An impressive rally followed the rebound on the 23.6% Fibonacci of the upleg from 0.8489 to 0.9050, with EURGBP spiking above its simple moving averages (SMA) and the Ichimoku cloud in the four-hour chart. In the meantime, the RSI seems to be slowing down in the overbought territory, flagging that the rally is exaggerated, and therefore […]

Gold printed a multi-year high of 1452.87 on July 19, but sellers moved the asset back below previous highs of 1433.50 and 1439 recorded a month ago. The metal has found support on the 21-day simple moving average (SMA) and the Kijun-sen average around 1415. Tenkan-sen average has flattened out, indicating that short-term upside momentum […]

4-hour timeframe Technical data: The upper channel of linear regression: direction – up. The lower channel of linear regression: direction – down. The moving average (20; smoothed) – down. CCI: -80.7527 Last week was completely under the flag of the ECB. At the beginning of the week, traders tried to predict the actions of the […]

Crypto Industry News: On Thursday, July 25, on the panel at which Russian officials, lawyers and economists appeared, the regulation of the cryptocurrency market was discussed. The event took place in the “Gazeta Parlamentarna” conference center, an editorial board managed by the Federal Assembly, the Russian Parliament. The experts concluded that the integration of cryptocurrencies […]

Technical Market Overview: The GBP/USD pair has broken below the local support at the level of 1.2381 and made a new local low at the level of 1.1261 at the time of writing. The inability of bulls to bounce more than to the level of the nearest technical resistance is a clear example of a […]

Technical Market Overview: The EUR/USD pair is still trading above the key technical support at the level of 1.1108. The short-term bounce from this level did not change the difficult situation for bulls as the spike up was not even able to break through the technical resistance at the level of 1.1181. The momentum is […]

Risk Warning: 68.15% 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: 68.15% 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 […]

US dollar at 2-month peak on US GDP beat, doubts about aggressive Fed easing cycle Cautious start to big week for central banks and US-China trade talks Pound tumbles to 28-month low as new UK PM sets ground for no-deal Brexit Dollar holds firm ahead of Fed The US dollar held onto Friday’s gains at […]

EURUSD is struggling to gain buying interest after the deep fall towards the key 1.1100 support mark – the lowest in more than two years. The negative momentum in the MACD, which is far below the zero and trigger lines, suggests that the bearish sentiment is likely to stay in the short-term. Yet in the […]

Good afternoon, Elliott Wave fans. I’m Derek Bruce with Market Minute for Friday, July 26th. The S&P 500, Nasdaq Composite and Nasdaq 100 made new all-time highs today. https://bit.ly/31Nha9f Learn How the Wave Principle Can Improve Your Trading

Today is practically empty for fundamental data that could have led to at least any change in the current market situation. Economists continue to analyze yesterday’s series of statements by the President of the European Central Bank, which still keeps major players from further action before the weekend. Let me remind you that yesterday, Mario […]

US: Economic growth slowed less than expected in the second quarter, and consumer spending eased the decline in exports. In general, the data ease concerns about the state of the leading world economy. However, a rather optimistic report of the US Department of Commerce will not stop the Fed rate cut, given the growing economic […]

Too much bad news. So, you can call the results of the week to July 26 for the single European currency. The decline in business activity in the German manufacturing sector to the lowest level in the last seven years, the IMF’s decline in forecasts of global GDP growth to 3.2%, an increase in the […]

To open long positions on GBP/USD, you need: Buyers are trying to form a false breakdown at the low of 1.2418, forming temporary support around 1.2410. While trading will be above this level, you can expect an upward correction in the resistance area of 1.2456, where I recommend taking the profit. However, given the situation […]

To open long positions on EURUSD, you need: On the one hand, the US GDP report was better than economists’ forecasts, and, on the other hand, pointed to a slowdown in the growth of the American economy in the 2nd quarter compared to the 1st, which put traders in a deadlock at the end of […]

Trading recommendation: EUR did exactly what I expected yesterday. Post EBC move did rally into the our key resistance at the price of 1.1190 and then sold off. EUR is today in consolidation mode but at the support (1.1125). Yellow rectangle – Resistance 1.1195 Red rectangle – Major support 1.1125 MACD oscillator got the bullish […]

Palladium is the most valuable precious metal in the world. An ounce of palladium sells for more than $1,500 compared to the $1,400 that an ounce of gold sells. The metal is different than gold in a number of ways. For example, while most of the gold mined is used for investment purposes, most of […]

Sweden joined the European Union in 1995. Even though it is a member of the European Union, the country has its own central bank and currency. The currency is known as the Swedish Krona. The country does a lot of business with the European Union. In fact, almost 60% of all its trade is with […]

This week was mixed for the financial markets as investors received key economic data and quarterly results. This article will look at the biggest news that made the week. European Central Bank The ECB delivered its interest rates decision yesterday. This was a highly-anticipated decision because of the recent trends in the central banks decisions. […]

Overview: The GBP/USD pair continues to move downwards from the level of 1.2580. This week, the pair dropped from the level of 1.2580 to the bottom around 1.2454. But the pair rebounded from the bottom of 1.2454 then closed at 1.2560. Today, the first support level is seen at 1.2454, the price is moving in […]

Overview: The USD/CAD pair continues to move downwards from the level of 1.3258. This week, the pair dropped from the level of 1.3258 (this level of 0.9965 coincides with the double top) to the bottom around 1.3148. Today, the first resistance level is seen at 1.3258 followed by 1.3325, while daily support 1 is found […]

4/8 Murrey Math Level acted as support yesterday, but bulls haven’t fixated above 6/8 MM Level. The market is consolidating below Super Trend Lines, which brings more evidence that the bearish trend isn’t losing its steam. However, the pair is likely to test 6/8 MM Level once again before we see the price lower. Another […]

Investors will be glued to their screens next week, with a plethora of central bank meetings and an avalanche of data releases set to provide ample excitement. The Fed is certain to slash rates, though probably only by a quarter-point, which may briefly lift the dollar given expectations for even more aggressive action. The BoJ […]

The Bank of Japan will announce its latest policy decision on Tuesday. There is no set time for the announcement, but they are usually made slightly before 03:00 GMT. As the BoJ’s peers have begun cutting or are planning to cut rates, pressure is growing on the central bank to ramp up its already massive […]