Best Live Forex| Comex| Recommendations Provider

EUR/USD: Weekly Forecast 16th April - 22th April The EUR/USD went into the weekend within sight of its highs attained early on Friday, and continues to find speculative buying persists with the currency pair. The EUR/USD will start the week near the 1.09930 mark, which is a price that has last seen sustained values in March and April of 2022. Yes, the EUR/USD did trade above the 1.10000 level briefly in early February of this year, and this past Friday the currency pair did trade near a high of 1.10800 before faltering. However, sustained prices near these levels have not been accomplished for over a year and speculators who believe the EUR/USD can go higher are certainly looking at their long-term charts to gain perspectives. EUR/USD Battling Highs is a Solid Trend but Concerns Abound The ability to climb over 1.10000 on Friday and move even higher was significant. However, traders need to remain realistic, if the reversal lower didn’t cause concern then it should be remembered th

After nosediving to 1.2401 level in the previous trading session, Sterling found some support in the early Asian hours on Friday, courtesy to the release of better than expected UK macro data. The GfK Consumer Confidence statistics came at -30 vs -36 forecasted. As of now, the cable is trading marginally higher by 0.04% at 1.2432. On Thursday, the pair came under intense selling pressure and registered a massive plunge of 165 pips. This was after the BOE intensified its response to counter the slowdown from the COVID-19 by announcing a 100 billion pound increase in its bond-buying program, while keeping its benchmark interest rates at 0.1%. Further, the BOE Governor, Andrew Bailey stated that the unemployment in Britain remains elevated, despite good rebound in the economy after ease in the lockdown restrictions. Besides, the greenback continued to attract the safe-haven bids as increasing concerns of the second wave of coronavirus across the globe, had directed investors to pr

GBPUSD ticks lower in the Asian session on Thursday as investors remain cautious ahead of BOE Monetary Policy Statement. There is a conviction that apex institute would maintain the status quo on interest rates, although it might expand the quantitative easing to support the economy struggling from the coronavirus induced recession. As of now, the cable is trading 0.05% lower at 1.2542. Meanwhile, concerns about the resurgence in the coronavirus affected cases across the globe has subdued the recent optimism of the economic recovery. On Wednesday, the pound came under pressure and plunged to 1.2510 handle on the release of downbeat inflation statistics. UK yearly core CPI came at 1.2% vs 1.3% expected. However, the pair erased some of its losses as the greenback lost its safe-haven bids on hopes of new coronavirus drug. The steroid drug Dexamethasone has shown positive effects on many coronavirus patients in Britain and is proven to be the first drug to save lives. Subsequentl