EUR/USD – 1H. Hello, traders! On August 10, the EUR/USD pair continued the process of falling and eventually closed under the upward trend line, which for a long time defined the mood of traders as “bullish”. However, at this time, the hourly chart indicates a “bearish” mood. There were few special reasons for the growth […]

EUR / USD At the moment, we are seeing the development of a daily downward correction. Attraction and support are provided by the levels of the fulfilled weekly goal for the breakdown of the cloud (1.1695 – 1.1813) and the lower border of the monthly Ichimoku cloud (1.1740). The next important reference point for the […]

S&P 500 cruises towards all-time high as Trump floats capital gains tax cut Markets also take heart from ‘soft’ Chinese retaliation against US Gold pulls back as dollar and bond yields recover RBNZ meets overnight, might ‘talk down’ the kiwi more forcefully Wall Street sets its sights on new records Financial markets seem to have […]

A slowdown in new infections has been observed once again in the United States, Brazil and India. The drop in Brazil is especially gratifying, as the number of new cases a day in the country has now fallen to about 22 thousand. Meanwhile, India is still at the center of the pandemic, and as the […]

Forecast for August 11: Analytical overview of currency pairs on the H1 scale: The key levels for the euro / dollar pair on the H1 scale are: 1.1915, 1.1853, 1.1800, 1.1768, 1.1733, 1.1693, 1.1629, 1.1588 and 1.1526. Here, the price is forming a potential for the downward movement from August 6th. A short-term downward movement […]

Before the release of data on inflation, retail sales and industrial production in the US, markets are trading in a range with a slight overweight of bullish sentiment. A number of Trump’s Executive orders to introduce additional stimulus measures are assessed with cautious optimism, in any case, stock indices have resumed growth, demand for bonds […]

Surprisingly, despite the fairly good data from the United States, the pound practically stood still yesterday. Of course, there were some fluctuations from side to side, but not strong. And it’s all about the next wonders of British data. No data from the UK yesterday, but this was not required. Let’s just say that at […]

Latest data shows that deflation in China eased in July, fueled by rising global energy prices and industrial activity returning to pre-coronavirus levels. In addition, exports, which have always been developed in China, have not declined even amid the pandemic. Market participants say that this bodes well for a global economic recovery. “China is so […]

The situation in the currency market fully reflects the overall picture in the financial markets. The recent economic data from the US, Asia and Europe inspires optimism in investors that economic recovery will be more strong in the second half of the year. On Monday, data on consumer inflation in China was released, which showed […]

GBPUSD started the week with weak momentum, holding slightly above the supportive red Tenkan-sen line and the 1.3060 level. Previously, the pair had jumped out of an ascending channel, raising speculation that the bulls may have further room to run. But a long-term descending trendline stretched from the 2015 peaks managed to halt the price around 1.3170, […]

EURJPY has been underperforming in the past two days, testing the red Tenkan-sen line. When looking at the bigger picture the pair has been in a clear bullish tendency since May 6. On the daily chart, prices bounced off the 16-month high of 125.60 but based on the technical indicators, momentum is weakening for a […]

The EUR/USD currency pair followed the trail of the pound sterling changing the direction of trend lines 1, 2 and 3 with upward inclination to the horizontal, 4,5 and 6. This change calls into question the long-running channel up where it is possible to dramatically change direction from upward to downward in case of breaking […]

July was the most profitable month for gold. The precious metal grew by 11% in a month. Since the beginning of August, gold has already surged 3.5%. Silver is not far behind. Although it costs less than gold, silver comes first in terms of profitability. Since the beginning of this year, silver has risen by […]

The waters off the Chinese coast are hotly contested and a constant source of tension as nations scramble to assert dominance. This is not likely to prompt any major concerns, but just indicative of constant tensions in the water. Further Development Analyzing the current trading chart, I found that Gold got potential for another downside […]

One for the fact box. Gold etf’s so popular they now surpass Germany’s official reserve levels. EUR managed to continue with downside momentum and its probably going towards the swing lows at 1,1705 and 1,1685. The level at 1,1700 seems like solid support to watch and potential levels for buyers to come in. Further Development […]

US President Donald Trump recently signed a couple of bans to Chinese tech companies such as TikTok and WeChat, the reason for which is that these companies pose threat to privacy. Trump’s actions against China affected both the stock market and commodities, causing a drop even with oil and gold, and consequently, a rise in […]

Crypto Industry News: Researchers at the Technical University of Munich urge regulators to look beyond Bitcoin when it comes to considering the environmental impact of cryptocurrency mining. According to an August 4 issue of the scientific journal Joule, researchers Ulrich Gallersdorfer, Lena Klaasen and Christian Stoll found that Bitcoin mining accounted for only 66% of […]

Experts at investment bank Goldman Sachs warned of serious fluctuations in financial markets, which could potentially provoke both the emergence of the coronavirus vaccine and the failure of its trials. In the first case, GS analysts note, the S&P 500 index is capable of rising to 3700, and in the second, it can fall to […]

The price of gold this moved to a negative correction Friday morning due to the unexpected strengthening of the greenback. However, the precious metal still has the opportunity to be noted for the longest and most rapid rise, which has only been over the past ten years. The reason for the excitement around the metal […]

Sometimes, it happens that the market is moving in the direction opposite to expectations. This is exactly what is going on now. The S&P 500 had been on track to historic highs before the publication of the ADP National Employment Report. The ADP payroll processor released downbeat data on the private sector employment. It seemed […]

The US dollar has long been a dominant reserve currency and a symbol of reliability and economic prosperity. However, this is already in the past. The era of the US dollar is over. Due to the coronavirus pandemic, household incomes have plummeted and the US national debt has risen. Moreover, now China claims to be […]

UK finance minister Sunak: Furlough program is not sustainable in the long run It is one of the most difficult decisions We still have the support in place but it is not fair to extend it indefinitely We should be helping people prepare for new opportunities As mentioned before, the furlough program is masking a […]

Gold is trading at $2,060 level after making another top and after the upside breakout from the ascending channel, above the upside line. I’ve said in a previous analysis that the gold price is expected to increase further, to jump higher, and I’ve talked about the $2,000 psychological level and by the upside line as […]

Investors have completely turned their attention to the outgoing data on the US economy, which in its dynamic fully exerts its influence not only on the currency market, but also on the world markets in general. This attention is due to the fact that the American financial market, despite all the problems in the country’s […]

The macroeconomic statistics both in the UK and in the United States did not match the forecasts in any way, and oddly enough, this strengthened the pound. Which should have happened if all the expectations were confirmed. This happened only due to a single indicator. But about everything in order. A kind of arbiter in […]