Euro: USD/EUR (EUR=X) Uncertainty remains high amid the coronavirus pandemic, investors cautious

Euro: USD/EUR (EUR=X) Uncertainty remains high amid the coronavirus pandemic, investors cautious The euro was a relative underperformer yesterday in the FX market, taking EUR/USD’s price back below its 200-day moving average and broke below its weekly support level before partially, testing conformist breakout strategies at the very start of the week. The news thus far hasn’t been…

British Pound: USD/GBP (GBP=X) receives material support near the 20 EMA at 1.2250

British Pound: USD/GBP (GBP=X) receives material support near the 20 EMA at 1.2250 UK Q4 GDP Growth Rate Is Flat Quarter-Over-Quarter The U.S. dollar tried to gain ground against the British pound but GBP/USD received support near the 20 EMA at 1.2250. The number of coronavirus cases in the U.S. continued to increase and reached 164,603 according to data…

United States Oil (USO) – Trump, Putin agree to talks on energy market stabilization

United States Oil (USO) – Trump, Putin agree to talks on energy market stabilization Oil prices firmed on Tuesday after U.S. President Donald Trump and Russian President Vladimir Putin agreed to talks aimed at stabilizing energy markets, with benchmarks climbing off 18-year lows hit as the coronavirus outbreak cut fuel demand worldwide. Brent crude was up by 61 cents,…