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Daily Market Outlook, May 27, 2020 

Forex

<h2><span>Daily Market Outlook, May 27, 2020 </span></h2> <p><span>The Asian equity market was more mixed overnight with China and Hong Kong leading the declines. That follows reports that the US is considering a range of sanctions against China for its proposed new national security legislation to rein in dissen

Gold market

Forex

Gold market: peculiarities of pricing and structure    When trading commodities, it’s important to be aware of their demand&supply’s structure and dynamics. A typical example is oil, which is recovering lost positions by leaps and bounds amid expectations of growing demand and surplus reduction, as main global economies have started to reopen.

Analysis for oil, gold, and EUR/USD for 27.05.2020

Forex

USCrude – oil Target Zone 4 [34.17 — 33.42] is the strong resistance of the oil uptrend this week. As the price approached the zone, the volatility has declined. There is now forming a consolidation range. When the price breaks the consolidation range, it may further break out TZ 4 and reach TZ 5 [41.67 […]

Euro discourages bears

Forex

The euro doesn’t look that weak anymore About twenty years ago, my schoolmate invited me to his office in the center of the city, showed me his desktop with expensive technical analysis software, and proudly said that it was relevant to sell as all the indicators pointed down. That guy was a loser in trading […]

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