Capital markets reviews
EUR/USD has been under pressure amid intensifying Sino-American tensions. Objection to the Franco-German plan is weighing on the euro. Monday’s four-hour chart is showing the pair is just above critical support. The euro has reasons to fall, the dollar motives to rise – will it be enough to break below a crucial confluence of support?…
GBP/USD been under pressure amid global fears yet received help from the BOE. Lockdown easing details, UK GDP and US retail sales stand out in the upcoming week. Mid-May’s daily chart is painting a mixed picture. The FX Poll is showing an upgrade from the past week, but a wide diversity of targets. The Bank of…
Hello traders, EURAUD is in a bearish trend, down from 1.980 level, as we see a clear five-wave in the making. At the moment we are observing a five-wave structure within a third wave of a bigger impulse, that can be near completion, as all legs are visible. As such support and a new turn…
Hello traders, USDCAD is trading in a third wave of a bigger, bullish cycle which started in September of 2017. We see a sharp recovery from the 1.2953 level that can be part of a higher degree wave 3, and its five-wave structure. Wave 3 as we know is an impulse. That said, before further…
Hello traders, USD index monthly is recovering in an overlapping, seven swing movement, up from 2008, ideally unravelling a big, corrective wave B. We can see the first piece of the seven-swing move (the first A)-B)-C)) completed at a high in 2015, which was later followed by a connecting wave X). This corrective leg connects…
The novel coronavirus (COVID-19 ) which emerged in December 2019 has now killed more than 8,248 people and infected more than 205,452 people, according to data from . Markets have been roiled amid record volatility, with the VIX exceeding the levels during the financial crisis of 2008. In this article we’ll explore how the pandemic…
GBP/USD has reacted positively to a leap in inflation after weak wage data beforehand. Brexit, coronavirus, and the Fed’s minutes are set to move cable. Wednesday’s four-hour chart is showing that the double-top of 1.3070 is the next critical line. Another “buy the dip” reaction has proved profitable for pound traders. GBP/USD has been on the rise…
EUR/USD has been attempting to stabilize around the lowest since 2017. Economic divergence, coronavirus headlines and the FOMC Meeting Minutes await traders. Wednesday’s four-hour chart is pointing to oversold conditions. The “Macron Gap” has been breached – and that implies further falls for EUR/USD, even if it suffers from oversold conditions. Back in April 2017, the…
GBP/USD has been struggling as Brexit concerns accumulate. The UK jobs report and coronavirus headlines are in play. Tuesday’s four-hour chart is pointing to worsening conditions. Brexit headlines have begun biting – finally. Long days of acrimonious headlines from both sides of the English Channel have finally pushed lower. The straw that broke the camel’s back…
EUR/USD has been struggling near 34-month lows amid coronavirus fears. German figures and the return of US traders are set to move markets. Tuesday’s four-hour chart is pointing to further falls. When the world’s most valuable company warns of coronavirus impact – markets are unable to ignore and safe-haven assets such as the come into…