WTI oil futures for August delivery managed to break resistance around the 50% Fibonacci of the 42.53-66.57 upleg and pick up steam towards a new three-week high of 56.33 on Thursday. However, buyers would like to see prices running above the 38.2% Fibo of 57.37 and the 200-period simple moving average (SMA) in the four-hour chart to put […]

GOLD managed to climb impulsively after breaking above $1,300 with a daily under high volatility. The price formed Bearish Divergence along the way but bulls are setting the tone in the market. One of the main factors for a sudden jump of the gold price is the dovish bias expressed by the US Fed at […]

GOLD managed to climb impulsively after breaking above $1,300 with a daily under high volatility. The price formed Bearish Divergence along the way but bulls are setting the tone in the market. One of the main factors for a sudden jump of the gold price is the dovish bias expressed by the US Fed at […]

According to analysts, the rally of the US currency, which lasts about eight years, is its nearing completion. The US dollar may fall in price, and the currencies of developing countries – to rise in price, says experts of the analytical company Pimco. Pimco believes that emerging markets currencies are currently the most attractive asset […]

According to analysts, the rally of the US currency, which lasts about eight years, is its nearing completion. The US dollar may fall in price, and the currencies of developing countries – to rise in price, says experts of the analytical company Pimco. Pimco believes that emerging markets currencies are currently the most attractive asset […]

After being dominated by USD since the price bounced off from 0.7400 area, AUD managed to regain momentum recently bouncing off the 0.6850 area. The dovish rhetoric expressed by the US Federal Reserve at the policy meeting yesterday is certainly bearish for USD. No wonder, AUD regained momentum immediately. Recently Australia’s housing market weakened more […]

Having kept the base interest rate in the target range of 2.25% -2.50%, the Federal Committee on the Open Market of the US Federal Reserve System commented on its decision and the current situation in the country: The Fed has noted an increase in economic activity at a moderate pace and the strong position of […]

Fed forecast for major indicators of the US economy are as follows: – the forecast for GDP growth is 2.0% – 2.2% (previously 1.9% – 2.2%) in 2019. – the forecast for GDP growth is 1.8% – 2.2% (previously 1.8% – 2.0%) in 2020. – the forecast for GDP growth is 1.8% – 2.0% (previously […]

The Bank of Japan (BOJ) officials concluded the two-day monetary policy meeting earlier today. The officials then released the interest rates decision, which was not surprising. The interest rates were left unchanged at the current level of minus 0.10%. The bank also said that more stimulus could be on the way. It also pledged to […]

The Bank of England (BOE) will become the third major bank to deliver its interest rates decision in the past 24 hours. The bank is expected to leave rates unchanged at the current level of 0.75% and unlike other central banks, it is expected to sound a bit hawkish in its statement. According to Reuters, […]

The Federal Open Market Committee (FOMC) concluded its two-day meeting yesterday and announced its interest rates decision. As was widely expected, the bank left interest rates unchanged at the range of 2.25% and 2.50% in this meeting. The bank also issued a somewhat dovish statement, indicating that it will likely cut rates soon. This will […]

Bitcoin is stubbornly testing the 38.2% Fibonacci ratio of the long 19,384-3,187 bearish wave for the fourth consecutive session that the bulls failed to successfully breach a year ago. While the slowdown in the red Tenkan-sen and the blue Kijun sen could be a warning sign that the bullish action may soon fade, the market could chart […]

As expected, the outcome of the Fed meeting dealt a heavy blow to the US dollar, which at the auctions in Asia continued to fall almost vertically against all major currencies at the auctions in Asia. The decision of the Federal Reserve to remove the word “patience” from the resolution with regard to its view […]

EUR / USD On Wednesday, June 19, trading ended with an increase of 30 basis points for the EUR / USD pair, and today, during the first half of the day, the pair added another 65 bp. However, it is not going to stop there. Based on this market reaction, it can be assumed that […]

For the last trading day, the euro / dollar currency pair showed a high volatility of 67 points, as a result of having a pulse jump in the market. From the point of view of technical analysis, we see that the level of the cluster 1.1180 played an excellent role as temporary support, slowing down […]

Yesterday, the market literally exploded when, in the evening, investors were wildly interested in selling dollars. The reason, of course, was the outcome of the meeting of the Federal Commission on Open Market Operations. The fun began immediately, as the Federal Reserve System issued a press release, which, although it was said that the regulator […]

For the last trading day, the currency pair pound / dollar showed high volatility of 130 points, as a result of having an impressive impulse. From the point of view of technical analysis, we see that the historical level of 1.2500 played the role of an excellent fulcrum, on the basis of which the current […]

EUR / USD pair All price fluctuations of the euro on the chart fit into the algorithm formed from the bullish wave on May 23. The structure traces the first 2 parts (A + B), while the completion B cannot be confirmed yet. The bullish wave level started on June 18 does not exceed the […]

Crypto Industry News: The police in China reported evidence that people are laying cables through fishponds to steal energy from oil wells to drive Bitcoin extraction. The news was published by the Chinese tabloid The Global Times. The report indicates that the Green Grassland police station in the Qiqihar district was notified of alleged power […]

Crypto Industry News: Carbon dioxide emissions generated by the Bitcoin network are comparable to the entire Kansas City, and even to a small country, according to a study published in the Joule journal. Christian Stoll, one of the scientists involved in the project, said that the high energy consumption generated by mining translates into a […]

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 […]

The flash release of the Eurozone PMIs for June will be on investors’ radar on Friday at 0800 GMT. After the European Central Bank chief, Mario Draghi, gave his clearest indication yet on Tuesday that more stimulus could be on the way, the PMI data will be watched closely for possible signs that Eurozone growth […]

EUR / USD pair (4H) On the 4-hour chart, the EUR/USD pair performed a reversal in favor of the euro after the formation of a bullish divergence in the CCI indicator. The end of the quotations from the Fibo level of 23.6% at 1.1187. A little later, the growth had begun which supported the presentation […]

Technical Overview: The EUR/USD pair has broken through the trendline around the level of 1.1250, moved higher towards the level of 1.1268 which was broken as well. At the time of writing the current high was made at the level of 1.1285 and the momentum behind the move is strong. The next target for bulls […]