All the arguments about what measures the Bank of England will take quickly came to naught since in general everything was predicted by the market, and the Central Bank was surprised by its dryness and only a couple of statements that did not clarify the situation much. Most likely, a wait-and-see position is now the […]

All the arguments about what measures the Bank of England will take quickly came to naught since in general everything was predicted by the market, and the Central Bank was surprised by its dryness and only a couple of statements that did not clarify the situation much. Most likely, a wait-and-see position is now the […]

To open long positions on EURUSD, you need: In the first half of the day, trading was conducted in a fairly narrow side channel against the background of the absence of important fundamental statistics, and neither buyers nor sellers showed much activity. If you look at the 5-minute chart, the bulls did not pull the […]

EURUSD has come under intensifying negative stress, which may see selling threats materialize. Even though the price had found a foothold on the 100-period simple moving average (SMA), the lower bound of the Ichimoku cloud at 1.1268 has capped upside moves – the level also being the 23.6% Fibonacci retracement of the up leg from […]

The number of applications for benefits in the US for the week reached 1.5 million which is at the same level as the previous week. Meanwhile, there is no significant improvement in the long-term unemployment which is at 20.6 million. However, a very strong Philadelphia business activity index came out with a 27.5 contrary to […]

Eminent economist Stephen Roach suggests a 35% fall in the US dollar due to the widening national deficit and reducing savings. The expert does not recommend buying the US dollar. The US currency may weaken over the coming few years amid the souring trade relations with China. The US is focused on separation from the […]

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 […]

EUR / USD On June 17, the EUR/USD pair lost about 20 basis points and thus, continued to build the expected wave C in 4 in C in B. If this is true, then the decline in quotes will continue with targets located near the 100.0% and 76.4% Fibonacci levels. After completing the construction of […]

Corona virus summary: A new Bitcoin ETF proposal filed by New York-based asset management company WisdomTree Investments is getting cold reception on Wall Street, according to a recent Bloomberg report. The main sticking point is that it actually offers exposure to Bitcoin futures instead of the physical asset. According to Steven Dunn of Aberdeen Standard […]

EURJPY posted another lower low at 119.81 after crossing below the trendline that has been supporting the rebound from the 3½-year trough of 114.42, raising speculation that the market may keep trending within a downward-sloping channel. The break below the Ichimoku cloud and RSI’s bearish location is another discouraging signal. Currently the 120.50 former support […]

Corona virus summary: I The spread is believed to have come from Tonnies, a meat processing plant in Rheda-Wiedenbruck, where there have been 657 confirmed cases of the virus. Elsewhere, Martin Hikel, mayor in the southern Berlin district of Neukolln, has said authorities are trying to trace the origins of a worrying new spread of […]

Corona virus summary: The World Health Organization (WHO)hopes hundreds of millions of doses of coronavirus vaccine can be produced this year and 2 billion doses by the end of 2021, chief scientist Soumya Swaminathan said on Thursday. The WHO is drawing up plans to help decide who should get the first doses once a vaccine […]

On March 20, the EURUSD pair has expressed remarkable bullish recovery around the newly-established bottom around 1.0650. Bullish engulfing H4 candlesticks as well as the recently-demonstrated ascending bottoms indicated a high probability bullish pullback at least towards 1.1065 (Fibo Level 50%). However, a bearish Head & Shoulders pattern was demonstrated around the price zone between […]

WTI oil futures for July delivery maintain a clear positive structure reflected by the higher highs and the higher lows since late April, with the price printing another higher trough at 34.35 last week. Now it remains to be seen if the outlook can improve beyond the 40.42 peak, which is likely given the recent […]

The euro/dollar pair was stuck in the middle of the 12th figure. Neither the bears, nor the bulls of the pair are capable of decisive actions now before the summit of the leaders of the EU countries, which will discuss the 750 billion anti-crisis plan of the European Commission. The importance of this event can […]

From the point of view of complex analysis, we can see the variable level which for several trading days has kept market participants from a further decline. The past trading day gave light to another attempt of the bears to overcome the area 1.1210 / 1.1250. It was already the fourth attempt to change the […]

Gold rallied today and has increased as much as $1,737 level, for now, the outlook is bullish. So, the price could jump way higher in the next days. The yellow metal’s price is located in the buyer’s territory, the failure to stabilize below the $1,700 psychological level has signaled a further increase. The price continues […]

Hello! Today’s review of the USD/JPY currency pair will start with the topic COVID-19. As you know, an outbreak of a new type of coronavirus has been detected again in neighboring China. This time in Beijing. About a thousand domestic flights were canceled in the capital of China. In addition, the Chinese leadership immediately suspended […]

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The Russian rubble is consolidating. The US dollar and the euro are likely to move up against the ruble in the near future that is after the nationwide vote that will be held on July 1st. Until that moment, the Central Bank of Russia will restrain the national currency. It means that it is a […]

Risk appetite wanes as markets start to take second wave fears more seriously Surge in cases in Beijing and US drive up dollar demand, weigh on stocks Pound weaker ahead of BoE decision; aussie and kiwi stumble on poor data Risk rally on pause as second wave threatens recovery A worrying increase in the number […]

The table above features the coronavirus statistics around the world (as of the morning of June 18). According to the data, the situation is worsening, as there are three leading countries in the current pandemic wave – one old (USA) and two new – Brazil and India. In the US, new cases have jumped to […]

Good day, dear traders! The main event for the pound/dollar currency pair will be today’s decision of the Bank of England on the interest rate. As most experts expect, the rate will remain at 0.10%, however, the volume of asset purchases under the quantitative easing program may increase to 200 billion pounds. At the same […]

The pair has developed two patterns, a reversal one, and a continuation pattern, now we have to wait for confirmation before we take action again. EUR/USD is trading right on a critical support area, but it is too soon to say if we see a further drop or a bullish momentum. The US Unemployment Claims […]

The Bank of England will announce today its decision on interest rates, as well as its assessments on the UK economy, which will affect the direction of the pound. Bulls have long been waiting for a powerful shot up, but the negative macroeconomic data for April had prevented it. In addition, negotiations between the UK […]