June’s employment report for Australia is likely to catch investors’ eyes on Thursday 0030 GMT as the nation’s economy tumbled into a recession in the first half of the year. However, Australia avoided the high Covid-19 cases of other countries, recording less than 10,000 in total or about a sixth of the daily cases seen in […]

The Chainlink cryptocurrency surged to $8.5 for the first time. According to CoinMarketCap, one of the largest cryptocurrencies rose in price by 24% per day. Moreover, in general, Chainlink has increased by 375%. Last week, Santiment noted that LINK continued to hit new records in the number of daily active addresses. As analyst Josh Rager […]

Technical analysis: Trading recommendation: The material has been provided by InstaForex Company – www.instaforex.com Related Posts:BTC analysis for Jully 14,.2020 – Breakout of the… July 14, 2020 Technical analysis: Trading recommendation: I found the breakout of the…GBP/USD: plan for the American session on July 14 July 14, 2020 To open long positions on GBPUSD, you […]

It is difficult to overestimate the role of OPEC+ in saving the oil market. Thanks to a large-scale reduction in production by 9.7 million b/d, 23 countries, including Saudi Arabia and Russia, managed to double the price of black gold in April-July. It’s time to collect the stones. The transition to the second stage of […]

The price of crude oil continues to decline on Monday. The unyielding COVID-19 situation remains the leading factor for the recession. This provoked immediate reimposition of restrictive quarantine measures on the territory of individual states. The number of newly detected cases of COVID-19 infection in the world is growing rapidly, and these statistics can no […]

According to French Finance Minister Bruno Le Maire, the government has prepared a youth employment support plan and an incentive plan that outlines tax cuts for companies in August. This week, the EU leaders will meet to discuss the seven-year budget of the eurozone, as well as the creation of an incentive fund worth €750 […]

Technical analysis: Trading recommendation: I found the breakout of the symmetrical triangle on the daily time-frame, which is very good sign for further downside movment. Watch for selling opportunities with the targets at $8,150 and $7,450. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:EUR/USD analysis for July 14 2020 – Strong… […]

To open long positions on GBPUSD, you need: In the first half of the day, I drew attention to an important report on UK GDP growth, which did not reach the pace of recovery expected by economists. This led to a rapid decline in GBP/USD to the support area of 1.2511, without forming a good […]

Technical analysis: Trading recommendation: Watch for potential selling opportunities on the rallies due to breakout of the support at $1,795. The third downward target is set at the price of $1,780. Resistance levels are set at the price of $1,795 The material has been provided by InstaForex Company – www.instaforex.com Related Posts:EUR/USD analysis for July […]

The US budget deficit has exceeded $864 billion. According to the Washington Post, the indicator reached the record high. A large amount of money was used to combat the coronavirus pandemic. Thus, the US budget expenditures exceeded $1.1 trillion at the beginning of summer, and only $240 billion returned to the treasury. If we compare […]

EUR/USD: The single European currency increases before the meeting of the ECB on Thursday. As a result, breaking through up the level of 1.1370 as well as a strong movement at the level of 1.1500 and above are expected. We keep buying from the level of 1.1338 and then stop at 1.1290. After that, we […]

The greenback is getting more expensive in relation to most of its main competitors amid growing tension between the USA and China, as well as an increase in the number of COVID-19 cases in the world. The United States has officially declared illegal claims of China on offshore resources of most of the South China […]

Speculative activity arose at yesterday’s trading, during which the quote managed to move closer to the high reached on July 9 (1.1370), locally breaking through it with the shadows of 1.1370 -> 1.1374. The pattern of the technical analysis, or rather its psychological part, played a major role in the movement, at which long positions […]

USD/CAD has finally managed to breakout above the major downtrend line signaling that we may have a bullish reversal. The currency pair could jump higher if the US Dollar Index will be lifted by the US CPI and Core CPI data today. The pair has signaled a potential reversal after making a false breakdown with […]

AUDUSD has so far made a triple top at 0.70 area and has now pulled back towards 0.6920. Price has bounced all three times from 0.6920 as it does today. Upside potential for the short-term is at 0.7085-0.71 if we break above 0.70. If support at 0.6920 fails to hold and the trading range is […]

AUDUSD has so far made a triple top at 0.70 area and has now pulled back towards 0.6920. Price has bounced all three times from 0.6920 as it does today. Upside potential for the short-term is at 0.7085-0.71 if we break above 0.70. If support at 0.6920 fails to hold and the trading range is […]

Gold price has broken below key short-term Ichimoku cloud indicators. More specifically price has broken below the tenkan-sen and kijun-sen indicators providing a weak sell signal. Usually after such a break down in the 4 hour chart we usually see price move towards the Kumo support. Gold price has now resistance at $1,805 and bulls […]

The pound was depressed again: British macroeconomic reports published today reminded traders once again of the consequences of the coronavirus crisis. On the one hand, traders did not expect anything interesting from the May figures: in May, Great Britain began to just quit quarantine. Therefore, forecast estimates were very “lenient.” On the other hand, traders […]

The pound was depressed again: British macroeconomic reports published today reminded traders once again of the consequences of the coronavirus crisis. On the one hand, traders did not expect anything interesting from the May figures: in May, Great Britain began to just quit quarantine. Therefore, forecast estimates were very “lenient.” On the other hand, traders […]

The Bank of Canada (BoC) will wrap up its policy meeting at 14:00 GMT Wednesday, and while no action is expected, the accompanying statement could still be crucial. Even though the Canadian economy is healing, the resurgence of infections in the US is scary given Canada’s exposure to America, and might lead policymakers to strengthen […]

EUR/USD is pressuring the 1.1348 and the sliding line (SL), a valid breakout will confirm a further upside movement. The pair is trading in the green as the USDX stays lower, it remains to see how the price will react after the United States inflation data will be published in the US session. I believe […]

While traders and economists are wondering how the euro can respond to the EU summit and the decisions to be taken on the economic recovery fund, the US Department of the Treasury has released another report on the increasing government debt and budget deficit in the United States. Oddly enough, the euro slightly rose at […]

The second wave of the coronavirus continues to escalate. According to the latest data, the number of incidence in the United States has reached 65 thousand per day, but deaths, fortunately, are less than 500. In Brazil, there seems to be a decline, but in India, the number of cases continues to grow. This suggests […]

US banks will kick off the earnings season for the second quarter this week in the pre-market session. JPMorgan Chase & Co, Citigroup, and Wells Fargo are reporting financial results on Tuesday, while on Wednesday, Goldman Sachs is announcing its own numbers before Bank of America and Morgan Stanley take the baton on Thursday. The data are arriving at […]

Nasdaq falters as more US states roll back reopenings amid record new infections Sino-US tensions also upset stocks, but dollar and gold hold steady Markets braced for busy week as earnings, data and central bank meetings coming up Tech stocks in rare selloff Shares on Wall Street slipped late into the session on Monday as […]