At the two-day FOMC meeting, committee members left the interest rates unchanged at 0% -0.25%, and confirmed the central bank’s readiness to do everything necessary to limit the damage of the COVID-19 pandemic and ensure the recovery of the national economy … Fed Chairman Jerome Powell said that household spending in the US has rebounded […]

Technical analysis: BTC has been trading downwards in the past 10 hours towards the level of $10,900.I see BTC in potential ABC correction with the potential for test of $10,785 and $10,475. Trading recommendation: Watch for selling opportunities on the rallies due to the C leg in creation and potential for the test of $10,475 […]

Goldman Sachs noted that investors do not trust the current financial policies of the US authorities. The falling US dollar is forcing investors to buy gold as actively as possible. The country fears a rise in inflation due to the unprecedented printing of the US dollars and fiscal stimulus from the Federal Reserve in the […]

Technical analysis: Gold has been trading downwards in the past 10 hours towards the level of $1,945. Anyway, I still see potential for the new upside leg due to strong upward trend in the background. Trading recommendation: Watch fro buying opportunities on the dips using the 30 minutes and hourly time-frame. I found the brekaout […]

Technical analysis: Trading recommendation: Watch fro buying opportunities on the dips using the hourly and 4h time-frame for better entry location. The upward target is set at the price of 1,3145 and I dont see any bigger resistance before that level. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:BTC analysis for […]

EUR / USD On July 29, the EUR/USD pair gained about 70 pips and thus, continues to build an assumed wave 3 in 5 in C in B with targets located near the 261.8% Fibonacci level. An unsuccessful attempt to break through this level will indicate unavailability of traders to further purchase the instrument and […]

You can see that USD/CAD has bounced back from 1.3337 static support, downside obstacle, and now is traded at 1.3416 level. The downtrend remains intact as long as USD/CAD is located below the downtrend line, that’s why we could think that the current increase is temporary. We may have an up reversal, larger upside movement […]

Technical outlook: USDJPY is seen to be trading just above 105.00 levels at this point in writing and might be preparing to produce a bullish reversal ahead. The currency pair is probably working upon the bullish boundary between 101.18 and 112.22 respectively. Kindly note that fibonacci 0.618 support of the above rally is seen towards […]

Technical outlook: GBPUSD is trading close to the fibonacci 0.618 extension of the first leg of the rally between 1.1414 and 1.2645 respectively. Immediate price resistance is seen towards 1.3200, while support comes in at 1.2509 respectively. The Cable currency pair is seen to be trading around 1.2995/97 at this point in writing and is […]

Technical outlook: EURUSD raised past resistance defined at 1.1500 and reached up to 1.1806 yesterday. The single currency pair is seen to be trading around 1.1755 levels at this point in writing and is expected to produce a bearish reversal soon. Looking at the wave structure, the rally from 1.0636 seems to be complete around […]

EUR/USD: Buying the euro will be considered from a strong pullback down. Today, a pullback is possible on the news in the United States at 12:30 Universal time. The first report on GDP for the 2nd quarter will be released, on which the entire corona-crisis declined. The forecast is terrifying. A decline in GDP minus […]

EUR/USD has climbed as much as 1.1806 level in yesterday’s session but has failed to stabilize above the 1.1800 psychological level signaling buyer’s exhaustion. The pair has slipped lower and is traded at 1.1736 level, the critical support stands at 1.1698 level. The pair drops as the USDX is trading in the green today, still, […]

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EURUSD is testing the 20-period simple moving average (SMA) on the downside in the 4-hour chart following the bounce off the more than a two-year high of 1.1805. Immediate support is likely to come from the 1.1695 barrier, which overlaps with the flat blue Kijun-sen line, as the technical indicators are endorsing a negative mode. Below that, the 40-period SMA at 1.1660 and the 1.1625 support […]

EUR / USD The pair continues to work in the zone of attraction and influence of the met targets – 1.1695 – 1.1740 – 1.1813 (weekly target for the breakdown of the Ichimoku cloud + the lower border of the monthly cloud). The result of interaction will affect the further development of the movement and […]

A new leap in new Covid-19 cases was observed in the United States, Brazil and India yesterday, after declining steadily in the previous three days. Even worse, the number of deaths has increased, in which for the first time in many days, mortality in the US has exceeded 1,000 per day. EUR / USD: The […]

Overview: The USD/CHF pair continues to move downwards from the level of 0.9216. Yesterday, 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 first support level is seen at 0.9118, the price is moving in […]

Gold is trading lower at $1,953 level after the failure to reach the $1,981.35 all-time high. The price is trading in the red in the short term as the USD tries to recover versus its rivals. As you already know from my analysis, the yellow metal is bullish. So, a minor drop or correction could […]

The Fed concluded its two-day meeting on Wednesday, reaffirming its commitment to keep rates near zero on purchases of Treasury bonds and a range of other securities. Fed Chairman Jerome Powell made it clear that the regulator is ready to do more, and said that the review of the strategy of monetary policy and communications, […]

Fed tight lipped on new forward guidance but reaffirms pledge on easy policy Stocks buoyed but cautious ahead of tech earnings, US GDP and jobs data Dollar falls on Powell remarks, then bounces back; gold slips Fed maintains course, ups pressure on Congress The Federal Reserve left monetary policy unchanged on Wednesday but warned of […]

It is not clear why they gathered yesterday. I can’t remember a more pointless meeting of the Federal open market Committee. While they sat there and chatted, everyone waited and worried. They were nervous and we were worried. All sorts of thoughts are there. And in the end, they came out. They were so beautiful, […]

It is possible that yesterday’s Federal Reserve meeting was the most useless in recent times. The only thing we have heard is that the Fed is ready to take all necessary measures to support the economy. Nothing else. That is, no specifics at all. So it is unclear exactly what measures the US central bank […]

The Australian dollar is still trading in the wake of the US currency, without its own arguments for further growth. To continue the upward trend, the bulls of the AUD/USD pair need not only to break through the level of 0.7200, but also to consolidate within the 72nd figure. Without the dollar’s “help”, it will […]

Good day, dear traders! Yesterday’s Fed decision on rates coincided with market expectations. Let me remind you that at the end of its two-day meeting, the Federal Reserve decided not to change the parameters of its monetary policy and to keep the key rate in the range of 0.00% -0.25%. However, the future prospects of […]

Hello, dear colleagues! Well, let’s start with the main thing. Following the results of the two-day meeting of the US Central Bank that ended yesterday, it was decided not to change the parameters of monetary policy and to keep the main interest rate in the range of 0.00-0.25%. At the same time, the Federal Reserve […]