July 22, 2020 - Forex Alchemy

Next South Africa & Turkey Interest Rate Decisions

Traditionally, at this point in the economic cycle, emerging markets should be an appetizing currency play. As risk appetite returns to markets,...

Dollar Struggles Across the Board The dollar realized further declines on Tuesday as the index closed 0.58% lower. The coronavirus situation in...

The precious metal rose to a fresh nine-year high after consolidating over the past few sessions. Price touched the 1841 levels intraday after...

Oil prices are bullish with price action gaining over 3% on Tuesday. The current gains came after oil prices managed to break out to the upside...

The pound sterling is on track for a bullish continuation. After clearing the key price level near 1.2643, GBPUSD is likely to continue the...

The common currency posted a fresh four-month high on Tuesday. The gains were driven by the news that the EU leaders agreed to a new EU wide...

EUR/USD The euro rose by 78 points yesterday due to information that the 750 billion euro fund for the EU’s recovery from coronavirus has...

AUD/USD The Australian dollar expectedly increased yesterday, which turned out to be quite strong, and gained 110 points. A triple divergence...

USD/JPY The Japanese yen strengthened by 45 points on Tuesday – investors began to buy it on fears of a new wave of falling stock markets....