On March 20, the EURUSD pair has expressed remarkable bullish recovery around the newly-established bottom around 1.0650. Shortly after, a sideway consolidation range was established in the price range extending between 1.0770 – 1.1000. On May 14, evident signs of Bullish rejection as well as a recent ascending bottom have been manifested around the price […]
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July 3, 2020 : GBP/USD Intraday technical analysis and trade recommendations.
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 […]
This morning, the greenback was in a narrow corridor, which is facing multidirectional pressure. So, on the one hand, total sales have become less due to the weekend in the United States for tomorrow’s holiday. On the other hand, the number of people infected with coronavirus infection continues to grow rapidly. And finally, the positive […]
At first glance, the reaction of loonie to the published data seems illogical. After all, the April figures reflected a record decline in the Canadian economy in the entire history of observations. Canada’s GDP fell in April by 11.6%, while in March a decrease of 7.5% was recorded (the indicator was revised downward from -7.2%). […]
US stock markets showed good growth towards the close of trading yesterday. The reason for the positive was statistics regarding the employment market in the country. It came out much better than what the experts expected in their preliminary forecasts. Yesterday, one day earlier, statistics released by the US Department of Labor came out due […]
The price of crude oil turned to negative dynamics this morning, which is primarily due to the level of demand for black gold, which could suffer significantly due to the increase in the number of people infected with coronavirus infection in the United States and the world as a whole. The pandemic is increasing its […]
Brexit weighs on pound sterling
All countries are suffering the COVID-19 consequences. Despite the fact that it is a global problem, the pandemic is considered to be a temporary phenomenon. In the UK, the lockdown caused a 20% drop in GDP, but this did not greatly affect the British currency. As new cases of coronavirus are rising again, traders are […]
The coronavirus pandemic has severely damaged the global economy. Oil demand has fallen significantly due to the global isolation. However, many countries are lifting the quarantine measures and demand is growing slowly. According to Goldman Sachs experts, international flights, car trips, and increased government spending on infrastructure will help oil demand to return to pre-crisis […]
The dollar played on pessimism
The report on the state of the American labor market for June gave plenty of food for thought, and the US independence Day – time to digest everything properly. If earlier the market was dominated by the idea of a V-shaped recovery of the world economy, which gave grounds for buying risky assets, now the […]
EUR/USD – 1H. Hello, traders! The euro/dollar pair made another attempt to close under the upward trend line on July 2. However, at the same time, it continues to trade above this line, so the overall mood of traders continues to be “bullish”. In the event of a pullback of quotes from the trend line, […]
RBA to stay put as flare-up threatens Australia’s envious virus record – Forex News Preview
The Reserve Bank of Australia is almost certain to keep monetary policy unchanged on Tuesday when it announces its decision at 4:30 GMT. Australia is one of only a handful of countries that can boast a successful virus containment policy and that success bodes well for its economy as it allows the RBA to take […]
The coming week looks relatively quiet in terms of crucial events, with the only highlights being the Reserve Bank of Australia (RBA) policy meeting and some economic data out of the US and Canada. As such, the dominant theme that will likely drive both currency and equity markets will be how the global virus picture […]
BTC analysis for July 03,.2020 – The drop has started as I expected. Watch for bigger drop in the future towards the $8.666
Corona virus summary: Cases of coronavirus are surging in South Africa, exactly a month after the country lifted most of the restrictions brought in with one of the world’s strictest lockdowns, writes Jason Burke, the Guardian’s Africa correspondent. On Thursday, authorities reported the country’s biggest single-day jump in corona-virus cases, adding 8,728 confirmed infections and […]
Using complex analysis, we can see that the quotes underwent a local acceleration, which was expected in the market. The current trading week is coming to an end. Looking back at it, we can see the horizontal course of the prices, in which the range level 1.1180 [1.1165 // 1.1180 // 1.1190] plays an integral […]
Analysis of Gold for July 03,.2020 – Potential for the new upside leg due to strng upside trend in the background and rising
Corona virus summary: The German chancellor, Angela Merkel, has started making official appearances wearing a maskAssociated Press reports. Merkel appeared in the upper house of parliament in Berlin on Friday wearing a black mask sporting the logo of Germany’s European Union presidency, taking it off after she took her seat at an appropriate distance from […]
EUR/USD analysis for July 03 2020 – Potential for the bigger drop towards the 1.1035
Corona virus summary: Boris Johnson is standing by his decision to allow pubs, bars and restaurants to reopen in England on a Saturday despite concerns from the public that it could put extra strain on the police and the health service. In a radio interview the prime minister suggested that the day of the week […]
US 30 stock index (Cash) is resting on the 100-period simple moving average (SMA) at 25,790, merged with the upper surface of the Ichimoku cloud and finding further support from the positively charged 200-period SMA just beneath, at 25,746. At the glance it seems this mostly neutral picture that has taken over the last weeks […]
US 30 stock index (Cash) is resting on the 100-period simple moving average (SMA) at 25,790, merged with the upper surface of the Ichimoku cloud and finding further support from the positively charged 200-period SMA just beneath, at 25,746. At the glance it seems this mostly neutral picture that has taken over the last weeks […]
Technical Analysis – GBPUSD holds inside Ichimoku cloud after bullish cross within SMAs
Technical Analysis – GBPUSD holds inside Ichimoku cloud after bullish cross within SMAsGBPUSD advanced above the falling trend line, that had been holding since June 10, and entered the Ichimoku cloud. Currently, the RSI is flattening above its 50 neutral level, while the MACD is moving sideways above its zero and trigger lines, pointing to a neutral-to-positive short-term trading. Meanwhile, the 20- and 40-period simple moving averages […]
Technical Analysis – GBPUSD holds inside Ichimoku cloud after bullish cross within SMAs
Technical Analysis – GBPUSD holds inside Ichimoku cloud after bullish cross within SMAsGBPUSD advanced above the falling trend line, that had been holding since June 10, and entered the Ichimoku cloud. Currently, the RSI is flattening above its 50 neutral level, while the MACD is moving sideways above its zero and trigger lines, pointing to a neutral-to-positive short-term trading. Meanwhile, the 20- and 40-period simple moving averages […]
Technical Analysis – Silver bulls meet long-term trendline, but not ready yet to give up
Silver attempted to break the upper border of the neutral zone it has been ranging within this week, but its efforts proved unsuccessful as the trendline joining the peaks from September 2019 defended the bears once again at 18.42. Hence, the short-run risk is looking neutral-to-positive at the moment and another retest of the soft […]
Technical Analysis – Silver bulls meet long-term trendline, but not ready yet to give up
Silver attempted to break the upper border of the neutral zone it has been ranging within this week, but its efforts proved unsuccessful as the trendline joining the peaks from September 2019 defended the bears once again at 18.42. Hence, the short-run risk is looking neutral-to-positive at the moment and another retest of the soft […]
The first half of 2020 caused many troubles. The coronavirus pandemic, tensions between the US and China, the oil prices collapse and, as a result, the fall in stocks, currencies and bonds of developing countries. Moreover, the global recession is only gaining momentum. Obviously, traders and investors had a tough time. 1. Wuhan outbreak Analysts […]
The first half of 2020 caused many troubles. The coronavirus pandemic, tensions between the US and China, the oil prices collapse and, as a result, the fall in stocks, currencies and bonds of developing countries. Moreover, the global recession is only gaining momentum. Obviously, traders and investors had a tough time. 1. Wuhan outbreak Analysts […]
Trading plan for EUR/USD on July 3, 2020. COVID-19: infection rate continues to grow, but the number of deaths has decreased
The latest data indicates that there is a new peak in coronavirus incidence today – more than 200 thousand new cases. Meanwhile, the number of deaths has decreased significantly, which suggests that the virus may not be as lethal as before. In the US, the number of new infections has jumped to more than 57 […]