Investors could not ignore the risks of the second wave of the pandemic anymore, which calls into question the V-shaped economic recovery. The demand for the US currency has risen sharply, as market players now prefer a safe haven, avoiding investment in risky assets. On the side of the US currency, there is an increase […]

From the point of view of complex analysis, we can see the reversal of quotes which led to a recovery of more than half relative to the correction. The past trading day was expressed in a downward course, in which during the time spent at a standstill between the values 1.1300 and 1.1350, a sufficient […]

Corona virus summary: Israel is experiencing an alarming surge in new coronavirus cases which has prompted the government to approve reimposing a controversial tracking system administered by the country’s domestic security agency, the Shin Bet. Cases in the country have rocketed again after Israel eased restrictions at the end of May, a move that coincided […]

To open long positions on GBPUSD, you need: From a technical point of view, nothing changed in the first half of the day, except that the bears formed a sell signal for the pound, which I spoke about in my morning forecast. If you look at the 5-minute chart, you will see how sellers are […]

Corona virus summary: The world faces a shortage of oxygen concentrators as coronavirus infections climb by about 1 million per week – and look set to reach 10 million by the end of this week, the World Health Organization head said on Wednesday. “Many countries are now experiencing difficulties obtaining oxygen concentrators,” WHO Director General […]

Corona virus summary: Texas Covid-19 cases hit all-time daily high as Houston hospitals near capacity. Texasrecorded an all-time daily high of 5,489 new Covid-19 cases on Tuesday as hospitals neared capacity in Houston. The dramatic increase in cases prompted the governor, Greg Abbott, to tighten public health restrictionsafter resisting calls to slow the state’s reopening […]

To open long positions on EURUSD, you need: In the first half of the day, several signals for entering the market were formed at once. If you look at the 5-minute chart, at the very beginning, you will see how the bulls formed a false breakout in the support area of 1.1234 and tried to […]

Looking at how risk assets have been performing over the past three months, it’s hard to tell there’s a global pandemic going on. To put it into more context, if someone had been living on a desert island during this time, they would be forgiven for thinking that the world is in the midst of […]

EURJPY is holding above the descending trend line that started from June 5 and is approaching the Ichimoku cloud, remaining in a sideways move. The RSI holds in line with the 50 neutral mark but is currently trying to slip in the negative region, while the stochastic oscillator posted a bearish crossover within its %K and %D lines. Currently, the […]

EURJPY is holding above the descending trend line that started from June 5 and is approaching the Ichimoku cloud, remaining in a sideways move. The RSI holds in line with the 50 neutral mark but is currently trying to slip in the negative region, while the stochastic oscillator posted a bearish crossover within its %K and %D lines. Currently, the […]

EUR / USD On June 24, the EUR/USD pair lost about 55 basis points and thus started building a new downward wave. However, this wave can belong to the wave 4 in C in B or be the second, corrective in the composition of the wave 5 in C in B. Thus, we can say […]

More than a third of shale producers surveyed by the Dallas Fed said that they will resume oil production by the end of this month. This will hopefully put an end to the decline in production which started when oil prices collapsed earlier this year. The survey also provided some insight on how the besieged […]

Coronavirus statistics as of June 25: According to the data, a second outbreak has occurred in the United States. The number of new infections jumped to 39 thousand per day, which may be mainly due to the early lifting of quarantine restrictions in the country. The same situation is also observed in India and Brazil, […]

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 […]

EURUSD has been charting lower lows and lower highs after peaking at 1.1421 and near a long-term ascending trendline stretched from the 2019 bottom, signaling that the recent bearish wave in the four-hour chart may continue. The weakening RSI, which has crossed below its 50 neutral mark, and the fact that the price has slipped […]

Reality bites stock markets as US virus spike accelerates, dollar recovers Threats of new US tariffs against EU and dire IMF forecasts not helping mood Fed balance sheet reduction may be playing a role too Daily virus numbers will continue to dictate sentiment Acceleration in infections hampers recovery prospects Risk aversion gripped global markets once […]

WTI oil futures faded prior to reaching a critical resistance level at 43.69 and appear to be reloading for a push higher to revisit this mark. The recent weakening in the price is mirrored in the flattening of the Ichimoku lines and within the short-term oscillators. However, the near completion of a bullish crossover of […]

The United States has covered a second wave of coronavirus infection, which is associated with mass protests and acts of civil disobedience provoked by the assassination of George Floyd, as well as the early discovery of certain sectors of the American economy. Having reached a daily low of 17.5 thousand people on June 8, the […]

EUR/USD yesterday’s drop has signaled once again that the selling pressure is still high in the short term. The US data could be crucial for the dollar later today, some good figures could push EUR/USD in the seller’s territory. The pair was rejected by the near-term resistance again, but only another lower low, a drop […]

GBP/USD Analysis: On the chart of the British currency in the last 3 months, a large-scale corrective figure is formed. They have the form of a stretched plane. From June 10, the final part of the structure is formed. Forecast: In the next trading sessions, the general flat mood of the movement is expected. By […]

GBP/USD Analysis: On the chart of the British currency in the last 3 months, a large-scale corrective figure is formed. They have the form of a stretched plane. From June 10, the final part of the structure is formed. Forecast: In the next trading sessions, the general flat mood of the movement is expected. By […]

Hello, traders! In yesterday’s trading, the US dollar strengthened across a wide range of markets. Renewed demand for American products was caused by new spikes in COVID-19 infections in several US states, as well as Donald Trump’s intention to raise tariffs on goods from leading European countries. Although yesterday’s IFO indices for Germany all came […]

Good afternoon traders! A new trading idea for the EUR/USD pair. Yesterday, Stop Hunting strategy was suggested in which stops were placed in the level of 1.13500. However, Wednesday closed with an absorption in the daily chart, so the long scenario for the EUR/USD pair is now canceled. The last chance to increase the quotes […]

EUR/USD – 1H. Hello, traders! On June 24, the euro/dollar pair turned in favor of the US currency and started a new process of falling, although it had previously closed over the downward trend corridor and, thus, the mood of traders should have changed to “bullish”. However, in reality, the US dollar is growing again, […]