To open long positions on GBP/USD, you need: Buyers of the pound were unable to hold the resistance of 1.2762, which was expected to lead to a correction. At the moment, the task will be to hold the pair above the support of 1.2720, and the formation of a false breakout there will be a […]
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EUR / USD plan for the US session on June 25. The euro correction is about to begin, but much depends on the Fed chairman’s
Post by admin on June 25, 2019
To open long positions on EUR/USD pair, you need: Euro buyers are gradually withdrawing from the market before an important speech by the Fed Chairman and their main task at the moment is to return and consolidate above the resistance 1.1401, which was formed in the morning. Only after such, it will be possible to […]
Brent goes to the path of war
Post by admin on June 25, 2019
The report about the American drone shot down by Iran and Donald Trump’s intention to launch a military strike on Tehran allowed the oil to mark the best day rally in 2019. The market immediately recalled the situation of the end of the last century when armed conflicts in the Middle East led to an […]
BTCUSD is testing a new 15-month peak of 11,427, creating a strong bullish rally over the last three weeks. While the slowdown in the red Tenkan-sen and the blue Kijun-sen lines could be a warning sign that the bullish action may soon fade, the market could chart another rally if the MACD continues to trend higher and rises above its red signal line. The RSI […]
Technical Analysis – WTI futures hover in narrow range; flat in short term
Post by admin on June 25, 2019
WTI oil futures for August delivery are moving sideways below the 50.0% Fibonacci mark of the 66.60 – 50.60 downleg near 58.58 but hover above the 20-period simple moving average (SMA) in the 4-hour chart. The RSI and the MACD are losing steam as both are falling in the positive area. If the market proves […]
The dollar plummets against the euro, the yen talks of lowering rates
Post by admin on June 25, 2019
The dollar fell to a three-month low against the euro and to the weakest value since the beginning of January against the Japanese yen due to the prospect of the Fed’s monetary policy easing to reduce the demand for the US currency. Euro added 2 percent and reached a three-month high of 1.1412 dollars. The […]
With participation in over 40 international financial exhibitions over a span of just a few years, XM has already reached several important event milestones in its corporate history this year. Soon after attending as many as four trading-related expos since this March, our XM representatives continued their way to the Spanish capital, Madrid, to take […]
With participation in over 40 international financial exhibitions over a span of just a few years, XM has already reached several important event milestones in its corporate history this year. Soon after attending as many as four trading-related expos since this March, our XM representatives continued their way to the Spanish capital, Madrid, to take […]
Swing oil prices reduce inventory
Post by admin on June 25, 2019
According to analysts, multidirectional dynamics of oil prices in the world market can lead to a reduction in black gold reserves. The reduction may be 2.8 million barrels, according to the US Department of Energy. A week earlier, another department, the American Petroleum Institute (API), published statistics, according to which the reduction in oil reserves […]
Markets are stable in anticipation of the G20, however, the rapid growth of gold is a prerequisite for the upcoming shocks. The US economy is losing momentum. Changes are becoming visible primarily at the regional level. While the model of GDP from the Federal Reserve Bank of Atlanta suggests a steady growth in GDP in […]
Forex News: 25/06/2019 – Dollar, stocks edge lower on G20 doubts; Powell speech eyed
Post by admin on June 25, 2019
Risk Warning: 71.61% 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 […]
Overview: The GBP/USD pair will continue to rise from the level of 1.2676. The support is found at the level of 1.2676, which represents the 61.8% Fibonacci retracement level in the H1 time frame. The price is likely to form a double bottom. Today, the major support is seen at 1.2676, while immediate resistance is […]
Overview: The EUR/USD pair continues to move upwards from the level of 1.1371. Yesterday, the pair rose from the level of 1.1324 to a top around 1.1420. Today, the first resistance level is seen at 1.1441 followed by 1.1484, while daily support 1 is seen at 1.1324 (61.8.% Fibonacci retracement). According to the previous events, […]
The Bitcoin rate is easily fixed above the mark of 10,000 USD and is now trading at a price of 11,300. At the same time, data from Google Trends search analytics show that the number of search queries for the word “bitcoin” has increased again to its maximum value in the last month, which indicates […]
Technical Analysis: 25/06/2019 – USDJPY plummets to fresh 5-month low
Post by admin on June 25, 2019
Risk Warning: 71.61% 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 […]
Technical Analysis: 25/06/2019 – USDJPY plummets to fresh 5-month low
Post by admin on June 25, 2019
Risk Warning: 71.61% 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 […]
Technical Analysis: 25/06/2019 – GBPUSD advances but finds resistance at 40-day SMA
Post by admin on June 25, 2019
Risk Warning: 71.61% 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 […]
Technical Analysis: 25/06/2019 – GBPUSD advances but finds resistance at 40-day SMA
Post by admin on June 25, 2019
Risk Warning: 71.61% 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 […]
USDJPY is tumbling to a new five-month low near 106.77 today, struggling within the downward sloping channel. The RSI is trending south in the oversold zone, while the MACD is heading down below 0, posting a bearish cross with its trigger line. Both are signaling more losses in the daily timeframe. If the price continues […]
USDJPY is tumbling to a new five-month low near 106.77 today, struggling within the downward sloping channel. The RSI is trending south in the oversold zone, while the MACD is heading down below 0, posting a bearish cross with its trigger line. Both are signaling more losses in the daily timeframe. If the price continues […]
Daily Market Comment – Dollar and stocks edge lower on G20 doubts; Powell speech eyed
Post by admin on June 25, 2019
Worries of no progress at Trump-Xi talks at G20 summit gives rise to risk aversion Iranian tensions also weigh on markets after US imposes new sanctions Dollar extends slide, while euro hits 3-month high above $1.14 level Fed in focus as Powell and others due to speak later in today Trade concerns hit sentiment ahead […]
Daily Market Comment – Dollar and stocks edge lower on G20 doubts; Powell speech eyed
Post by admin on June 25, 2019
Worries of no progress at Trump-Xi talks at G20 summit gives rise to risk aversion Iranian tensions also weigh on markets after US imposes new sanctions Dollar extends slide, while euro hits 3-month high above $1.14 level Fed in focus as Powell and others due to speak later in today Trade concerns hit sentiment ahead […]
Wave analysis of EUR / USD and GBP / USD for June 25. The scandal involving Boris Johnson lowers his political ratings
Post by admin on June 25, 2019
EUR / USD Monday, June 24, ended with an increase of 30 basis points for the EUR / USD pair. Thus, the conclusion suggests the continuation of the construction of the proposed wave 3 with targets that are near the levels of 127.2% and 161.8% in Fibonacci and higher. An unsuccessful attempt to break through […]
Wave analysis of EUR / USD and GBP / USD for June 25. The scandal involving Boris Johnson lowers his political ratings
Post by admin on June 25, 2019
EUR / USD Monday, June 24, ended with an increase of 30 basis points for the EUR / USD pair. Thus, the conclusion suggests the continuation of the construction of the proposed wave 3 with targets that are near the levels of 127.2% and 161.8% in Fibonacci and higher. An unsuccessful attempt to break through […]
Technical Analysis – GBPUSD advances but finds resistance at 40-day SMA
Post by admin on June 25, 2019
GBPUSD has been advancing over the last five days, following the rebound on the six-month low of 1.2500. Currently, the price is finding strong resistance near the 40-day simple moving average (SMA), which overlaps with the 1.2770 barrier. Looking at the technical indicators the stochastic seems to be overstretched as it is turning lower above the 80 […]
