TopAsiaFX

  EUR/USD dropped in September, ending a four-month losing streak.  Risk-on weighs over the dollar and lifts EUR/USD on Thursday.  The ECB’s plan to adopt average inflation targeting could cap the upside in the euro. EUR / USD fell 1.82% in September, confirming its biggest drop in one month percentage since July 2019. The loss in September, which broke a winning trend for four months, came as the US dollar experienced a general recovery oversold. Expectations that the European Central Bank would seek to put the brakes on the rally of the euro also weighed on the common currency. At press time, EUR / USD is trading at 1.1742, representing a gain of 0.18% on the day. rebound looks to have been fueled by gains in Asian stock markets and the dollar’s weakness resulting wide basis. The reports indicating progress in talks fiscal stimulus in the United States appear to have boosted risk appetite. Stocks face selling pressure during the hours of US stock market Wednesday after ...

  EUR/USD clocks six-day highs near 1.1750 as S&P 500 futures rise.  Stock futures draw bids on better-than-expected China PMI data.  President Trump warned of delay in elction outcome during the Presidential debate.  EUR / USD extends gains on Tuesday with forward contracts linked to the S & P 500 earnings amid report of the first US presidential debate involving the president and the candidate of the Republican Party Donald Trump and his rival Democrat Joe Biden Party. The currency pair is currently trading at highs of six days near 1.1750, after rising 0.67% on Tuesday. This was the largest single day percentage gain since August 28. Meanwhile, the S & P 500 futures were up 0.30% and a weight against the dollar refuge. The equity futures contracts appear to have resumed a bid to better than expected China manufacturing PMI released Wednesday morning. President Trump and Democratic candidate Joe Biden sparred on the economy, law enforcement, climate cha...

  GBPUSD stays firm after breaking 100-day EMA the previous day. EU policymakers show preparedness to work on legal agreement. A joint of 21-day and 50-day EMAs lures the pair buyers. 61.8% Fibonacci retracement adds to the downside support. GBP/USD remains positive while rising to 1.2875, up 0.31% on the day, during the Asian session on Tuesday. The cable recently received new shared by the Times suggesting the European Union (EU) is soften position on Brexit negotiations. In addition to the basic principles, the pair of the ability to cross the EMA 100 days also directs bubbles to 1.2910 / 20 confluency comprising resistance 21 days and 50 days EMA. Should GBP/USD buyers remain firm beyond 1.2920, 1.3000 psychological magnet and upper mid-month around 1.3010 will be on their radar. On the contrary, a break down of the EMA 100 days, currently near 1.2830 may be based on 61.8% Fibonacci retracement of the rise from June to September by Major Pound at 1.2721 now. If the quote provid...

  Gold’s weekly chart momentum studies have turned bearish.  The metal risks falling to key support at $1,836.  The market prediction is according to  TopAsiaFX . Gold looks set to extend its recent decline of 1 $ 836 – the 38.2% Fibonacci rally from March to August – the crucial technical indicators have rolled over in favor of the bears. The weekly chart histogram MACD, an indicator used to gauge changes resistance trend and trend, now prints a deeper bar below the zero lines, a sign of the strengthening of the downward trend. The product has a simple moving average crossover negative 5 and 10 weeks. Moreover, Marubozu's bearish candle last week shows bearish sentiment is strong enough. As such, lower support at $ 1836 seems likely. A close above last week’s high of 1966 is necessary to invalidate the bearish outlook. At press time, gold is trading largely unchanged over the day at $ 1,860 per ounce. Prices fell more than 4% last week that the generalized recovery ...

  WTI attempts recovery moves from intraday low of $39.33. 50-bar SMA offers immediate support, 200-bar SMA guards upside moves. Two-week-old ascending trend line, Friday’s top add filters to the momentum. TopAsiaFX representative today’s market forecast WTI takes bids near $ 39.57 during the European pre-trade Wednesday. Although the dark falls again intraday 0.55% at time of press. While 50 SMA bar limits the reference to short-term power cuts, recovery moves are tamed by 23.6% Fibonacci retracement from September 08-18 in reverse SMA and 200 bar. Given the recent decline in movements, WTI oil prices are likely to reduce further loss by questioning the level of Fibonacci retracement of 23.6% to $ 40.51. However, $ 40.00 can provide an intermediate stop during the ascent. In addition to buyers question are the level of $ 41.23 SMA 200 bar and Friday’s high near $ 41.75. Otherwise, 09 September high of $ 38.68 it can appeal to bear on the break level $ 39.46 including the immediate...

  EUR/USD trades largely unchanged on the day near its 50-day SMA.  The pair risks breaching key support on continued risk aversion in stocks.  The options market has flipped bearish with Monday’s drop.  This news is brought you by TopAsiaFX EUR / USD around his comatose simple average 50-day moving (ADM) of 1.1771, investors awaiting fresh clues from European stocks. Monday, the pair has dropped more than 0.5% from 1.1840 to 1.1732, and a. The steam collected clearance sale in Europe after major indexes like the German DAX, CAC of France and the UK FTSE fell more than 3% in early trade, boosting haven demand for the US dollar. Investors sold risk assets on Covid resurgence in Europe, the uncertainty surrounding the elections in the United States, and the publication of leaked documents claiming compliance failures by major banks. If risk aversion deteriorates, the EUR / USD will probably find below the 1.1770 acceptance. This would confirm a head-and-shoulders patte...

  EUR/USD’s uptrend at risk as coronavirus cases rise across the Eurozone.  New lockdown restrictions may force the ECB to adopt a stronger dovish stance.  Traders eye preliminary Eurozone PMI numbers along with virus figures.  TopAsiaFX represented today’s news forecast. A resurgence of cases coronavirus presents a risk to EUR / USD uptrend, which is already showing signs of exhaustion. “The increase in cases of the virus in Europe should be a concern for all traders EUR / USD. The ECB does not fear level of the currency. But if new restrictions lead to a further slowdown, the central bank may have to change its position, “Kathy Lien of BK Asset Management noted in its daily analysis. second wave Last week, Europe reported 300,000 new infections – the largest weekly increase ever, including the first peak in the spring, according to the World Health Organization (WHO) Regional Director Hans Kluge. France, Poland, the Netherlands, and Spain would have to deal wi...