EURUSD seems to be oversold, confirmed from the stochastic oscillator, suggesting a possible upside retracement in the 4-hour chart. However, the 20- and 40-period simple moving averages (SMAs) are ready for a bearish cross and the MACD oscillator is lacking direction as it remains flat slightly above the zero line. In case of steeper increases […]

On Wednesday, Fed Chairman Jerome Powell warned of a long recession in the United States, and said that the long-term state of the US economy will depend on additional financial incentives to combat the economic impact of the coronavirus. Here are Powell’s remarks for the Peterson Institute for International Economics: The coronavirus has led to […]

A report on the coronavirus as of the morning of May 14: The virus is already subsiding in the United States, but very slowly and sluggishly. Infection rate is still high, above 20 thousand new cases per day, and the number of deaths per day is above 1,500. Although the decrease is slow, it is […]

GBP/USD Analysis: On the chart of the British pound, the correction within the ascending wave from March 18 entered the final phase. The price has reached the upper limit of the potential large-scale reversal zone. There are no reversal signals on the chart yet. Forecast: In the nearest trading sessions, the price is likely to […]

GBP/USD Analysis: On the chart of the British pound, the correction within the ascending wave from March 18 entered the final phase. The price has reached the upper limit of the potential large-scale reversal zone. There are no reversal signals on the chart yet. Forecast: In the nearest trading sessions, the price is likely to […]

From the point of view of a comprehensive analysis, you can see the price consolidation below the area of interaction of trade forces, and now let’s talk about the details. The last trading day was marked by an impulsive downward movement once again, during which the quote managed to overcome the area of interaction of […]

From the point of view of a comprehensive analysis, you can see the price consolidation below the area of interaction of trade forces, and now let’s talk about the details. The last trading day was marked by an impulsive downward movement once again, during which the quote managed to overcome the area of interaction of […]

Millions of Americans have been applying for unemployment benefits the past two months as the business pressure stemming from the Covid-19 crisis had led to massive layoffs, increasing concerns about how deep consumption, which accounts for two thirds of the US economy, could crash at some point this year. US retail sales due on Friday […]

Fed Chair Powell delivers bleak assessment of US economy but rules out negative rates Dollar stands tall as Wall Street takes a dive, pulling global stocks with it Pound and kiwi slip to multi-week lows, aussie and loonie also on the backfoot Powell’s dire warnings kill hope of speedy recovery Fed Chairman Jerome Powell’s much […]

Good afternoon, dear traders, here is a trading idea for gold. On Wednesday, Jerome Powell warned of a long recession in the United States and that the long-term state of the US economy will depend on additional financial incentives to combat the economic impact of coronavirus. The scale and speed of this decline are much […]

Good afternoon, dear traders, here is a trading idea for gold. On Wednesday, Jerome Powell warned of a long recession in the United States and that the long-term state of the US economy will depend on additional financial incentives to combat the economic impact of coronavirus. The scale and speed of this decline are much […]

Today we take a look at Gold 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

Today we take a look at Gold 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

The chart above shows the daily increase in new infection cases in Moscow. The number of new cases for May 14 is 4,700. Well, we can see the number of new cases has been stabilizing since May 3. If there is no surge in new cases above 6,000, we can expect stabilization of the number […]

Gold price is trading at $1,716 and is pressuring the short-term dynamic resistance. A valid breakout will signal a strong bullish momentum. The price was rejected once again by the near-term downside obstacles, so we may have a buying opportunity soon. Gold has increased aggressively in yesterday’s session, even if the USD dominates the currency […]

Gold price is trading at $1,716 and is pressuring the short-term dynamic resistance. A valid breakout will signal a strong bullish momentum. The price was rejected once again by the near-term downside obstacles, so we may have a buying opportunity soon. Gold has increased aggressively in yesterday’s session, even if the USD dominates the currency […]

So, we are asked to forget about the existence of any European macroeconomic statistics and proceed from the fact that there is only an American one. And even if it is very, very bad, it can only lead to a weakening of the dollar for a while. And in those wonderful moments when no macroeconomic […]

GBP/USD – 1H. Hello, traders! According to the hourly chart, the GBP/USD pair rebounded from the upper border of the new downward trend corridor, turned in favor of the US dollar, and resumed falling. Thus, the mood of most traders remains “bearish” until the pair’s quotes are fixed above the corridor. We cannot say that […]

Forecast for May 14: Analytical review in H1 scale: For Gold, the main key levels on the H1 scale are: 1748.45, 1739.99, 1736.07, 1728.82, 1724.03, 1714.34, 1707.86, 1702.15 and 1691.36. Here, we are following the development of the local ascending structure of May 11. At the moment, we expect movement to the level of 1724.03. […]

EUR/USD – 1H. Hello, traders! On May 13, the EUR/USD pair rebounded from the upper line of the upward trend corridor and fell to its lower line on the hourly chart. Thus, this line can also be rebound with a reversal in favor of the European currency and the beginning of new growth in the […]

EUR/USD – 1H. Hello, traders! On May 13, the EUR/USD pair rebounded from the upper line of the upward trend corridor and fell to its lower line on the hourly chart. Thus, this line can also be rebound with a reversal in favor of the European currency and the beginning of new growth in the […]

Contrary to market expectations on Wednesday, Fed Chairman J. Powell made it clear that the recovery of the US economy due to the coronavirus pandemic and the likely new second wave of the spread of infection will not be quick. Earlier, investors, arguing about what topic Powell would discuss on, assumed that he would touch […]

Contrary to market expectations on Wednesday, Fed Chairman J. Powell made it clear that the recovery of the US economy due to the coronavirus pandemic and the likely new second wave of the spread of infection will not be quick. Earlier, investors, arguing about what topic Powell would discuss on, assumed that he would touch […]

Forecast for May 14: Analytical review of currency pairs on the scale of H1: For the euro / dollar pair, the key levels on the H1 scale are: 1.0922, 1.0895, 1.0853, 1.0831, 1.0800, 1.0778, 1.0746, 1.0723 and 1.0694. Here, the price forms the potential for the downward movement of May 13. Short-term downward movement is […]

Trend analysis (Fig. 1). Today, the downward trend is likely to continue from the level of 1.2235 (closing of yesterday’s candle) with a target at 1.2174 – a 38.2% pullback level (presented in a blue dotted line). If this level is reached, the downward movement may continue with a target at 1.2029 – a 50.0% […]