Currencies and equities in a more cautious mood Tuesday, as China-led euphoria peters out Dollar regains its footing but only mildly, aussie drops after Melbourne goes into full lockdown Risk/reward outlook for ‘risk trades’ seems quite unattractive from here Soaring Chinese stocks lift all boats, but enthusiasm fades Global markets staged a powerful rally to […]

Due to the rising energy demand, Saudi Arabia raised the prices of oil supplied to Asia, the United States and Northern Europe in August. According to reports, Saudi Aramco raised the official selling price of all varieties of oil by $ 1 per barrel to its customers in Asia, while in the US, prices are […]

Due to the rising energy demand, Saudi Arabia raised the prices of oil supplied to Asia, the United States and Northern Europe in August. According to reports, Saudi Aramco raised the official selling price of all varieties of oil by $ 1 per barrel to its customers in Asia, while in the US, prices are […]

Recently, the debate over the possible subsidence of the British currency has not subsided. Experts fear that the pound may collapse under the weight of negative factors, and this collapse will undermine the British economy. According to analysts, the pound has lost its attractiveness to investors at the moment. The situation is not saved even […]

Recently, the debate over the possible subsidence of the British currency has not subsided. Experts fear that the pound may collapse under the weight of negative factors, and this collapse will undermine the British economy. According to analysts, the pound has lost its attractiveness to investors at the moment. The situation is not saved even […]

Today we take a look at CADJPY and see how we are going to play the bounce! We use Fibonacci retracements, extensions, support/resistance, momentum and trend lines to identify trading opportunities in this exciting pair today The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Daily Market Comment – Markets pause to assess […]

Today we take a look at CADJPY and see how we are going to play the bounce! We use Fibonacci retracements, extensions, support/resistance, momentum and trend lines to identify trading opportunities in this exciting pair today The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Daily Market Comment – Markets pause to assess […]

This may sound surprising and even wild, but all macroeconomic data came out significantly better than expected yesterday. It is also interesting that various macroeconomic data were published both in Europe, including Great Britain, and in the United States, where they greatly pleased investors. This really happens extremely rarely, which is probably only on very […]

Trend analysis (Fig. 1). Today, an upward trend is possible from the level of 1.2483 (closing of yesterday’s candle) with the target at 1.2598 – a 61.8% retracement level (blue dashed line). If this level is reached, the upward trend may continue with the target at the resistance level 1.2640 (red bold line). Fig. 1 […]

Crypto Industry News: The Philippines Securities and Exchange Commission has warned the public about individuals and groups involved in unauthorized cryptographic investments and transactions, adding that those involved in cryptographic programs can be fined, 21 years in prison or both, explaining: “A maximum fine of P5 5 million, imprisonment up to 21 years or both […]

EURJPY has been showing full compliance to the supportive ascending trendline since the rebound near the 200-day simple moving average (SMA), with the price rising as high as 121.95 on Monday. While there is still some way to go towards June’s peak of 124.42, the momentum indicators suggest that the bulls may not give up […]

EURJPY has been showing full compliance to the supportive ascending trendline since the rebound near the 200-day simple moving average (SMA), with the price rising as high as 121.95 on Monday. While there is still some way to go towards June’s peak of 124.42, the momentum indicators suggest that the bulls may not give up […]

WTI crude oil futures are in a positive movement since June 25, however, the RSI indicator points lower. Currently, the market is heading beneath the mid-level of the Bollinger band and the MACD oscillator slipped under its trigger line in the 4-hour chart. A continuation of the negative move could see immediate support come from the lower Bollinger band which […]

GBPUSD’s lack of momentum has frozen the pair around the mid-Bollinger band and above the 1.2462 mark, that being the 50.0% Fibonacci retracement of the down leg from 1.3514 to 1.1410. Despite the recent improvement from the lower Bollinger band, the short-term oscillators reflect a state of evaporated directional momentum. The MACD and its red […]

Crypto Industry News: Data from the second quarter of 2020, show a huge increase in the number of decentralized applications in all ecosystems, especially those managed by DeFi Ethereum. Decentralized exchanges were in the first line of growth when token mining activities flowed into chain exchange solutions. According to the data, Curve was one of […]

Technical Market Outlook: The GBP/USD pair has been hovering around the level of 1.2484 which is a local support for the price. The bulls might want to test the 50% Fibonacci retracement once again, so in the case of a successful breakout, the next target for them is 61% retracement located at the level of […]

Technical Market Outlook: The EUR/USD pair has hit the level of 1.1347 which is the part of the supply zone located between the levels of 1.1347 – 1.1361. The market has made a Bearish Engulfing candlestick pattern at the top of the move and pulled-back towards the local technical support located at the level of […]

Trend analysis (Fig. 1). Today, an upward trend is possible from the level of 1.1289 (closing of yesterday’s candle), with the target at the resistance line 1.1333 (white bold line). From this level, the price may begin to move downward with the target of 1.1277 – a 38.2% pullback level (blue dashed line). Fig. 1 […]

Recently, Bullish breakout above 1.2265 has enhanced many bullish movements up to the price levels of 1.2520-1.2590 where temporary bearish rejection as well as a sideway consolidation range were established (In the period between March 27- May 12). Shortly after, transient bearish breakout below 1.2265 (Consolidation Range Lower Limit) was demonstrated in the period between […]

Surprisingly, in fact, all the macroeconomic data released yesterday turned out to be noticeably better than forecasts. Investors perceived European data as more significant than the US ones, which led to a noticeable strengthening of the single currency. US data could only bring a little variety into what is happening. But the only thing that […]

EUR/USD Analysis: In the European currency market, an upward wave of the daily scale has been forming since March. The last unfinished section started on June 5. This is a flat correction. The wave structure is not complete today. The price is at the lower border of the strong potential reversal zone. Forecast: Today, the […]

The PMI in the services sector (which, by the way, is 88% of the entire US economy) rose to 57.1% in June, significantly exceeding forecasts. New orders also increased by 61.6%, while business activity by 66%, and all this is happening against the background of an ongoing reduction in continuing staff cuts, employment by 43.5%. […]

To open long positions on GBP/USD, you need: From a technical point of view, only the resistance level of 1.2516 has changed since yesterday, which is the upper limit of the base that buyers of the pound have formed to continue the bullish momentum. It was not possible to wait for signals to enter the […]

The dollar index shows conflicting dynamics, reacting to varied fundamental background. On the one hand, the coronavirus factor exerts pressure on the greenback – an increase in the number of infections in the United States has prompted several states to stop lifting restrictions and change the terms of easing. On the other hand, US President […]

After a nice run to the 61.8% resistance target at 0.9183 we saw that EUR/GBP corrected a bit stronger than we had expected. However, EUR/GBP met strong trendline support near 0.9000, which is expected to protect the downside from renewed upside pressure through minor resistance at 0.9079 and more importantly through resistance at 0.9109 that […]