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 […]

USD/CAD is trading at 1.3567 and it could come back higher if the US Dollar Index jumps higher. The pair has decreased a little, but it could still resume its short-term rebound, the minor decrease could give us a great chance to go long on this pair. Another higher high, or a false breakdown with […]

USD/CAD is trading at 1.3567 and it could come back higher if the US Dollar Index jumps higher. The pair has decreased a little, but it could still resume its short-term rebound, the minor decrease could give us a great chance to go long on this pair. Another higher high, or a false breakdown with […]

The popularity of the yellow metal, gold, has become especially noticeable after COVID-19 is gradually fading. Previously, investors massively “ran away” to this asset, considering it the most reliable during the crisis. As a result, the price of gold rose, giving rise to further positive forecasts. Experts of Bank of America shared one of these […]

Risk Warning: 75.55% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning. […]

Risk Warning: 75.55% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning. […]

Risk Warning: 75.55% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

On 24th June, XM completed one more charity initiative by making a charity donation to the Vietnamese Maison Chance Foundation. Since the beginning, our company’s corporate social responsibility actions have attributed much importance to the support of underprivileged children whose health, education and future are at stake. This is again what we kept in sight […]

US economy adds record 4.8 million jobs in June but virus jitters cap risk appetite Stocks pare gains, dollar pulled in opposite directions Rising caution may shift attention back to stimulus as US, EU decisions pending US jobs report smashes forecasts but fails to lift markets The latest nonfarm payrolls report did little to dent […]

In a government report, US President Donald Trump said that the United States has recorded 4.8 million new jobs and a drop in unemployment rate to 11.1%. Such happened because the economy of the country has opened, in which many enterprises were allowed to resume work after strict quarantine. “Today’s report shows that during the […]

EUR/USD Analysis: The short-term exchange rate of the European currency sets the algorithm for the rising wave from March 20. During the entire past month, the price forms a counter structure, which does not yet go beyond the correction of the last part of the wave (C). Its structure lacks a final reduction. Forecast: A […]

On Thursday, the US dollar rose against the euro and the pound amid news that the unemployment rate in the US fell in June this year, indicating the gradual recovery of the labor market after the coronavirus pandemic. Even US President Donald Trump noted such a significant increase in new jobs, pointing to the restoration […]

Gold has decreased a little in the short term, but the uptrend is still intact, so you could still look for buying opportunities. The yellow metal is traded at $1,775 level and it is expected to resume its upside movement after the minor retreat. Yesterday’s mixed US data has lifter the gold price, a USD’s […]

NZDUSD recently overcame negative pressures jumping above the mostly flat 50- and 100-period simple moving averages (SMAs) and the neutral Ichimoku cloud to revisit the roof of the sideways market, which has held for around three weeks. Although currently stalled, this move is also reflected within the bullish Ichimoku lines. Furthermore, with positive momentum starting […]

USDCAD bulls faded out near the descending trendline stretched from the top of 1.4667 in the last days of June, with the price slipping back to the 1.3500 zone. The downside correction, however, has not yet disturbed the short sequence of higher highs and higher lows started from the 1.3314 bottom. And should support around 1.3500 […]

GBPJPY has found a strong resistance obstacle near the 38.2% Fibonacci retracement level of the up leg from 124.00 to 139.80 at 133.70, where the 20- and 100-day simple moving averages (SMAs) reside too. The recent rebound on the short-term ascending trend line drove the stochastic oscillator towards overbought conditions, suggesting a possible pullback in […]

Hello, dear colleagues! Yesterday’s publication of Nonfarm Payrolls and unemployment data showed that the US labor market is recovering at a faster pace than economists had expected. In June, unemployment in the United States fell to the level of 11.1%, although forecasts were reduced to 12.4%. And if memory serves, this trend has been observed […]

Forecast for July 3: Analytical review of currency pairs on the scale of H1: The key levels for the euro / dollar pair on the H1 scale are: 1.1289, 1.1254, 1.1183, 1.1154, 1.1132, 1.1071 and 1.1029. Here, we continue to monitor the formation of the descending structure of June 23. The continuation of the downward […]

Crypto Industry News: Ethereum 2.0 was created to improve the scalability and performance of the native blockchain. Let us remind you that in the near future the network co-created by Vitalik Buterin is shifting from the PoW to PoS consensus. The co-founder of Ethereum reminded that the transition to ETH 2.0 will not happen overnight. […]

On the 4-hour chart, we can see that there is a divergence between the Stochastic Oscillator with the price of GBP/JPY. The pair is likely to dip to the 132.92 level. This scenario may occur if GBP/JPY does not rise and close above the 134.68 level. (Disclaimer) The material has been provided by InstaForex Company […]

Crypto Industry News: The Russian criminal court rejected the claim for compensation to the victim of what would be a crime in many jurisdictions, arguing that Bitcoin, as a virtual currency, does not enjoy the same protection of property as other assets. The case dates back to 2018, when two men pretending to be agents […]

Technical Market Outlook: After the EUR/USD pair has made series of Pin Bar candlesticks just above the key short-term support located at the level of 1.1185 some serious bounce has been expected, but it turned out the bulls have a fuel only to rally to the level of 1.1302. Then the Bearish Engulfing candlestick was […]

The pound-dollar pair has been trading within the 24th figure for the third consecutive day. The pair’s corrective growth is mainly due to the weakening of the US currency – the pound is still under pressure from many fundamental factors, which were aggravated by the brexit issue yesterday. Therefore, the upward dynamics of GBP/USD should […]

Technical Market Outlook: The GBP/USD pair has made a local high at the level of 1.2528, but the rally had ended up with a Bearish Engulfing candlestick pattern at its very top. The market is currently trading at the edge of the overbalance which is seen at the level of 1.2458. Any violation of this […]

The US economy continues to recover, and it seems that the pace of this process will only increase. Another question is whether it will be energetic or not. The recent data on employment in America presented on Thursday turned out to be unexpected and noticeably more positive than predicted. The US economy received 4.8 million […]