Japan 225 stock index (Cash) is currently trailing the upper Bollinger band and has broken above the 23,172 high. The latest climb from 22,665 is acquiring positive ground after passing recent highs, something also suggested by the short-term oscillators. The MACD, some distance in the positive region, is strengthening above its red trigger line, while […]

Asian stock market went into the red zone on Wednesday, falling in almost all major areas with rare exceptions. This happened against the background of the decline in US stock indicators. Japan’s Nikkei 225 Index rallied slightly with an increase of 0.31%. China’s Shanghai Composite index rapidly went down dropping around 1.86%. The Hong Kong […]

Australia’s employment data for July will hit the markets at 01:30 GMT Thursday. Forecasts point to a spike in the unemployment rate, though that’s likely owed to more people coming back to the labor market, not a setback in the economy. As for the aussie, its broader direction will depend mostly on global risk sentiment […]

The EURUSD pair has been moving-up since the pair has initiated the depicted uptrend line on May 25. On June 11, a major resistance level was formed around 1.1400 which prevented further upside movement for some time and forced the pair to have a downside pause. Recently, the EURUSD demonstrated an ascending wedge around the […]

On March 20, the EURUSD pair has expressed remarkable bullish recovery around the established bottom around 1.0650. Shortly after, a sideway consolidation range was established in the price range extending between 1.0770 – 1.1000. On May 14, evident signs of Bullish rejection as well as a recent ascending bottom have been manifested around the price […]

Since April, the GBPUSD has been moving sideways within the depicted consolidation range extending between (1.2265 – 1.2600) On May 15, transient bearish breakout below 1.2265 (consolidation range lower limit) was demonstrated in the period between May 13 – May 26, denoting some sort of weakness from the ongoing bullish trend. However, immediate bullish rebound […]

Minute operational scale (H4) Continuation of the downward movement? Options for the development of the movement of EUR/USD & GBP/USD (H4) on August 12, 2020. ____________________ Euro vs US dollar The development of the movement of the single European currency EUR/USD from August 12, 2020 will be determined by the development and direction of the […]

CADJPY looks to be mostly neutral despite the latest ascent move from the 77.65 low. Currently, the pair is testing a new two-month high and if there is a bounce off at the 81.90 resistance it could endorse the horizontal trajectory. The short-term oscillators reflect a positive momentum. The RSI, in the positive area, has […]

EURGBP is currently attempting to jump above the heavy 200-period simple moving average (SMA), which has kept the deterioration of the pair alive. The SMAs are somewhat all flat for now, reflecting the neutral tone of the pair, but a bearish cross of the 200-period SMA by the 100-period one may revive negative tendencies. The […]

US retail sales for the month of July will hit the markets on Friday at 12:30 GMT and expectations are for a sharp slowdown from June’s charming rebound. While a weaker data set is hightly expected, traders may pay attention to the size of damage that the virus caused on consumption. The outcome may provide some policy direction, driving the […]

So far, as part of our corporate social responsibility initiatives for 2020, we supported 3 different food charities in Latin America to help the poor get the food they need to survive. On the 19th of March, we donated food supplies such as black beans, rice, noodle soups, salt, flour, tuna, oil, sugar and soluble […]

For the first time in a long period, the number of hospitalizations in the US due to Covid-19 fell to its lowest level in a month. At the same time, Donald Trump said that he considered a reduction in the capital gains tax. This news immediately affected the US dollar, which fell again after a […]

EUR/USD On August 11, the EUR/USD pair lost only a few basis points and thus continues to build the expected first wave of a new downward trend section. The wave structure of the upward trend looks fully completed, which increases the probability of continuing the decline of the instrument with targets located near the 23.6% […]

The pound left without much optimism the fact that the UK economy in the 2nd quarter of 2020 showed a slightly slower contraction than economists had predicted. Despite the fact that the coronavirus pandemic in Europe has caused it the most serious damage, many experts predicted such figures, which was not news beyond the scope. […]

Further Development Analyzing the current trading chart of BTC, I found that BTC managed to test our downside target from yesterday at the price of $11,125. Anyway, the price rejected but the Bollinger bands started to expand, which is good indication for the further downside continuation. Watch for selling opportunities on the rallies with the […]

Comments by UK international trade secretary, Liz Truss Further talks will be held in early September Both sides reaffirm commitment to negotiating a comprehensive agreement Agreed that negotiations should continue at pace throughout the autumn The remarks above comes after the third negotiating round between the two countries. There’s not too much specifics but it […]

Eurozone June industrial production +9.1% vs +10.0% m/m expected Prior +12.4%; revised to +12.3% Industrial production WDA -12.3% vs -11.6% y/y expected Prior -20.9%; revised to -20.4% Similar to May, the rebound in euro area factory output was less-than-expected but still shows signs of improvement since bottoming out in April. That said, the recovery remains […]

EURUSD: The euro gave a downward signal twice with breakouts, which both failed. The fact is that the news is calm and there is no strength in the market for a huge movement. Nevertheless, we have identified entry points for you: – Consider buy deals from the level of 1.1810. – Consider sell deals from […]

The GBP / USD pair has once again returned to the psychological level of 1.3000, where, on a natural basis, there was a slowdown and, as a result, the price rolled back in the opposite direction. With all the activity that occurred, the dynamics of fluctuations converged in the sideways movement of 1.2985 / 1.3185, […]

The key instruments of the precious metals market, namely gold and silver, demonstrated price records once again. Yellow and white metals remain positive, continuing to grow. However, analysts say that uncontrolled optimism was hindered by their recent decline. The price flight of the main precious metals was interrupted on Tuesday, August 11. Yesterday, gold declined […]

Euro failed to rise against the US dollar yesterday, due to the good report on US PPI, which equaled the positive influence of the strong German data released just hours earlier. The data in Germany indicated that economic prospects in the country rose strongly in August, coming out at 71.5 points against its earlier 59.3 […]

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GBPJPY reached a five-and-a-half-month high of 139.50 earlier today, continuing the buying interest that started on June 29. Also, the price remains above the 20- and 40-period simple moving averages (SMAs) and the MACD oscillator is strengthening its positive momentum above its trigger line. However, the RSI indicator is flattening slightly below the overbought zone. […]

Price is facing bullish pressure from our 1st support, in line with our horizontal swing low, in line with our 50% fib retracement, where we could see a further bounce towards our 1st resistance . Ichimoku is also indicating more bullishness. Trading Recommendation Entry: 75.69 Reason for Entry: horizontal swing low, 50% fib retracement Take […]

Technical analysis recommendations for EUR/USD and GBP/USD on August 12 EUR / USD Yesterday, the pair tested the resistance of 1.1806-13 (daily Tenkan + level of 100% working off the weekly target) and returned to the zone of attraction 1.1740 (lower border of the monthly cloud). The movement had no effective consequences, therefore, it did […]