Recently, Bullish breakout above 1.2265 has enhanced many bullish movements up to the price levels of 1.2520-1.2590 where temporary bearish rejection as well as a sideway consolidation range were established (In the period between March 27- May 12). Shortly after, transient bearish breakout below 1.2265 (Consolidation Range Lower Limit) was demonstrated in the period between […]

Gold price has broken above $1,750 and is heading towards our target of $1,780. Price is breaking above the trading range its been in for the last two months and more. This is an important break out. Blues lines – trading range Black line -resistance trend line Red lines – Fibonacci targets The RSI is […]

Today, there is no single direction of movement on the stock exchanges in Asia. The indices are changing in different directions, the reason for which was the growing anxiousness of the investors regarding a possible second wave of the COVID-19 pandemic. According to the latest data received yesterday from the World Health Organization, the number […]

The Reserve Bank of New Zealand will wrap up its policy meeting at 02:00 GMT Wednesday, and while no action is expected, the choice of language could be crucial. Recent developments in New Zealand have been encouraging, which alongside stronger risk appetite globally, have catapulted the kiwi much higher. So high in fact, that the […]

The Reserve Bank of New Zealand will wrap up its policy meeting at 02:00 GMT Wednesday, and while no action is expected, the choice of language could be crucial. Recent developments in New Zealand have been encouraging, which alongside stronger risk appetite globally, have catapulted the kiwi much higher. So high in fact, that the […]

Preliminary PMI numbers for June will be watched out of the United Kingdom on Tuesday at 08:30 GMT. As the UK economy slowly emerges from the virus shutdown, the PMI gauges are anticipated to reflect the reopening of some businesses. But as Prime Minister Boris Johnson prepares to announce the latest phase of the lockdown […]

Preliminary PMI numbers for June will be watched out of the United Kingdom on Tuesday at 08:30 GMT. As the UK economy slowly emerges from the virus shutdown, the PMI gauges are anticipated to reflect the reopening of some businesses. But as Prime Minister Boris Johnson prepares to announce the latest phase of the lockdown […]

Germany 30 Index’s (Cash) bounce on the 11,588 level, that being the 61.8% Fibonacci retracement of the down leg from 13,826.27 to 7,961, appears to have hit a ceiling at the 76.4% Fibo at 12,444. The current sideways move is further backed by the recent bearish overlap of the improving 100-period SMA by the falling […]

Germany 30 Index’s (Cash) bounce on the 11,588 level, that being the 61.8% Fibonacci retracement of the down leg from 13,826.27 to 7,961, appears to have hit a ceiling at the 76.4% Fibo at 12,444. The current sideways move is further backed by the recent bearish overlap of the improving 100-period SMA by the falling […]

EURUSD: The course breaks the daily minimum and then abruptly bounces up and takes off the stops. The same course happened for the third day in a row. You may prepare to buy the euro now from 1.1255, with a stop at 1.1210, and a target of at least 1.1415. Alternative: sell from 1.1165, with […]

EURUSD: The course breaks the daily minimum and then abruptly bounces up and takes off the stops. The same course happened for the third day in a row. You may prepare to buy the euro now from 1.1255, with a stop at 1.1210, and a target of at least 1.1415. Alternative: sell from 1.1165, with […]

The euro collapsed on Friday against the US dollar, as buyers of risky assets did not find positive moments after a video conference of EU leaders, who once again agreed to meet at the end of July to try to agree on a recovery plan and financial assistance of billions of euros. We are talking […]

FXTM Senior Research Analyst, Lukman Otunuga, rounds up all the key market events for this week and pinpoints what traders might be looking out for, including: • Investors adopt cautious approach • Purchasing Manager Index (#PMI) in focus • #Gold supported by risk-off mood For more Market Analysis read the latest @ http://fxtm.co/marketupdate-yt #FinancialNews #USRetailSales […]

The US dollar is still unstable. Today, on Monday, the exchange rate of the American currency fell again. The main question is how much time the recovery of the global economy would take. The fact is that the number of infected people is rising. The stable yen practically did not move. Last time, it was […]

Goldman Sachs Bank noted that stocks favored by American retail investors have outperformed those favored by professionals from mutual and hedge funds. This happened on fears of missing out further stock growth. It is surprising that retail investors have managed to pick successful stocks without special preparation. Retail traders prefer to buy shares of the […]

To open long positions on GBPUSD, you need: Buyers of the British pound need to cope with the resistance of 1.2431, which was formed today in the morning. And although the bulls managed to recoup most of Friday’s losses, there is a chance that the upward momentum may continue in the afternoon. However, it is […]

News: Bitcoin held on exchanges hit a two-year low this month, according to data from Santiment. A massive outflow of BTC from exchanges is a sign of accumulation and signals investor’s positive perception of the cryptocurrency. Technical analysis: BTC has been trading upwards. The price tested the level of $9500. I see potential for rise […]

To open long positions on EURUSD, you need: The bulls slightly recovered their losses after a sharp Friday collapse of the pair. Now, in the second half of the day, buyers of the European currency need to try to get above the resistance of 1.1230, as only a consolidation at this level will maintain the […]

This morning, the exchange rate of the greenback was marked by a slight decrease in relation to the euro. Meanwhile, the dollar remained stable in relation to the Japanese yen. The yuan, on the other hand, began to get cheaper since the National Bank of China decided not to change the level of the base […]

The US 500 cash index found strong resistance around the 100-period simple moving average (SMA) over the last session, sending the indicators lower as well. The MACD is heading south below zero and its trigger line, while the RSI is pointing down below the neutral level of 50. Also, the red Tenkan-sen line declined beneath the blue Kijun-sen […]

AUDUSD in the near-term is looking mostly directionless as it drifts sideways restricted by the Ichimoku cloud. While the 100- and 200-period simple moving averages (SMAs) back the bigger positive picture, the downward sloping 50-period SMA – which is about to complete a bearish crossover of the 100-period one – promotes upcoming losses. Furthermore, conflicting […]

Corona virus summary: WHO reports record daily increase in coronavirus cases The World Health Organization reported a record increase in global coronavirus cases on Sunday, with the total rising by 183,020 in a 24-hour period. The biggest increase was from North and South America with over 116,000 new cases, according to its daily report. Technical […]

Corona virus summary: Concerns that Donald Trump’s inner circle might pressure the Food and Drug Administration (FDA) to rush a coronavirus vaccine to market in time for the presidential election have risen after the White House attacked the agency for reversing itself on an experimental drug treatment. Critics say that the FDA’s decision in April […]

Corona virus summary: Concerns that Donald Trump’s inner circle might pressure the Food and Drug Administration (FDA) to rush a coronavirus vaccine to market in time for the presidential election have risen after the White House attacked the agency for reversing itself on an experimental drug treatment. Critics say that the FDA’s decision in April […]

Overview: Pivot: 0.6882. The trend of AUD/USD pair movement was controversial as it took place in a narrow sideways channel, the market showed signs of instability. Amid the previous events, the price is still moving between the levels of 0.6782 and 0.7040. The AUD/USD pair broke resistance which turned to strong support at the level […]