Interest rates are the foundation of an economy. This is because they influence the borrowing capacity of the people and businesses. When rates are so low, they incentivise people and governments to borrow money because they will not pay higher interests. When rates are high, people and companies avoid borrowing entirely. After the 2008/9 crisis, […]
In recent weeks, the focus among investors has been on the growing tensions between United States and China. Already, the tit-for-tat between the two countries has seen the introduction of tariffs on goods worth more than $260 billion. This has had major impacts on financial assets like copper, soybeans, and platinum. However, a commodity that […]
The minutes of the latest Fed meeting are due out at 18:00 GMT on Wednesday. Chair Powell was less cautious than markets had anticipated back then, downplaying the prospect of rate cuts. The minutes could echo a similar message, particularly since this gathering took place before the latest escalation in trade tensions. If so, that […]
EURNZD is hovering above the 50.0% Fibonacci retracement level of the downleg from 1.7925 to 1.6885 around 1.7110 and is approaching the four-month high of 1.7150. The RSI is growing distance above the 50 level and is standing near the overbought zone, while the MACD is holding well above the zero line, increasing speculation for more […]
Today’s testing of 1/4 WCZ of 122.95-122.87 provides an opportunity to enter the sale. The first goal is a decline at least last week and a test of which will allow closing the part of the position. If sales are already open, it is necessary to keep them until the pair consolidates above the level […]
Today’s movement in the Asian session has already exceeded the average daily rate, which indicates a high probability of a fall to stop. It is important to understand that any growth will be corrective. Therefore, it is necessary to look again for favorable prices for the sale of the instrument. The first goal of the […]
The EUR/USD pair quickly lost the points scored yesterday with the target at the area of 1.1150. It is assumed that if the pair drops below the level of 1.1100, this will mark the breakthrough of an important support level and cause more intense pressure on the bears. According to experts, the EUR/USD pair is […]
The market has stopped and it is not clear whether everyone was stunned by how quickly the dollar has strengthened in recent days or they decided to take a short break. Although the fact is rather that they simply could not find any reasons for purchases or sales because yesterday was completely empty from the […]
EUR/USD – 4H. Quotes of the euro/dollar pair performed consolidation under the retracement level of 100.0% (1.1177), return to this level, rebound from it, and all this happened on Monday, when the Forex market, by and large, was asleep all day. Since no news came out yesterday, traders had nothing to analyze. Thus, the weak […]
The Bitcoin exchange rate is preparing for a new wave of growth, and it must be done in the near future, otherwise, the risk of a larger downward correction will increase significantly. Signal to buy Bitcoin (BTC): Bitcoin buyers face a level of 8100, the breakthrough of which will provide good demand and lead to […]
For the last trading day, the euro / dollar currency pair showed an indecently low volatility of 24 points, as a result of not having the best pullback attempt, which looked more like a banal stagnation. From the point of view of technical analysis, there is a tight retention of short positions. Unlike its fellow […]
West Texas Intermediate (WTI) crude oil futures returned back above the 23.6% Fibonacci retracement level of the upleg from 51.60 to 66.60, around 63.0, holding above the red Tenkan-sen line and the 20-simple moving average (SMA) in the 4-hour chart. The stochastic oscillator is approaching the overbought levels, giving signals for more upside pressure, however, […]
On Monday, the market in both currencies moved to the side channels. The GBP / USD pair opened with a gap upwards, and then they tried to close it all day. On the other hand, the EUR / USD pair remained in a standby mode. Traders could not decide in any way where to go […]
EUR / USD On Monday, May 20, trading on the Forex market ended for the pair EUR / USD with a rise of several base points. However, the wave pattern remains the same and implies the construction of a downward wave of 3, 3, 3 as part of a downward trend section with targets located […]
For the last trading day, the currency pair pound / dollar showed an extremely low volatility of 42 points, remaining, to put it in a strictly speaking manner, in one place. From the point of view of technical analysis, we see a rather sharp slowdown after the quotation has gone down to the value of […]
There is a lull in the news field. No big events. A new wave around Brexit is sluggishly developing. Until June, the issue of the US-China trade war remains uncertain. EURUSD The rate of the euro is very slow, but it is declining under pressure from sellers. The euro came close to the lower limit […]
Aussie gives up election gains as RBA rate cuts come in focus US calms nerves by temporarily easing sanctions on Huawei Dollar advances as other currencies lose shine Aussie reverses lower as RBA rate cut bets soar The election-related boost that the aussie received yesterday proved short-lived, with the currency giving back nearly all its […]
The deterioration of relations between the United States and China in the wake of growing pressure from Washington, which is claiming Beijing about American intellectual property, has a strong negative impact on the demand for risky assets, primarily for the shares of companies. Against this background, the local high-tech sector in the United States fell […]
Morning Report: 07.00 London The Australian dollar is on the back foot this morning after the RBA hinted that a rate cut could be coming as early as June. The AUD/USD is back near the lows, having closed yesterday’s opening gap higher and trading at 0.6875. The AUD/JPY is following suit, having completely closed Monday’s […]
GBPJPY continued with losses for the second week in a row, dropping to a four-month low of 139.53 last Friday and near a key support area before turning neutral. The RSI in the four-hour chart continues to lack direction while remaining in bearish area and the red Tenkan-sen keeps flattening below the blue Kijun-sen line, reducing chances for a meaningful recovery in the short-term. However, should the […]
GBPUSD sank to a fresh four-month low of 1.2708 today, creating a strong negative rally after the pullback on 1.3175. The negative bias in the near term is supported by the deterioration in the momentum indicators. The %K line of the stochastic oscillator has fallen sharply into oversold levels and is attempting a bullish crossover […]
Inflation and retail sales numbers for April will be reported out of the United Kingdom this week, but with political uncertainty running high, the focal point for traders will likely be the outcome of the European Parliament elections. The CPI and retail sales data are due on Wednesday and Friday, respectively, at 08:30 GMT, while […]
To open long positions on GBP/USD you need: The speech of the governor of the Bank of England can return the pressure on the British pound in the first half of the day, as it will be a question of interest rates and inflation. At present, it is best to return to long positions only […]
To open long positions on EURUSD you need: The pair’s situation is uncertain. It is best to return to long positions after updating a large support level at 1.1138, from where you can expect an upward correction to return to a high of 1.1180, above which you can reach the resistance of 1.1205, where I […]
USDJPY managed to regain certain momentum since the bounce off the 109.00 area while being in a preceding bearish trend. JPY struggled to maintain momentum after the release of weak economic data which undermined the market sentiment against USD. The US economy is slightly affected by the Trade War. Mixed economic reports showed a certain […]
Technical Market Overview: After making the local low at the level of 1.1150, the EUR/USD pair has tried to bounce or even rally higher, but this attempt was capped at the technical resistance zone located between the levels of 1.1167 – 1.1173 and the price reversed. The short-term outlook remains bearish and there is no […]
Technical Market Overview: The GBP/USD pair is still trading close to the technical support at the level of 1.2705, but no breakout was made yes as the market conditions are extremely oversold. Moreover, the price is still out of the channel zone and does not look like the bulls have enough power to get back […]
Crypto Industry News: The European Central Bank (ECB) said that cryptocurrencies are not currently a threat to financial stability in the Eurozone. In his last article on the subject, the ECB said that the total value of cryptocurrencies is small compared to the financial system, and the links with the financial sector are still limited. […]
Crypto Industry News: Co-founder of Fundstrat Global Advisors, Tom Lee, claimed in a tweet that the crypto-winter came to an end. In the news, Lee said that last week’s Consensus conference in New York was the latest of 13 signs indicating that the industry is recovering after a difficult few months. Its schedule of events […]
EUR/USD On Monday, the euro slightly wavered on supporting the Fibonacci level 110.0% of the movement branch from September 24 to November 12 of the previous year. The delay made it possible for the marlin oscillators on the daily and H4 charts to discharge even more, in order to continue the decline with new forces. […]
