The daily reports for important events that affects the forex, stocks and commodities markets.

06/06/2023 Daily Reports

Support Level: 1.0630 – 1.0500 – 1.0400 Resistance Level: 1.0780 – 1.0850 – 1.0900 EUR/USD EUR/USD erases some of its previous losses, sponsored by weaker orders in factories in the US, alongside mixed ISM readings. European Central Bank President Christine Lagarde and other policymakers’ hawkish comments also lifted the Euro. The EUR/USD is trading at […]

The daily reports for important events that affects the forex, stocks and commodities markets.

05/06/2023 Daily Reports

Support Level: 1.0630 – 1.0500 – 1.0400 Resistance Level: 1.0780 – 1.0850 – 1.0900 EUR/USD EUR/USD slumps from weekly highs reached as a knee-jerk reaction to a solid US jobs report, driving the pair towards 1.0779 before sliding toward daily lows. The labor market in the United States stayed strong but saw slight signs of […]

The daily reports for important events that affects the forex, stocks and commodities markets.

02/06/2023 Daily Reports

Support Level: 1.0630 – 1.0500 – 1.0400 Resistance Level: 1.0770 – 1.0850 – 1.0900 EUR/USD EUR/USD shifted gears after printing a weekly low of 1.0635, climbs bolstered by dovish US Fed officials’ comments, alongside soft economic data from the US. Therefore, investors looking towards a less hawkish Fed dumped the US Dollar in favour of […]

The daily reports for important events that affects the forex, stocks and commodities markets.

01/06/2023 Daily Reports

Support Level: 1.0630 – 1.0500 – 1.0400 Resistance Level: 1.0760 – 1.0850 – 1.0900 EUR/USD EUR/USD stumbles past the 1.0700 mark erasing last Tuesday’s gains, and extends its fall toward the 1.0660s area after upbeat economic data from the US boosted the greenback. Earlier, EU data showed that inflation is easing, hence the EUR weakness. […]

The daily reports for important events that affects the forex, stocks and commodities markets.

31/05/2023 Daily Reports

Support Level: 1.0670 – 1.0600 – 1.0500 Resistance Level: 1.0760 – 1.0850 – 1.0900 EUR/USD EUR/USD snaps five straight days of losses, rising some 0.30% in the North American session after a tranche of EU economic data showed that inflation in some countries of the bloc appears to ease. Meanwhile, consumer confidence advances in the […]

The daily reports for important events that affects the forex, stocks and commodities markets.

30/05/2023 Daily Reports

Support Level: 1.0700 – 1.0630 – 1.0500 Resistance Level: 1.0760 – 1.0850 – 1.0900 EUR/USD After bottoming out in multi-week lows just pips above the key 1.0700 mark on Friday, EUR/USD manages to regain some composure and navigates the low-1.0700s on Monday on the back of the generalized lack of direction in the global markets. […]

The daily reports for important events that affects the forex, stocks and commodities markets.

23/05/2023 Daily Reports

Support Level: 1.0710 – 1.0630 – 1.0500 Resistance Level: 1.0850 – 1.0900 – 1.0950 EUR/USD The EUR/USD began the week sideways, clinging to the 1.0800 mark amidst a slightly upbeat market sentiment sponsored by an improvement in US ceiling discussions, despite hawkish rhetoric by Federal Reserve’s officials. At the time of writing, the EUR/USD is […]

The daily reports for important events that affects the forex, stocks and commodities markets.

22/05/2023 Daily Reports

Support Level: 1.0710 – 1.0630 – 1.0500 Resistance Level: 1.0850 – 1.0900 – 1.0950 EUR/USD EUR/USD rebounds from its weekly lows, reclaiming near the 1.0800 figure following US Federal Reserve Jerome Powell’s remarks, in which he opened the door for a pause on the Federal Reserve tightening cycle. In addition, a risk-on impulse dented an […]

The daily reports for important events that affects the forex, stocks and commodities markets.

19/05/2023 Daily Reports

Support Level: 1.0710 – 1.0630 – 1.0500 Resistance Level: 1.0850 – 1.0900 – 1.0950 EUR/USD EUR/USD is attempting to correct the heavy selling that has taken place over the course of several days. EUR/USD is currently trading at 1.0773 and is down some 0.66%, traveling between a low of 1.0762 and 1.0848 the high. No […]

The daily reports for important events that affects the forex, stocks and commodities markets.

18/05/2023 Daily Reports

Support Level: 1.0810 – 1.0710 – 1.0630 Resistance Level: 1.0900 – 1.0950 – 1.1000 EUR/USD Sellers remain in control of the sentiment around the European currency – and the risk complex in general – and now drag EUR/USD to new lows in the vicinity of 1.0810 on Wednesday. The persevering risk aversion continues to underpin […]