The rise of the euro, which started after the news of an expanded emergency assistance program worth € 1.35 trillion, is now gradually slowing down. The data released yesterday on industrial production in Germany was hardly encouraging to traders, as the figures for which gives question to a bright future and quick economic recovery after […]

The rise of the euro, which started after the news of an expanded emergency assistance program worth € 1.35 trillion, is now gradually slowing down. The data released yesterday on industrial production in Germany was hardly encouraging to traders, as the figures for which gives question to a bright future and quick economic recovery after […]

Buy on rumors, then sell on facts. Brent and WTI actively grew on expectations of extending the April OPEC+ agreement to reduce production by 9.7 million b/d from the end of June to a later period. In the end, everything happened. However, the terms of the new agreement somewhat confused investors, which became the basis […]

News: Santiment’s Token Age Consumed index has recorded a significant spike in idle Bitcoin now exchanging hands in the past few hours. Technical analysis: Trading recommendation: The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Analysis and forecast for EUR/USD on June 9, 2020 June 9, 2020 Hello, dear colleagues! At yesterday’s trading, […]

Hello, dear colleagues! At yesterday’s trading, the euro bulls intended to continue moving the quote up, however, their attempts were doomed to failure. The strong technical level of 1.1380 played a role. Having risen to 1.1383, the upward momentum dried up and the pair turned to decline. In fairness, it should be noted that the […]

News: The outlook for UK jobs is the gloomiest in almost three decades, according to the latest employment survey by recruitment firm ManpowerGroup. It found that companies in all big sectors of the economy are more likely to cut jobs than to hire people over the next three months, from July to September, the weakest […]

Corona virus summary: As the US enters the heat of summer and coronavirus restrictions start to wind down, public health experts are already noticing a concerning trend – an uptick in Covid-19 cases in parts of the country. Technical analysis: EUR/USD has been trading downwards as we expected. The price broke the important pivot support […]

Today we take a look at and see AUDCAD how we are going to play the bounce! We use Fibonacci retracements, extensions, support/resistance, momentum and trend lines to identify trading opportunities in this exciting pair today! The material has been provided by InstaForex Company – www.instaforex.com Related Posts:BTC analysis for June 09,.2020 – Watch for […]

Goldman Sachs analyst Damien Courvalin pointed out four reasons for lowering the Brent crude price to $35 per barrel. Firstly, high oil prices and slow recovery in fuel demand cause oil processing profits to drop to record low levels. The second reason is the extremely unstable situation in the market. Thirdly, oil production is likely […]

This morning, the cost of crude oil began to slightly correct upwards after a significant decline the day before. It can be recalled that yesterday’s trading session ended negatively for black gold, which was caused by the disagreement of the UAE, Kuwait and Saudi Arabia to continue a voluntary reduction in production on its territory. […]

Overview The EUR/USD pair fell sharply from the level of 1.1384 towards 1.1250. Now, the price is set at 1.1270. The resistance is seen at the level of 1.1322 and 1.1384. Moreover, the price area of 1.1322 and 1.1384 remains a significant resistance zone. Therefore, there is a possibility that the EUR/USD pair will move […]

Coronavirus updates from around the world: the second wave is on a decline. The US once again recorded a significant decrease in the number of deaths to below 1,000 per day. In Brazil, new cases have also gone down below 20 thousand per day. In Russia, Moscow Mayor Sergey Sobyanin went on a risky experiment, […]

Gold is extending its positive momentum following the bounce off the 1,671 support level, having surpassed the 20-period simple moving average (SMA) in the 4-hour chart. However, the structure in the short-term remains bearish despite the latest upside correction. In momentum indicators, the RSI is pointing up near its neutral threshold of 50, while the MACD oscillator has posted a bullish cross with its […]

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 […]

The pair is trading in the red as the USD was lifted by the USDX’s rally. AUD/USD is trading at 0.6910, lower versus the 0.7042 today’s high, a confirmed bearish engulfing will suggest selling and bearish reversal. The USD tries to rebound and recover ahead of the FOMC policy meeting and before the US CPI […]

Unexpected strong data on the US labor market did not affect the US dollar. After a short increase near the 97th figure, the USD index again turned down and fell into a drift in the range 96.54-96.90. The data on nonfarm payrolls became a catalyst for a rise in the demand for risky assets, and […]

USD/CHF is accelerating its sell-off and most likely it will reach fresh new lows soon. The Swiss Franc has taken the lead again and it seems determined to appreciate further versus the dollar. The pair drops, even if the USDX has managed to increase today, I believe that only a USDX reversal could force USD/CHF […]

EUR/USD Analysis: On the chart of the pan-European currency since the beginning of March, the formation of an upward wave continues. All the past month, it formed the final part (C). The price reached the intermediate resistance zone, from which a pullback is formed in the last days. Forecast: Today, there is a high probability […]

Good afternoon traders! Congratulations to those who followed our trading idea on June 4 , which was to open short positions for a pullback from the yearly high 114.3 on the CHF / JPY pair. Plan: Results: The movement from the first transaction was more than 1,600 pips! Close the positions now and take profits. […]

Trading Recommendation Entry: 1675.53 Reason for Entry: Trendline, 61.8% fibonacci retracement Take Profit: 1675.53 Reason for Take Profit: Horizontal swing low support , 61.8% fibonacci extension Stop Loss: 1713.59 Reason for Take Profit: Horizontal swing high resistance The material has been provided by InstaForex Company – www.instaforex.com Related Posts:EUR/USD facing bearish pressure, potential for further […]

Trading Recommendation Entry: 1.12656 Reason for Entry: Horizontal swing support, 23.6% fibonacci retracement Take Profit: 1.11353 Reason for Take Profit: Horizontal pullback support and 50% fibonacci retracement Stop Loss: 1.13220 Reason for Take Profit: Horizontal overlap resistance The material has been provided by InstaForex Company – www.instaforex.com Related Posts:XAUUSD touching the bearish tendline, possible drop […]

EUR/USD – 1H. Hello, traders! The euro/dollar pair moved strictly sideways on the hourly chart on June 8, however, it still remained inside the upward trend corridor, which continues to define the current mood of traders as “bullish”. Thus, the growth process of the pair can be resumed after the quotes rebound from the lower […]

GBP/USD – 1H. Hello, traders! As seen on the hourly chart, the pound/dollar pair continues to grow within the upward trend corridor. Thus, if the euro/dollar pair is going to leave this corridor, then the pound shows a serious desire to stay in it and continue growing. There was no important information from the UK […]

The Australian dollar still reached its intermediate price peak: the level of 0.70 for many months served as a reliable support level: the bears permanently tried to go below this target for several months in the first half of last year, but returned each time. In the second half of 2019, the situation became mirror-like […]

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 […]