The Swiss National Bank (SNB) will conclude its policy meeting at 07:30 GMT Thursday, and strangely enough, markets are pricing a 50% chance for a small rate cut. While some more stimulus would make sense, the SNB only has one ‘rate bullet’ left in the chamber so it might prefer to save it for a […]
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Technical Analysis – US dollar index stops below 23.6% Fibo; negative risks not faded yet
The US dollar index touched the 23.6% Fibonacci retracement level of the down leg from 103.80 to 95.60 at 97.52 and retreated lower, heading towards the three-month low. The MACD is flattening below the trigger and zero lines, while the RSI is sloping down in the negative zone in the short-term. Also, the 20-day simple […]
BTC analysis for June 16,.2020 – Resistance at the price of $9.500 on the test. Watch for the downside rotation towards the
Corona virus summary: Askar Zhumagaliyev, Kazakhstan’s Digital Development, Innovation, and Aerospace Industry Minister, made this known whileaddressing the Senate in a June 11 plenary session. Technical analysis: BTC is trading at the resistance at $9,500. I see potential for the downside rotation towards the $8,880 and $8,725. Trading recommendation: Resistance is set at the price […]
Analysis of Gold for June 16,.2020 – Watch for potential downside movement towards the lower extreme of the trading range.
Corona virus summary: Spain is considering introducing a quarantine rule for UK visitors when the country reopens its borders to EU and Schengen area members on Sunday, the foreign minister has said. Technical analysis: Gold is trading sideways at the price of $1,725 in the big trading range. Anyway, I found that there is potential […]
EUR/USD analysis for June 16, 2020 – Bigger drop incoming on the EUR/USD due to the breakout of the upward channel. Downside
Corona virus summary: Parts of the Chinese capital were fenced off on Monday night, with security checkpoints set up at residential compounds, and high-risk people – such as close contacts of diagnosed cases – prevented from leaving the city. Technical analysis: EUR/USD has been trading upwards yesterday towards the level of 1,1350 but sellers were […]
EUR/USD analysis for June 16, 2020 – Bigger drop incoming on the EUR/USD due to the breakout of the upward channel. Downside
Corona virus summary: Parts of the Chinese capital were fenced off on Monday night, with security checkpoints set up at residential compounds, and high-risk people – such as close contacts of diagnosed cases – prevented from leaving the city. Technical analysis: EUR/USD has been trading upwards yesterday towards the level of 1,1350 but sellers were […]
Trading recommendations for GBPUSD on June 16, 2020 and placement of trade orders
From the point of view of the complex analysis, the number of speculative positions has increased once again. As a result, the quotes returned to its previous levels. Now, let’s get to the details. The past trading day was a blow to short positions. They suddenly lost their relevance and were replaced by a speculative […]
ETX MT4 Remastered Trade Terminal
Execute orders and access a wide range of market analysis in an efficient, intuitive way with the trade terminal. Related Posts:June 16, 2020 : GBP/USD Intraday technical analysis… June 16, 2020 Recently, Bullish breakout above 1.2265 has enhanced many bullish movements…June 16, 2020 : EUR/USD Intraday technical analysis… June 16, 2020 On March 20, the […]
ETX MT4 Remastered Trade Terminal
Execute orders and access a wide range of market analysis in an efficient, intuitive way with the trade terminal. Related Posts:June 16, 2020 : GBP/USD Intraday technical analysis… June 16, 2020 Recently, Bullish breakout above 1.2265 has enhanced many bullish movements…June 16, 2020 : EUR/USD Intraday technical analysis… June 16, 2020 On March 20, the […]
Place trades significantly quicker and access tik-chart information for markets. Related Posts:ETX MT4 Remastered Trade Terminal June 16, 2020 Execute orders and access a wide range of market analysis…ETX MT4 Remastered Stealth Orders June 16, 2020 Hide entry and exit levels from the markets.ETX MT4 Remastered Session Map June 16, 2020 Gain an overview of […]
Place trades significantly quicker and access tik-chart information for markets. Related Posts:ETX MT4 Remastered Trade Terminal June 16, 2020 Execute orders and access a wide range of market analysis…ETX MT4 Remastered Stealth Orders June 16, 2020 Hide entry and exit levels from the markets.ETX MT4 Remastered Session Map June 16, 2020 Gain an overview of […]
ETX MT4 Remastered Stealth Orders
Hide entry and exit levels from the markets. Related Posts:Trading recommendations for GBPUSD on June 16, 2020… June 16, 2020 From the point of view of the complex analysis, the…ETX MT4 Remastered Trade Terminal June 16, 2020 Execute orders and access a wide range of market analysis…ETX MT4 Remastered Tick Chart Trader June 16, 2020 […]
ETX MT4 Remastered Session Map
Gain an overview of the different global markets and see what events are happening worldwide. Related Posts:ETX MT4 Remastered Trade Terminal June 16, 2020 Execute orders and access a wide range of market analysis…ETX MT4 Remastered Tick Chart Trader June 16, 2020 Place trades significantly quicker and access tik-chart information for markets.ETX MT4 Remastered Stealth […]
Gain a general overview of past and current sentiment for a specific market. Related Posts:ETX MT4 Remastered Trade Terminal June 16, 2020 Execute orders and access a wide range of market analysis…ETX MT4 Remastered Tick Chart Trader June 16, 2020 Place trades significantly quicker and access tik-chart information for markets.ETX MT4 Remastered Stealth Orders June […]
Technical Analysis – EURCHF stuck under the 200-day SMA; may edge sideways
EURCHF appears to have returned to a neutral stance, following the recent rallies pullback from the 1.0914 point back under the 200-day simple moving average (SMA). The Ichimoku lines and cloud sponsor consolidation in price, as does the flattened 100-day SMA. The MACD and the RSI reflect a stall in price action with weakened positive […]
Trader’s diary for June 16, 2020
The US market closed with strong growth on Monday. The Fed’s announcement of a large-scale purchase of bonds of American companies pushed the market up. Following this, oil has also begun to roll back up. It seems like the market is playing for a quick economic recovery. In addition, current prices are too low for […]
GBP/USD and EUR/USD: The pound rose after the UK and the EU decided to increase the intensity of negotiations. Fed expands
The British pound arose after the news that the UK and the EU agreed to step up their efforts on negotiations regarding Brexit. However, the lack of visible progress is sure to turn the bullish mood downwards soon, as real changes in conditions and compromises on both sides are needed to completely reach an agreement. […]
Forex News: 16/06/2020 – Risk-on back in play as Fed goes overkill with stimulus
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 […]
Technical Analysis: 16/06/2020 – EURJPY bounces on 20-day SMA but caution remains
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 traders! At yesterday’s trading, the pound/dollar currency pair showed mixed dynamics and still ended Monday’s trading with a confident strengthening. We will return to the technical picture for GBP/USD later. However, for now, we will talk about today’s events that have already had and will have an impact on the price dynamics […]
According to analysts, the Australian dollar is facing the choice of the right path at the moment. On one hand, the indicated currency can lead to the top, while on the other, to decline. Nevertheless, experts are sure that the Australian dollar will try not to miss the chance and rise. According to the forecast […]
Simplified wave analysis and forecast for GBP/USD and AUD/USD on June 16
GBP/USD Analysis: The short-term rate of the British currency is set by the rising wave from March 18. As part of its last part, an incorrect correction has been formed since the beginning of June. Its structure looks complete. Yesterday’s rise has a reversal potential and may be the beginning of a new section of […]
Technical Analysis – USDCAD stalls above 23.6% Fibo; neutral in very short term
USDCAD is trading around the vicinity of 1.3575, that being the 20-period simple moving average (SMA) after the rebound on the 23.6% Fibonacci retracement level of the bearish move from 1.4170 to 1.3315 at 1.3518. Looking to the short-term oscillators, the stochastic and the RSI promote slight improvements, despite diminished directional momentum. The stochastic is […]
Daily Market Comment – Risk-on back in play as Fed goes overkill with stimulus
Sell-off cut short as markets reminded Fed not done yet with stimulus Possible $1 trillion infrastructure plan by Trump further fuels stocks But will Powell spoil the party again as softer dollar eyes Fed chief’s testimony Pound outperforms after UK and EU agree to intensify Brexit talks Second wave, what second wave? It was a […]
Hello, dear colleagues! On the first trading day of this week, the main currency pair showed an upward trend. Pressure on the US dollar was exerted by a decline in the yield of ten-year US government bonds, as well as the continued appetite of market participants for risk. In addition, the US Federal Reserve (FRS) […]