging back higher from a three year low near 1.06 up above the key 1.11 level in the second half of May, before easing back below 1.10 again.

Gold in Consolidation. S&P Approaching 200 DMA.

on May 12, 2020 | By Brad Alexander | EURUSD, XAUUSD, USDCAD, Gold, EURJPY, Technical Analysis, S&P 500, US500, Market Blast

Welcome to this week’s Market Blast Technicals where we will look at EURJPY, the S&P 500 (US500), EURUSD, USDCAD and Gold (XAUUSD).

Market Recap: 27 April - 1 May

on May 4, 2020 | By Stuart McPhee | EURUSD, USDJPY, DJIA, US30, UK Oil

On Tuesday last week we covered UK Oil which spent the remainder of the week rallying higher back above the key $25 level. In the last few weeks UK Oil has fell down to a multi-year low below $20 as it struggled to get any support, and it fell sharply last week through the support level at $25 and attempted to rally higher before easing again. It has therefore done well to get back above this level and it will be interesting to see what support UK Oil receives from $25. Only a few weeks ago it was trading in a narrow range roughly between $30 and $35 after rallying off the solid support at $25.

EURUSD - Remains Below 1.10 as ECB Looks to Strike Again

on April 30, 2020 | By Stuart McPhee | EURUSD

The EURUSD has rallied well in the last week back up towards 1.09 after having spent two weeks easing away from resistance at the key 1.10 level. The last few weeks has seen the EURUSD slow down a little, as it has been on a rollercoaster ride, surging back higher from a three year low near 1.06 up above the key 1.11 level in the second half of March, before easing back below 1.10 again. The EURUSD has enjoyed some support from the 1.0750 level on several occasions now as it is currently trading in a range between that level and resistance at 1.10.

Double Top on Gold. EURJPY Heading Lower.

on April 28, 2020 | By Brad Alexander | EURUSD, AUDUSD, USDJPY, XAUUSD, Gold, JP225, Technical Analysis, Market Blast

Welcome to this week’s Market Blast Technicals where we will look at EURJPY, the Nikkei (JP225), AUDUSD, EURUSD, USDJPY, and Gold (XAUUSD).

No Demand for Crude - High Demand for Crude Storage

on April 20, 2020 | By Brad Alexander | EURUSD, GBPUSD, XAUUSD, DE30, Gold, Fundamental Analysis, Brent Crude, DAX, Coronavirus, Market Blast

Welcome to this week’s Market Blast Fundamentals where we will look at Coronavirus, EURUSD, GBPUSD, Gold (XAUUSD), the DAX (DE30), and UK Oil (Brent Crude).

Market Recap: 13 - 17 April

on April 20, 2020 | By Stuart McPhee | EURUSD, USDJPY, DJIA, UKOil, US30, UK Oil

On Tuesday last week we covered UK Oil which spent the remainder of the week easing back below $30 again. In the week prior, UK Oil traded in a narrow range roughly between $30 and $35 and it has consolidated well after such significant falls in March. In the two weeks prior, it also traded in a narrow range between an 18 year low around $25 and $29, after having fallen dramatically throughout the previous three weeks, finding little support from anywhere on its way down.

EURUSD - Remains Below 1.10 as IMF Compares to Great Depression

on April 16, 2020 | By Stuart McPhee | EURUSD

The EURUSD has rallied well in the last two weeks however it has run into a wall of resistance at the key 1.10 level and eased lower again. If anything, the last two weeks has seen the EURUSD slow down a little, as it has been on a rollercoaster ride, surging back higher from a three year low near 1.06 up above the key 1.11 level in the last month, before easing back below 1.10 again. In the two weeks prior, the EURUSD fell sharply from its highest level in more than 12 months above 1.15 down to near 1.06 before rallying in the week after.

EURUSD - Applying Pressure on Resistance at 1.10 as EU Borrows More

Market Recap: 11 - 15 May

EURUSD - Remains Well Supported by 1.0750 as German Court Surprises ECB

Gold in Consolidation. S&P Approaching 200 DMA.

Market Recap: 27 April - 1 May

EURUSD - Remains Below 1.10 as ECB Looks to Strike Again

Double Top on Gold. EURJPY Heading Lower.

No Demand for Crude - High Demand for Crude Storage

Market Recap: 13 - 17 April

EURUSD - Remains Below 1.10 as IMF Compares to Great Depression

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