Corona virus summary: The Japanese prime minister, Shinzo Abe, is to lift the state of emergency imposed due to the coronavirus crisis. He said on Monday that the country had managed to get the spread of the virus under control in under two months. Physical distancing curbs were loosened for most of the country on […]

Technical Analysis – EURAUD appears flat below Ichimoku cloudEURAUD has been trading within a consolidation area over the last couple of weeks with upper boundary the 1.6895 resistance and lower boundary the 1.6610 support level. The pair is capped by the 20- and 40-period simple moving averages (SMAs) and the Ichimoku cloud in the 4-hour […]

AUDUSD currently looks inactive between the mid-Bollinger band and the 50-period simple moving average (SMA) after pivoting down from a two-month high of 0.6615. The correction from the 17½-year low of 0.5506 also seems to have gradually slowed from the end of April, ahead of the 0.6684 peak. Additionally, the short-term oscillators mirror the stalled […]

Many experts believe that in the near future, gold will become a leading asset or currency in the market, displacing the dollar. The prospects are not even diminished by the intense fluctuation of its quotes. Last Friday, May 22, market analysts recorded a rise in gold quotes by 0.4%, amounting to $ 1,734 per 1 […]

Oil: It can be seen that oil is at its highs since mid-April. This is inadequate to the foundation, since oil reserves are very large and market supply is higher than the demand. We are waiting for the fall. EURUSD: Euro returned to the range where it will either break above 1.0915, or fall to […]

It would seem that the joint initiative of Paris and Berlin to save the eurozone economy and the ECB’s willingness to do everything possible to this end, contrary to the decision of the German Constitutional Court, will allow the main currency pair to throw off its shackles and rush up. However, the euro does not […]

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The US 500 index (Cash) has finally reversed to the upside last Friday after flirting with the 50-period simple moving average (SMA) around 2,906. The upward pattern started at the end of March, but the market needs to beat the immediate resistance at 2,980 for more significant increases. Above that the market could meet the […]

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 […]

US threatens sanctions on China over Hong Kong security bill as tensions simmer But optimism from reopening of economies keeps risk aversion in check Euro and pound on the backfoot again as policy easing and political risks weigh US anger at China mounts; new cold war looming? US-China relations continued to sink to new lows […]

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 […]

EURUSD was again unable to close above the 1.0980 hurdle last week despite touching the 200-day simple average (SMA), with the price pulling back into the 1.0800 territory on Monday. The price is now located in the crossroads of the 20- and 50-day SMAs, around 1.0870, and should the lines fail to buffer the latest […]

Forecast for May 25: Analytical review of currency pairs on the scale of H1: For the euro / dollar pair, the key levels on the H1 scale are: 1.1009, 1.0961, 1.0935, 1.0912, 1.0876, 1.0836, 1.0789 and 1.0756. Here, the price registered the expressed potential for the downward movement of May 21. The continuation of the […]

On Monday, investor activity in Asian trading remains fairly low, on the one hand, this is due to weekends in Singapore, Britain and the United States, and on the other hand, with a wait-and-see attitude that they began to take against the escalation of the crisis between Washington and Beijing. As we previously expected, there […]

The CFTC report, published on May 22, showed an increase in demand for the dollar, which led to a decline in the overall short position to 6.574 billion. At the same time, it should be noted that demand decline in demand occurred against the background of the first reports of a decrease in the spread […]

EUR/USD is trading at 1.0889 level and it continues to be under some bearish pressure after another false breakout above the near-term major resistance levels. It has opened with a minor gap down signaling that the bears are determined to push the rate down in the short term. The global economy is struggling to recover […]

The pair continued to trade downwards on Friday after breaking through 1.0917 – a 23.6% pullback level (presented in a red dotted line) and then tested the 21 average EMA at 1.0885 (presented in a black thin line) then went up. Today, the price may continue to move down. Economic calendar news for the euro […]

Gold appears to have somewhat weakened after plotting a fresh more than 7½-year high, stalling above the mid-Bollinger band at 1,716. Though the short-term oscillators back a very short-term weakness in the price, the simple moving averages (SMAs) still maintain their strong positive charge, dictating a bigger positive bearing. The MACD is still in the […]

USDJPY has been developing near the three-week ascending trend line over the last sessions, finding support at the 23.6% Fibonacci retracement level of the down leg from 111.70 to 105.98 at 107.33. The pair seems to be bullish in the very short-term timeframe and the technical indicators agree with this bias. The RSI, in the […]

USDJPY has been developing near the three-week ascending trend line over the last sessions, finding support at the 23.6% Fibonacci retracement level of the down leg from 111.70 to 105.98 at 107.33. The pair seems to be bullish in the very short-term timeframe and the technical indicators agree with this bias. The RSI, in the […]

Technical Market Outlook: The GBP/USD pair has been testing the upper main channel boundary all weekend long, but still did not definitely returned back to it. So far the bears has pushed the price to the technical support located at 1.2165, but the bounce was shallow and the bearish pressure is still visible. The momentum […]

Technical Market Outlook: The GBP/USD pair has been testing the upper main channel boundary all weekend long, but still did not definitely returned back to it. So far the bears has pushed the price to the technical support located at 1.2165, but the bounce was shallow and the bearish pressure is still visible. The momentum […]

Coronavirus updates from around the world (official data as of the morning of May 25): There’s an improvement in the US. Brazil shows signs of a slowdown. In the US, daily deaths finally fell below 1,000, and the daily increase of new cases remains at almost 20 thousand per day. The premature lifting of quarantine […]

Technical Market Outlook: The EUR/USD pair has made a temporary high at the level of 1.1010, but after the Bearish Engulfing candlestick pattern was made, the bears took over the market and pushed the price towards the 50% of Fibonacci retracement located at 1.0887. The market conditions are still in their favor, so does the […]

Technical Market Outlook: The EUR/USD pair has made a temporary high at the level of 1.1010, but after the Bearish Engulfing candlestick pattern was made, the bears took over the market and pushed the price towards the 50% of Fibonacci retracement located at 1.0887. The market conditions are still in their favor, so does the […]