Blogs

Euro area takes decisions on fiscal stimulus faster than the USA The EUR/USD bears are giving in amid several negative factors for the US dollar. Senate democrats a rescue package designed to blunt the economic slowdown resulted from coronavirus outbreak. Analysts forecast a drop in US employment and GDP performance. Investors speculate about the p

Overview of the main events of the Forex economic calendar for the next trading week 23.03.2020 to 29.03.2020 Trading on key Forex news: we are expecting the publication of important macro statistics from Germany, the Eurozone, the US, Great Britain, Japan, as well as the results of meetings of the central banks of New Zealand […]

Coronavirus changes the rules in the currency market A Roman poet Juvenal who lived in the second century AD wrote that “a wife with just the right set of virtues is a bird as rare upon the earth as a black swan.” With a helping hand of Nassim Nicholas Taleb, this symbol has become a […]

The pair XAU/USD is still likely to fall. Estimated pivot point is at a level of 1155.37. Main scenario: short positions will be relevant from corrections below the level of 1155.37 with a target of 1362.95 – 1265.31. Alternative scenario: breakout and consolidation above the level of 1155.37 will allow the pair to continue rising […]

The pair USD/JPY is still likely to fall. Estimated pivot point is at a level of 112.24. Main scenario: short positions should be considered from corrections below the level of 112.24 with a target of 98.73 – 94.71. Alternative scenario: breakout and consolidation above the level of 112.24 will allow the pair to continue rising […]

The pair GBP/USD remains likely to fall. Estimated pivot point is at a level of 1.2116. Main scenario: short positions will be relevant from corrections below the level of 1.2116 with a target of 1.1177 – 1.0687. Alternative scenario: breakout and consolidation above the level of 1.2116 will allow the pair to continue the rise […]

The pair EUR/USD remains likely to grow. Estimated pivot point is at a level of 1.0875. Main scenario: short positions should be considered from corrections below the level of 1.0875 with a target of 1.0500 – 1.0327. Alternative scenario: breakout and consolidation above the level of 1.0875 will allow the pair to continue the rise […]

The pair USD/CHF remains likely to fall. Estimated pivot point is at a level of 1.0026. Main scenario: short positions will be relevant below the level of 1.0026 with a target of 0.9167 – 0.9000. Alternative scenario: breakout and consolidation above the level of 1.0026 will allow the pair to continue the rise up to […]

The pair USD/CAD remains likely to grow. Estimated pivot point is at a level of 1.4095. Main scenario: long positions should be considered from corrections above the level of 1.4095 with a target of 1.4800 – 1.5000. Alternative scenario: breakout and consolidation below the level of 1.4095 will allow the pair to continue declining to […]

USCrude – oil  The oil price has reached Target Zone 4 [19.84 – 19.43] in the medium-term downtrend this week. After it reached the strong support in the margin zone and tested the psychologically important level at $20 per barrel, oil price has reversed up and broke out the trend key resistance [25.15 – 24.69]. […]