Dollar firms as Trump hints at end-of-week response against China over Hong Kong But stocks mixed as US-China tensions fail to dent recovery optimism EU divisions resurface, put a brake on euro’s advances US preps Hong Kong sanctions: only Asia takes note Asian stocks were under pressure on Wednesday as US President Donald Trump gave […]

On Tuesday, White House Press Secretary Kayleigh McEnany revealed that US President Donald Trump is unhappy with China on its efforts to “acquire” Hong Kong. According to Trump, “it is difficult to understand how Hong Kong can remain a financial center if China seizes power.” US officials warn that China’s efforts to introduce new national […]

On Tuesday, White House Press Secretary Kayleigh McEnany revealed that US President Donald Trump is unhappy with China on its efforts to “acquire” Hong Kong. According to Trump, “it is difficult to understand how Hong Kong can remain a financial center if China seizes power.” US officials warn that China’s efforts to introduce new national […]

EUR/USD is still undecided after another rejection from a major upside obstacle. The pair is traded at 1.0958 level after another rejection from the 1.0990 static resistance. The price has rallied in yesterday’s session as the USDX has dropped aggressively. EUR/USD has decreased today only because the dollar index has rebounded, but you should know […]

EUR/USD is still undecided after another rejection from a major upside obstacle. The pair is traded at 1.0958 level after another rejection from the 1.0990 static resistance. The price has rallied in yesterday’s session as the USDX has dropped aggressively. EUR/USD has decreased today only because the dollar index has rebounded, but you should know […]

Today we take a look at USDCAD and see 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:Daily Market Comment – Caution sets in after […]

Good afternoon traders! Congratulations to those who followed our trading idea of opening long positions on May 25 . The plan was to work out an ABC pattern: Plan: Results: The first goal was reached! The movement taken was more than 1,000 pips. Close 2/3 of the positions and leave 1/3 to work out the […]

Good afternoon traders! Congratulations to those who followed our trading idea of opening long positions on May 25 . The plan was to work out an ABC pattern: Plan: Results: The first goal was reached! The movement taken was more than 1,000 pips. Close 2/3 of the positions and leave 1/3 to work out the […]

The pair traded upwards on Tuesday and tested 1.2360 – a 50% pullback level (presented in a blue dashed line). Today, a downward pullback is possible. Nothing is expected for economic calendar news. Trend analysis (Fig. 1). Today, a downward pullback is possible from the level of 1.2326 (closing of yesterday’s candle) with the target […]

The pound paired with the dollar conquered the 23rd figure yesterday, updating along the way a two-week high. Most experts associated this trend with the weakening of the US currency and with the progress in the negotiations between London and Brussels. However, there is another fundamental factor that contributed to the strengthening of the British […]

The pound paired with the dollar conquered the 23rd figure yesterday, updating along the way a two-week high. Most experts associated this trend with the weakening of the US currency and with the progress in the negotiations between London and Brussels. However, there is another fundamental factor that contributed to the strengthening of the British […]

Risky assets are currently in demand, but the situation may reverse if relations between the US and China deteriorate. The latest issue between the two countries is the intervention of the White House in China and Hong Kong’s dispute regarding autonomy. US President Donald Trump made a number of statements yesterday on this subject, promising […]

On Tuesday, world markets rallied amid continued recovery in global economic activity, which is supported by optimistic sentiments associated with active work in the field of vaccine production and quarantine countries. The dollar was under pressure and is gradually losing ground in the currency market, which is more noticeable in pairs to commodity currencies. Earlier, […]

On Tuesday, world markets rallied amid continued recovery in global economic activity, which is supported by optimistic sentiments associated with active work in the field of vaccine production and quarantine countries. The dollar was under pressure and is gradually losing ground in the currency market, which is more noticeable in pairs to commodity currencies. Earlier, […]

The pair traded upwards on Tuesday and almost tested the historical resistance level of 1.1001 (presented in a blue dashed line). Today, the price may roll back down. Economic calendar news for the euro is expected at 07:30 UTC. Trend analysis (Fig. 1). Today, a downward pullback is possible from the level of 1.0985 (closing […]

Technical Analysis – Gold heads lower, hitting 2-week low Gold prices are heading lower in the very short-term, penetrating the 100-period simple moving average (SMA) on the 4-hour chart and challenging a new two-week low of 1,705. According to the technical indicators, the RSI is pointing slightly up near the oversold zone, while the MACD […]

Gold is into a corrective phase in the short term, technically, it is somehow expected to drop further after the valid breakdown below an important support zone. It is traded at $1,707 level and most likely will pressure the $1,700 psychological level soon. Still, the outlook is bullish, despite the current drop, personally, I believe […]

USDJPY’s recent obstruction to upside moves seem to be coming from the 107.69 level, that being the 38.2% Fibonacci retracement of the up leg from the 41-month low of 101.17 to the 111.71 high. The pair had drifted into a consolidation period (105.98 – 108.08) that has held for 6-weeks, where price advancements have been […]

NZDUSD is recording its second week of gains thanks to the descending trendline stretched from the 0.6754 peak that managed to curb downside corrections once again, allowing the price to advance to a 2 ½-month high of 0.6227 on Tuesday. The RSI and the MACD are still in favour of bullish actions but the pair […]

Technical Market Outlook: The GBP/USD pair has bounced from the upper channel line and technical support located around the level of 1.2165 and hit the first target zone located at the level of 1.2315. The local high was made at the level of 1.2361, so the bulls are pushing through this zone and are targeting […]

Technical Market Outlook: After the Hammer candlestick pattern was made at the level of 1.0870, the bulls took over the market and pushed the price towards the next technical resistance located at 1.0991. This level is the lower boundary of the supply zone so any violation of this zone would be even more bullish. The […]

Trading Recommendation Entry:1701.45 Reason for Entry: Trendline pullback, 88% fibonacci retracement Take Profit :11734.55 Reason for Take Profit: Horizontal swing high resistance Stop Loss: 1683.08 Reason for Stop loss: Horizontal swing low The material has been provided by InstaForex Company – www.instaforex.com Related Posts:AUDUSD pullback to trendline support in progress! May 27, 2020 Trading RecommendationEntry: […]

Crypto Industry News: According to a Russian television station, a bill was passed to the parliament by which crypto trade could be completely outlawed. Thanks to the act, the Russians could also regulate digital assets to the detriment of their owners. Federal Assembly members propose severe penalties for using cryptocurrencies. These regulations suggest a fine […]

Crypto Industry News: On May 18, the Ministry of Digital Transformation of Ukraine published a new draft law “On Virtual Assets”, which aims to determine the legal status of cryptographic assets, rules for their circulation and issue in the country. The current version of the proposal is not final and is open to dialogue with […]

The rapid growth of the single European currency was more like an outburst of emotions accumulated over two days of inactivity. After all, the market essentially did not work on Friday and Monday. Either European exchanges were closed, then American ones. Not only were all the exchanges opened yesterday,but interesting macroeconomic data were released as […]