The British pound registered sizeable gains in July, soaring by 6.4% against the US dollar as the world was facing its first spike in infection cases since re-opening plans took effect across the globe. Its sudden impressive performance made markets wonder whether they should adopt a sell-the-rally approach or a buy-the-dip mentality in the year […]

The massive sell-off of the US dollar continues and on Wednesday its decline strengthened. The dollar index dropped to last week’s 2-year low at 92.53 and went lower at the moment. During the day, it lost 0.5% of its value. Judging by the latest movements, the dollar index continues to maintain a medium-term downward trend. […]

The massive sell-off of the US dollar continues and on Wednesday its decline strengthened. The dollar index dropped to last week’s 2-year low at 92.53 and went lower at the moment. During the day, it lost 0.5% of its value. Judging by the latest movements, the dollar index continues to maintain a medium-term downward trend. […]

EURUSD: The ADP report stated only 167,000 new jobs in the US for the month of July missing out big time to the preliminary expectation. This is a confirmation that the US economic recovery has slowed down sharply. Meanwhile, the euro, on the other hand, continues to rise achieving new highs. You may consider purchasing […]

The pound sterling is rapidly moving to its new high level, which corresponds to the maximum value over the past five months. The greenback, on the other hand, weakens against the pound on the news that the US government is still unable to come to a consensus on the next package of stimulus measures designed […]

Good afternoon, dear colleagues! The previous article was written two weeks ago. It is really good news that Bitcoin is gaining in value. It means that hype is gaining momentum. In this article, we will take a close look at the reasons of the Bitcoin’s rise and find out the main signal of the future […]

GBPJPY looks to have consolidated somewhat after plotting a near two-month high of 139.19, although managing to maintain a positive tone. This view is also endorsed by the rising simple moving averages (SMAs) and the positive bearing of the Ichimoku lines. The short-term oscillators further suggest that positive momentum is strengthening and promote additional improvements […]

The Canadian economy is expected to have added more jobs in July as the phased easing of the lockdown across the country continues to boost employment. The jobs report, due on Friday at 12:30 GMT, could give the Canadian dollar a further helping hand in erasing its year-to-date losses versus the tumbling greenback. But with […]

The failure of the dollar smile theory opens up truly limitless prospects for gold. Investors used to believe that in times of recessions, the US currency behaves according to a template: first it grows due to the flight of investors to safe haven assets, then it falls against the background of a huge monetary stimulus […]

This morning, the oil price was falling into a downward correction. The American Petroleum Institute report, which indicated that crude oil inventories in the United States dropped significantly last week, did not spark interest in market participants. This decline cannot guarantee the balance between supply and demand in the oil market. Investors fear that demand […]

There was an increase in the main indicators in the US stocks on Wednesday, and in general, the trading session was very volatile. The Nasdaq Composite Index led the growth which once again renewed its maximum value. Statistical reports of companies for the work carried out in the second quarter of this year and for […]

The US employment report will hit the markets at 12:30 GMT Friday, and forecasts suggest the American economy added another 1.6 million jobs in July. Why is the consensus so optimistic even though the US recovery is losing steam? The answer lies with the period which the data were collected in. Overall, the risks seem […]

The gold price never ceases to amaze: it again hit a record. Gold has reached a historic high above $2,000 per troy ounce. After the recent downturn, gold has rushed forward again amid the approval process of the next fiscal stimulus package by the US Congress. It is about another trillion dollars that the US […]

As I discussed in the previous review, the BTC is very close for the upside breakout of the ascending triangle pattern in the background. There is potential for test of $12,150 Further Development Analyzing the current trading chart, I found that we got test of the major resistnace at $11,450 and that the upside breakout […]

Oil prices continue to rise and fall. September’s oil futures rose by 0.02% to trade at $41.69 per barrel. October’s futures for Brent crude rose by 0.09% to trade at $44.47 per barrel. The difference in price between contracts for Brent oil and WTI oil is $2.78 per barrel. The US Dollar Index, which measures […]

“Eurozone service sector business activity rebounded in July to grow at a rate not exceeded for over two years. France and Germany enjoyed especially strong gains though renewed growth was also recorded in Spain and Italy as COVID-19 containment measures continued to be relaxed. “Combined with a surge in manufacturing production, the renewed expansion of […]

Prior +17.8%; revised to +20.3% Retail sales +1.3% vs -0.2% y/y expected Prior -5.1%; revised to -3.1% Retail sales activity continues to pick up after bottoming out in April, with textiles, clothing and footwear contributing to the big beat once again. This could still be largely due to pent-up demand but regardless, is a lagging […]

Overview: The support level of 0.9216 became the major ressistance at the same level. The USD/CHF pair continues to move downwards from the level of 0.9216. The pair dropped from the level of 0.9216 to the bottom around 0.9118. But the pair has rebounded from the bottom of 0.9118 to close at 0.9147. Today, the […]

The GBP / USD pair, moving along the trajectory of a pullback from the high of 1.3169, found a foothold at the level of 1.3000, where a slowdown occurred, after which the quote rebounded in price. The strong upward movement led to a change in price from 1.2150 // 1.2350 // 1.2620 to 1.2770 // […]

USD/JPY has increased a little from around 104.70 level, maybe the rebound was normal after the accelerated drop. The currency pair is still traded below two downtrend lines, so the outlook is still bearish, USD/JPY could drop further. Price could reach, touch, and retest the minor back downtrend line and the 106.00 psychological level before […]

EURUSD: An important report on the labor market will be released today at 12:15 Universal time. This may cause the dollar to decline once again, if the trend of slowing down the US labor market is confirmed. In recent weeks, unemployment has begun to stabilize at around 10.5% – a very bad option for the […]

Risk Warning: 75.55% 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 […]

The situation in the United States seems to be improving. The country recorded 54 thousand new infections yesterday, well below its highest figure which is 75 thousand. Unfortunately, mortality is still above 1,300, the same record of deaths as in Brazil. Meanwhile, India lists 51 thousand new cases, and is most likely in the peak […]

EUR / USD On August 4, the EUR/USD pair gained about 40 pips and supposedly completed the construction of wave 4 in 5 in C to B, judging by the subsequent retreat of quotes from the reached minimums. If this is true, then the increase in quotes resumed within the wave 5 in 5 in […]

EUR/USD has managed to close above the 1.18 level suggesting that the bulls are more and more confident. The price is traded at 1.1842 level, the next goal is at the 1.1909 former high. You should be careful today because the eurozone and the US economic figures could bring more volatility in the upcoming hours. […]