As predicted, the publication of the report of the United States Department of Labor launched the correction process. However, a much larger decline in the pound was expected. The fact is that the data on the labor market as a whole turned out to be slightly worse than forecasts. The dynamics are clearly positive, but […]

To open long positions on GBP/USD, you need: Yesterday’s data on the US labor market quickly brought buyers of the pound to their senses, who managed to form a fairly powerful upward correction in the pair, coming close and testing the resistance of 1.2528, where a fairly good sell signal was formed yesterday. I described […]

EUR/USD Yesterday’s release of US data showed the following data: 4,800,000 new jobs were created in the non-agricultural sector in July against the expectation of 3,000,000, the share of the economically active population increased from 60.8% to 61.5%, unemployment fell from 13.3% to 11.1% against the forecast of 12.3%, the volume of factory orders for […]

AUD/USD The Australian dollar rose by seven points yesterday against the overall strengthening of the US dollar by 0.07%, probably due to the growth of industrial metals, which arose from yesterday’s good data on employment in the US. Further strengthening of the US dollar will still return the aussie to the general downward trend with […]

USD/JPY The USD/JPY pair rose by a symbolic three points on Thursday. The reason was the growth of the stock market (S&P 500 +0.45%). Asian markets are experiencing moderate growth today: the Nikkei 225 0.23%, S&P/ASX 200 0.25%, Shanghai Composite 1.03%. The US market is closed today due to a national holiday. Yesterday’s growth did […]

Trading Recommendation Entry: 120.752 Reason for Entry: Ascending trendline support, moving average support Take Profit: 121.938 Reason for Take Profit: 100% Fibonacci extension Stop Loss: 120.265 Reason for Stop Loss: 100% Fibonacci extension, graphical swing low The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Evening review on EURUSD for June 02, 2020 […]

The EUR/USD pair tried to enter the 13th figure today. This attempt was unsuccessful, but at the same time, very indicative: against the background of quite strong nonfarm payrolls data, the dollar failed to show character and showed softness, allowing the EUR/USD bulls to update the weekly high. At the same time, buyers were also […]

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 […]

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 […]

The US employment report came stronger than expected. New jobs ranging about 4.8 million opened for the month of June, dropping the unemployment rate to 11.1%. Indeed, everything turned out much better than forecasts. The data supported the US market and the dollar leaving the euro under pressure. EURUSD: You may keep buying euro with […]

The White House is distancing from China. In fact, actions of the US authorities may lead to break the US-China trade agreement that was reached at the end of the previous year. The House of Representatives of the US Congress approved a bill that describes a number of sanctions against China and its officials involved […]

EUR/USD – 1H. Hello, traders! On July 1, the euro/dollar pair made another attempt to close under the upward trend line. Thus, despite two attempts by bears to break into the market, the general mood of traders remains “bullish”. However, only formally. On the 4-hour chart, it is much more clearly visible that the pair […]

EUR/USD – 1H. Hello, traders! On July 1, the euro/dollar pair made another attempt to close under the upward trend line. Thus, despite two attempts by bears to break into the market, the general mood of traders remains “bullish”. However, only formally. On the 4-hour chart, it is much more clearly visible that the pair […]

The price of gold this morning showed a negative trend. Precious metal futures for August delivery on a trading floor in New York became 0.16% cheaper. Their current level was around 1,777.05 dollars per troy ounce. Support for gold settled at around $ 1,754 per troy ounce, with resistance at $ 1,807.70 per troy ounce. […]

Copper is trading around the vicinity of the six-month top of 2.7644, achieved earlier today, continuing the buying interest that started on March 19. Looking at the short-term oscillators, the stochastic and the RSI signal a slight decrease around their overbought marks as they are losing momentum. However, the MACD oscillator is still showing some […]

Using complex analysis, we can see the next round of speculative operations, which supported the previously set price price. The trades yesterday did not differ much from the previous one. Similar speculative activity and long operations were observed, in which the US dollar was in a “sell-out”. Such a phenomenon is peculiar not only to […]

Over the past 6 months, oil reserves have dropped to the lowest level. However, a rally in crude prices has not started yet. The US Department of Energy reported that over the past week the country’s oil inventories declined by 7.195 million barrels. In total, US oil reserves were down by 263 thousand barrels. At […]

The US 100 stock index (cash) is calling new all-time highs ahead of the Nonfarm payrolls report due later today. Despite finding resistance at 10,346, the price has yet to reach the edge of the overbought zone in the daily chart according to the RSI and the Stochastics which continue to slope upwards. The next […]

GBPAUD has been heading considerably lower over the last four months, touching a new nine-month low of 1.7860. Currently, the price is edging slightly higher, approaching the 20-day simple moving average (SMA) and the MACD oscillator is moving above its trigger line. Also, the RSI is ticking up in the negative territory, suggesting a potential […]

Corona virus summary: China’s local governments must increase testing capacity to prepare for potential outbreaks. Local institutions should ramp up and reserve coronavirus testing capacity in preparation for increased demand amid potential outbreaks, Reuters reports citing national health authorities. Technical analysis: Trading recommendation: Watch for potential sellingopportunities due to completion of the mini abc upward […]

Corona virus summary: West Bank has gone into lockdown as virus numbers soar. The Palestinian Authority has announced a five-day lockdown across the West Bank after the total confirmed coronavirus infections in the territory more than doubled following the easing of previous restrictions. Technical analysis: Trading recommendation: Watch for potential selling opportunities due to overbought […]

Corona virus summary: Russian prime minister Mikhail Mishustin said on Thursday the government would consider increasing budget spending by 1.8 trillion roubles ($25.6bn) to fight the coronavirus and support the economy, Reuters reports. Some economists have said Russia’s regulations surrounding budget spending have hindered its ability to adequately fund anti-crisis measures. Technical analysis: Trading recommendation: […]

Over the past day, the Cardano cryptocurrency showed the sharpest growth of 12% and was trading at $0.092821. This is the highest level that ADA has been able to achieve in more than a year. ADA resumed rising in May amid the reports on preparations for the launch of the long-awaited Shelley update. It will […]

Overview : The EUR/USD pair broke resistance which turned to strong support at the level of 1.1245 yesterday. The level of 1.1245 coincides with a golden ratio (78% of Fibonacci), which is expected to act as major support today. The Relative Strength Index (RSI) is considered overbought because it is around 70. The RSI is […]

Overview : The EUR/USD pair broke resistance which turned to strong support at the level of 1.1245 yesterday. The level of 1.1245 coincides with a golden ratio (78% of Fibonacci), which is expected to act as major support today. The Relative Strength Index (RSI) is considered overbought because it is around 70. The RSI is […]