USDMXN retreat after earlier today rejected for the second time at the 100-day moving average. During July the pair is hovering around the 50 and 100-day moving average after the correction from multi-year highs
Job Title:
Forex Analyst
Home Location:
London, United Kingdom
Education:
Finance at Golden Gate University
Expertise:
Technical Analysis · forex · Stocks · Crypto · Writing
Knows About:
Technical Analysis · forex · Stocks · Crypto · Writing
Summary:
Technical analyst of forex, stock market indices and commoditiesTechnical analyst of forex, stock market indices and commodities
PositionForex Analyst
JoinedOct 07, 2021, 13:51 BST
Articles832
Nikolas Papas is a technical analyst of forex, stock market indices and commodities. His skills include technical analysis, forex, stocks, crypto and financial writing.
The Dow Jones futures extend loses to almost 100 points as investors turn their back to risky assets amid the rising number of coronavirus cases in some U.S. states and Tokyo overnight.
EURGBP finds support at the 50-day moving average at least for now as it hit the daily lows at 0.8945 and bounced above the 0.8950 mark. Euro reacted positively on better than expected economic news
Bitcoin price retreat for second consecutive trading session after the number one cryptocurrency rejected twice at the 50-day moving average. Bitcoin has returned today to the well-known trading zone
FTSE 100 extends losses for the fourth consecutive session amid the rising fear of new coronavirus cases. Yesterday Tokyo reported a new record of daily infections
Chinese markets fell for the first day this week mirroring Wall Street and Asian indices as the fear of a second coronavirus wave rise after the USA reported more than 60,500 new coronavirus cases.
Brent crude oil price turns sharply lower during the American trading session as the fear about the second wave of coronavirus infections might cancel the global economic recovery.
Google extends yesterday’s gains and now approaching the all-time highs as the positive momentum around the technology sector continues with intense buying in China and USA.
USDCAD extends yesterday's losses to two-week lows amid general USD weakness as investors ignore the rising number of new coronavirus cases and focus on more risky assets while dumping USD which acted as a safe-haven asset during the pandemic.
S&P 500 futures hover around the unchanged level on Thursday morning digesting yesterday’s gains as the coronavirus new infections continue to rise in the USA as does the new hospitalizations.
Ripple price gives up some of yesterday’s sharp gains, but the bulls managed to pare heavy morning loses. Ripple has gained over 18% in the last four trading sessions
Gold price ease today after the precious metal yesterday hit the highest level since September of 2011 on fears of a second coronavirus wave. This week reported a record number of new coronavirus infections in the USA