The stock markets of the Asia-Pacific region were split this morning. A part of the indices increased, while the other began to decline. The reason for such ambiguous dynamics lies in the fears of market participants about the repetition of the situation with the global COVID-19 pandemic. Many began to realize that there was still […]

From the point of view of complex analysis, we can see a surge in local activity, which returned the quotes to its previous levels. The past trading day justifies the assumption that speculative mood is in control of the market. Fluctuation within the area of 1.2620 / 1.2670 ended in a sharp descent downwards, as […]

Overview: 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 of 0.6882 […]

Over the past two months, gold has been trading in the range of $1675 – $1740 per ounce, and going beyond it very quickly ends with a return. The precious metal remembers the history of the previous recession when large-scale fiscal and monetary stimulus generated the expectation of accelerated inflation and pushed its quotes above […]

GBPJPY appears stalled at the 134.45 barrier – that being the 50.0% Fibonacci retracement of the down leg from 144.94 to 123.97, following the latest deflection on the upper Bollinger band. The present conflicting slopes of the 50- and 100-period simple moving averages (SMAs) and the mostly horizontal bearing of the 200-day SMA, reflect the […]

The latest employment numbers out of Australia will hit the markets at 01:30 GMT Thursday and forecasts point to more job losses, though that may be more of a counting issue than a reflection of real economic conditions. The high-flying aussie could spike lower if the data disappoint, but its broader direction will hinge mainly […]

The US 100 cash index (Nasdaq) suffered a small setback last week, after reaching a fresh record high of 10,155, but has since recovered most of its losses. The structure of higher highs and higher lows on the daily chart remains intact, which alongside the upward-sloping simple moving averages (SMAs), keeps the outlook positive. A […]

Corona virus summary: German ministers have criticised Donald Trump’s plans to withdraw about 9,500 US troops from German soil, saying the move is likely to weaken America’s own security architecture as well as European security. “ Technical analysis: Trading recommendation: Watch for selling opportunitieson the rallies with the potential targets at 1,1212 and 1,1150. The […]

Corona virus summary: The director-general of the World Health Organisation (WHO), Tedros Ghebreyesus, has praised the UK scientists behind the the first successful clinical trial of a treatment for coronavirus. Writing on Twitter, he said they had made a “lifesaving breakthrough” with their discovery that Dexamethasone, a low-cost anti-inflammatory drug, can save lives and be […]

Corona virus summary: The director-general of the World Health Organisation (WHO), Tedros Ghebreyesus, has praised the UK scientists behind the the first successful clinical trial of a treatment for coronavirus. Writing on Twitter, he said they had made a “lifesaving breakthrough” with their discovery that Dexamethasone, a low-cost anti-inflammatory drug, can save lives and be […]

Technical outlook: EUR/USD is consolidating after hitting highs above 1.1400 mark last week. There is still room left for another push higher towards 1.1500 before pulling back lower. The short-term support zone is around 1.1180/1.1200 levels, if prices manage to reach there. Immediate resistance is seen at 1.1500, while support is around 1.0870 (price action) […]

Technical outlook: EUR/USD is consolidating after hitting highs above 1.1400 mark last week. There is still room left for another push higher towards 1.1500 before pulling back lower. The short-term support zone is around 1.1180/1.1200 levels, if prices manage to reach there. Immediate resistance is seen at 1.1500, while support is around 1.0870 (price action) […]

News: Bitcoin investors seem to be anything but worried, despite the expectations of a retracement as the bull trend formed after March loses its direction. Blockchain analytics upstart Glassnode reported that the number of BTC addresses holding more than 0.1 coins (~$1,000) has recently passed its old all-time high, reaching 3,054,282 addresses. This indicates strong […]

EURGBP has been developing within a consolidation area since May 15, despite the upside penetration at the end of the previous month. Looking at the last few days, the pair is extending a bullish move above the Ichimoku cloud and the 23.6% Fibonacci retracement level of the up leg from 0.8670 to 0.9055 at 0.8963, […]

AUD/USD is trading in the green and is fighting hard to stay above an important uptrend line. We’ll see what will happen because a USDX’s rally could send AUD/USD in the seller’s territory soon. The pair is located within an up channel, so the outlook is still bullish, but AUD/USD has shown some exhaustion signs […]

Energy Minister Suhail Al Mazroui of the United Arab Emirates said that the production cuts administered by OPEC members will soon bring oil prices back to normal. When the markets collapsed, Mazrui initially claimed during a conference call that $ 40 a barrel of crude was a dream. However, this was before OPEC agreed to […]

Good day, dear colleagues! Yesterday’s strengthening of the US dollar did not pass by the pound/dollar currency pair, which did not meet expectations and could not continue to grow. In recent days, market participants’ expectations regarding the continuation of agreements between the UK and the European Union have resumed. Let me remind you that all […]

Rising regional tensions and a worrying increase in coronavirus cases weigh on risk assets But safe havens barely supported as growth optimism and drug hopes keep risk appetite alive Yen and gold slip, aussie bounces back from lows as stocks turn green Geopolitical tensions on the rise Clashes along the border between India and China […]

Hello, dear colleagues! If we start with the results of yesterday’s trading, then, despite the rather pessimistic rhetoric of the Chairman of the US Federal Reserve System (FRS) regarding the timing of stabilization of the US economy from the consequences of COVID-19, the dollar strengthened. Let me remind you that yesterday the head of the […]

EUR/USD has been trading sideways in the short term and everyone is wondering if this will be a continuation or reversal pattern. The bias is bullish on the Daily chart, but we still need confirmation that EUR/USD will resume its leg higher. The pair has increased today but is still trading below a strong dynamic […]

EUR/USD – 1H. Hello, traders! The euro/dollar pair performed a reversal in favor of the US currency on the hourly chart on June 16 and resumed the process of falling. Thus, this allowed me to build a less inclined downward trend corridor, which characterizes the current mood of traders as “moderately bearish”. Among the most […]

GBP/USD – 1H. Hello, traders! According to the hourly chart, the pound/dollar pair performed a reversal in favor of the US dollar and resumed the process of falling, and a new downward trend corridor was also built. Thus, demand for the US dollar now remains moderate or even weak, and the general mood of traders […]

EUR/USD Analysis: An upward wave has been forming on the euro chart since March. In its structure, the final part (C) has been developing since May 7. For the last 2 weeks, the price has been drifting sideways along the strong resistance of a large TF, forming a correction. Forecast: Today, the price is expected […]

The graph above shows the current pandemic situation around the world as of the morning of June 17. The left picture clearly shows that the second wave of the pandemic has not ended. The number of new cases has reached a new maximum – approximately 140 thousand new infections per day, and mortality has increased […]

The yen completely ignored the results of the Bank of Japan’s next meeting. The subsequent comments by Haruhiko Kuroda aroused more lively interest among traders, but in general, the June meeting of the Japanese regulator went unnoticed. This is not surprising: the meeting was absolutely “passing”, and Kuroda’s rhetoric was familiar and predictable. As a […]