Start Trading Now
Invest Responsibly:
Trading CFDs involves significant risks.
June 01, 2023 @ 20:27 +03:00
– USDCAD reversed from resistance level 1.3625 – Likely to fall to support level 1.3400 USDCAD currency pair recently reversed down from the key resistance level 1.3625 (which stopped the previous waves (i) and (b)). The downward reversal from the...
June 01, 2023 @ 20:26 +03:00
– AUDCHF reversed from key support level 0.5875 – Likely to rise to resistance level 0.6000 AUDCHF currency pair recently reversed up from the key support level 0.5875 (which has been steadily reversing the pair from the end of...
June 01, 2023 @ 17:27 +03:00
The US will release its official labour market report tomorrow, and traders are busy analysing data from related indicators, which consistently point to a market improvement rather than a looming recession. The fast-growing indicator for new vacancies rose again in...
June 01, 2023 @ 14:36 +03:00
The euro is hovering around the $1.07 level, barely recovering above that mark on Thursday morning despite a sharper-than-expected drop in inflation. Eurostat’s preliminary estimate showed a decline in annual inflation in May to 6.1% from 7.0% in April. Economists...
June 01, 2023 @ 12:16 +03:00
Market picture The crypto market has lost another 0.8% of its capitalisation in the last 24 hours, rolling back to $1,128, where it was last Friday. Bitcoin is down 1.4%, Ether is down 0.8%, and the top altcoins are mostly...
May 31, 2023 @ 20:57 +03:00
– Brent reversed from key support level 72.00 – Likely to rise to resistance level 76.00 Brent crude oil recently reversed up from the key support level 72.00 (which stopped the previous waves 5 and (2)). The upward reversal from...
May 31, 2023 @ 20:56 +03:00
– EURJPY reversed from resistance level 151.35 – Likely to fall to support level 148.00 EURJPY currency pair recently reversed down with the daily Shooting Star from the key resistance level 151.35 (top of the previous minor impulse wave 3...
May 31, 2023 @ 20:55 +03:00
– AUDUSD reversed from resistance level 0.6565 – Likely to fall to support level 0.6400 AUDUSD currency pair recently reversed down from the key resistance level 0.6565 (former strong support from March and April, acting as the resistance after it...
May 31, 2023 @ 17:09 +03:00
Consumer prices in Germany fell by 0.1% in May, compared with a rise of 0.2% forecasted by analysts, according to a preliminary estimate by Destatis. Year-over-year inflation in Europe’s largest economy slowed to 6.1% from 7.2%, the lowest rate since...
May 31, 2023 @ 13:36 +03:00
Weak Chinese manufacturing data put pressure on the single currency as Europe, particularly Germany, is highly correlated with China. However, the Eurozone’s data is not so bad today. The number of unemployed in Germany rose by 9K, down from 23K...
May 31, 2023 @ 11:53 +03:00
The official services and manufacturing PMIs were much weaker than expected, adding to the move into defensive assets on concerns over China’s economy. The Manufacturing PMI fell from 49.2 to 48.8 instead of the expected 49.5. Readings below 50 indicate...