Daily Market Analysis

The resistance line is limiting USD/JPY on the upside and, unless the pair tries for a breakout (which anyway will meet resistance at 106.50 and 106.80), the easiest path for it will be to go down.

Risk looking positive as we enter European session.

 XAG/USD: Silver stands above the 23.6% retracement area. An indecision still exists.

GBP/USD is now poised to retest the key support level at 1.3000. Jump in for the technical analysis!

The pound has slumped against other major currencies amid fears over the no-Brexit deal. More details have recently come out over EU-UK tensions. Let’s get into them straight away.

ECB President Lagarde offered EUR/USD a free pass to head higher.

ECB September forecasts see higher inflation in 2021, Lagarde says that there is no need to overreact to euro gains.

Commerzbank announced its short- and long- term projections on the South African rand. Let’s discuss it in detail.

The Mexican peso can have a breather as the USD is losing its grip. Read the article and use what you see.

With no major U.S. economic reports scheduled for release today, the U.S. dollar is set to take its cue from political and pharmaceutical headlines.

EUR/JPY: The pair is trading in a bullish sentiment above the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bullish momentum.

Global markets again went their separate ways, with the Japanese, Korean and Chinese markets all falling heavily while European ones rose. Oil prices rebounded overnight as a degree of stability returned to risk assets.