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Overview of the main events of the Forex economic calendar for the next trading week 01.06.2020 to 07.06.2020

Trading on key Forex news: we are expecting the publication of important macro statistics from China, the US, Australia, Germany, Canada, the Eurozone, as well as the results of the meetings of the central banks of Australia, Canada, and the Eurozone.

Last Wednesday, the European Commission presented a draft fund in the amount of 750 billion euros to provide loans and grants to...

Source Feed: Forex blog about earning and investments on financial markets
Categories: analysts-opinions

Forex trading in Nepal has become easier to get involved in over recent years, which have mostly seen strong economic growth and the increasing availability of fast internet.

Source Feed: DailyForex.com Forex Articles

The pair EUR/USD remains likely to grow. Estimated pivot point is at a level of 1.1017.

Main scenario: consider long positions from corrections above the level of 1.0871 with a target of 1.1250 – 1.1490.

Alternative scenario: breakout and consolidation below the level of 1.0871 will allow the pair to continue declining to the levels of 1.0633 – 1.0528.

Analysis: Supposedly, a descending correction of senior level finished developing in the form of wave (2) on the daily time frame. The...

Source Feed: Forex blog about earning and investments on financial markets
Categories: analysts-opinions

Germany saves the euro

Figuring out which bridge to cross and which one to burn is the hardest thing in life. At the end of spring Berlin faced a difficult choice: does Germany need the euro and should it help out the Eurozone’s paupers? There has always been a risk of collapse in the Eurozone. Portugal, Ireland, Greece, Cyprus, Spain and Italy would get on fire from time to time, pretending to want to restore their national currencies. Still, the periphery’s indignation is one thing, while...

Source Feed: Forex blog about earning and investments on financial markets
Categories: chatty-forex

The pair XAU/USD remains likely to fall. Estimated pivot point is at a level of 1765.45.

Main scenario: consider short positions from corrections below the level of 1765.45 with a target of 1667.44 – 1634.13.

Alternative scenario: breakout and consolidation above the level of 1765.45 will allow the pair to continue rising to the levels of 1798.83 – 1850.00.

Analysis: Supposedly, an ascending correction of larger degree finished developing in the form of wave (B) on the daily time...

Source Feed: Forex blog about earning and investments on financial markets
Categories: analysts-opinions

USD/JPY remains likely to grow. Estimated pivot point is at a level of 106.77.

Main scenario: consider long positions from corrections above the level of 106.77 with a target of 109.51 – 111.80.

Alternative scenario: breakout and consolidation below the level of 106.77 will allow the pair to continue declining to the levels of 105.99 – 105.00.

Analysis: On the daily time frame, apparently a descending correction of larger degree finished forming as wave B and wave С started...

Source Feed: Forex blog about earning and investments on financial markets
Categories: analysts-opinions

The pair GBP/USD remains likely to grow. Estimated pivot point is at a level of 1.2158.

Main scenario: consider long positions from corrections above the level of 1.2158 with a target of 1.2477 – 1.2639.

Alternative scenario: breakout and consolidation below the level of 1.2158 will allow the pair to continue declining to the levels of 1.2020 – 1.1871.

Analysis: Supposedly, the fifth wave of larger degree V finished developing on the daily time frame, with wave  (С) of V completed...

Source Feed: Forex blog about earning and investments on financial markets
Categories: analysts-opinions

USD/CHF remains likely to fall. Estimated pivot point is at a level of 0.9782.

Main scenario: consider short positions from corrections below the level of 0.9782 with a target of 0.9454 – 0.9238.

Alternative scenario: breakout and consolidation above the level of 0.9782 will allow the pair to continue rising to the levels of 1.0024 – 1.0235.

Analysis: Supposedly, the third descending wave of larger degree (3) continues developing on the daily time frame, with wave 3 of (3) forming...

Source Feed: Forex blog about earning and investments on financial markets
Categories: analysts-opinions

USD/CAD remains likely to fall. Estimated pivot point is at a level of 1.4050.

Main scenario: consider short positions from corrections below the level of 1.4050 with a target of 1.3598 – 1.3444.

Alternative scenario: breakout and consolidation above the level of 1.4050 will allow the pair to continue rising to the levels of 1.4351 – 1.4562.

Analysis: On the D1 time frame, supposedly, a descending correction finished developing in the form of second wave of larger degree (2), and wave...

Source Feed: Forex blog about earning and investments on financial markets
Categories: analysts-opinions

USCrude – oil 

The oil price has reached the main upside target in the middle-term uptrend, Target Zone 4 [34.17 - 33.42]. There is now forming the consolidation zone under the resistance. The further trend will be determined when the price breaks this zone out either upside or downside next week.

Differently put, if Target Zone 4 is broken out, the next upside target will be Target Zone 5 [41.67 - 40.92]. If the price breaks out level 29.05, there will start a correction down to trend...

Source Feed: Forex blog about earning and investments on financial markets
Categories: analysts-opinions

US sanctions against China will make capitals flow out from Hong Kong, which is a kind of gateway to the Chinese stock market

The EUR/USD bulls have drawn the price above the top of figure 10 encouraged by the EC willingness to issue €750 billion of bonds, and their opponents haven’t been supported even by US weak domestic data. The US GDP drop in the January-March period turned out to be deeper on a quarterly basis (-5%) than it was previously expected (-4.8%). The number of jobless claims...

Source Feed: Forex blog about earning and investments on financial markets
Categories: analysts-opinions

During Asian trade on Friday, the US Dollar was penned within a narrow trading band as investors focus on the US President's response to China's recently passed national security law which will be in place for Hong Kong.

Source Feed: DailyForex.com Forex News

The Pound Sterling is struggling for traction against its two main rivals, the greenback and Euro, and are trading close to recent lows on media reports that the Brexit negotiations have stalled.

Source Feed: DailyForex.com Forex News


S&P 500 makes first daily close above 3000 and 200-day average since pandemic; Asian stocks trade mixed as Hong Kong hit; EU lays out €750 billion rescue plan

Source Feed: DailyForex.com Forex News




The S&P 500 broke above its 200-day moving average on Tuesday and traded at less than a point below 3,000, a sign that a prolonged uptrend for the markets may be starting.

Source Feed: DailyForex.com Forex News

A weaker US Dollar in the overnight hours helped to boost the Pound Sterling which saw continued gains during London trade.

Source Feed: DailyForex.com Forex News

According to data released by the IFO Institute, German exporters' mood improved in May, which is an important advance given the previous month's data.

Source Feed: DailyForex.com Forex News

Getting your timing right is an important part of trading Forex profitably. In this article, I show with supporting data which have been the most profitable times to trade depending upon whether you are: A day trader or longer-term swing / position trader, and Using a trading strategy which relies upon trend / momentum or ranging price behavior.

Source Feed: DailyForex.com Forex Articles


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Source Feed: DailyForex.com Forex Articles

As the main driver of the Forex market, what is the USD going to do as chaos caused by the coronavirus pandemic assaults the global economy?

Source Feed: DailyForex.com Forex Articles

Is the 2020 stock market crash over? The strong sell-off in stock markets triggered by the coronavirus pandemic is unlikely to end soon, regardless of relief rallies.

Source Feed: DailyForex.com Forex Articles

Is Forex trading tax-free in the UK? Spread betting profits are generally not taxable in the UK. Profits from trading CFDs however, are taxable. Read More

Source Feed: DailyForex.com Forex Articles

Will the forex market ever crash? Is Forex affected by recession? There is a way to trade forex during a world crisis, you just have to change your thinking.

Source Feed: DailyForex.com Forex Articles

How & why to use the weekly time frame in your Forex trading, rules & actual historical performances of a few weekly time frame trading strategies

Source Feed: DailyForex.com Forex Articles

The amount of money you need to start trading will depend on your broker’s Minimum deposit requirement, Minimum trade position size & Maximum leverage

Source Feed: DailyForex.com Forex Articles

The US dollar held strong in the early European session. Buoyed by a “no change” in interest rates from the federal reserve yesterday evening. After the quarterly rate decision was announced the dollar surged strongly against most currencies. The foreign exchange market was extremely active afterwards. Before the U.S. open the latest Department of Labor figures were released. Filed unemployment claims fell below last months figure of 302,000, down to 259,000. It also beat the forecasts which...

Source Feed: Forex Rate – Currency News
Categories: forex, dollar, fed, gbp/usd, gbpjpy

Euro has weakened across the board in the early trading session across Asia and Europe, with the expectant result of the French elections now selling on the news. Whilst many see this result as a positive for the single currency, it seems the result was priced in after opinion polls late last week suggested which way the vote would go. EURUSD EurUsd has fallen near 100 pips from an overnight high of 1.1022. The US Dollar is strengthening with anticipation of a June rate increase, after string...

Source Feed: Forex Rate – Currency News
Categories: forex, euro, foreign exchange, gbp/eur

The Euro gained slightly against the Dollar and the Pound Friday, and strongly against the Japanese Yen, traders noticed the debate on the ECB’s accommodating monetary policy. At the start of the US session, the British pound declined sharply against the Euro to 87.55 pence for one euro, but falls were also seen against the greenback, to 1.2163 dollars. The Swiss Franc gained modestly against the euro at 1.0727 and more significantly against the Dollar to 1.0073 francs, versus 1.0083 francs...

Source Feed: Forex Rate – Currency News
Categories: forex, ecb, euro, hard brexit, pound

The EURUSD was steady on Wednesday as it anticipates the US Federal Reserve monetary policy decision, while adjustments to the BoJ monetary policy meant the Yen was in a volatile state on morning trading. There is a strong sense of anxiety around the markets today, not only in Foreign Exchange but also stocks and commodities. It’s no surprise that traders are watching closely the decision by the Fed, whose monetary policy committee (FOMC) will announce at 1800 GMT if it leaves rates unchanged,...

Source Feed: Forex Rate – Currency News
Categories: forex, euro, fed, gbp

The Euro is gaining ground versus the US dollar during the morning sessions in Europe. The exchange rate moved up to 1.086 dollars, higher than the close of 1.083 dollars on Friday evening. It’s the start of a busy week with statistics, especially with the US employment report on Friday. The US dollar is currently under strong pressure against major currencies like the euro and a continuation of the upward trend cannot be achieved only through excellent job figures. Investors may see good...

Source Feed: Forex Rate – Currency News
Categories: forex

The British Pound remains under pressure against the US Dollar after a week of fairly positive data over stateside, with Non Farm Payrolls adding 211k above analysts expected 200k forecast. Labor force participation also rose by a tenth of a percentage point to 62.5%. With some mixed but slightly negative data last week for GBP, with Manufacturing PMI down, Construction PMI down but Services PIM up, the Pound looks weak and could well be heading down to take out last week lows of 1.4894. “The...

Source Feed: Forex Rate – Currency News
Categories: forex, gbp, gbp/usd

The euro was pushing slightly lower against the US dollar in morning trading, the single currency being affected by the terrorist attacks that have hit Paris over the weekend. The events of this weekend could have a greater economic impact on tourism and consumer spending over the weeks running up to the end of year celebrations. There is a very real threat of current events pushing France back into recession, which could ignite new ECB intervention. France is the second largest economy in the...

Source Feed: Forex Rate – Currency News
Categories: forex

Since last Thursday’s interest rate decision, GBP has failed to show any strength against any of the major currencies. Falling through short term support levels and looking to test lower levels. Conversely the US Dollar looks in a buoyant mood again since the non-farm payroll figures on Friday. The non-farm payroll data trumped forecasts with a whopping 271k versus forecast 181k. Unemployment rate stayed unchanged at 5%. It seems the trend for US Dollar (up) and British Pound (down) may stay...

Source Feed: Forex Rate – Currency News
Categories: forex

Many economists forecast steep inflationary growth in the UK over the coming months with the effects from weak commodity prices and falling university fees tailing off. As a result, some analysts are going so far as to predict that the Bank of England (BoE) could increase the benchmark interest rate ahead of the Federal Reserve. This has seen the Pound edge higher versus its major peers on Thursday morning. British Retail Sales data, due for publication later on Thursday, has the potential to...

Source Feed: Forex Rate – Currency News
Categories: forex

Sterling managed to romp higher against a number of its peers on Friday as investors responded to hawkish interest rate related commentary from Bank of England (BoE) policymaker Kirstin Forbes. After Forbes intimated that a UK interest rate hike could occur sooner than markets currently envisage the Pound firmed, consolidating gains accrued earlier in the week following the release of an upbeat UK labour market report. Yesterday’s Rightmove House Price data revealed property price gains of...

Source Feed: Forex Rate – Currency News
Categories: forex


Majors EUR/USD: SHORT AT 1.3618 FOR 1.3503 OBJECTIVE, STOP 1.3667 USD/JPY: SHORT AT 101.83 FOR... For more information, read our latest forex news and reports.

Source Feed: FXstreet.com
Categories: fxstreet reports


1mn with ForexSurvivor AUDUSD Break Eve, With the failed rally that hit a break eve point between... For more information, read our latest forex news and reports.

Source Feed: FXstreet.com
Categories: fxstreet reports

China released improved trade data that missed expectations on Thursday, figures that suggest... For more information, read our latest forex news and reports.

Source Feed: FXstreet.com
Categories: fxstreet reports


Having the past year’s best-performing major currency may become a burden for the U.K. economy,... For more information, read our latest forex news and reports.

Source Feed: FXstreet.com
Categories: fxstreet reports

Some Federal Reserve policy makers were concerned investors may be growing too complacent about the... For more information, read our latest forex news and reports.

Source Feed: FXstreet.com
Categories: fxstreet reports



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