Eurobucks failed to gain a foothold above $1.14 on the first attempt as they stumbled over the comments of the main FOMC pigeon. The head of the Federal Reserve Bank of St. Louis, James Bullard, noted that the reduction in the rate in July by half a percentage point is unfounded. In his opinion, the […]

Tesla’s stock rebounded in early June after touching a 2½-year low of 175.0, but the market remains below a longer-term downtrend line drawn from the highs of December 2018, keeping the broader outlook negative. The lower highs and lower lows on the daily chart, combined with price action taking place under the 50- and 200-day […]

Tesla’s stock rebounded in early June after touching a 2½-year low of 175.0, but the market remains below a longer-term downtrend line drawn from the highs of December 2018, keeping the broader outlook negative. The lower highs and lower lows on the daily chart, combined with price action taking place under the 50- and 200-day […]

The US 500 index retreated below the all-time high of 2964 in the previous couple of days, testing the red Tenkan-sen line in the daily timeframe. The 200-simple moving average (SMAs) remains flat, failing to confirm the long-term bullish picture. The MACD is extending is bullish run with weak momentum while the RSI is pointing […]

The US 500 index retreated below the all-time high of 2964 in the previous couple of days, testing the red Tenkan-sen line in the daily timeframe. The 200-simple moving average (SMAs) remains flat, failing to confirm the long-term bullish picture. The MACD is extending is bullish run with weak momentum while the RSI is pointing […]

The US personal income and outlays report, which features the Fed’s favoured inflation gauge, will be scrutinized on Friday at 12:30 GMT, as speculation about the central bank’s next move reaches fever pitch. Subdued inflation and increased uncertainties about the outlook led the Fed to drop its ‘patient’ stance in June and signal its readiness […]

According to experts from Bank of America Merrill Lynch, the cost of oil might fall to a critical $ 30, a barrel in the event of unsuccessful negotiations between China and the United States and the inability to find a compromise. In this situation, both powers will face a new round of trade conflict that […]

USDCHF posted a sharp bearish rally in the previous days, driving the pair towards a fresh nine-month trough near 0.9695. The technical indicators are hovering in oversold levels suggesting a potential upside retracement. The MACD remains below the trigger line, while the RSI is trying to jump above the 30 level. Yet with the market […]

G20 summits usually pass without any market reaction, but this time will probably be different, as the American and Chinese leaders are expected to meet to discuss trade. It’s a close call, but an agreement to restart negotiations seems more likely than nothing at all being agreed. If so, that could propel stocks higher, and […]

EURJPY has stabilized somewhat since early June, trading within a narrow range with an upper bound of 123.20 and a lower bound of 120.80, which keeps the near-term bias neutral for now. A break on either side is needed to determine the short-term direction. In the bigger picture however, the pair is still in a […]

Fed Chairman Jerome Powell pushes back on aggressive rate cut bets But dollar rebounds only modestly as markets still see a 25-bps cut in July G20 summit remains the week’s focal point but hopes of a major breakthrough are low RBNZ hints at more easing, but kiwi rallies Powell says Fed is “grappling” whether to […]

EURGBP found some footing around the 20-day simple moving average (SMA) last week and returned to a bullish trend thereafter. The price is currently testing the recent five-month peak of 0.8973 and a former restrictive area, where any decisive close higher may prove valuable to the market. The red Tenkan-sen however remains flat above the blue Kijun-sen […]

Fed Chairman J. Powell and St. Louis Federal Reserve Bank Head J. Bullard synchronously lowered the estimate of the likelihood of a rate cut at the July meeting by 50 pts at once, which allowed the dollar to stop falling and go into the side range. Bullard said the 0.5% rate cut was unreasonable, and […]

The growth trend of the euro remains in force. The reason is the expectation of a reduction in the rate of the Fed – and the expectation of a settlement of the Trump-China trade war at the G-20 summit later this week. Technical analysis allows purchases from 1.1350 and below up to 1.1250 In the […]

EUR / USD Tuesday, June 25, ended for the pair of EUR / USD with a decline of 30 basis points. Thus, a correctional descending wave consisting of 3 upward trend segments of the trend has presumably begun its construction. If this is true, then the increase in instrument quotes will resume the other day […]

Extremely weak macroeconomic reports from the United States did not prevent the US currency from adjusting for the entire market. The dollar index moved away from local minima, reflecting the increased interest of dollar traders. The immediate reason for the growth of the dollar was the comments of the Fed representatives, who leveled investors’ concerns […]

Technical Overview: The GBP/USD pair has made a minimal breakout above the resistance zone, but the price quickly reversed and made a Bearish Engulfing candlestick pattern. The pair moved lower to test the support at the level of 1.2668 as the market conditions are now overbought. Any violation of this level will lead to an […]

This week, the biggest focus among market participants is the meeting between Donald Trump and Xi Jinping of China. The meeting will take place at Osaka, Japan at the sidelines of the annual G20 meeting. Investors hope that the meeting of the presidents of the two most powerful countries in the world will help reduce […]

The New Zealand dollar rose today after the country’s central bank released its interest rates decision. As expected, the bank left interest rates unchanged at 1.50% and said that the low interest rates were necessary to caution the caution the country from the adverse impacts of the ongoing trade tensions. In the statement, the officials […]

US stocks declined yesterday after the Fed chair warned about the health of the US economy, The chair said that the ongoing trade war had put the economy at a precarious situation, which will lead to lower interest rates. Traders are now pricing in a 25 basis rate cut in the July meeting. In a […]

Technical Overview: The EUR/USD pair has reversed after hitting the level of 1.1405 as the Bearish Engulfing candlestick pattern was made. The price moved down to test the technical support located at the level of 1.1347 due to the overbought market conditions and weaker than before momentum oscillator. There is still a chance for a […]

JPY is holding the upper hand over GBP since the price rejected off the 148.00-150.00 area with a daily close. The bearish trend remained non-volatile and carried by the dynamic level as confluence along the way. Ahead of UK Inflation Hearing report today, GBP is going through corrections against JPY trying to regain momentum at […]

Crypto Industry News: The largest bank in the United States, JPMorgan Chase (JPM), expects to release its own JPM Coin cryptocurrency by the end of 2019. Umar Farooq, Head of Digital Treasury Services and Blockchain Technology at JPMorgan, revealed the company’s intention to launch JPM Coin pilot tests with selected clients at the end of […]

Crypto Industry News: The total number of Bitcoin ATMs (BTMs) around the world reached the threshold of 5,000 for the first time, as confirmed by CoinATMRadar. According to the latest statistics, there are currently 5,006 standalone BTM in around 90 countries, where cryptocurrency users can buy or sell Bitcoins. Some machines offer both services at […]

To open long positions on GBP/USD you need: Pound buyers need to keep the level of 1.2674, and the formation of a false breakdown, after updating the yesterday’s low, will be the first signal to open long positions in the pound. However, the main movement will depend on the speech of the Bank of England […]