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Will economic stimulus be enough for saving global economy?

Jokes mixed with tears. The coronavirus became the main reason of the global recession, but when it was just starting to spread its tentacles around the world, stock indexes were slumping.  Now, when the number of the infected is growing by leaps and bounds, S&P 500 registers a 20% increase over the past three trading sessions.  Those who examine only charts may think the epidemic will save global economy. It might. One more week...

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

The XAU/USD pair is correcting, still likely to fall. Estimated pivot point is at a level of 1702.57.

Main scenario: short positions will be relevant from corrections below the level of 1702.57 with a target of 1450.00 – 1265.31.

Alternative scenario: breakout and consolidation above the level of 1702.57 will allow the pair to continue rising to the levels of 1750.00 – 1800.00.

Analysis: Supposedly, wave (B) of senior level is nearing completion on the daily time frame, with an...

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

The pair USD/JPY remains likely to fall. Estimated pivot point is at a level of 111.76.

Main scenario: short positions should be considered from corrections below the level of 111.76 with a target of 101.08 – 98.73.

Alternative scenario: breakout and consolidation above the level of 111.76 will allow the pair to continue rising to the levels of 114.53 – 118.00.

Analysis: On the daily time frame, supposedly, a big horizontal correction finished forming as a triangle-shaped wave (В) of...

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

The GBP/USD pair is in correction, still likely to fall. Estimated pivot point is at a level of 1.2528.

Main scenario: short positions will be relevant from corrections below the level of 1.2528 with a target of 1.1177 – 1.0687 once the correction is completed.

Alternative scenario: breakout and consolidation above the level of 1.2528 will allow the pair to continue the rise up to the levels of 1.3196 – 1.3509.

Analysis: Supposedly, the fifth wave of senior level V continues...

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

EUR/USD is correcting, still likely to fall. Estimated pivot point is at a level of 1.1167.

Main scenario: short positions should be considered from corrections below the level of 1.1167 with a target of 1.0500 – 1.0327.

Alternative scenario: breakout and consolidation above the level of 1.1167 will allow the pair to continue the rise up to the levels of 1.1500 – 1.1817

Analysis: Supposedly, the descending fifth wave of senior level (5) of С continues developing on the daily time...

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

The pair USDCHF remains likely to fall. Estimated pivot point is at a level of 0.9908.

Main scenario: short positions should be considered from corrections below the level of 0.9908 with a target of 0.9167 – 0.9000.

Alternative scenario: breakout and consolidation above the level of 0.9908 will allow the pair to continue the rise up to the levels of 1.0235 – 1.0425.

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

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

The USD/CAD pair is correcting, still likely to grow. Estimated pivot point is at a level of 1.3753.

Main scenario: long positions should be considered above the level of 1.3753 with a target of 1.4800 – 1.5000 once the correction has formed.

Alternative scenario: breakout and consolidation below the level of 1.3753 will allow the pair to continue declining to the levels of 1.3514 – 1.3310.

Analysis: On the D1 time frame, supposedly, a descending correction finished developing in the...

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

USCrude – oil  

Oil market situation is quite unusual. On the one hand, the rise is limited by the resistance [25.15 – 24.69]. On the other hand, the fall is limited by the support at [23.41 – 22.95]. Or, did it limit?

The traders are trying to consolidate below level 22.95. If they succeed, there will start a sell momentum. In this case, I suggest joining this down impulse and selling oil with the target at the low of March 23 and Target Zone 2 [18.76 – 18.30].

It will be relevant to...

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

EUR/USD is rising despite the difficult epidemiological situation and a deep recession of the euro area economy

While Rome burns, and not only Rome, the U.S. stock are rising against all the odds. Supported by large fiscal and monetary stimuli, the S&P 500 is 20% from the lows recorded in March, followed by the EUR/USD. Since the breakout of the resistance at 1.084 indicated a couple of days ago, the pair has been by 2.5 figures, and that is not the limit! Bulls are full of optimism, hoping...

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

The US Dollar is set to record its largest single week's decline in more than ten years after several of the world's global banks announced a concerted effort to provide liquidity.

Source Feed: DailyForex.com Forex News

Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave BTCUSD analysis



Within the large impulse wave A, there continues forming the upward corrective wave (4) of [3] as a triple zigzag. The sub-waves w, x, y and xx have completed. There is currently forming a bullish zigzag z, composed of sub-waves [a], [b] and [c]. Over the next few weeks, the upward impulse [c] of z should finish, next, the market could reverse and start a new downtrend, as it is outlined in the...

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

The US Dollar was lower versus the Japanese yen and Euro during London trade on Thursday as FX traders await today's release of US unemployment benefit claims.

Source Feed: DailyForex.com Forex News

According to the French official statistics agency (INSEE), economic activity and household spending in France is currently at about 65 percent of the usual activity levels

Source Feed: DailyForex.com Forex News


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According to sources, the head of the European Central Bank Christine Lagarde asked the European Union finance ministers on Tuesday evening to consider issuing bonds to face the effects of the coronavirus outbreak.

Source Feed: DailyForex.com Forex News

The US Dollar was broadly lower for a third straight day during London trade on Wednesday as the latest stopgap measures has been tentatively agreed to

Source Feed: DailyForex.com Forex News

Despite measures from the U.S. government to bailout the country’s economy, the U.S. dollar still shows potential for significant volatility in the coming days

Source Feed: DailyForex.com Forex News


The Pound Sterling was able to maintain its rally versus the US Dollar and remained steady against the common currency Euro during London trade on Tuesday.

Source Feed: DailyForex.com Forex News

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 Brexit controversy has run for over 3 years but is close to resolution as Britain goes to the polls. This might execute Britain’s departure from the EU.

Source Feed: DailyForex.com Forex Articles

Bitcoin reaches end of year 2019 multi-month lows. There are good reasons to expect the BTC price to begin a recovery from $5K to $6K and rise over 2020

Source Feed: DailyForex.com Forex Articles

Stock markets around the world started to price in the optimism of a phase one trade deal in early November, seeing record highs as we approached the traditional ‘Santa rally’ of December.

Source Feed: DailyForex.com Forex Articles

Brexit has started to resemble a protracted family row in which too many hurtful things have been said. Giles Coghlan, Chief Currency Analyst at HYCM discusses what's in store for Brexit 2020 here.

Source Feed: DailyForex.com Forex Articles

The regulation in Australia is market friendly, thus, attracting Forex brokers. Also, ASIC is permitting brokers to utilize a max. leverage which remains at 1:500

Source Feed: DailyForex.com Forex Articles

Ichimoku Kinko Hyo is a technical indicator, created in Japan. It’s applied to trading charts, but most traders are likely to be confused by this 5-part indicator.

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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