Gold managed to reach the $1350 area with an impulsive non-volatile bullish pressure and formed Double Top pattern. It may pull the price down towards $1300-1320 support area. Gold pushed lower after an eight-day streak in the previous session as the US and Mexico made a deal. Asian stocks were mostly higher amid upbeat economic […]

With rate cut expectations running high following Friday’s disappointing NFP report, the focus for the US dollar this week is firmly on the latest inflation and retail sales figures. The inflation data is released first on Wednesday at 12:30 GMT, followed by the retail sales report on Friday, at the same time. As concerns grow […]

The euro managed to assert strength against the greenback residing above the 1.1300 area with a daily close. The weak NFP report supported the gains of the euro. Nevertheless, the Eurozone economy continues to shrink. A global trade war is unlikely to subside economic growth. Additionally, the European Central Bank is ready to use any […]

The euro managed to assert strength against the greenback residing above the 1.1300 area with a daily close. The weak NFP report supported the gains of the euro. Nevertheless, the Eurozone economy continues to shrink. A global trade war is unlikely to subside economic growth. Additionally, the European Central Bank is ready to use any […]

American bank JPMorgan Chase downgraded its annual forecast for the pound to $ 1.29 from $ 1.35- $ 1.36 against the background of increased uncertainty around the UK exit from the EU. “Predicting the outcome of Brexit has become more difficult,” JPMorgan representatives said. They believe that the risk premium for uncertainty in the pound […]

The upward impulse for the euro-dollar pair is gradually fading away: the disappointing Nonfarm helped the eur / usd bulls rise to the area of the 13th figure. However, further growth is questionable. After Washington and Mexico were able to avoid a tariff war, the degree of geopolitical tension somewhat declined, and this fact allowed […]

The message saying that the United States postponed indefinitely the introduction of import duties on goods from Mexico after successful negotiations, has supported optimism in global stock markets. Mexico has undertaken a number of obligations particularly, to reduce the migration flow in the United States. The growth of markets is supported, including changes in expectations […]

To open long positions on GBP/USD you need: Buyers of the pound need an urgent breakthrough and consolidation above the resistance of 1.2691, which was not possible yesterday afternoon. Only good labor market data will return large players to the market, betting on the continuation of the strengthening of the pound. The goal will be […]

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 […]

To open long positions on EURUSD you need: Important data did not come out in the second half of the day, and it was expected that euro buyers began to return to the market after the test of a support level of 1.1290, as sellers again took a wait-and-see position and did not pull down […]

Trend analysis (Fig. 1). On Tuesday, the price may continue the upward trend, with the first target of 1.1349 – the upper fractal, with the ultimate goal which is the resistance line 1.1367 (red bold line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – […]

Trend analysis (Fig. 1). On Tuesday, the price may continue to move down, with the first target of 1.2661 – a sliding level of 50.0% (blue dashed line) and go further down. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – up; – candlestick analysis […]

The single European currency almost did not move yesterday, which is understandable since in Germany there was a day off on the occasion of the celebration of the Day of the Holy Spirit. But in the UK, no one rested that makes everyone sad. Although the reason for the sadness was not the working Monday […]

Crypto Industry News: The president of the US Securities and Exchange Commission Jay Clayton said that the regulator must feel comfortable in connection with the supervision of cryptocurrencies and ensure that no manipulation on the market could take place before approving the ETF cryptographic fund. Clayton made his comments during an interview with one of […]

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 […]

WTI crude oil futures are rising above the bullish cross within the 20- and 40-simple moving averages (SMAs) but are still hovering below the Ichimoku cloud in the 4-hour chart. The downside momentum appears to have run out of steam as the stochastic oscillator is returning higher while the RSI is trying to gain ground […]

Crypto Industry News: The research company CoinShares in its semi-annual mining report estimates that 74.1% of Bitcoin output is currently powered by renewable energy. The report also states that “at current prices, the average miner is highly profitable, and even older tools and producers with high operating costs are now able to achieve a positive […]

Technical Market Overview: The GBP/USD pair made a quick dip below the technical support at the level of 1.2668 and then bounced slightly, but not for long as well. The bears had started to make pressure on prices and now are trying to push the prices lower towards the level of 1.2647. The momentum is […]

Technical Market Overview: The EUR/USD pair did not move much as the bulls have pushed the price a little bit higher again and now are consolidating the recent gains. Nevertheless, there is a clear bearish divergence between the price and momentum oscillator in overbought market conditions, so traders should expect a sudden spike down. If […]

Technical outlook: We have presented the daily chart view for EURUSD as the single currency pair remains unchanged around 1.1310/15 levels at this moment. It has developed a doji candlestick pattern on the daily chart indicating indecisiveness.Thus, a bearish drop is expected from here. Structurally, we still favor an ending diagonal, possibly into its last […]

The euro showed a moderate correction against the background of overall growth against the dollar. There was no important news that could drastically change the situation. The market is waiting for the Fed meeting in a week, waiting for information about a possible rate cut. EURUSD holds growth. We keep buying from 1.1190 and from […]

The probability of further falling is 70% with the determining resistance of 1/2 WCZ of 1.3336-1.3327. As long as the pair is trading below this zone, the momentum will continue. Yesterday’s move indicates a small support and a zone of limit buy orders. This may provide an opportunity to sell the tool at a better […]

E-Mobility is growing fast with new models with a higher range available. First Cobalt is in discussion with Glencore to get financing for the restart of the First Cobalt refinery in Ontario in Canada to supply the US EV markets, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this video and […]

Markets extend relief rally following US-Mexico deal that averted tariffs on Mexican imports Dollar and stocks edge higher, but gains capped amid doubts about Trump-Xi meeting at G20 Pound slips on GDP contraction; unable to find much support from hawkish BoE comments Risk appetite recovers further after US-Mexico truce The US dollar continued to edge […]