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July 3, 2020 : EUR/USD Intraday technical analysis and trade recommendations.

Post by on July 3, 2020

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 […]

July 3, 2020 : GBP/USD Intraday technical analysis and trade recommendations.

Post by on July 3, 2020

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 […]

Dollar plunges despite good US employment report

Post by on July 3, 2020

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 […]

USD / CAD. Loonie plunges amid weak economic data

Post by on July 3, 2020

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%). […]

Stock markets are disappointing in Europe, but rose in US and Asia

Post by on July 3, 2020

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 […]

Oil shows a negative correction: pressure from COVID-19 continues

Post by on July 3, 2020

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

Post by on July 3, 2020

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 […]

Oil demand to return to pre-crisis level by 2022

Post by on July 3, 2020

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

Post by on July 3, 2020

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 […]

Week Ahead – Markets torn between conflicting narratives

Post by on July 3, 2020

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

Post by on July 3, 2020

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 […]

Trading recommendations for the EUR/USD pair on July 3, 2020.

Post by on July 3, 2020

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

Post by on July 3, 2020

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 […]

Technical Analysis – GBPUSD holds inside Ichimoku cloud after bullish cross within SMAs

Post by on July 3, 2020

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

Post by on July 3, 2020

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 […]

Why emerging markets shocked by 2020?

Post by on July 3, 2020

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 […]

Why emerging markets shocked by 2020?

Post by on July 3, 2020

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 […]