Markets will remain tuned to virus news in the coming week, as the battle between stimulus-fueled optimism and second wave fears rages on. The US virus count might be what tips the scales, not just for stocks but for currencies also, as risk appetite has become the dominant force in the FX arena now that […]

Eurozone PMIs bounced back strongly in May, fuelling hopes of economic recovery in the world’s largest trading block. But with EU solidarity once again being tested as leaders are split on a virus rescue plan, all eyes will be on the preliminary PMI indicators for June due on Tuesday (08:00 GMT) for signs that the […]

Trading recommendation: Daily trend is still in the sideways regime and the reversion to the mean type of strategy is likely to benefit. Watch for potential selling opportunities due to intraday buying climax and potential bear flag for the further downside. The breakout of the rising channel would confirm downside movement towards the levels at […]

Experts believe that oil prices are about to fall again as the second wave of the coronavirus is coming. A new COVID-19 outbreak has been reported in the Chinese capital. As a result, schools, shopping centers, supermarkets, and sports facilities have been closed again. A record 26,000 new cases of coronavirus infection were confirmed in […]

The cost of crude oil continued its rise this morning. The main reason for the positive dynamics was cautious optimism about the slow but sure stabilization of the market situation, in particular about the balance of supply and demand. The OPEC, which closely monitors the fulfillment of obligations under the oil production reduction treaty, held […]

Corona virus summary: he UK’s chief medical officers have agreed that the Covid-19 threat level should be lowered one notch to “epidemic is in general circulation” from “transmission is high or rising exponentially”. The joint biosecurity centre recommended the Covid-19 alert level should move from level 4 (a Covid-19 epidemic is in general circulation; transmission […]

News: EU leaders are gathering virtually for a video summit that is attempting to find consensus for an ambitious €750bn (£676bn; $840bn) EU coronavirus recovery fund. Several northern European nations are unhappy about the EU commission plan because it involves collectively raising €500bn as grants for countries worst hit by the pandemic, notably Italy and […]

News: EU leaders are gathering virtually for a video summit that is attempting to find consensus for an ambitious €750bn (£676bn; $840bn) EU coronavirus recovery fund. Several northern European nations are unhappy about the EU commission plan because it involves collectively raising €500bn as grants for countries worst hit by the pandemic, notably Italy and […]

The chart of active coronavirus cases in Russia shows how many people are undergoing treatment. According to the last report, Russia has 236.8 thousand active virus cases. We can see that the infection rate is still high and there is no noticeable decline yet. Despite statements by the authorities, Russia has not passed the peak […]

Silver is attempting to push back above the 17.58 key mark, after a retracement from the 18.36 peak bounced off the 200-day simple moving average (SMA). The recent bullish crossover of the 100-day SMA by the rising 50-day one may provide additional fuel to nudge the commodity back up and resume the climb. Although the […]

The UK 100 cash index is pushing efforts to extend buying pressure above the 23.6% Fibonacci retracement level of the up leg from 5,639 to 6,510 at 6310, having climbed above the bullish crossover within the 20- and 40-period simple moving averages (SMAs). The MACD is ready to stretch to the upside, while the stochastic oscillator is heading up towards […]

The upward pattern in US 30 stock index (cash) lost some shine after the print of a lower high at 26,791 in the four chart, but the positive trend remains valid as long as the market action develops above 24,850. Looking at the short-term window, the index is trapped between a descending trendline and the […]

An economic summit will be held today in the EU via video conference, at which, most likely, EU representatives will raise the issue of the assistance plan proposed by the European Commission, which involves raising € 750 billion euros in debt directly to financial markets. Such a factor slightly decreased the current pressure on the […]

From the point of view of complex analysis, you can see the accumulation process within the variable support, and now let’s talk about the details. The trading week is coming to an end and it’s time to sum up the preliminary results. So, the dream of followers of the upward development is moving further and […]

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 […]

Good day, dear colleagues! Although the results of yesterday’s meeting of the Bank of England coincided with the forecasts of experts, the British currency significantly sank against the US dollar. Let me remind you that the Bank of England kept the main interest rate at the same level of 0.10%. At the same time, the […]

USD/JPY could rebound in the short term if the USDX and the Nikkei stock index will climb higher. The pair is trading at 106.92 level, it is moving sideways on the lower timeframes, that’s why we need confirmation before we consider going long again on this pair. The pair is still under massive selling pressure, […]

USD/JPY could rebound in the short term if the USDX and the Nikkei stock index will climb higher. The pair is trading at 106.92 level, it is moving sideways on the lower timeframes, that’s why we need confirmation before we consider going long again on this pair. The pair is still under massive selling pressure, […]

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. […]

Markets struggle for direction as persisting second wave fears weigh on sentiment US-China relations back under the spotlight as Trump threatens to ‘decouple’ Pound steadier after hawkish surprise from BoE sends currency spinning lower Markets dogged by virus spike, recovery doubts Risk appetite is looking increasingly on borrowed time as stocks turn sideways, having lost […]

Markets struggle for direction as persisting second wave fears weigh on sentiment US-China relations back under the spotlight as Trump threatens to ‘decouple’ Pound steadier after hawkish surprise from BoE sends currency spinning lower Markets dogged by virus spike, recovery doubts Risk appetite is looking increasingly on borrowed time as stocks turn sideways, having lost […]

Today we take a look at and see GBPUSD 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:Daily Market Comment – Stocks drift, dollar holds… […]

Today we take a look at and see GBPUSD 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:Daily Market Comment – Stocks drift, dollar holds… […]

From the point of view of a comprehensive analysis, you can see the local price consolidation below the unfortunate region of 1.1210/1.1250, and now let’s talk about the details. The trading week is coming to an end and it is time to take preliminary results. So, the recovery process, which began on June 11, is […]

From the point of view of a comprehensive analysis, you can see the local price consolidation below the unfortunate region of 1.1210/1.1250, and now let’s talk about the details. The trading week is coming to an end and it is time to take preliminary results. So, the recovery process, which began on June 11, is […]