Switzerland is a major European country with a population of just 8.42 million people. It has a GDP of more than $678 billion. It derives most of its income from exporting industrial goods like chemicals, machinery, and textiles. It is also known as a leading financial hub, that is dominated with high-profile banks like Credit […]

Switzerland is a major European country with a population of just 8.42 million people. It has a GDP of more than $678 billion. It derives most of its income from exporting industrial goods like chemicals, machinery, and textiles. It is also known as a leading financial hub, that is dominated with high-profile banks like Credit […]

The burger chain saw its stock hitting a new record high of 206.30 on Friday, marking a growth of 17% for the year. The 20-day simple moving average (SMA) helped the bulls to retake control this week, while the positive momentum in the MACD and the RSI suggests the bullish party is not over yet for the stock. The peak at 206.30 could potentially […]

Inflation in the United States slowed more than expected, falling from 2.0% to 1.8% instead of 1.9%, but the dollar still managed to strengthen its position. However, such a decrease in inflation practically leaves the Federal Reserve System with no choice but to reduce the refinancing rate. There are already rumors about such a development […]

Inflation in the United States slowed more than expected, falling from 2.0% to 1.8% instead of 1.9%, but the dollar still managed to strengthen its position. However, such a decrease in inflation practically leaves the Federal Reserve System with no choice but to reduce the refinancing rate. There are already rumors about such a development […]

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 […]

NZDUSD has been holding within a narrow range over the last couple of days, with upper boundary the mid-level of the Bollinger band around 0.6590 and lower boundary the 0.6565 support level. The MACD is flattening near its red signal line, while the RSI is still hovering below the neutral threshold of 50, all signaling a more cautious trading in […]

NZDUSD has been holding within a narrow range over the last couple of days, with upper boundary the mid-level of the Bollinger band around 0.6590 and lower boundary the 0.6565 support level. The MACD is flattening near its red signal line, while the RSI is still hovering below the neutral threshold of 50, all signaling a more cautious trading in […]

ER / USD On June 12, Wednesday, trading ended for EUR / USD by 40 bp decline. Thus, the three-wave downward correctional structure, which I spoke about in recent days might have been completed, since the maximum of the supposed wave 5 has not been updated, and after it, three waves are already traced. Thus, […]

To open long positions on GBP/USD, you need: Buyers of the pound left the market after yesterday’s inflation data in the US. The primary task of the bulls is to hold the pair above the support of 1.2682, the formation of a false breakout will be a signal to buy the pound. In the scenario […]

To open long positions on EURUSD, you need: Buyers will try to stay above the support of 1.1290 today, and the formation of a false breakdown there will be the first signal for opening long positions in the expectation of updating the weekly maximum in the area of 1.1341, where I recommend taking the profit. […]

GBPJPY stabilized around a key barrier of 137.40 after bouncing on the five-month trough of 136.54. Although the RSI is currently sloping down, the indicator seems to be building an uptrend, confirming another higher high near its 30 oversold mark earlier this week. The MACD is also trending up above its red signal line, adding further hopes for a […]

Major pairs struggle against the yen as the market mood sours on low hopes of a US-China trade deal US dollar also supported from risk-off despite softer-than-expected inflation data Pound gains then falls again as opposition MPs fail to get backing for legislation blocking a no-deal Brexit Safe havens back in demand Fading hopes that […]

There is no strong important news. The market is waiting for two events: the G-20 Summit where Trump is expected to meet Xi Jin Ping regarding trade disputes. Trump threatened to raise duties by $ 300 billion worth of goods from China if negotiations did not take place. The second event – the Fed meeting […]

Today, the pair is in the middle of the flat range formed a week earlier. This speaks of keeping sales open after the 1/2 WCZ OF 108.79-108.70. The goal of the downward movement is the lower border of the flat, which is located at last week’s low. Transactions from the current levels are unprofitable in […]

Crypto Industry News: The American payment giant, Visa, launched a cross-border payment network based on certain aspects of Blockchain technology, as reported by financial media. The network, called “B2B B2B Connect”, aims to facilitate international payments made by global financial institutions by enabling direct interbank transactions between enterprises and beneficiaries. According to the publication, the […]

Crypto Industry News: Governor of the Central Bank of the Philippines, Benjamin Diokno, warned against the potential use of cryptocurrencies for financing terrorism and stressed that Bangko Sentral ng Pilipinas (BSP) will continue to closely monitor their use in the country, as we read in the local newspaper. In addition to comments from Diokno, the […]

Technical Market Overview: The GBP/USD pair continues to trade inside of a narrow range located between the levels of 1.2652-1.2761. It is worth to notice, that the market has made two Pin Bar like candlestick formation around the upper consolidation boundary, which is the level of 1.2761. The momentum is barely holding the neutral fifty […]

Today, the pair is trading within the 1/2 WCZ of 0.9954-0.9945, which makes it possible to fix some of the purchases that were open this week and the previous. Today, sales of the instrument are possible if a “false breakdown” model is formed. The first goal of the reduction will be the June minimum. Yesterday’s […]

Today, the pair is trading within the 1/2 WCZ of 0.9954-0.9945, which makes it possible to fix some of the purchases that were open this week and the previous. Today, sales of the instrument are possible if a “false breakdown” model is formed. The first goal of the reduction will be the June minimum. Yesterday’s […]

USDJPY has been on the sidelines for the most part of the week as the 109.00 level seems to be a real obstacle for the bulls. Over the last seven weeks the pair has been developing in a descending channel, erasing the bullish retracement from the 104.64 support. Technically, the price could lose some ground […]

USDJPY has been on the sidelines for the most part of the week as the 109.00 level seems to be a real obstacle for the bulls. Over the last seven weeks the pair has been developing in a descending channel, erasing the bullish retracement from the 104.64 support. Technically, the price could lose some ground […]

Technical Market Overview: The EUR/USD pair has broken below the short-term trendline support and violated the technical support at the level of 1.1305 as well. In that situation, the sell-off might accelerate towards the level of 1.1250 or even 1.1224. That move down will be considered as a local pull-back as along as new low […]

While EUR/JPY holds bullish tone, GBP/JPY remains under downside pressure. The question remains, whether GBP/JPY needs to make a new low closer to 134.52 to complete wave 2 or wave 2 completed with the test of 136.56. When the new Tory leader is elected, GBP may gain momentum moving higher towards 139.60 and 141.40 as […]