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A brief history of the coronavirus in the world: the first wave was observed in China, from January to March 2020. The second wave started in Europe (mainly in the West), and then moved to the US (mainly in New York) and Russia (mainly in Moscow) from April to May 2020. The third wave is […]

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 […]

USDCHF is set to close deep in the red sea this week following the sharp pullback off the 0.9625 level. The bears are currently ready to pierce the 0.9400 number and open the way towards the 0.9320 support, but some caution should be warranted as the RSI is entering the oversold area, suggesting that negative […]

A flurry of UK data including GDP numbers for April will hit the markets at 06:00 GMT on Friday, and forecasts point to abysmal readings. Yet, economic data hardly move the markets anymore, so the pound’s performance will likely be shaped by a combination of Brexit news and global risk sentiment. The risks surrounding the […]

EURJPY looks to be mostly neutral after an ascent from the May 7 low of the three-and-a-half-month trough of 114.40, returning the price back below the short-term simple moving averages (SMAs) in the 4-hour chart. The short-term oscillators reflect a stall in the positive momentum. The MACD, in the negative area, has moved below its […]

Few would argue that 2020 has been a good year for oil after the market turmoil sparked by the coronavirus crisis sent WTI prices crashing into negative territory for the first time in the US benchmark’s history. But just as the unexplainable recovery of global equities, oil is looking bullish once again, at least in […]

The Australian dollar, paired with the US dollar, continues to attack the 70th figure. This resistance level is hard to deal with – the AUD/USD pair has been trying to break through the level of 0.7000 with enviable regularity for almost a week now, but it returns to the 69th figure each time. Yesterday, another […]

On Wednesday, the Fed announced that interest rates would remain close to zero until 2022, and promised to continue buying bonds and support the US economy, which was devastated by the coronavirus pandemic. The Federal Open Market Committee, in a unanimous statement, reaffirmed previous guidance that the Fed’s base rate will remain unchanged from 0 […]

On Wednesday, the Fed announced that interest rates would remain close to zero until 2022, and promised to continue buying bonds and support the US economy, which was devastated by the coronavirus pandemic. The Federal Open Market Committee, in a unanimous statement, reaffirmed previous guidance that the Fed’s base rate will remain unchanged from 0 […]

The yellow metal is trading at $1,733 level, the FOMC meeting has boosted the price which has crossed above two upside obstacles. The gold price has retreated a little after yesterday’s rally, it has come back to test and retest the broken levels, another higher high will validate a further increase towards new highs. The […]

The yellow metal is trading at $1,733 level, the FOMC meeting has boosted the price which has crossed above two upside obstacles. The gold price has retreated a little after yesterday’s rally, it has come back to test and retest the broken levels, another higher high will validate a further increase towards new highs. The […]

EUR/USD Analysis: The euro has reached a strong large-scale reversal zone. Along its lower boundary, the pair’s price formed a flat correction in the last week. Its structure lacks the final part (C). Forecast: Today, we expect a mostly sideways movement of the instrument in the price corridor between the nearest zones. By the end […]

EUR/USD Analysis: The euro has reached a strong large-scale reversal zone. Along its lower boundary, the pair’s price formed a flat correction in the last week. Its structure lacks the final part (C). Forecast: Today, we expect a mostly sideways movement of the instrument in the price corridor between the nearest zones. By the end […]

Good afternoon traders! A trading idea for the EUR / USD pair. The results of the FOMC meeting, which were published yesterday, pushed the EUR / USD quotes to an 800-pip movement during the US session. However, at the Asian session, the euro dropped and completely lost its advantage over the dollar. The “Stop Hunting” […]

The initial reaction of the market on the recent Fed decisions was clearly not in favor of the dollar. It dipped to 95.77, which is the lows last March, reflecting the weakening of the dollar throughout the market. The dollar began to lose its positions immediately after the publication of the accompanying statement, without waiting […]

GBP/USD – 1H. Hello, traders! According to the hourly chart, the pound/dollar pair performed a reversal in favor of the US currency yesterday and began the process of falling. In contrast to the euro/dollar pair, the downward reversal is visible on both the hourly chart and the 4-hour chart. Thus, the pound is the first […]

EUR/USD – 1H. Hello, traders! The euro/dollar pair continued to grow on the hourly chart until the evening of June 10. During the day in America, inflation for May came out, which showed an even greater decline to 0.1% y/y in the main indicator and to 1.2% y/y in the base. However, traders were not […]

Crypto Industry News: Beverage vending machines operated by Asia Pacific’s main distributor of non-alcoholic beverages, Coca-Cola Amatil, will now accept payments in cryptocurrencies. This development took place as a result of a new agreement with the Centrapay digital assets platform. A network of over 2,000 Coca-Cola Amatil vending machines in Australia and New Zealand will […]

From the point of view of a comprehensive analysis, you can see the price touching the control level, and now let’s talk about the details. The last trading day had a high concentration of trading forces within the control level of 1.2770, where the quotes still managed to consolidate above a given coordinate, but after […]

Fed commits to rock bottom rates for years, reaffirms ‘whatever it takes’ stance Dollar drops initially and stocks jump, but moves reverse as Powell doesn’t commit to yield curve control Markets in risk-averse mood overall Thursday, worrisome US virus numbers not helping Today: Eurogroup meeting to discuss recovery fund and US jobless claims Fed says […]

EURUSD’s pullback from the fresh three-month high of 1.1421, looks to be reloading around the 1.1321 swing low. The nearly one-month climb from the 1.0773 mark remains intact, assisted by the Ichimoku lines and the positively charged simple moving averages (SMAs). Glancing at the short-term oscillators, they suggest that positive momentum is strengthening. The MACD, […]

AUDUSD has fully recovered the virus-led sell-off within a narrow upward-sloping channel but December’s peak of 0.7031 managed to stabilize the rally, preventing the bulls to hunt new highs. According to the RSI and the Stochastics the pair is overbought as the former has already topped above 70, while the latter has reversed south and below 80. Hence, […]

Crypto Industry News: Stampede Ventures – a production company belonging to the former president of Warner Bros. Greg Silverman – collaborates with Cameron and Tyler Winkelvoss in the production of the film depicting the story of the brothers described in the best-selling book Bitcoin Billionaires. According to a report published in Deadline, Silverman will be […]

Technical Market Outlook: The Pin Bar candlestick pattern was made at the supply zone located between the levels of 1.1406 – 1.1419 and local pull-back towards the level of 1.1325 has been developed. The bulls are still pushing the price higher, but please notice, the market has started coming off the overbought conditions, so the […]