Forex & Financial news and FxPro analytics

The UK boasts an impressive population vaccination rate, which is already paying off: the number of new daily deaths from coronavirus fell by three times over the month and almost six times for new daily cases. Therefore, the prospects of...

• NZDCHF under the strong bullish pressure • Likely to reach resistance 0.6800 NZDCHF under the strong bullish pressure after the active impulse wave 5 broke above the major resistance level 0.6660 (former multi-month high from the middle of 2019)....

• Corn reversed from key support level 530.00 • Likely to reach resistance 575.00 Corn recently reversed up from the key support level 530.00 (former resistance level from the middle of January – which stopped the previous impulse wave (3))....

• CADCHF broke resistance levels 0.7150 and 0.7200 • Likely to reach resistance 0.7250 CADCHF continues to rise sharply after the price broke the eth weekly up channel from last year and the resistance levels 0.7150 and 0.7200 (multi-month high...

• Chevron rising inside sharp impulse wave 3 • Likely to reach resistance 103.85 Chevron continues to rise inside the sharp impulse wave 3 – which previously broke above the major resistance level 95.00 (former monthly high from November, December...

The pressure on stock markets eased somewhat by the end of the day on Tuesday. The decline in Tesla shares was reduced from 13% to just 2% by the end of the day, and Apple almost clawed back all of...

• American approached long-term resistance level 137.60 • Likely to reach resistance 145.00 American express recently approached the key long-term resistance level 137.60 (which reversed the price in January and in February of 2020 –as can be seen below). The...

• Soy broke round resistance level 1400.00 • Likely to reach resistance 1435.00 Soy recently broke the round resistance level 1400.00 (which stopped the previous impulse wave (1) at the start of February –as can be seen below). The breakout...

• GBPCHF broke resistance level 1.2480 • Likely to reach resistance 1.2800 GBPCHF continues to rise strongly after the pair broke the resistance level 1.2480, intersecting with the 61.8% Fibonacci correction of the previous downward impulse from December. The breakout...

• EURCHF broke resistance area • Likely to reach resistance 1.0970 EURCHF under strong bullish pressure after the pair broke the resistance area lying between the resistance levels 1.0870 and 1.0900 (monthly high from June). The breakout of this resistance...

Fresh data from FHFA noted a 1.1% increase in house prices during December, and this is the seventh consecutive month of price increases of more than 1%. According to this metric, prices are now 11.4% higher than a year earlier....

The crypto market has turned red. On the second day of the week, digital currencies moved into a massive correction. Hardly anyone was surprised by the sell-off after such impressive growth; nevertheless, it is always much harder to accept the...