Global stocks staged a remarkable rebound on Tuesday as trade war fears eased. A renewed appetite for risk has punished safe-haven assets such as GOLD. Much attention will be directed towards the CB consumer confidence report for the United States which could support the Greenback. A stabilizing #Dollar has the ability to pressure the #EURUSD, […]

Overview Silver price breached 16.56 level after closing the daily candlestick above it. This confirms the bullish trend on the intraday and short term basis. The upward target is set towards 17.43 as a next main station. Therefore, the bullish trend is expected in the upcoming sessions that is supported by moving above the EMA50. […]

EUR/JPY A bullish signal (“buy” signal) has already been generated on this cross. Price rallied massively yesterday, rising from the demand zone at 129.50, and ramming into the supply zone at 131.50. This is a movement of over 200 pips. Further northwards movement is anticipated this week, and the supply zones at 132.00 and 132.50 […]

GOLD PRICES slipped from an overnight spike to fresh 5-week highs against the falling US Dollar on Tuesday, dropping 1.1% as world stock markets jumped, extending yesterday’s strong rebound on Wall Street.   After suffering its worst week since gold prices peaked in 2011, the US stock market yesterday recorded its strongest 1-day gain since […]

This morning the Euro traded lower on mixed messages from the European Central Bank (ECB). ECB Governing Council member Erkki Liikanen stated that the central bank needs to be patient with tightening due to lower-than-expected inflation and political risks, leaving the door open to an extension to the ECB’s stimulus package. However, Vitas Vasiliauskas became […]

This morning the Euro traded lower on mixed messages from the European Central Bank (ECB). ECB Governing Council member Erkki Liikanen stated that the central bank needs to be patient with tightening due to lower-than-expected inflation and political risks, leaving the door open to an extension to the ECB’s stimulus package. However, Vitas Vasiliauskas became […]

The Germany 30 index has rebounded after hitting a seven-week low of 11,703.80 during Monday’s trading. The index ended up gaining 1.0% during yesterday’s trading, while on Tuesday – at the time of writing – it is up by around 0.8%. The Tenkan-sen line remains below the Kijun-sen line in support of a negative short-term […]

The Germany 30 index has rebounded after hitting a seven-week low of 11,703.80 during Monday’s trading. The index ended up gaining 1.0% during yesterday’s trading, while on Tuesday – at the time of writing – it is up by around 0.8%. The Tenkan-sen line remains below the Kijun-sen line in support of a negative short-term […]

EURJPY rebounded on Friday, after touching a 7-month low of 128.90. The pair surged to encounter resistance at the 131.80 barrier earlier today and has since pulled back somewhat, currently trading near 131.20. Despite the latest bounce though, EURJPY is still 4.5% lower from its 2 ½ – year high of 137.50 reached in early […]

Here are the latest developments in global markets: Forex: Dollar/Yen held strong at 105.63, trading at five-day highs during the early European afternoon, underpinned by hopes that a trade war between the US and China could be averted based on encouraging comments made by US and Chinese authorities in recent days. Not so hawkish remarks delivered by the Atlanta’s […]

USD/JPY There is a rally in the market – in the context of a downtrend. Price jumped on Monday, but that was not significant enough to threaten the overall bearish bias on the market. A movement above the supply level at 106.50 would cause a bearish bias to be threatened, but that would require a […]

USD/CHF A bearish signal has already been generated on the USD/CHF pair. Price has moved lower and it would move lower and lower again, reaching the support levels at 0.9400 and 0.9350. The market will continue to go in the opposite direction to the EUR/USD pair. A strong volatility is in the offing. There is […]

Overview: The USD/CHF pair continues to move downwards from the level of 0.9459. The pair dropped from the level of 0.9496 to the bottom around 0.9459. But the pair couldn’t rebound from the bottom of 0.9459 this morning. Therefore, the first support level is seen at 0.9459, the price is moving in a bearish channel […]

Overview: The NZD/USD pair continues to move upwards from the level of 0.7253. Yesterday, the pair rose from the level of 0.7253 to a top around 0.7300. Currently, the price is seen at the point of 0.7270. Today, the first resistance level is seen at 0.7311 followed by 0.7330, while daily support 1 is seen […]

The Bank of England kept interest rates at 0.50% at last week’s meeting, which was in line with expectations. Moreover, the markets had expected a unanimous decision to maintain rates at 0.50%, but two of the nine members voted in favor of immediately raising rates. The language of policymakers has become increasingly hawkish, and the […]

Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100-1.2200 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450. In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had been previously reached in August 1997. […]

Yesterday the global markets did not receive any shocking new revelation from the White House, but there were signals from China and the US about the willingness to negotiate, so the main discussion in the markets over the last 24 hours began to revolve around the topic, whether the markets not overreacted a little? This […]

In November 2017, evident signs of bullish recovery was expressed around the depicted low (0.6780). An inverted Head and Shoulders pattern was expressed around these price levels. The price zone of 0.7140-0.7250 (prominent Supply-Zone) failed to pause the ongoing bullish momentum. Instead, a bullish breakout above 0.7250 was expressed on January 11. That’s why, a […]

The new series of paintings by Andy Bauch called “New Money” combines art and crypto technology by hiding abstract codes in his Lego graphics. The paintings show private keys to wallets containing up to $ 9,000 in cryptocurrencies. Buying a given work does not mean that you become the owner of a private key because […]

The new series of paintings by Andy Bauch called “New Money” combines art and crypto technology by hiding abstract codes in his Lego graphics. The paintings show private keys to wallets containing up to $ 9,000 in cryptocurrencies. Buying a given work does not mean that you become the owner of a private key because […]

Recently, GOLD has been trading upwards. The price tested the level of $1,356.38. According to the 4H time – frame, I found a strong rejection of supply trendline (resistance) in the background, which is sign that buying looks risky. I also found an overbought condition on the RSI oscillator, which is another sign of weakness. […]

The anxiety surrounding the topic of the trade war weakened somewhat, which allowed the improvement of risk appetite and the rebound of stock exchange Indices. On the currency market USD is in retreat, but also JPY lost more on the cross with AUD and NZD. The night went out without any data or comments, so […]

Recently, the GBP/USD has been trading sideways at the price of 1.4145. According to the 4H time frame, I found the fake breakout of weekly high at the price of 1.4218, which is a sign that buying looks risky. I also found a hidden bearish divergence on the moving average oscillator and the rejection of […]

The BITCOIN (BTC) has been trading downwards. As I expected, the price tested the level of $7.671. Vilnius-based Coingate, cryptocurrency payment gateway for European merchants, is teaming with Paris-based Prestashop, an open source ecommerce solution. The combination means more choices for cryptocurrency enthusiasts and might encourage an increase in adoption. Technical picture looks bearish. Trading […]

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