Previously, a sideway consolidation range was established in the price range extending between 1.0770 – 1.1000. On May 14, evident signs of Bullish rejection have been manifested around the price zone of (1.0815 – 1.0775). Moreover, recent ascending bottom has been established around 1.0870 which enhances the bullish side of the market in the short-term. […]

Previously, a sideway consolidation range was established in the price range extending between 1.0770 – 1.1000. On May 14, evident signs of Bullish rejection have been manifested around the price zone of (1.0815 – 1.0775). Moreover, recent ascending bottom has been established around 1.0870 which enhances the bullish side of the market in the short-term. […]

Today, there are no significant changes in the course of the greenback in relation to the euro and the yen. The rate of the euro this morning amounted to 1.1213 dollars. Recall that the previous trading day closed at around 1.1218 dollars per euro. Yen against the euro was at around 120.06 yen per euro, […]

Today, there are no significant changes in the course of the greenback in relation to the euro and the yen. The rate of the euro this morning amounted to 1.1213 dollars. Recall that the previous trading day closed at around 1.1218 dollars per euro. Yen against the euro was at around 120.06 yen per euro, […]

NZDUSD’s positive picture appears to withstand negative pressures, glued just under the 50- and 100-period simple moving averages (SMAs) and holding just inside the Ichimoku cloud. The pair has adopted a horizontal tone over the last weeks, something also mirrored in the unclear Ichimoku lines and the mostly horizontal state of the Ichimoku cloud. Presently […]

NZDUSD’s positive picture appears to withstand negative pressures, glued just under the 50- and 100-period simple moving averages (SMAs) and in the Ichimoku cloud. The pair has adopted a horizontal tone over the last weeks, something also mirrored in the unclear Ichimoku lines and the mostly horizontal state of the Ichimoku cloud. Presently above the […]

The British pound has become very sensitive to changes in risk sentiment lately, with Cable transforming into a ‘risk on’ – ‘risk off’ pair whose fortunes are connected more to stock market performance than UK fundamentals. As such, a better proxy for Brexit developments in this new era may be euro/sterling. Overall, downside risks seem […]

The British pound has become very sensitive to changes in risk sentiment lately, with Cable transforming into a ‘risk on’ – ‘risk off’ pair whose fortunes are connected more to stock market performance than UK fundamentals. As such, a better proxy for Brexit developments in this new era may be euro/sterling. Overall, downside risks seem […]

Today, there are two main problems in the oil market. The first one is a huge surplus in oil stockpiles. Moreover, the situation is deteriorated by fears of the second wave of coronavirus. Chris Midgley, a director of S&P Global Platts Analytics, assumes that oil demand will rise by 4 million barrels per day each […]

If the White House does not abandon the idea of a V-shaped recovery of US GDP, the Fed is cautious and argues that the return of the economy to the trend will not be as fast as many believe. Optimists believe in an early victory over COVID-19, and pessimists are pointing facts in their faces […]

If the White House does not abandon the idea of a V-shaped recovery of US GDP, the Fed is cautious and argues that the return of the economy to the trend will not be as fast as many believe. Optimists believe in an early victory over COVID-19, and pessimists are pointing facts in their faces […]

As the risk rally fizzles out amid rising concerns about a second wave of virus infections in the United States, the all-important jobs report has the capacity to either calm or scare jittery markets. With very few other top tier releases on the agenda next week, it’s hard to see anything other than the virus […]

The US 30 cash index has lost its strong positive momentum after the pullback from the three-and-half month high of 27,369 on June 9. The price found strong resistance at the 200-period simple moving average (SMA) over the last few days and is still consolidating above the 23.6% Fibonacci retracement level of the up leg […]

Japan’s Covid-19 contact-tracing app has been downloaded more than 4 million times since its launch a week ago as the government seeks to head off a second wave of infections now that businesses and schools have reopened.Health ministry official Yasuyuki Sahara said while there was no target number for downloads, “we want to make as […]

Markets showed signs of optimism on Friday, with European shares opening higher and oil prices rising despite a record number of new Covid-19 infections in the United States. They rose across the US by at least 39,818 on Thursday, the largest one-day increase of the pandemic. The governor of Texas temporarily stopped the state’s reopening […]

Corona virus summary: France’s health minister, Olivier Veran, says the scheme involving residents of 30 districts who have been invited to take a diagnostic virology test, could be extended to the rest of France if it proves useful. The virology tests, as opposed to blood antibody tests, are usually done by taking a swab from […]

Europe is going through tough times. The EU economy is in danger because emergency programs are about to expire. Restaurant owners could meet with great difficulties. Mr. Carvalho owns a restaurant in Braga next to the country’s oldest cathedral. He said that income is less than a third of the level that existed before the […]

Good day, dear traders! Daily At yesterday’s trading, the pound/dollar currency pair showed quite interesting dynamics. The quote rose to 1.2462, however, it failed to gain a foothold above the strong technical level of 1.2453 and turned south. The minimum values of Thursday’s trading were shown at 1.2388, however, the bears did not manage to […]

To open long positions on GBPUSD, you need: Buyers of the pound tried several times today to keep the pair above the support of 1.2395, however, they still missed this level. If you look at the 5-minute chart, you will see how the bears achieved a breakout of the support of 1.2395 and now the […]

Good afternoon, dear traders! I present to you the trading idea for S&P 500. Over the past two weeks, the instrument has left a very interesting platform with the stops of sellers trading against the trend. On the other hand, a pin bar appeared on D1 yesterday, On the other hand, a pin bar appeared […]

USD/JPY is trading at 106.90 after the failure to take out the near-term resistance levels, still, the drop could be only a temporary one if the Nikkei and the USDX will climb higher in the short term. The US data could be decisive today for the USD, some goo figures could help the pair to […]

To open long positions on EURUSD, you need: A small upward correction of the euro in the first half of the day ended with another failure of buyers, while the bears continue to actively protect the resistance of 1.1234, below which they managed to gain a foothold yesterday. If you look at the 5-minute chart, […]

To open long positions on EURUSD, you need: A small upward correction of the euro in the first half of the day ended with another failure of buyers, while the bears continue to actively protect the resistance of 1.1234, below which they managed to gain a foothold yesterday. If you look at the 5-minute chart, […]

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. Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning. […]

One of the key issues in the cryptocurrency sphere is the possibility of combining digital payment means and traditional ones. Disputes between supporters and opponents of the synthesis of virtual and actual money do not subside. Nevertheless, many experts and crypto enthusiasts support the idea of combining online and offline payments. Among the proponents of […]