The cocktail of violent protests across US major cities and a rising risk appetite upset the dollar and let other major currencies collect sizeable gains for more than a week now. On Friday at 12:30 GMT the famous nonfarm payrolls report may not be an ideal one, but it could add some floor under the buttered […]

The rally of the euro halted ahead of the upcoming ECB meeting, which will discuss further decisions on interest rate in the eurozone. Although many expect the monetary policy to remain unchanged, some experts predict that the European regulator may decide to lower the deposit rate by another 10 basis points, which could adversely affect […]

The Federal Reserve assures that it still has enough bullets, and the printing press is currently gaining a decisive victory as can be seen from the revitalization of demand for risky assets. The market clearly lays in the quotes a V-shaped recovery of both the US and global economies, and so far, it is calm […]

The number of active coronavirus cases in Moscow as of the morning of June 4 has decreased by 20%. This is a chart of active coronavirus cases in Russia (231,000 – the last column). The situation across Russia is not as good as in Moscow. The number of patients still remains at the highest levels […]

Having spilled over across the world, the coronavirus pandemic has affected the US economy. So, the CBO forecasts announced in January and May differ a lot. The US Congressional Budget Office said that between 2020 and 2030, the US total nominal GDP would fall by $15.7 trillion (5.3%), which is less than the forecast unveiled […]

Coronavirus updates from around the world. As before, new cases in the US increase by about 20 thousand per day, and deaths by about 1,000 per day. Cities are to be blamed, as quarantine measures work very poorly, especially during riots and mass protests. Nevertheless, the US economy has come back to life, and the […]

From the point of view of complex analysis, you can see high speculative interest, during which the quote managed to reach a key coordinate, and now let’s talk about the details. The past trading day had an upward mood once again, where the quote rebounded from the level of 1.1080 and headed towards the variable […]

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WTI oil futures pierced above the 100-day simple moving average (SMA) located at the 36.10 level, that being the 50.0% Fibonacci retracement of the down leg from 65.61 to 6.62. The commodity’s correction from the 6.62 bottom has breached the Ichimoku cloud and looks to be preparing to accelerate above a critical limiting region. Additionally, […]

Dollar regains some positive footing as risk rally eases Euro takes a breather ahead of ECB decision Oil pulls back amid doubts about OPEC+ extending output cuts Dollar fights to end losing streak as stocks lose steam The US dollar fought back on Thursday to retain its reign over FX markets, which has come under […]

The Canadian dollar, paired with the US currency, has strengthened by 500 points over the past two weeks. If we consider a wider time range, we can talk about the 1000-point strengthening of the “loonie”, which was trading at the level of the 45th figure in mid-March. To date, the USD/JPY pair is testing the […]

Good afternoon traders! A trading idea for the CHF / JPY pair. After the quotes successfully pass and update the yearly high, open short positions for a pullback in the CHF / JPY pair. The plan will bring a movement of about 6,000 pips, which is the average limit for a recoilless movement in the […]

Today we take a look at and see EURUSD 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:Technical Analysis – WTI builds confidence above… June […]

Recent circumstances have caused serious concern to many citizens who rely on investments to earn a steady income. Thus, although profit rarely comes from panic, leading dividend companies, whose shares are in the S&P 500 and increased their dividend payments for at least 25 consecutive years, must withstand these short-term problems. One such company is […]

Recent circumstances have caused serious concern to many citizens who rely on investments to earn a steady income. Thus, although profit rarely comes from panic, leading dividend companies, whose shares are in the S&P 500 and increased their dividend payments for at least 25 consecutive years, must withstand these short-term problems. One such company is […]

GBP/USD is trading in the red right now, the retreat is normal after the impressive bullish movement. The pair is trading at 1.2521 level, it was rejected by a strong static upside obstacle, and now is challenging the near-term support. The USDX’s rebound has lifted the dollar, that’s why GBP/USD is losing ground in the […]

By the end of this week, the European currency can breathe a sigh of relief and celebrate the victory: it managed to win against its rival, dollar. The euro was the winner, overtaking the dollar and showing impressive growth. Experts believe that this trend will continue in the coming weeks. At the moment, most of […]

The markets continue to rally in the wake of lifting quarantine measures to those countries affected by coronavirus pandemic. The recent statistics on the economies of significant countries indicate that, most likely, the full negativity remained in the past, which is the main reason for the continuation of the global depreciation of the dollar. The […]

Trend analysis (Fig. 1). Today, a downward pullback is possible from the level of 1.2575 (closing of yesterday’s candle) with the target of 1.2536 – a 14.6% pullback level (presented in a red dotted line). If this level is broken down, the downward trend may continue with the target of 1.2488 – a 23.6% retracement […]

Trend analysis (Fig. 1). Today, a downward pullback is possible from the level of 1.2575 (closing of yesterday’s candle) with the target of 1.2536 – a 14.6% pullback level (presented in a red dotted line). If this level is broken down, the downward trend may continue with the target of 1.2488 – a 23.6% retracement […]

Technical Market Outlook: The EUR/USD pair has hit the level of 1.1236 as anticipated, but the move up has ended with a Doji candle at its very top. Please notice, the market conditions are now overbought and despite the positive and strong momentum the price might start a corrective pull-back towards the nearest technical support […]

Technical Market Outlook: The GBP/USD pair has made a new local high at the level of 1.2614, just above the technical resistance located at the level of 1.2580, but now the price started to a pull back towards the upper channel line. The nearest support is seen at the level of 1.2485 and the next […]

Crypto Industry News: Coinbase went offline four times in the last three months during the main Bitcoin price movements, and furious users who can’t access their wallets demand a response. On June 1, when Bitcoin rose from $ 9,600 to $ 10,380 in less than an hour, Coinbase users trying to access their portfolio received […]

Crypto Industry News: Chinese law enforcement agencies have discovered the operation of mining Bitcoins in what appeared to be underground burial sites. A local English-language news service reported law enforcement found illegal mining activities in the city of Daqing in northern China. Police decided to investigate the area after a local oil company told law […]

AUDUSD had a considerable advance over the previous three days, driving the price towards a new five-month peak of 0.6982 after the penetration of the long-term descending line, which had been holding since December 2018. Currently, the price is retracing towards the diagonal line, increasing the case for more losses if the line fails to […]