Tomorrow, the August meeting of the Reserve Bank of New Zealand will be held, which will determine the fate of the Central Bank’s monetary policy. However, according to most experts, the RBNZ will not present any surprises – the meeting will be “passing”, without any sensations. However, NZD/USD traders are unlikely to ignore tomorrow’s event. […]

EUR / USD On August 10, the EUR/USD pair lost about 50 pips and thus, it continued to build the assumed first wave as part of a new downward trend section. If this assumption is correct (and the wave structure of the ascending part of the trend looks fully completed), then the decline in quotes […]

Good afternoon traders! A trading idea for the EUR / USD pair. Today, the EUR / USD pair pulled back below the round level of 1.18, breaking through yesterday’s high. To decrease the price of the pair, following the scheme presented below: The market is currently trading in the area of Friday’s volumes. Because of […]

Further Development Analyzing the current trading chart, I found that the BTC is in contraction and sideways mode between the resistance at $12,050 and support at the price of $11,580. I would watch for the breakout of support or resistance to confirm further direction. The upside breakout of resistance at $12,050 can lead us to […]

Putin says that his daughter has been vaccinated from the coronavirus Says that Russian health ministry has approved coronavirus vaccine developed by Moscow’s Gamaleya Institute Says hopes Russia will start mass production of coronavirus vaccine Take what you will and believe what you want from the headlines above, but this may lay the groundwork for […]

The GBP / USD pair once again consolidated in the area of the psychological level of 1.3000, where the quote immediately formed a pullback, after which it completely got stuck on the levels 1.3060 / 1.3100. The movement of the pound had many ticks that intersect in time frames and analysis. The foundation of the […]

Prior 100.6 Small business optimism fell last month amid the spike in virus cases across the country, as that tempered with hopes for a quicker economic recovery, according to NFIB. The details highlight five of the ten sub-indexes in the survey fell, with the uncertainty index rising from 81 in June to 88 in July. […]

EUR/USD has decreased a little after the impressive growth, now is moving somehow sideways, but the outlook is still bullish, the uptrend is still intact, so the pair could resume its upwards movement. The upside could continue as long as EUR/USD is traded, located, above the uptrend line. Only a drop below the uptrend line […]

Crude oil manages to rise again this morning, mainly due to the partial recovery of demand for oil. The head of Saudi Aramco issued a statement saying that demand in some markets have become stable, which could not but please investors. In addition, market participants continue to focus on the creation of new stimulus measures […]

GBP/USD is trading in range in the short term and maintains a bullish outlook after the failure to make another lower low. Technically, the quote is still present in the buyer’s territory, so we could search for long opportunities. The currency pair has decreased a little only because the USDX has managed to rebound, but […]

The last month of summer turned out to be hot for the main cryptocurrency: it broke another record, soaring by 220% in the current five months. Experts fear that price swings of an incredible scale can lead to an imbalance of the BTC/USD pair. The price expansion of the leading cryptocurrency is striking: it almost […]

EUR/USD: The pullback seems to be almost completed. We are ready to buy from the level of 1.1805. In case of a downward reversal, we can consider selling from the level of 1.1720. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Comprehensive analysis of movement options for Gold… August 11, 2020 Minute […]

Minute operational scale (H4) Is the dollar winning the battle with metals? Review of options for the movement of Gold & Silver since August 11, 2020. ____________________ Spot Gold The development of the Spot Gold movement from August 11, 2020 will depend on the development and direction of the breakdown of the boundaries of the […]

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XAU/USD is trading at $1,986 level and it seems very heavy in the short term. It has dropped like a rock in the last hours violating strong downside obstacles. The gold price is into a corrective phase right now, the current retreat was somehow expected after the impressive rally. The USD’s temporary rebound has brought […]

The EUR/USD currency pair, on the wave of the downward movement from last Friday, managed to return to the already familiar from history level of 1.1720, where a slowdown occurred on a natural basis and, as a result, a pullback in the opposite direction. The inertial movement of the price has been worrying traders for […]

The EUR/USD currency pair, on the wave of the downward movement from last Friday, managed to return to the already familiar from history level of 1.1720, where a slowdown occurred on a natural basis and, as a result, a pullback in the opposite direction. The inertial movement of the price has been worrying traders for […]

USDCAD has pushed under the flat blue Kijun-sen line at 1.3313. An improvement from the 5½-month low of 1.3232 was capped by the Ichimoku cloud, which had merged with the falling 100-period simple moving average (SMA). This resulted in realignment with the bigger negative bearing, something also backed by the falling SMAs and the short-term […]

WTI crude oil futures are moving higher, surpassing the 20- and 40-period simple moving averages (SMAs) in the 4-hour chart and the Ichimoku cloud. The RSI indicator is edging higher above the 50 level, while the MACD oscillator jumped above its trigger line, suggesting more gains in the short-term. An upside movement could reach immediate […]

We are pleased to announce the winners of the XM Motorcycle Promotion, which we offered to our clients in Pakistan between 1-31 July 2020. Apart from a 30% trading bonus, all promotion attendees also had the chance to enter a lucky draw, where we raffled off 15 prizes worth a total of 1,300,000 PKR among […]

Good day, dear colleagues! In the absence of significant macroeconomic statistics, yesterday’s EUR/USD trading was influenced by events from the US. As it became known, US President Donald Trump signed a number of decrees without the approval of the country’s congress. This became possible after the White House administration and congressional Democrats could not agree […]

Hello, dear traders! In contrast to the euro/dollar, the GBP/USD currency pair showed strengthening in yesterday’s trading. However, it was rather restrained, as market participants expected today’s publication of labor statistics from the UK. And now, recently, it became known that the unemployment rate in the UK remained at the June value of 3.9%, although […]

EUR/USD Analysis: The upward wave from March 20 sets the main trend direction of the European currency. The price has reached a wide area of potential large-scale reversal. Along its lower border, the price has formed a flat correction in the last 2 weeks. Forecast: Today, we expect the end of the downward mood of […]

On a good note, it doesn’t matter at all how the data on open vacancies in the United States came out yesterday. They would still be regarded as extremely positive which is what actually happened. So the single European currency lost in value which is quite predictable. But with the pound, everything is much more […]

GBP/USD – 1H. Hello, traders! On the hourly chart, the quotes of the GBP/USD pair performed a reversal in favor of the English currency and began a new growth process. I also managed to build a new upward trend line that is not overly strong, however, it shows that traders are once again starting to […]