The US dollar rose against the euro and the pound, due to good statistics on business activity in the US. In addition, the statements of US President Donald Trump on supporting another package of assistance to the US economy increased the demand for the currency. Yesterday, China announced its readiness to implement the first phase […]

Greetings, dear colleagues! Let’s try to forecast the prospects for closing the week and sum up some interim results. However, to begin with, I would like to note that yesterday’s business activity indices in the manufacturing and services sectors in both the Eurozone and the US exceeded the expectations of economists and came out in […]

Greetings, dear colleagues! Let’s try to forecast the prospects for closing the week and sum up some interim results. However, to begin with, I would like to note that yesterday’s business activity indices in the manufacturing and services sectors in both the Eurozone and the US exceeded the expectations of economists and came out in […]

EUR/USD is trading in the red after another false breakout from the extended sideways movement. The US Flash Manufacturing PMI increased from 36.1 points to 39.8 points, beating the 39.3 estimates, while the Flash Services PMI was reported at 36.9, higher versus the 32.6 forecasts. The USD has taken the lead again after the US […]

GBP/USD – 1H Hi dear traders! On the 1-hour chart, GBP/USD reversed in favor of the US currency and began a gradual decline. Thus, market sentiment again changed into bearish, though the chart has not revealed yet any bearish patterns. The UK releases less news than the EU. The latest news was about a speech […]

Economic calendar (Universal time) The most significant event in today’s calendar is the publication of the ECB’s monetary policy minutes (11:30 UTC+00). EUR / USD Players on increase did not manage to change a situation. As a result, a daily slowdown was marked once again in the euro near the resistance zone, led by the […]

Hello, dear traders! I present to you the development of a trading idea for the AUD/NZD pair. Thus, according to our trading recommendation as of May 13, we recommended that you formed a limit sell orders grid starting at 1.07500 Plan: Development: It is better to take profit and refrain from transferring positions over the […]

USDCAD is in a trendless state within a horizontal channel since the pullback from the 4-year high of 1.4667, confined by the 1.4218 top and the 1.3854 base. Technically, the neutral bias could stay in place in the short-term as the MACD is barely moving around its zero and signal lines, while the RSI has […]

The Fed shows a clear signal that the US economy is expected to recover in the second half of this year. Recent statements by regulator’s members clearly show this very important position for the markets. The representatives of the Federal Reserve made it clear that they did not actually expect any second wave of the […]

The British currency completes the current week on a controversial note. Previously, the pound had to survive both a temporary increase and a long decline, but now difficulties have arisen due to the issue of negative rates. Experts fear that such measures could harm the pound, bringing down its dynamics. The idea of negative rates, […]

Fed officials have repeatedly declared a V-shaped economic recovery, but warned that it will take a long time to see so. “My forecast is a couple of difficult months,” said New York Fed President John Williams on Thursday. According to Williams, the US economy will see some recovery in the second half of 2020. In […]

Forecast for May 22: Analytical review of currency pairs on the scale of H1: For the euro / dollar pair, the key levels on the H1 scale are: 1.1082, 1.1041, 1.1005, 1.0986, 1.0935, 1.0912 and 1.0885. Here, we are following the development of the ascending structure of May 14. The continuation of the upward movement […]

To be honest, the market behaved strictly in accordance with published macroeconomic data yesterday. But to see this, excuse me for sarcasm, you need a microscope. The scale of the movements is so small that it even surprises. Usually, all the data that was published yesterday led to one hundred point movements. In relation to […]

Trend analysis (Fig. 1). Today, the downward trend may continue from the level of 1.0952 (closing of yesterday’s candle) with the target of 1.0917 – a 38.2% retracement level (presented in a red dashed line). From this level, the price may begin to move upward with the target at the upper fractal 1.1009 (presented in […]

GBPJPY has been declining over the last six weeks, falling back below the 20- and 40-day simple moving averages (SMAs) and the 132.00 psychological level, being the 38.2% Fibonacci mark of the down leg from 144.95 to 124.00. According to the momentum indicators, the stochastics are posting a bearish crossover within the %K and %D […]

NZDUSD appears to be fading from the vicinity of the upper boundary of the range of 0.6175 towards the 0.6073 level, that being the 61.8% Fibonacci retracement of the down leg from 0.6447 to the 11-year low of 0.5468, and the converged simple moving averages (SMAs) beneath. The short-term oscillators display the weakening in positive […]

Crypto Industry News: The Bitcoin address, which collected 50 BTC from mining, has just shown the first sign of activity since February 2009 – just a month after the creation of Bitcoin. According to data, the address 17XiVVooLcdCUCMf9s4t4jTExacxwFS5uh transferred the entire award for mining 50 BTC to two different wallets. Of this, 40 BTC remains […]

Crypto Industry News: The university, which trains officials of the Communist Party of China, has published a new book about cryptocurrencies. According to a local publication, the Central Party School of the Communist Party of China – also known as the Central Party School – published a book as part of a series of books […]

Technical Market Outlook: After the GBP/USD pair has made a new local high at the level of 1.2297, the bearish pressure intensified and the price has tested the upper channel line and bounced from it. The momentum remains negative to neutral, the market conditions are overbought, so the odds for another wave up are now […]

The bulls of the EUR/USD pair lost the positional struggle for the 10th figure: buyers retreated and headed to the bottom of the ninth price level. This price dynamics is primarily due to the dollar, which unexpectedly grew throughout the market due to a surge in anti-risk sentiment. Traders were alarmed by two factors: firstly, […]

The bulls of the EUR/USD pair lost the positional struggle for the 10th figure: buyers retreated and headed to the bottom of the ninth price level. This price dynamics is primarily due to the dollar, which unexpectedly grew throughout the market due to a surge in anti-risk sentiment. Traders were alarmed by two factors: firstly, […]

Technical Market Outlook: The EUR/USD pair has rallied towards the level of 1.1008, but market has made Bearish Engulfing candlestick pattern at the top of the move at the level of 1.1008. This level must be clearly violated in order to rally towards the swing high at 1.1017, which is the supply zone high. The […]

To open long positions on GBP/USD, you need: Yesterday, purchases from the 1.2222 level, to which I paid attention in my review for the afternoon, did not manage to bring the proper result, and after a serious erosion of this level amid the release of data on the US economy, I had to give up […]

To open long positions on EUR/USD, you need: The euro’s sharp decline yesterday afternoon occurred after good data on US activity, which indicated a weaker slowdown in May, compared with April. As for transactions in the afternoon, I drew attention to the 1.0941 level and advised only to open long positions from it in case […]

EUR/USD The euro grew during the first half of Thursday due to optimistic rates of European business activity for the current month: Manufacturing PMI of the euro area grew from 33.4 to 39.5, Services PMI showed even greater dynamics – an increase from 12.0 to 28.7. The euro has decisively reversed since the US session […]