Market News
EUR/USD in a descending channel
Bears do not seem tired yet USD is being supported by the US index of business activity in the manufacturing
February 21, 2020
Bears do not seem tired yet USD is being supported by the US index of business activity in the manufacturing
The descending wave is about to finish Euro-zone’s gross domestic product grew and today Euro-zone’s construction output for December will
Trendline slope is getting higher There are no major economic reports in New Zealand so NZDUSD will be chiefly under
The ascending channel is still valid The business activity indexes in the Markit and ISM services sector all were better
Gold price is trending bullish by the spread of Crona Virus The spread of corona virus is weakening all currencies
The price is on the mid line of the channel The strong growth of the British pound empowered EUR against
Should we be waiting for a big growth? The NY Empire State manufacturing index and the nation’s producer price index
The support level looks too fragile to hold the price New Zealand has released Food Price data and the US
GBP/USD bullish trend seems to be close to its end UK’s Markit manufacturing PMI will be released in a few