The company has a very prominent shareholder base, is well-financed and the drills are turning. Lots of news are expected from drilling in the next months with good results from the historic mine sites in Nevada and New Mexico, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. Invest Your funds in financial instruments (CFD’s) […]

Too early to say if ECB emergency support measures need to be extended Knot may be a perennial hawk on the ECB board but the comments above pretty much reflects the wait-and-see approach the central bank is largely adopting currently. Further Development Analyzing the current trading chart of EUR. I found that there is completion […]

He reinforces that there is ‘strong’ EU unity ahead of the European Council meeting later this week and that they will continue to work for a fair Brexit deal in the coming ‘days and weeks’. I think the mention of ‘weeks’ says a lot about what they are expecting. Further Development Analyzing the current trading […]

The balance of supply and demand in the USD index shows that the dynamics are slowing down, which can only mean one thing: the dollar is weakening and there is a high probability of a decline. Moreover, experts from The Goldman Sachs, UBS Asset Management and Invesco predict an inevitable fall in the US dollar, […]

XAU/USD has managed to escape from the down channel as expected after the failure to approach the downside line of this pattern. The short-term bias is bullish as long it stays above the $1,900 level. It has come back to retest the $1,917 broken resistance. An increase beyond $1,933 yesterday’s high should confirm a further […]

Toady’s economic calendar is busy with important data releases, so let’s take a look at the EUR/USD, USD/JPY and Gold technical analysis ahead of the key event of the day, which is CPI data release from the US. The analysis will include macro calendar review, sentiment analysis and technical picture of the interesting currency pairs. […]

Gold price broke out and above the downward sloping trend line resistance. This week started on a negative note but as long as price is above $1,890 we remain optimistic for next few weeks. Red line -resistance Blue line -support Since the bottom in mid-September, price is making higher highs and higher lows. Support is […]

This week, market players will closely focus on the US dollar which showed high volatility during the close of the previous session. The US dollar index slipped by almost 1%, having tested the level of 93.00. In September, USDX bounced from this level following the extension of the correctional movement. Notably, the US dollar decline […]

Today, investing in cryptocurrency is a simple way to increase your savings, but with one important “but” – virtual money is quite a risky asset, and no one can guarantee the growth of its value in the future. In addition to this, there is another old proven option – bank deposits. However, the risks here […]

At the moment, the price of precious metals is undergoing a correction stage, which began in August. In one day, the cost of precious metals reached historic highs, but then fell again. So, gold lost 11% of its record price in August, and silver dropped by 27.45%. Some gold miners were hit even harder. Inexperienced […]

USDJPY is struggling to push above the 200-period simple moving average (SMA) as directional momentum has dampened. The Ichimoku lines appear powerless in aiding the stagnant pair while the flattening out of the simple moving averages (SMAs) promotes additional sideways development. The MACD has improved marginally above zero and its red trigger line but remains […]

The US 500 index rebounded on the 3,200 handle and the 100-day simple moving average (SMA), shifting back to the upside. Currently, the price found resistance at the 50-day SMA and the upper surface of the Ichimoku cloud, while the red Tenkan-sen and the blue Kijun-sen line are moving horizontally. The MACD and the RSI […]

Sentiment recovers on signs that stimulus deal is still in play Stocks rebound alongside crude oil, Japanese yen and gold retreat Markets to stay focused on ultimate game of ‘Deal or No Deal’ Coming up: ISM non-manufacturing and RBA policy decision Markets take solace from signs stimulus is coming Global markets opened on a cheerful […]

EURUSD is resting on the 1.1707 level, that being the 23.6% Fibonacci retracement of the up leg from 1.0726 to 1.2010, capped by the mid-Bollinger band. The simple moving averages (SMAs) command a bullish tone while the short-term oscillators convey mixed signals in directional momentum. The MACD and the RSI are transmitting a slight improvement […]

AUDUSD has been recovering nicely after the rebound on the two-month low of 0.7005, crawling back above the 20- and 40-period simple moving averages (SMAs). However, looking at the very short-term the price is ticking slightly down, dropping below 0.7200. From a technical perspective, the near-term bias is viewed as negative, reflected by the decline […]

Gold opened on the negative side on Monday, unable to remove the barrier around the 38.2% Fibonacci of the 1,670-2,079 upleg and stretch into the 1,900 zone. The 20-day simple moving average (SMA) also happens to be in the neighbourhood, adding extra importance to the region. In the short-term picture, the metal pierced the previous low […]

The Reserve Bank of Australia meets on Tuesday for its latest policy decision, with an announcement expected at 03:30 GMT. Having clearly signalled at its previous meeting that the Bank is planning to stay on hold for the foreseeable future, markets were caught by surprise from recent dovish comments by Deputy Governor Guy Debelle. The […]

NZDUSD found some traction on the mid-Bollinger band currently at 0.6613, after a pullback returned the pair underneath the 100- and 200-period simple moving averages (SMAs). Furthermore, the short-term ascent is holding above the uptrend line drawn from the 0.6510 mark. The short-term oscillators suggest increasing momentum. The MACD, in the positive area, is above […]

September turned out to be a rough month for equities but a good one for haven currencies as reality caught up with a runaway market. As we head into October, that heightened sense of caution looks set to prevail for a while longer amid intensifying anxiety about the US election and doubts about the sustainability […]

The US 30 (cash) index declined below the 50-day simple moving average (SMA), continuing the selling correction from the 29,210 resistance. From a technical perspective, the MACD is moving sideways near the zero level, while the RSI is pointing down below the 50 level. More downside movements could send the price until the next support, […]

Hourly chart of the EUR/USD pair The EUR/USD pair moved up on Monday, October 5. The pair grew from the very morning and continued to do so throughout the day. In the morning we talked about the fact that the upward trend line was rebuilt and therefore we recommend trading up while aiming for 1.1745 […]

By the end of August, the EURUSD pair has achieved a temporary breakout above the previously mentioned resistance zone located around 1.1900. However, Significant SELLING pressure was applied around 1.2000 where the upper limit of the movement pattern came to meet the pair. That’s why, the EUR/USD pair has demonstrated a quick bearish decline towards […]

Intermediate-term technical outlook for the GBP/USD pair has remained bullish since bullish persistence was achieved above 1.2780 (Depicted Key-Level) on the H4 Charts. On the other hand, the GBPUSD pair looked overbought after such a quick bullish movement while approaching the price level of 1.3475. That’s why, short-term bearish reversal was expected especially after bearish […]

T/P levels to be located around 1.1770, 1.1645 and 1.1600 while S/L to be placed above 1.1860 to minimize the associated risk. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Technical Analysis – USDJPY crowned by 200-MA; price… October 5, 2020 USDJPY is struggling to push above the 200-period simple moving…Technical Analysis […]

If earlier missiles fired at the Middle East, or nuclear tests conducted by North Korea, could easily trigger a gold rally, now all this seems to have no meaning for the so-called “safe harbor”. Even the news that US President Donald Trump had contracted the coronavirus did not cause the precious metal to rise rapidly. […]