The EUR/USD pair broke lower and reached a fresh 2019 low of 1.1233 this Friday, down for a second consecutive week...
Topics in depth
GBP/USD trades above 1.2800, after dipping to lower ground. The market mood improved on reported progress in trade talks. There is no progress on Brexit and an extension is mulled.
Yesterday’s dismal US macro data prompted some aggressive long-unwinding trade. The data overshadowed US-China trade optimism and boosted JPY’s safe-haven demand. The USD managed to regain some positive traction and helped limit deeper losses.
SPECIAL YEARLY FORECAST
Central banks and politics could cause turmoil, but no longer can spur growth. Growth is far worse than what the numbers show, recession at risk of materializing.
The United States economy broke out of its decade-long slough in 2018 with its strongest growth since the financial crisis and recession.
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"Support and Resistance Lines conform the most basic analytical tools and are commonly used as visual markers to trace levels where the price..."