On October 13, the Apple technology company introduced a new iPhone 12 model to users. Apple has taken in the past a sketchy, very simplistic approach to its product line. Every year, one new iPhone model was released, the cost of the previous one was reduced and the older ones were completely removed from production. […]

The latest data on eurozone industrial production is both positive and negative, as on the one hand, the indicator continues to grow, but on the other, a slowdown has been observed. In addition, the increasing incidence rate in Europe does not give optimism. The report published by the Eurostat said that industrial production in the […]

The International Energy Agency has updated its forecast for oil prices. Thus, in 2025, oil may cost $71 per barrel, and in 2030, the price will reach $76, by 2040, oil will be traded at $85. Investment in oil production in 2020 collapsed due to the COVID-19 spread all over the world. However, the IEA […]

EUR / USD Yesterday was not particularly effective. The pair remained in the attraction zone of the daily cross 1.1764 – 1.1729, which favors the bulls more. Now, their task is to weaken bearish intentions and keep working in the daily and monthly Ichimoku clouds (1.1688 lower limit of the monthly cloud). The level of […]

Overview : The AUD/USD pair has dropped sharply from the 0.7153 level towards 0.7097. The level of 0.7153 acts as a daily pivot point. The pair is trading below its pivot point. It is likely to trade in a lower range as long as it remains below the pivot point. Short positions are recommended with […]

XAU/USD continues to challenge the $1,900 psychological level, so maybe you should stay away and wait for a fresh trading opportunity. The price has decreased a little in the short term even if the price action has signaled another leg higher. The bullish pressure remains high as the COVID-19 crisis grows. The global risk caused […]

Stock indices are changing in different directions this morning, which led to no single trend. The US dollar, in turn, goes sideways amid uncertainty about the prospects for another stimulus package. Trump proposes to introduce more incentives than Mnuchin and Pelosi, which is more than the Democrats can offer and obviously, some Republicans are willing […]

Yesterday, UK Prime Minister Boris Johnson expressed his disappointment that earlier trade talks did not lead to more progress over the post-Brexit deal. Nonetheless, he said that the current results could help the European Council make the right decision. Today though, negotiations over Brexit will resume, and it is set to last for two days. […]

Today we take a look at GBPCAD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Technical analysis of AUD/USD for October 15, 2020 October 15, 2020 Overview :The AUD/USD pair […]

Today we take a look at GBPCAD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Technical analysis of AUD/USD for October 15, 2020 October 15, 2020 Overview :The AUD/USD pair […]

USDCHF held in loses for the fourth week in a row, dropping below the 23.6% Fibonacci retracement level of the down leg from 0.9295 to 0.9084 at 0.9135. The RSI in the four-hour chart continues to miss direction around the 50 level, while the red Tenkan-sen jumped above the blue Kijun-sen line, increasing chances for a meaningful recovery in […]

Stocks retreat, dollar goes nowhere as Mnuchin plays down pre-election stimulus European covid cases go through the roof, but euro stands its ground UK signals it won’t abandon Brexit talks this week, pound jumps Aussie slides after RBA Governor fuels speculation for rate cut Stimulus talks stall, markets fall Global equity markets continue to correct […]

AUDUSD appears fixed, cramped between its 50- and 100-day simple moving averages (SMAs) and is adopting a short-term sideways demeanour. The steadied Ichimoku lines and the regulating 50- and 100-day SMAs back this view and may keep the price bound in a neutral phase for a while longer. The MACD, slightly below zero, is above […]

Let’s take a look at the event calendar for Thursday that seem to be quite busy and full of speech of various important people. Moreover, we will review the overnight data release from Australia and China and perform the technical analysis of NASDAQ and DAX. The material has been provided by InstaForex Company – www.instaforex.com […]

If the macroeconomic calendar is empty, then never ending Brexit comes to the aid. It became the reason why the pound erratically grew yesterday. British Prime Minister Boris Johnson seemed to have forgotten everything that he had said before, and even what he had promised his voters, and declared that Great Britain does not intend […]

The EUR/USD pair failed to break through the variable support yesterday before the local lows from October 7 and 8 (1.1725 and 1.1732). As a result, there was a rebound with price consolidation above 1.1750. In this case, we should pay attention to the two factors that helped the euro to reverse its rate: 1. […]

4-hour timeframe Technical details: Higher linear regression channel: direction – sideways. Lower linear regression channel: direction – sideways. Moving average (20; smoothed) – downward. CCI: -67.4180 For the EUR/USD pair, the third day of the week was again held in relatively calm trading, although the pair was losing its positions quite cheerfully a few days […]

Gold price today tested the key support and stop level at $1,882. Price bounced off the support area and is now back above $1,900. However bulls will need to continue to support price and show more strength by breaking above $1,912. If we do not see any sign of strength soon, I expect price to […]

Gold rises Wednesday morning in light of the growing concerns from market participants on the uncertainty of the recovery of the global economy. The tension on the US Presidential elections in November also played an important role. The price of gold went up 0.43% and reached $1,898. 86 per troy ounce. At the same time, […]

Tuesday turned out to be difficult for the US stock market. The sectors of finance, oil, gas and raw materials showed negative dynamics. As a result, the stock market plummeted. The Dow Jones lost 0.55%, the S&P 500 fell by 0.63%, and the NASDAQ Composite dropped by 0.10%. The leaders of the fall were the […]

Prior +4.6% Market index 798.9 vs 804.7 prior Purchase index 311.1 vs 316.0 prior Refinancing index 3,612.3 vs 3,622.3 prior 30-year mortgage rate 3.00% vs 3.01% prior The long-term mortgage rate falls to a new record low on the survey as the drop in mortgage applications largely stems from a slight moderation in purchase activity. […]

The aim is to try to avoid the ‘misery’ of another national lockdown He is trying to brush aside the pressure and calls for a ‘circuit breaker’ lockdown in the UK but if his current approach doesn’t bear fruit soon enough, expect the naysayers to hang the virus situation over his head in the coming […]

XAU/USD has managed to rebound in the last hours, but the upside is under treat as long it stays below the $1,900 psychological level. The yellow metal dropped aggressively in yesterday’s session as the USDX has managed to recover. Gold is trading at the $1,897 level, yesterday’s drop could be only a temporary one if […]

Gold price is trading below $1,900 just on top of critical support levels. Price is still above the short-term upward sloping supper trend line and as long as it holds above it we remain optimistic. Gold is now at $1,895 and we prefer to be short-term buyers with stops placed at $1,882. Blue lines – […]

A pandemic can have about the same consequences for the oil market as a meteorite falling to Earth for dinosaurs. The price of $100 per barrel is not worth dreaming about, because the gradual replacement of black gold with alternative energy sources can gradually lead to its death. The processes have accelerated due to COVID-19 […]