Blogs

<p>AUDUSD is set to put its positive structure from the 0.5500 bottom back into play on the four-hour chart after ticking above its previous high of 0.6443 on Monday. Yet, with the RSI and the Stochastics losing steam in the overbought area, downside corrections cannot be ruled out. In this case, the red Tenkan-sen line […]

<p>EURUSD has been trading within a triangle pattern over the last seven weeks after it hit a 13-month peak slightly below the 1.1500 handle. The price is currently touching the upper boundary of the formation, while not far above the 20-day simple moving average (SMA) is also located. Looking at the technical indicators, the MACD […]

<p>We labelled a completed higher degree impulse at 0.550 low on aussie, from where a five-wave, minor recovery started taking place. We are observing a minimum, higher degree three-wave rally now, with first five intra-day legs being part of wave A/1. That said, once wave A/1 fully develops, a three-wave correction as B/2 may follow. [&helli

<p>Asian indices start a new week with growth, encouraged by further policy easing from the Bank of Japan. The Nikkei 225 index adds 1.5%, returning to this month’s high. It happened on the background of announcements that the country’s central bank removes restrictions on government bond purchases on its balance sheet. Such a mov

<p>The pair dipped near 107 handle on Monday after BoJ announced an expansion of stimulus, pledging to buy an unlimited amount of bonds to keep low borrowing costs and cushion strong negative impact on the economy from coronavirus lockdown. Fresh weakness probes through the floor of seven-day range and eyes key supports at 107.01 (daily [&hel

<p>During the previous trading session, the XAU/USD exchange rate traded sideways in the 1,724 area. During Monday morning, the rate was trading at 1,722.00. Note that yellow metal is squeezed by 55-, 100– and 200-hour moving averages, located near 1,724.00 and 1,710.00 respectively. Thus, gold could consolidate against the US Dollar in the s

<p>On Friday, the USD/JPY currency pair declined to the 107.40. During today’s morning, the pair broke to the lower boundary of the short-term descending channel. On the one hand, the exchange rate could continue to trade downwards in the short term. In this case the rate could face the support level formed by the weekly […]

<p>At the end of last week, the GBP/USD exchange rate traded sideways in the 1.2350 area. During Monday morning, the rate raised to the 1.2450 level. It is likely that the currency pair could gain support from the 200-hour SMA and the Fibo 50.00% at 1.2418 and trade upwards in the short term. In this […]

<p>On Friday, the EUR/USD currency pair raised to the 100-hour SMA near 1.0820. During today’s morning, the pair raised to the resistance formed by the 200-hour SMA near 1.0850. It is likely that the exchange rate could gain support from the 100-hour SMA and the weekly PP at 1.0820 and trade upwards in the short […]

The Federal Reserve has expanded the scope and duration of its Municipal Liquidity Facility. The Fed is broadening its help for local governments, off