US 30 Index’s (Cash) bullish tone is intact with the price currently resting above the 25,219 level, that being the 61.8% Fibonacci retracement of the down leg from the all-time high of 29,582.61 to the 40½-month low of 18,170. The price is sponsoring gains trading above the Ichimoku cloud and the supportive trend line. Additionally, […]

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EURGBP surged towards a fresh two-month high of 0.9055 earlier today after picking up momentum above the 0.9000 resistance. Meanwhile, in technical indicators, the RSI is hovering in overbought zone, while the blue %K line of the stochastic oscillator is turning slightly down suggesting a potential downside retracement in the near term. In case of stronger upside pressures the pair […]

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. Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning. […]

Coronavirus updates from around the world, as of May 29: the second wave is on the decline, but a third is possible. In the US, the number of new cases jumped to 22 thousand, and the number of deaths arose to more than 1,000 per day. Regions recorded these increases, with New York contributing about […]

As we can see on the chart, in Moscow, the daily rise in the number of new cases slashed to 2,000 people a day. The number of cured people exceeds 3,000. That is why the city’s authorities have deiced to soften the lockdown measures from June 1 st. It means that non-food stores and a […]

Gold is trading in the green for a second session after the temporary correction, the price has managed to stay above the $1,700 level signaling that the outlook is still bullish. The tensions between the US and China and the global economy slow recovery has pushed the price higher again. COVID-19 lockdown measures were eased […]

EUR / USD On May 28, the EUR/USD pair gained about 70 more basis points and, thus, continues to build the estimated wave 3 in 3 in C in B of the upward trend section. If this is true, then the increase in quotes will continue with targets located near the levels of 127.2% and […]

The USD index continues to decline. The prolonged silence of Donald Trump regarding the recent events in China is affecting the US dollar negatively, so particular caution should be exercised today with regards to trading decisions. Significant changes could occur at the forex market at the end of the trading week. The Chinese parliament has […]

The USD index continues to decline. The prolonged silence of Donald Trump regarding the recent events in China is affecting the US dollar negatively, so particular caution should be exercised today with regards to trading decisions. Significant changes could occur at the forex market at the end of the trading week. The Chinese parliament has […]

EUR/USD upside was confirmed by yesterday’s session, the price is trading at 1.1100 and is expected to approach the 1.1200 psychological area soon. The pair is drifting higher as the dollar index dropped like a rock. The USDX is almost certain that it will reach the 98.00 level, that’s why EUR/USD is expected to increase […]

EUR/USD upside was confirmed by yesterday’s session, the price is trading at 1.1100 and is expected to approach the 1.1200 psychological area soon. The pair is drifting higher as the dollar index dropped like a rock. The USDX is almost certain that it will reach the 98.00 level, that’s why EUR/USD is expected to increase […]

According to some analysts, gloominess is gathering over the Australian dollar. The currency of the Green Continent, previously existing separately, trying to maintain a balance of its own and other interests, can become a participant in the prolonged trade conflict between the United States and China. Experts fear that in this case, the Australian dollar […]

From the point of view of complex analysis, you can see the V-shaped recovery, and now let’s talk about the details. The trading week is coming to an end, it’s time to sum up the preliminary results, so the past days were extremely volatile. The quote initially developed the area of 1.2150/1.2180 and jumped up, […]

The pair traded upwards on Thursday but once again failed to break through 1.2360 – a 50% pullback level (presented in a blue dotted line). Today, the price will again try to test this level and if successful, a downward pullback is possible. Economic calendar news for the dollar is expected at 15:00 UTC. Trend […]

The pound/dollar pair shows a price correction, returning to the framework of the 23rd figure. The price increase is primarily due to the weakening of the US currency. This week, the dollar index declined from 99.3 points to 98.2, reflecting market concerns about the prospects for the US economy. Yesterday’s numbers only reinforced this concern, […]

Trend analysis (Fig. 1). Today, the upward trend may continue from the level of 1.1078 (closing of yesterday’s candle) with the target of 1.1126, located at the upper border of the Bollinger line indicator (presented in a purple dashed line). From this level, the price may begin to move downwards with the first target of […]

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 […]

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 […]

Stocks drift lower, yen edges up as markets await Trump’s response over Hong Kong But dollar hits 2½-month low on soaring euro and Fed hints of yield curve control Powell speech and US spending data also eyed later today Sino-US relations under strain Markets are bracing themselves for US President Trump’s press conference expected later […]

GBPUSD has been in ascending mode after the rebound on the two-month low of 1.2075, challenging the 1.2360 resistance level in the 4-hour chart. The technical indicators are currently proposing that the buying interest may continue as the 20- and 40-day simple moving averages (SMAs) are following, the price action and posted a bullish crossover in […]

AUDJPY maintains a clear uptrend in the short-term picture, well supported by an ascending trendline, but now must face the 0.7150 level and the 200-day simple moving average (SMA), which appeared a strong resistance this week, to continue the bullish retracement of the virus-led sell-off. The RSI and the MACD are currently reflecting a weakening positive […]

On Thursday, China moved forward with a resolution to introduce national security laws in Hong Kong to quell protests that befall there. The proposal came after the US House of Representatives passed a bill on Wednesday, ruling out sanctions to Chinese officials involved in the suppression of Uighurs. It stemmed from the decision of the […]

USDCAD has found some footing at the 100-day simple moving average (SMA) residing at the 1.3724 key trough, following a break of the foundation of a trading range that commenced around early April. The price has been weakening ever since it tested the ceiling of the horizontal market at 1.4264, backed by the intact bearish […]

Technical Market Outlook: The GBP/USD pair is challenging the local high of 1.2362 again. Despite the fact, that the market has made the Pin Bar candlestick that retraced the up trend almost in 100%, the bulls are pushing the prices and targeting the next level seen at 1.2381. The momentum is still strong and positive, […]