Technical Analysis

Daily Technical analysis for October 26, 2020

The EURUSD is moving in an upward direction on the hourly interval. The price is close to the resistance level at 1.1880, and it is likely to drop in the coming

Daily Technical analysis for October 23, 2020

The EURUSD is moving in an upward direction on the hourly interval. We are waiting for the euro to drop to the price level of 1.1760 to buy again.

Daily Technical analysis for October 22, 2020

The EURUSD is moving in an upward direction on the hourly interval. The euro is close to the resistance level at 1.1880 and the upper boundary of the bullish cl

Fundamental Analysis

Britain’s economic recovery fades in October

PMI for the services sector in Britain came in at 52.3, less than the expectations that indicated a growth in the sector of 53.4, while the reading for Septembe

Euro halts rally after Germany’s confidence data

The euro witnessed a decline during Thursday’s trading, ending a four-session wave of rise against the dollar. This comes after data on consumer confidence in G

Pound Sterling jumps after UK inflation data

The British pound rose against the dollar on Wednesday, marking its highest level since the beginning of the week, after the release of a number of data from th

Forex News

Germany’s business confidence retreats in October

Germany’s business confidence came worse than forecast in October, halting its rise for the first time in six months, probably due to the rise in coronavirus ca

US economic activity climbs to record high

Economic activities in the United States hit a record high in October to downplay uncertainty about U.S. election and stimulus, as well as the rising risk from

US retail sales for September smash forecasts

Retail sales from the United States showed a significant increase, thereby reflecting the improvement in household sector, but concerns remain about the deterio