This morning, the price of crude oil showed a negative correction. The main news played by market participants was the decision of the PRC authorities to refrain from setting benchmarks for economic growth this year. This step made investors think that under the influence of the COVID-19 pandemic, the demand for hydrocarbons will be quite […]

BTC News: With central banks across the world pumping billions of dollars into the economy through monetary and fiscal policies, never has the need for a central bank digital currency [CBDC] been more clearer. As CBDCs only increase in popularity given its current use-case, how will the advent of centralized digital currencies affect the world […]

BTC News: With central banks across the world pumping billions of dollars into the economy through monetary and fiscal policies, never has the need for a central bank digital currency [CBDC] been more clearer. As CBDCs only increase in popularity given its current use-case, how will the advent of centralized digital currencies affect the world […]

Corona virus summary: Downing Street did not rule out London emerging from the lockdown sooner than other parts of the country. Asked whether the capital could see measures eased quicker, the prime minister’s official spokesman said: “As we are able to gather more data and have better surveillance of a rate of infection in different […]

Corona virus summary: Downing Street did not rule out London emerging from the lockdown sooner than other parts of the country. Asked whether the capital could see measures eased quicker, the prime minister’s official spokesman said: “As we are able to gather more data and have better surveillance of a rate of infection in different […]

Corona virus summary: Tax revenues in Germany fell by a quarter last month, compared with a year earlier, as Europe’s largest economy faced its most severe recession since the second world war. The central government and the 16 federal states pulled in about 39bn euros in April, 25.3% less than the same month in 2019. […]

Despite the fact that the EUR/USD pair managed to close the almost week of May in the positive zone, an unpleasant residue remained. At the end of the five-day week, investors remembered that the coronavirus vaccine was still being tested, and not the fact that they would be successful; that business activity in the eurozone […]

From the point of view of complex analysis, we can see a gradual recovery process, which market participants have already expected. The current trading week is almost ending. Over the past days, the quote managed to form a course, from the alternating support point towards the area of the interaction of trading forces 1.2240 / […]

To open long positions on EURUSD, you need: The pressure on the euro remained at the beginning of the European session on Friday, and if you remember my morning forecast, I recommended opening short positions when the level of 1.0922 is retested or after it is fixed below it, which happened. On the 5-minute chart, […]

Virus recovery hopes have gotten a boost after preliminary PMI readings for May rebounded more strongly than expected, underscoring the market optimism. But with economic releases set to quieten down in the coming week, Washington’s increasingly hostile language against China threatens to upset the dubious risk-on theme. Any panic-driven sell-off in risk assets could be […]

AUDJPY inched lower in the last couple of sessions, after touching a 6-week high at 71.00, but the series of higher highs and higher lows is still intact on the daily chart, keeping the broader outlook positive. Endorsing the improved sentiment, the 50-day simple moving average (SMA) has turned higher, while the pair is also […]

GBPAUD added new legs to the downward pattern it started in early March after piercing the 200-day simple moving average (SMA), with the developing bearish cross between the 20- and 200-day SMAs increasing the case for another extension. That said, a rebound in the price cannot be ruled out as the RSI and the Stochastics hint oversold […]

Hello! After the impressive growth that the euro/pound cross-rate showed last week, the current five-day trading at the time of writing does not give an idea of the obvious direction of the price. It would seem that the single European currency should have been supported by the news that Germany and France agreed to create […]

Coronavirus updates from around the world: 1. In the US, the daily increase of new cases rose to 28 thousand. The number of deaths is about 1,400 per day. Such is the result of a premature easing of quarantine measures. 2. A third wave of the pandemic is brewing. Brazil recorded a huge increase in […]

EURUSD: Seemingly, there has been a cancellation or maybe only a delay with the upward trend. You may keep purchases from 1.0855 with stops at breakeven. Buy from 1.1000. Sell from 1.0770. Probably, around next week we will see new levels for entry. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Analysis […]

USD/CHF is trading at 0.9720 and the outlook is somehow bullish as the USD is boosted by the USDX’s rally. The currency pair is still located within an extended range, but the bulls seem to be strong enough to lead the price towards new highs in the weeks to come. The pair increases after the […]

Today we take a look at EURUSD 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:Analysis and forecast for EUR/GBP on May 22, […]

Good day, dear traders! Before proceeding to the charts of the USD/CAD currency pair, let me tell you some interesting facts about the balance of the Fed. As you know, the COVID-19 epidemic and its negative consequences for the American economy forced the Chairman of the Federal Reserve System (FRS) Jerome Powell to start a […]

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. […]

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. […]

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 […]

The US 30 index is creating a sideways channel with an upper boundary the 24,913 resistance and lower boundary the 22,900 support. The index is still developing above the 50-day simple moving average (SMA), however, the MACD oscillator is flattening in the positive region and the RSI is approaching the neutral region, endorsing the neutral […]

The US 30 index is creating a sideways channel with an upper boundary the 24,913 resistance and lower boundary the 22,900 support. The index is still developing above the 50-day simple moving average (SMA), however, the MACD oscillator is flattening in the positive region and the RSI is approaching the neutral region, endorsing the neutral […]

EUR / USD On May 21, the EUR/USD pair lost about 30 basis points, and on Friday morning trading another 45. However, such losses do not yet violate the existing wave markup, which assumes the construction of a wave 3 in C in B. At the same time, the instrument has not yet made a […]

Risk aversion deepens as China announces new security laws in Hong Kong Dollar and yen edge higher, global stocks sell off on fears of US retaliation Range breakouts rejected across multiple charts – S&P 500, euro, aussie, loonie Hong Kong sparks worries of new chapter in US-China tensions Global risk appetite crumbled on Friday, after […]