Today, the stock markets of the Asia-Pacific region have not registered any significant changes. The markets failed to take one side or the other showing almost no dynamics. Japan’s Nikkei 225 index fell by 0.64%. At the same time, the level of consumer spending in the country significantly decreased in the last month of spring. […]

The cost of crude oil this morning moved to a negative trend. The main reason for the decline lies in the extreme concern of investors regarding the introduction of new restrictive quarantine measures related to coronavirus infection. New cases of infection are noted not only in the United States and Latin America but also throughout […]

EURUSD: In the morning, the EUR/USD bulls were depressed due to the strong fall of the euro which has canceled the growth that was happening several times in June. However, by 13:00 UTC, the picture has changed radically. Now the growth resumes with the initial target at 1.1340 and upon breaking through this level, it […]

USDCNH plummeted to a fresh four-month low of 6.9947 earlier today after the strong bearish rally on Monday. The market is in the process to cover some of the losses, approaching the 50.0% Fibonacci retracement level of the up leg from 6.8433 to 7.1944 at 7.0201 again. The momentum indicators are contradicting each other as […]

Despite the threat of the second wave of coronavirus, gold remains stable. Commodities analyst Jigar Trivedi believes that gold will be strong despite the contentious relationship between the US and China. Moreover, the American economy is reviving. That is why there is no reason to worry about the prospects of gold. Today, gold is trading […]

After falling on Monday, the US dollar is stable against most major currencies. Melbourne was plunged into quarantine again as virus infections are rising in the city. In this regard, the Australian dollar fell from a monthly high. Investors hope to avoid large-scale closures. They are paying close attention to the number of new COVID-19 […]

To open long positions on GBPUSD, you need: In the first half of the day, the bears tried to put pressure on the British pound, however, they failed to even get to the support of 1.2448, after which the bulls quickly rehabilitated. Now the task of buyers of the pound is to keep the pair […]

To open long positions on GBPUSD, you need: In the first half of the day, the bears tried to put pressure on the British pound, however, they failed to even get to the support of 1.2448, after which the bulls quickly rehabilitated. Now the task of buyers of the pound is to keep the pair […]

Technical analysis: Trading recommendation: Watch for potential downside opportunities due to potential rejection of the resistance and the descending triangle in creation. To confirm the bigger drop on the BTC i would like to see breakout of the support at $8,900 The material has been provided by InstaForex Company – www.instaforex.com Related Posts:GBP/USD: plan for […]

Technical analysis: Trading recommendation: Watch for potential downside opportunities due to potential rejection of the resistance and the descending triangle in creation. To confirm the bigger drop on the BTC i would like to see breakout of the support at $8,900 The material has been provided by InstaForex Company – www.instaforex.com Related Posts:GBP/USD: plan for […]

Technical analysis: Trading recommendation: Watch for potential downside opportunities due to breakout of the rising wedge in the background. Downward targets are set at the price of $1,757 and $1,750 The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Gold about to hit $1,800 per ounce July 7, 2020 Despite the threat of […]

Technical analysis: Trading recommendation: Watch for potential downside opportunities due to breakout of the rising wedge in the background. Downward targets are set at the price of $1,757 and $1,750 The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Gold about to hit $1,800 per ounce July 7, 2020 Despite the threat of […]

To open long positions on EURUSD, you need: Pressure on the euro increased in the first half of the day after the growth rate of industrial production in Germany disappointed traders, and the European Commission revised down the pace of contraction of the Eurozone economies. If you look at the 5-minute chart and read my […]

To open long positions on EURUSD, you need: Pressure on the euro increased in the first half of the day after the growth rate of industrial production in Germany disappointed traders, and the European Commission revised down the pace of contraction of the Eurozone economies. If you look at the 5-minute chart and read my […]

Technical analysis: EUR/USD has been trading downwards as I expected. The EUR reached my yesterday’s first target at 1,1260 and is heading for the second target at 1,1170. Trading recommendation: Watch for potential downside continuation and the breakout of the rising wedge on the 4H time-frame, which would confirm the further downside movement towards my […]

The fate of the black gold market does not depend on Saudi Arabia, which, under the influence of rising global demand, raises its oil prices; and not from Russia, whose Urals grade is trading at a premium of $ 2.4 per barrel to Brent, although in April it was a discount of $ 4.5; but […]

EURCHF appears to be crawling sideways in the latest sessions, after the plunge from the 1.0914 high reversed ahead of the horizontal 100-day simple moving average (SMA), currently at 1.0606. The MACD and the RSI are not signalling any strong directional moves as they both hover slightly below their neutral marks. Additionally, the mostly flattened […]

USDCAD rebounded on the significant 23.6% Fibonacci retracement level of the down leg from 1.4170 to 1.3315 at 1.3518, trying to erase some losses in the very short-term. The upside tendency in the technical indicators are giving some optimism for fresh gains. The stochastic is moving towards the overbought territory, while the RSI is touching […]

From the point of view of complex analysis, we can see the rise in speculative activity, which brought the quotes to the level of 1.1350. Trading yesterday was full of speculation, which arose during the Asian session without the support of latest news and information background. Presumably, the activity was caused by a sharp decline […]

The Australian dollar, paired with the US currency, made an attempt again to storm the 70th figure during the Asian session on Tuesday, but expectedly retreated from its positions. The results of the July meeting of the RBA could not inspire the buyers of AUD/USD, while news about the outbreak of coronavirus in the Australian […]

Overview: The GBP/USD pair broke resistance which turned to strong support at the level of 1.2383 last week. The level of 1.2383 coincides with 23.6% of Fibonacci, which is expected to act as major support today. Since the trend is above the 23.6% Fibonacci level, it means the market is still in a uptrend. From […]

GBP/USD has failed to make another higher and to confirm further growth, that’s why the pair is under pressure now, this situation could bring us a short opportunity. The USDX’s today’s rebound has strengthened the dollar, which it has appreciated versus the major currencies. The ISM Non-Manufacturing PMI amazing increase to 57.1 points could attract […]

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USD/CAD failure to reach the near-term downside obstacles has signaled another upside momentum. The USDX’s rebound has boosted the greenback, which is regaining ground versus its rivals. As you already know, the US ISM Non-Manufacturing PMI was reported at 57.1 points, better versus the 50.0 estimates, the expansion has saved the USD from downside in […]

The second wave of the coronavirus is in full swing. Fortunately, the lethality of the virus has decreased significantly, which is especially noticeable on the recent data in the United States. According to the latest statistics, the number of daily incidence in the US has risen to more than 50 thousand. However, the number of […]