The US dollar ended a volatile 2020 down 6.5% against a basket of currencies, underlining the dramatic turnaround in risk appetite from the depths of the March virus crisis. That risk rally is showing no sign of abating anytime soon, driving bearish bets against the dollar to near-decade highs. Nevertheless, the dollar’s negative outlook is […]

EURUSD is consolidating between the curbing 200-period simple moving average (SMA) and the key support zone of 1.2052-1.2080 after the correction from the 32½-month high of 1.2349. The stabilising 50- and 200-period SMAs are promoting the horizontal picture, while the falling 100-period SMA and its recent bearish crossover of the 200-period SMA is nurturing a […]

EURAUD completed a bullish double bottom formation in the four-hour chart and spiked to a three-week high of 1.5946 on Thursday after closing comfortably above the 1.5770 neckline. The area around the 200-period simple moving average (SMA), which has seen many struggles in December, is currently in target. A descending trendline stretched from 1.6409 and the 38.2% Fibonacci […]

LTC/USD is bouncing off important Fibonacci support. Price can very well have formed a higher low and is about to start for the next leg higher. Resistance remains important at $141 by the medium-term downward sloping trend line. Breaking above it will open the way for a move towards $160 and higher. Red line – […]

GBP/USD 4H. This trading week, GBP/USD has not made any higher highs but it has been holding firmly at near 2.5-year highs which is the level of 1.3758. Thus, the uptrend is still going on but the price is not logging higher highs. GBP/USD has been stuck in a 100-pips trading range. The question is […]

EUR/USD 4H. Last trading week, EUR/USD climbed a few dozens of pips. But this is not the most important. The thing is that a promising bearish trend which originated in 2021 can complete in the nearest time or perhaps has been already over. Having declined to 1.2060, the pair made another attempt to break it, […]

Risk Warning: 78.04% 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. […]

Risk Warning: 78.04% 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. […]

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Risk buying was again observed on Tuesday which, among other things, was noticeable in the weakening of the Japanese yen in relation to its main competitors – the euro and the dollar. The rise in risk appetite is associated with the market reaction to strong data from China, which is not entirely clear. The data […]

Apple stock price appears to be losing ground, finding powerful support at the 126.43 barrier. A paused state of directional momentum is reflected in the Ichimoku lines, while the price rests above the upper surface of the Ichimoku cloud. The bearish signals in the short-term oscillators further reflect the fall in the price. The RSI has […]

In the early US session, the GBP/USD pair is trading bullish. The reason for this is the weakness of the US dollar and the intensified vaccination campaign in the United Kingdom that is giving a boost to the British pound. On the 4-hour chart, you can see that GBP/USD is trading above the 21 SMA […]

Last week, Brent crude traded on quite a high level of $57.4 per barrel. Thus, oil prices hit the highest reading since late January 2020. Then, the coronavirus outbreak took place only in China. Such a jump in oil prices was triggered by Saudi Arabia’s decision to cut its oil production by 1 million barrels […]

The EUR / USD pair bounces from 1.2050 lows, now trading above Murray’s 3/8 and close to the 21 SMA on 4 hours charts, we expect the bounce to reach to the 200 EMA around 1.2177. Above the 200 EMA in the 4-hour charts we could consider a continuation of the uptrend, up to the […]

Oil prices fell on Monday, January 18, amid concerns about the coronavirus’s impact on the supply and demand balance in the market. Brent crude oil lost 0.94% to trade at $51.18 per barrel. Futures on WTI decrease by 0.82% to hit $51.99 per barrel. The number of coronavirus infections in the world continues advancing. As […]

Prior -66.5 Expectations 61.8 vs 59.4 expected Prior 55.0 Eurozone expectations 58.3 Prior 54.4 The continued jump in the expectations component remains the standout in the report as vaccine optimism and hopes of a stronger economic reopening later in the year is fueling more positive sentiment to start the new year. This reflects the more […]

According to Commodity Futures Trading Commission (CFTC), hedge funds and gold investors have significantly reduced their bullish positions, since the strengthening of the US dollar amid rising bond yields continues to hold back gold. The latest Commitments of Traders (COT) report indicates that FCMs had cut their speculative long positions in gold futures by 36,039, […]

Germany’s DAX rose 0.44%, France’s CAC 40 climbed 0.1%, Italy’s FTSE MIB climbed 0.53%, and Spain’s IBEX 35 climbed 0.29%. The British FTSE 100 indicator fell 0.22%. Thyssenkrupp AG shares jumped 7%. This growth was driven by information that a German industrial group is considering dividing its steel division. Infineon Technologies AG shares gained 2.8%. […]

Crypto Industry News: Canada’s regulated 3iQ digital asset management fund recorded another huge milestone in the development of its public Bitcoin fund. On January 14, Bitcoin Fund (QBTC) 3iQ reached $ 1 billion in market capitalization. Breaking this magic barrier shows parabolic growth in QBTC following the fund’s launch for Q3 in April 2020. QBTC […]

Gold price made a new lower low today at $1,809 but the RSI did not make a new low. Price was defended by bulls and we are now trading again above $1,830. The long lower tail in today’s candlestick combined with a bullish RSI divergence could be very important for the next few sessions. Blue […]

This month, the USD exchange rate reached an almost three-year low, but since then the greenback has strengthened by more than 1%, which has given rise to talk about a reversal of the long-term downward trend of the US currency. “The market is now in a state of anticipation, reflecting on whether higher yields on […]

S stock and bond markets are closed today so trading will be lighter, especially once London clocks off. Expect continuing US political headlines as Biden nears inauguration on Wednesday. Tomorrow, eyes will be on Trump as he’s expected to issue up to 100 Presidential pardons. Canadian markets are open though and digesting reports that Biden […]

Analysts believe that this year, the black gold market will be in short supply for the first time since 2017. In the short term, oil may cross the $60 per barrel mark, as the market moves into a deficit on an annual basis for the first time since 2017. The growth in demand for black […]

Prices on the precious metals markets sank this morning due to the serious strengthening of the US dollar. Gold futures contracts for February delivery on the electronic trading platform in New York slightly lost 0.11% or $2, to $1,827.9 per troy ounce. In contrast, silver futures contracts for March delivery, on the other hand, have […]

Crypto Industry News: Grayscale Investment has reached another record quarter. In its Q4 2020 report, a leading digital asset management fund reported that institutional investors spent over $ 3 billion on its products, with bitcoin being the largest share. Despite the challenges 2020 brought to the financial markets, or maybe because of them, Grayscale had […]