Corona virus news: The British prime minister, Boris Johnson, has said his government will set out details of its plan to ease lockdown on Sunday, hoping that some measures could come into force the next day. “We will of course be setting out the details of that plan on Sunday,” Johnson told parliament after being […]

Corona virus summary: World must beat pandemic before investigating source – China UN envoy Chinawill not invite international experts to investigate the source of Covid-19 until after securing the “final victory” against the virus,Beijing’s UN ambassador in Geneva said. China’s priority is first beating the pandemic – and countering the “absurd and ridiculous” politicisation of […]

The pound is in anticipation of one of the most important events that determine its further dynamics – the meeting of the Bank of England. Experts believe that in the current situation, complicated by the negative consequences of the COVID-19 pandemic, the pound should not expect positive news. According to analysts, in the near future, […]

The decision of the German Constitutional Court on the legitimacy of the European QE sent the EUR / USD bulls by knockout. Although the German Constitutional Court does not consider the European quantitative easing program (€ 2.7 trillion) launched in 2015 as direct financing of national governments, it threatens to block new purchases of bonds […]

From the point of view of complex analysis, we see that the upward course set on April 24 managed to locally overcome April 15’s high, but failed to hold within it, so a downward impulse occured, which returned the quote to the same price level that it began. The high activity was countered by the […]

EURGBP is currently capped by the merged 50- and 100-period simple moving averages (SMAs) in the 4-hour chart still bound within a directionless market that commenced on April 6. Further backing this view is the mostly flat joined 50- and 100-period SMAs. Turning to the short-term oscillators, they paint an unclear picture. The stochastics are […]

EURGBP is currently capped by the merged 50- and 100-period simple moving averages (SMAs) in the 4-hour chart still bound within a directionless market that commenced on April 6. Further backing this view is the mostly flat joined 50- and 100-period SMAs. Turning to the short-term oscillators, they paint an unclear picture. The stochastics are […]

EUR / USD On Tuesday, May 5, the EUR / USD pair lost about 75 bps and thus continued to build the expected wave 2 to C in B. If the current wave marking is correct, then the increase in the quotes of the instrument will resume with targets at about 11 figures in the […]

EUR / USD On Tuesday, May 5, the EUR / USD pair lost about 75 bps and thus continued to build the expected wave 2 to C in B. If the current wave marking is correct, then the increase in the quotes of the instrument will resume with targets at about 11 figures in the […]

Overview: Pivot : 0.6443. The AUD/USD pair recovered from the top of 0.6548 to close at the 0.6400 level. We are still looking for bullish market as long as the price is set above the area of 0.6350. The AUD/USD pair will continue to rise from the level of 0.6443. The support is found at […]

Overview: Pivot : 0.6443. The AUD/USD pair recovered from the top of 0.6548 to close at the 0.6400 level. We are still looking for bullish market as long as the price is set above the area of 0.6350. The AUD/USD pair will continue to rise from the level of 0.6443. The support is found at […]

GBPJPY continues to fall below the Ichimoku cloud and the simple moving averages (SMAs) in the 4-hour chart over the last couple of days, penetrating the consolidation area, which had been holding since March 26. According to the MACD, negative momentum could push for further losses in the short-term as the indicator picks up steam […]

Gold has been trading sideways in the short term, it is still trapped within a minor triangle, but the price could explode soon and it could hit fresh new highs. The global uncertainty and risk keep the yellow metal in the buyer’s territory. Gold is trading at $1,707 and it could register a significant move […]

Technical analysis recommendations for EUR/USD and GBP/USD on May 6 Economic calendar (Universal time) Today, the following data may attract attention in the economic calendar: 12:15 change in the number of people employed in the non-agricultural sector (USA); 14:30 stocks of crude oil (USA). EUR / USD Having descended under the support of the daily […]

Today we take a look at EURAUD 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

From the point of view of a comprehensive analysis, we see another price return below the level of 1.2500, and now let’s talk about the details. The previous days turned out to be impulsive, the upward spiral set still from the point of variable support 1.2246 [April 21] lasted up to the level of 1.2641, […]

EUR/USD – 1H. Hello, traders! The EUR/USD pair continued to fall on the hourly chart on May 5. I was able to build a new downward trend line, but since there has not been a single pullback to the top in recent days, this trend line does not support the “bearish” mood of traders. Or […]

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 […]

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 […]

Euro crumbles after German courts challenge ECB stimulus Outlook still bleak, this is the last thing the fragile Eurozone needs Stocks trim gains on Fed gloom and Congressional ‘pause’, yen climbs Today: ADP data will give a taste of what’s on Friday’s NFP menu Euro falls apart as Germany challenges ECB The single currency came […]

GBP/USD – 1H. Hello, traders! According to the hourly chart, the GBP/USD pair was trading with a slight upward bias during Monday. Maybe it was a rollback. If so, the price drop may be resumed now. As for the euro currency, I have built a downward trend corridor, which formally supports the “bearish” mood of […]

For Gold, the price forms a small potential for the top of May 1. We expect the development of the upward cycle after the breakdown of the level of 1717.46. The level of 1690.06 is the key support. For oil, we continue to expect the development of an upward trend after the breakdown of the […]

Coronavirus updates: Daily deaths in Britain rose to almost 700. In the US, fatality is again close to 2,500 per day, which is the same as the highest figure recorded in April. Such data suggests that both the UK and the US have not completely passed the peak of the pandemic, so it is extremely […]

There is some general idea that the state does not have the right to intervene in the economy and somehow influence free competition and the like. And huge masses of people are ready to defend this point of view angrily. However, it is these very people who, as soon as something is wrong with the […]

The classic EUR/USD currency pair has lost its balance once again: strong pressure has been put on the European currency again, while the US currency is actively using the chance of recovery. Experts fear the excessive subsidence of the eurocurrency and, as a result, a long skew in the pair. The dollar is currently growing […]