Corona virus summary: Quick Take China’s chip-making giant SMIC, which recently partnered with bitcoin miner maker Canaan, has filed for $2.8 billion IPO SMIC’s IPO filing comes amid rising trade tensions between China and the U.S., which have affected the largest chipmaker TSMC – Bitmain’s major chip supplier Crypto mining expert Kristy-Leigh Minehan expects SMIC’s […]

Corona virus summary: Quick Take China’s chip-making giant SMIC, which recently partnered with bitcoin miner maker Canaan, has filed for $2.8 billion IPO SMIC’s IPO filing comes amid rising trade tensions between China and the U.S., which have affected the largest chipmaker TSMC – Bitmain’s major chip supplier Crypto mining expert Kristy-Leigh Minehan expects SMIC’s […]

From the point of view of complex analysis, we can see that the quotes consolidated above the range level. The past trading day was as if decisive in terms of long positions, since the day before, the quote literally stood still with an oscillation amplitude of 1.1100 / 1.1150. The shift arose during the European […]

From the point of view of complex analysis, we can see that the quotes consolidated above the range level. The past trading day was as if decisive in terms of long positions, since the day before, the quote literally stood still with an oscillation amplitude of 1.1100 / 1.1150. The shift arose during the European […]

Corona virus summary: The World Health Organization and a number of national governments have changed their Covid-19 policies and treatments on the basis of flawed data from a little-known US healthcare analytics company, also calling into question the integrity of key studies published in some of the world’s most prestigious medical journals. Technical analysis: Gold […]

Due to the coronavirus pandemic, the energy market is shaken, therefore, in order to keep a balance in the market, the organization of oil exporting countries reduced oil production by three quarters. Nigeria and Iraq, in turn, broke the statistics, not meeting the established quotas. OPEC complies with the requirements An unprecedented fall in demand […]

Gold prices are heading sharply lower and have hit the lower surface of the Ichimoku cloud after bouncing off the 100-period simple moving average (SMA). The commodity has paused its bearish move at the 38.2% Fibonacci retracement level of the up leg from 1,614 to 1,765 at 1,718. Looking at the technical indicators, the RSI is pointing slightly up in […]

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The euro and the pound continue to rally against the US dollar amid strong prospects of economic recovery. The gradual recovery of economic activity in many countries pulled the risky assets back up. Today, the data on business activity in the service sector will be published, which may provoke a further increase in the rates […]

Overview: The EUR/USD pair continues to move upwards from the level of 1.1163. Yesterday, the pair rose from the level of 1.1163 to a top around 1.1228. Today, the first resistance level is seen at 1.1298 followed by 1.1347, while daily support 2 is seen at 1.1116 (61.8% Fibonacci retracement). According to the previous events, […]

EUR/USD seems unstoppable on the Daily chart, it has crossed above the 1.1200 psychological level and it could approach and reach fresh new highs if the dollar index reaches new lows. The pair is strongly bullish, the current rally was natural after the breakout from the former extended range and USDX has confirmed a broader […]

EUR/USD seems unstoppable on the Daily chart, it has crossed above the 1.1200 psychological level and it could approach and reach fresh new highs if the dollar index reaches new lows. The pair is strongly bullish, the current rally was natural after the breakout from the former extended range and USDX has confirmed a broader […]

Today we take a look at and see GBPUSD 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:Analysis of EUR/USD and GBP/USD for June 3.… […]

Gold has found a tough resistance and now is trading in the red again, but the current drop could be only a temporary one if the near-term support levels holds. The yellow metal price has rallied in the short term from the $1,700 level as the global risk is high. Gold is trading at $1,720. […]

EUR / USD On June 2, the EUR/USD pair gained about 30 more basis points and continues to build the expected wave 3 in 3 in C in B of the upward trend section. If the current wave markup is correct, then the increase in quotes will continue with targets located near the 127.2% and […]

From the point of view of complex analysis, you can see the convergence of the price with the predicted level of the flat formation, and now let’s talk about the details. The past trading day managed to maintain a previously set upward mood, during which the quote was consolidated above the periodic level of 1.2500, […]

Increasing optimism of strong economic recovery pummel the dollar Yen loses shine too, but gold holds within range as US and China risks linger Loonie nears 3-month high as BoC and OPEC+ decisions eyed Markets shrug off US unrest, look to recovery After a brief scare on Tuesday, it didn’t take long for risk appetite […]

XAU/USD Chart Yesterday’s Summary Yesterday price did not manage to move up above the previous H4 candle close to 1,744.63. For the whole day, bulls were trying to push the price above and several bullish candles pointed we could see the price moving up. In the second part of the day, the price fell through […]

USDJPY Chart Yesterday’s Summary Yesterday bulls took the price out of the range where the pair had been trading since 19.05.2020. A breakout from the range area was started with Friday’s pinbar on the daily time frame. That was a signal that we could see the price moving above resistance level at 107.939. A strong […]

Coronavirus updates from around the world: The table above contains official data as of the morning of June 3. Based on the figures, there seems to be a prolonged second wave in the United States. New cases rose once again above 20 thousand per day, and deaths have increased to above 1,000 per day. Total […]

NZDUSD recently received a positive boost, that thrusted the price above the 200-day simple moving average (SMA). The pair is continuing its approach towards the 0.6451 level, which is the 76.4% Fibonacci retracement of the down leg from 0.6754 to the 11-year low of 0.5468. Further backing the appreciation in price is the improving 50-day […]

Good afternoon traders! Congratulations to those who used our trading idea of opening long positions to increase the USD / JPY rate. The quotes successfully reached the level of 108. Trading idea on May 13: https://www.mt5.com/forex_analysis/quickview/250755 Trading idea on June 1: https://www.mt5.com/forex_analysis/quickview/251988 Both ideas suggested trading in a classic ABC pattern. Here is the plan […]

The “Protest Epidemic” in the United States continues to influence the mood of traders. The dollar index shows a downward movement (with slight upward pullbacks), reflecting the vulnerability and weakness of the US currency. Rallies have not ceased for the eighth day in a row, and this fact allows us to compare current events with […]

The “Protest Epidemic” in the United States continues to influence the mood of traders. The dollar index shows a downward movement (with slight upward pullbacks), reflecting the vulnerability and weakness of the US currency. Rallies have not ceased for the eighth day in a row, and this fact allows us to compare current events with […]

Forecast for June 3: Analytical review of currency pairs on the scale of H1: For the euro / dollar pair, the key levels on the H1 scale are: 1.1344, 1.1294, 1.1254, 1.1168, 1.1137 and 1.1087. Here, we continue to monitor the ascending structure of May 25. At the moment, we expect a movement to the […]