Merkel and Macron’s large-scale plan to save the Eurozone economy by 500 billion euros primarily went on major criticisms. Austria opposed the plan publicly, but also in opposition to the plan by Denmark, Sweden, and the Netherlands. The root of the opposition is mainly because it is supposed that the help from the fund might […]

Few weeks ago, the EURUSD pair has expressed remarkable bullish recovery around the newly-established bottom around 1.0650. Bullish engulfing H4 candlesticks as well as the recently-demonstrated ascending bottoms indicated a high probability bullish pullback at least towards 1.0980 and 1.1075 (Fibo Level 50%). Around the price zone between (1.1075-1.1150), a bearish Head & Shoulders pattern […]

Few weeks ago, the EURUSD pair has expressed remarkable bullish recovery around the newly-established bottom around 1.0650. Bullish engulfing H4 candlesticks as well as the recently-demonstrated ascending bottoms indicated a high probability bullish pullback at least towards 1.0980 and 1.1075 (Fibo Level 50%). Around the price zone between (1.1075-1.1150), a bearish Head & Shoulders pattern […]

The European currency continued to strengthen its position against the US dollar after the news that Germany had eased its pressure and, apparently, once again abandoned its principles by proposing to France to create a fund for economic recovery in the eurozone, which will be included in the EU budget. The economies of Germany and […]

In Britain, the preliminary PMIs for May will hit the markets at 08:30 GMT Thursday, ahead of retail sales for April at 06:00 GMT on Friday. The PMIs are expected to rise, but to remain deep within contractionary waters, while retail sales are primed for a record collapse. As for the pound, it is being […]

Silver has climbed considerably higher on Monday, resting near a fresh ten-week high of 17.60, surpassing a strong key level – the 200-day simple moving average (SMA) – but the price failed to end the day above it. The momentum indicators suggest an overbought market as the stochastic completed a bearish cross within the %K […]

Corona virus summary: Popular crypto exchange Binance is planning to enter the Chinese market with the launch of its new China website. This comes after Binance was forced to leave China following strict regulations that shut down all domestic cryptocurrency exchanges in September 2017. Since then, mixed messages have been coming from Beijing. While financial […]

Corona virus summary: The number of people claiming unemployment benefits increased by the most since records began in April to reach almost 2.1 million, according to official figures capturing the onset of the coronavirus crisis. The said about 856,500 people signed up for universal credit and jobseeker’s allowance benefits in April, driving up the overall […]

Corona virus summary: The number of people claiming unemployment benefits increased by the most since records began in April to reach almost 2.1 million, according to official figures capturing the onset of the coronavirus crisis. The said about 856,500 people signed up for universal credit and jobseeker’s allowance benefits in April, driving up the overall […]

Corona virus summary: Chinese authorities have sealed off the north-eastern city of Shulan, home to about 700,000 people, after an outbreak of coronavirus, imposing measures similar to those used in Wuhan. All villages and residential compounds in the city were closed off, and only one person from each household allowed out for two hours every […]

To open long positions on GBPUSD, you need: The growth of the British pound in the morning amid optimism experienced by traders was limited by a weak report on the labor market. Although the unemployment rate has fallen, this is a March figure that no one has taken into account for a long time. In […]

To open long positions on GBPUSD, you need: The growth of the British pound in the morning amid optimism experienced by traders was limited by a weak report on the labor market. Although the unemployment rate has fallen, this is a March figure that no one has taken into account for a long time. In […]

Federal Reserve chief Jerome Powell has had a busy public speaking week and his schedule will remain busy as he testifies before Congress on Tuesday and participates in a ‘Fed Listens’ event on Thursday. The minutes of the April 28-29 FOMC meeting are also due this week (Wednesday, 18:00 GMT) and policymakers will likely strike […]

To open long positions on EURUSD, you need: Data on the ZEW indices of Germany and the Eurozone today provoked another wave of growth of the European currency against the US dollar because, despite their leading indicators, they were much better than the forecasts of economists. If you remember my morning forecast, I recommended opening […]

EURCHF recorded its largest daily gain in more than a year on Monday after repeatedly failing to clear the tough 1.0500 bottom. On Tuesday the pair is attempting to claim a similar credit, but it first needs to remove the 1.0652 resistance and close above 1.0700 to confirm additional buying action. The momentum indicators are […]

From the point of view of complex analysis, you can see a surge in activity, during which a variable range was broken, and now let’s talk about the details. The quote followed a variable range of 1.0775 / 1.0850 (1.0880) for seven consecutive trading days, showing low activity and indicating the accumulation process, but everything […]

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WTI futures for July delivery advanced to a fresh six-week high of 33.05 on Monday before pulling slightly back, opening the way for more bullish actions on the 4-hour chart. The price has been creating an upside trend since April 28, and the 20- and 40-period simple moving averages (SMAs) posted a bullish crossover in the preceding sessions, backing the positive structure. The technical indicators send […]

WTI futures for July delivery advanced to a fresh six-week high of 33.05 on Monday before pulling slightly back, opening the way for more bullish actions on the 4-hour chart. The price has been creating an upside trend since April 28, and the 20- and 40-period simple moving averages (SMAs) posted a bullish crossover in the preceding sessions, backing the positive structure. The technical indicators send […]

Good day, dear colleagues! As I have repeatedly noted in previous articles and it is no secret to anyone, the US dollar strengthened against all major competitors last week. The Japanese yen is no exception, but the last weekly candle does not give a clear answer about the further progress of the USD/JPY currency pair. […]

Good day, dear colleagues! As I have repeatedly noted in previous articles and it is no secret to anyone, the US dollar strengthened against all major competitors last week. The Japanese yen is no exception, but the last weekly candle does not give a clear answer about the further progress of the USD/JPY currency pair. […]

Vaccine headlines, Fed stimulus bets, and EU recovery package propel stocks higher Yen, dollar, and franc suffer as euro and commodity currencies cheer Fed chief testifies before US Senate today (14:00 GMT), can he keep the ‘party’ going? Perfect storm for stocks Risk appetite returned with a vengeance to global markets on Monday, with the […]

Vaccine headlines, Fed stimulus bets, and EU recovery package propel stocks higher Yen, dollar, and franc suffer as euro and commodity currencies cheer Fed chief testifies before US Senate today (14:00 GMT), can he keep the ‘party’ going? Perfect storm for stocks Risk appetite returned with a vengeance to global markets on Monday, with the […]

Coronavirus updates in the world: A very good news! The first human trials of the coronavirus vaccine showed positive results. According to Moderna Inc, a company in the US, human trials were conducted under the supervision of the US authorities. The second testing of the vaccine will occur soon. Several countries are also trying to […]

Coronavirus updates in the world: A very good news! The first human trials of the coronavirus vaccine showed positive results. According to Moderna Inc, a company in the US, human trials were conducted under the supervision of the US authorities. The second testing of the vaccine will occur soon. Several countries are also trying to […]