The Reserve Bank of New Zealand (RBNZ) will announce its rate decision early on Wednesday, at 02:00 GMT. No action is expected, so markets will be looking for signals that a rate cut is on the table at the August meeting. While the kiwi could tumble in case of a dovish statement, any losses may […]

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 […]

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 […]

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 […]

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 […]

Gold bulls got extra energy on Friday, driving the price towards an almost six-year high of 1,411. Downside corrections are likely in the very short term as the stochastics are set for a bearish cross above 80 overbought mark. The MACD however, has yet to show any sign of weakness, an indication that any slowdown in […]

Focus of the market is on the Trump talks with Xi Jin Ping at the G-20 summit in Japan at the end of a new week. The market expects the US and China to make a deal and this will end the protracted trade war launched by Trump. On the optimism of these expectations, the […]

EUR / USD Friday, June 21, ended with an increase of 80 basis points for the EUR / USD pair. Thus, the markets received confirmation of the construction of the upward trend section, having made a successful attempt to break through the maximum of the expected wave 1. Given this reason, the instrument can continue […]

To open long positions on GBP/USD you need: A weak US dollar renewed the demand for the pound and pulled it to the highs of this month. The goal of the bulls is a major resistance of 1.2762, a breakthrough of which will provide good support to buyers, which will lead to a renewal of […]

To open long positions on EURUSD you need: Traders continue to buy euros in the expectation of lower rates in the US, but they forget that the ECB may resort to such a mechanism in the near future and then everything will go in the opposite direction. Today, the task of euro buyers will be […]

All eyes this week are on planned meeting between Presidents Trump and Xi at the G20 summit Cautious optimism that progress can be made in stalled trade talks lifts equities on Monday But growing tensions between the US and Iran weigh on sentiment Dollar remains under pressure as markets expect a near-term rate cut by […]

EURUSD ended last week with a breakthrough to the top of an important level of 1.1350 and closed above this point. This is a strong signal for continued growth. Fundamentally, the dollar is falling on the Fed’s promise to lower the rate – if necessary – and on the expectation of progress in US-China trade […]

EURUSD staged a quick recovery last week, with the price crawling above the 200-day simple moving average (SMA) for the first time in more than a year. On Monday, the bullish pattern gained extra credence as the pair extended its positive momentum towards a new three month high of 1.1385. According to the RSI, which maintains a positive slope above […]

Crypto Industry News: A G7 task force is being set up to investigate how central banks can regulate cryptocurrencies, such as Facebook’s Libra. Concerns arose regarding the compliance of cryptocurrencies with anti-money laundering rules, consumer protection principles, and other regulatory issues. The G7 task force will be headed by Benoit Coeure, who sits on the […]

Technical Overview: The GBP/USD pair is testing the key technical resistance zone located between the levels of 1.2746 – 1.2761. The momentum is strong and positive, so the breakout is very possible and the next target is seen at the level of 1.2813. Please notice the market conditions are now overbought, so a local pull-back […]

USD / JPY pair Another yen breakdown in the second half of last week formed a double convergence with the Marlin oscillator on the daily scale chart. The target support of the trend line of the price channel at 107.02 is almost reached on the weekly timeframe. An underwater stone can lurk here as the […]

Technical Overview: The EUR/USD pair has made a new local high above the technical resistance at the level of 1.1347. The move higher was made on strong and positive momentum, so this might be the final breakout from the Ending Diagonal formation seen on the higher timeframe charts. The next target for bulls is seen […]

After testing a low of 135.43 GBP/JPY has been testing short-term important resistance at 136.92 multiple times indicating a weakening decline and possible bottom for wave 2. We have now seen a more substantial break above 136.92 and look for a firm break above 137.18 too. A break above this resistance will be a strong […]

EUR/JPY failed to move below 120.75 and instead broke above minor resistance at 121.97 indicating a low. This means that that the decline from 123.18 most likely was the c-leg of an expanded flat correction as wave ii and wave iii could now be developing. We still need a break above the 123.18 peak to […]

When the European market opens, some economic data such as Belgian NBB Business Climate and German Ifo Business Climate will be published. The US will not release any Economic Data today. So, amid the reports,EUR/USD will move in a low to medium volatility during this day.TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1442. Strong Resistance:1.1435. Original […]

Today, Japan and the US will not release any economic data. So, there is a probability that the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance.3:107.93. Resistance. 2:107.72. Resistance. 1:107.51.Support. 1:107.25. Support. 2:107.04.Support. 3:106.83. (Disclaimer)The material has been provided by InstaForex Company – www.instaforex.com

EUR/USD On Friday, the euro strengthened its growth, overcoming not only the high on June 7, but also the Fibonacci level of 76.4% (1.1356), showing the intention to grow to the next Fibonacci level of 61.8% at the price of 1.1445, which almost coincides with the high of March 20. But since we consider the […]

GBP/USD Last Friday, the British pound made its way through the resistance of the embedded line of the price channel of the daily chart and now intends to continue to grow to the MACD line on the daily. The Marlin oscillator on both graphs does not provide reversal signals. On the four-hour chart, the price […]

Last week’s strong momentum made it possible for the pair to reach the monthly control zone of June. This suggests the need to close all short positions. For further work in the direction of strengthening the franc, it will be necessary to form a correctional model, since the pair has gone beyond the weekly average […]

Forecast for June 24: Analytical review of H1-scale currency pairs: For the euro / dollar pair, the key levels on the H1 scale are: 1.1452, 1.1428, 1.1404, 1.1388, 1.1353, 1.1334 and 1.1305. Here, we continue to follow the development of the ascending structure of June 18. The continuation of the movement to the top is […]