Economic recovery is still under pressure of COVID-19 due to the rapid growth in the number of new cases. This caused a fall in Chinese shares. On Wall Street, stocks dropped by more than 2% last week. The Shanghai Composite Index fell by 0.61% to 2,961.52 points, while the blue-chip CSI300 index ended down 0.71% […]

Brent crude oil futures stretched their two-month rally to a more than three-month high of 44.00 last Tuesday before pulling slightly lower. The RSI seems to be gaining momentum above the 50 level, while the stochastic oscillator is ready to post a bullish crossover within its %K and %D lines above the oversold territory. The […]

Corona virus summary: Boris Johnson has admitted the coronavirus crisis has been “an absolute nightmare for the country”, while declaring it was time for a “Rooseveltian approach to the UK” but not yet time for an inquiry. “I don’t think the moment is right now for consecrating a huge amount of official time to all […]

Coronavirus pandemic has negatively affected markets. So, in the first six months, prices of most commodity assets slumped. Nevertheless, the next six months could also be difficult. Market could face the second wave of COVID-19 and an active presidential race in the United States. This, in turn, may have an impact on oil, gas, gold, […]

Corona virus summary: China’s military has approved a coronavirus vaccine for use within its ranks that has been developed by its research unit and a biotech firm. More than half of 17 candidate vaccines identified by the World Health Organization that are in clinical evaluation involve Chinese companies or institutes. Hong Kong-listed CanSino Biologics said […]

To open long positions on GBPUSD, you need: Buyers failed to take advantage of the Asian upward momentum and retreated from the market after a sluggish attempt to update the resistance of 1.2395, which I drew attention to in my morning forecast. If you look at the 5-minute chart, you will see how the bulls […]

Corona virus summary: Chinese authorities have put almost half a million people in Hebei province, which surrounds Beijing, under lockdown as a fresh outbreak in the capital continues to fan fears of a second wave of the coronavirus. Anxin county, about 145km (90 miles) from Beijing, has “sealed off” residential areasand restricted people from leaving […]

On the morning of June 29, the S&P 500 went on a good correction. Now there will be a new attempt at medium to medium growth where you may aggressively try to buy. However, you have to consider selling from the highs as the US economy has shown a rebound from the lows, which may […]

The week began with another challenge for the Australian dollar. According to analysts, the Aussie will have to make a lot of efforts to stay afloat in the near future. Last week, the Australian dollar grew along with the New Zealand dollar. According to experts, it contributed to the decrease of unemployment in the country […]

Risk Warning: 73.57% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

AUDUSD has been on the sidelines over the last two weeks as the 0.6975 resistance and the 0.6800 handle seem to be a real struggle for traders. Technically, the price could lose some ground in the short-term as the RSI is flattening below 50, while the MACD is flirting with its trigger and zero lines. A […]

USDJPY appears to be maintaining a horizontal trajectory trapped between the 200-period simple moving average (SMA) and the 50-period SMA. A paused state of directional momentum is reflected in the Ichimoku lines, while the price rests around the upper surface of the Ichimoku cloud. The mixed signals in the short-term oscillators further reflect the stall […]

Hello! At last week’s trading, the dollar/yen currency pair showed growth, strengthening by 0.32%. It is worth noting that the situation in the world has not improved. Several countries have seen a surge in the second wave of COVID-19, including the United States itself. Also, mass riots related to the murder of a black American, […]

In the first half of June, the Federal Reserve bought $ 428 million worth of bonds from individual companies such as Walmart and AT&T, major oil companies such as Philip Morris International Inc and the utility subsidiary of billionaire Warren Buffett of Berkshire. The goal of the program was to guarantee that companies can continue […]

Today we take a look at NZDUSD and see how we are going to play the bounce! We use Fibonacci retracements, extensions, support/resistance, momentum and trend lines to identify trading opportunities in this exciting pair today! The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Analysis and forecast for USD/JPY on June 29, […]

Risk Warning: 73.57% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

Risk Warning: 73.57% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

GBP/USD – 1H. Hello, traders! According to the hourly chart, the pound/dollar pair continues a very weak decline process. The previous downward corridor changed the angle of inclination and now again holds the pair inside, describing the current mood of traders as “bearish”. At the same time, the growth of the US dollar is completely […]

Well, it’s time to sum up the results of the weekly trading on June 22-26 and forecast the development of events in the opening weekly trading session. First of all, it is worth noting that at the trading of the past five days, the US dollar showed mixed dynamics concerning its main competitors. As noted […]

Crypto Industry News: Tokai Tokyo Financial Holdings, one of the main traditional Japanese financial institutions, has presented a plan to develop a security tokens exchange. Tokai Tokyo is already an investor in Huobi Japan. According to Nikkei, the first step on this journey was for Tokai Tokyo to invest in Hash Dash Holdings to use […]

Trading Recommendation Entry: 73.84 Reason for Entry: Horizontal swing high resistance Take Profit :73.24 Reason for Take Profit: Horizontal swing low support Stop Loss:74.34 Reason for Stop loss: Horizontal swing high resistance The material has been provided by InstaForex Company – www.instaforex.com Related Posts:USD/JPY facing bearish pressure, potential for further drop June 29, 2020 Trading […]

Crypto Industry News: Over the past few years, cryptocurrencies have attracted a lot of interest from institutional investors. Encryption has become quite popular due to more rules on the digital asset market. However, since most economies work with digital resources, there has also been pressure to strengthen regulations so that cryptocurrencies do not become a […]

Technical Market Outlook: The GBP/USD pair has made a new local low at the level of 1.2313, so the 1:1 market geometry targets has been hit. The bounce from the level of 1.2328 is targeting the nearest technical resistance located at the level of 1.2406, but the key short-term resistance is still seen at the […]

For the euro/dollar pair, the price is close to the cancellation of the downward structure of June 23, for which a breakdown of 1.1290 is necessary. For the pound/dollar pair, we are watching the descending structure of June 24. The level of 1.2475 is the key support for the bottom. For the dollar/franc pair, monitor […]

EURUSD seems to be trading within a downward-sloping channel on the daily chart which seems to be part of a bullish flag formation created after the steep rally to 1.1421. The pattern is a positive signal that the downside correction in the price is temporary and the market could soon resume its upward direction once the bulls smash the […]