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Dollar weak vs. euro; Trump news conference on China on tap

The dollar extended its slide against a surging euro on Friday, hurt by month-end flows and as the common currency continued to enjoy a boost from the European Union’s recently announced plan to prop up the bloc’s coronavirus-hit economies with...

Dollar weak vs. euro; Trump news conference on China on tap
U.S. Consumer Spending Plunges While Stimulus Boosts Incomes

U.S. consumer spending plunged in April by the most on record as widespread government lockdowns largely prevented Americans from spending federal stimulus payments in the month. Household outlays fell 13.6% from the prior month, the sharpest drop in more than...

Americans unprecedentedly saved in April, and that isn’t good

April data on personal spending and income in the United States showed a very wary mood of the Americans. A recent publication notes revenue growth of 10.5% in April (vs -7% expected) after a decrease of 2.2% in March. But...

Silver Wave Analysis – 29 May, 2020

• Silver broke resistance level 17.50• Likely to rise to 18.90 Silver recently broke above the multi-month resistance level 17.50 (former strong support from January and February) – which has been reversing the price from the start of March. The...

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Crypto Review

Bitcoin growth and whales big transfers
Bitcoin growth and whales big transfers

During the last 24 hours, bitcoin has increased by 4% to $9,500 with a similar rise in trading volumes. This growth coincided with a significant transaction of whales. According to WhaleAlert, 11,660 BTC ($111,259,669) were transferred between two unknown wallets....

Is Bitcoin the new Netscape?
Is Bitcoin the new Netscape?

Bitcoin is again above $9K, but there is not much excitement among market participants. Everything is easy to explain: bulls and bears are too often playing tug-of-war near this level. This sideways price trend with short-term rebounds and drops lasts...

Bit-comment: Bitcoin develop its decline
Bit-comment: Bitcoin develop its decline

Bitcoin was still unable to overcome $9K gravity yesterday. For the first crypto-coin, ever lower resistance levels often turn out to be a pretty adverse scenario. Bitcoin loses about 1% per day and trades around $8,850 with a further decrease...

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Market Snapshots

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Silver Wave Analysis – 29 May, 2020
Silver Wave Analysis – 29 May, 2020

• Silver broke resistance level 17.50• Likely to rise to 18.90 Silver recently broke above the multi-month resistance level 17.50 (former strong support from January and February) – which has been reversing the price from the start of March. The...

USDJPY Wave Analysis – 29 May, 2020
USDJPY Wave Analysis – 29 May, 2020

• USDJPY reversed from resistance area• Likely to fall to 106.80 USDJPY recently reversed down from the resistance zone located between the pivotal resistance level 108.00 (top of the previous waves (a), (ii) and 1) and the upper daily Bollinger...

CADJPY Wave Analysis – 29 May, 2020
CADJPY Wave Analysis – 29 May, 2020

• CADJPY reversed from resistance area• Likely to fall to 77.00 CADJPY recently reversed down from the resistance area lying between the resistance level 78.25 (which has been reversing the price from the start of March), upper daily Bollinger band...

EURNZD Wave Analysis – 29 May, 2020
EURNZD Wave Analysis – 29 May, 2020

• EURNZD reversed from support area• Likely to rise to 1.8000 EURNZD rising after the earlier upward reversal from the support area lying between the key support level 1.7645 (which has been reversing the price from March) and the lower...

Gold Wave Analysis – 29 May, 2020
Gold Wave Analysis – 29 May, 2020

• Gold reversed from support level 1695.00• Likely to rise to 1766.13 Gold recently reversed up from the key support level 1695.00, intersecting with the 38.2% Fibonacci correction of the previous sharp upward impulse from March. The upward reversal from...

Corn Wave Analysis – 28 May, 2020
Corn Wave Analysis – 28 May, 2020

• Corn rising inside weekly correction (4) • Likely to rise to 330.00 Corn continues to rise inside the weekly upward correction (4) – which started earlier from the powerful round support level 300.00 The upward reversal from the support...

EURUSD Wave Analysis – 28 May, 2020
EURUSD Wave Analysis – 28 May, 2020

• EURUSD broke key resistance level 1.1000 • Likely to rise to 1.1150 EURUSD today broke above the key resistance level 1.1000 (which stopped the two previous waves (i) and a – in April and March respectively). The breakout of...

EURCAD Wave Analysis – 28 May, 2020
EURCAD Wave Analysis – 28 May, 2020

• EURCAD reversed from pivotal support level 1.5100 • Likely to rise to 1.5320 EURCAD recently reversed up from the pivotal support level 1.5100 (which stopped the previous waves 2 and (a)) intersecting with the lower daily Bollinger Band. The...

EURCHF Wave Analysis – 28 May, 2020
EURCHF Wave Analysis – 28 May, 2020

• EURCHF broke key resistance level 1.0645 • Likely to rise to 1.0725 EURCHF continues to rise strongly after the earlier breakout of the key resistance level 1.0645 (which has been reversing the price from the start of March, as...

Amazon Wave Analysis – 28 May, 2020
Amazon Wave Analysis – 28 May, 2020

• Amazon reversed from support area • Likely to rise to 2525.00 Amazon rising steadily after the yesterday’s sharp upward reversal from the support area lying between the support level 2340.00 (low of wave B) and the lower daily Bollinger...

AUDCAD Wave Analysis – 27 May, 2020
AUDCAD Wave Analysis – 27 May, 2020

• AUDCAD reversed from resistance level 0.9200 • Likely to fall to 0.9030 AUDCAD recently reversed down sharply from the resistance zone lying between the resistance level 0.9200 (set as the likely upward target in the previous report for this...

Adobe Wave Analysis – 27 May, 2020
Adobe Wave Analysis – 27 May, 2020

• Adobe reversed from strong resistance level 386.50 • Likely to fall to 350.00 Adobe recently reversed down sharply from the strong resistance level 386.50 (which stopped the previous sharp upward impulse wave (5) in the middle of February), intersecting...

EURAUD Wave Analysis – 27 May, 2020
EURAUD Wave Analysis – 27 May, 2020

• EURAUD reversed from support level 1.6500 • Likely to rise to 1.6845 EURAUD recently reversed up from the pivotal support level 1.6500 (which has been reversing the price from the end of April), standing close to the lower daily...

NZDCAD Wave Analysis – 27 May, 2020
NZDCAD Wave Analysis – 27 May, 2020

• NZDCAD reversed from key resistance level 0.8570 • Likely to fall to 0.8450 NZDCAD recently reversed down from the key resistance level 0.8570, standing close to the upper daily Bollinger Band. The downward reversal from the resistance level 0.8570...

Copper Wave Analysis – 26 May, 2020
Copper Wave Analysis – 26 May, 2020

• Copper reversed from support area • Likely to rise to 246.40 Copper recently reversed up from the support area lying between the support level 239,00, lower trendline of the daily up channel from April and the 50% Fibonacci correction...

NZDUSD Wave Analysis – 26 May, 2020
NZDUSD Wave Analysis – 26 May, 2020

• NZDUSD broke resistance level 0.6145 • Likely to rise to 0.6300 NZDUSD recently broke through the resistance level 0.6145 (which stopped the previous waves A and (b)) intersecting with the lower trendline of the wide down channel from the...

NZDJPY Wave Analysis – 26 May, 2020
NZDJPY Wave Analysis – 26 May, 2020

• NZDJPY broke key resistance level 66.20 • Likely to rise to 68,00 NZDJPY recently broke above the key resistance level 66.20 – which is the upper boundary of the sideways price range inside which the pair has been trading...

S&P 500 Wave Analysis – 26 May, 2020
S&P 500 Wave Analysis – 26 May, 2020

• S&P 500 broke resistance area • Likely to rise to 3100.00 S&P 500 under bullish pressure after the earlier breakout of the resistance area lying between the key resistance level 2950,00 and the 61,8% Fibonacci correction of the previous...

Nikkei 225 Wave Analysis – 25 May, 2020
Nikkei 225 Wave Analysis – 25 May, 2020

• Nikkei 225 broke key resistance level 20600,00, • Likely to rise to 21500,00 Nikkei 225 recently broke above the key resistance level 20600,00, intersecting with the 61,8 % Fibonacci retracement of the previous sharp downward impulse wave from the...

AUDJPY Wave Analysis – 25 May, 2020
AUDJPY Wave Analysis – 25 May, 2020

• AUDJPY reversed from support level 70,00 • Likely to rise to 72,50 AUDJPY recently reversed up from the pivotal support level 70,00 (former strong resistance level which stopped the previous waves A and (i), as can be seen below)....

AUDCAD Wave Analysis – 25 May, 2020
AUDCAD Wave Analysis – 25 May, 2020

• AUDCAD reversed from support level 0.9125 • Likely to rise to 0,9200 AUDCAD recently reversed up from the key support level 0.9125 (former strong resistance level which stopped the previous impulse waves (iii) and (v), as can be seen...

Natural Gas Wave Analysis – 25 May, 2020
Natural Gas Wave Analysis – 25 May, 2020

• Natural Gas falling inside short-term impulse wave 3 • Likely to fall to 1,5920 Natural Gas continues to fall inside the short-term impulse wave 3, which started earlier when the price reversed down from the resistance level 1.873, intersecting...

Department of Labor : 39 million Americans have lost their jobs in just nine weeks
Department of Labor : 39 million Americans have lost their jobs in just nine weeks

Another 2.4 million Americans filed for unemployment insurance last week even as states across the US began opening up for business again, betting that the coronavirus pandemic is now under control. The latest figures from the Department of Labor mean...

Soy Wave Analysis – 22 May, 2020
Soy Wave Analysis – 22 May, 2020

• Soy broke daily up channel • Likely to fall to 822.65 Soy recently broke the well-formed daily up channel from April (which encloses the previous medium-term ABC correction (2)) The breakout of this up channel should accelerate the active...

NZDCAD Wave Analysis – 22 May, 2020
NZDCAD Wave Analysis – 22 May, 2020

• NZDCAD reversed from resistance area • Likely to fall to 0.8500 NZDCAD today corrected down from the resistance area lying between the key resistance level 0.8570 (which stopped the previous waves (A) and B, as can be seen below)...

USDCAD Wave Analysis – 22 May, 2020
USDCAD Wave Analysis – 22 May, 2020

• USDCAD reversed from support area • Likely to rise to 1.4165 USDCAD recently reversed up from the support area lying between the pivotal support level 1.3870 (which stopped the two previous waves (a) and (c)) and lower daily Bollinger...

AUDUSD Wave Analysis – 22 May, 2020
AUDUSD Wave Analysis – 22 May, 2020

• AUDUSD reversed from resistance area • Likely to fall to 0.6400 AUDUSD recently reversed down from the resistance area lying between the resistance level 0.6600 and the upper daily Bollinger Band. The downward reversal from this resistance area started...

Baidu Wave Analysis – 22 May, 2020
Baidu Wave Analysis – 22 May, 2020

• Baidu reversed from key resistance level 120.00 • Likely to fall to 100.00 Baidu recently reversed down sharply from the key resistance level 120.00 – standing well outside of the upper daily Bollinger Band. The downward reversal from the...

Wheat Wave Analysis – 21 May, 2020
Wheat Wave Analysis – 21 May, 2020

• Wheat broke daily down channel • Likely to rise to 526.40 Wheat recently reversed up sharply from the key multi-month support level 495.00 and the lower daily Bollinger Band. The price earlier broke the resistance trendline of the narrow...

NZDCHF Wave Analysis – 21 May, 2020
NZDCHF Wave Analysis – 21 May, 2020

• NZDCHF rising inside short-term correction • Likely to rise to 0.5970 NZDCHF continues to rise inside the short-term upward correction which started earlier from the support zone lying between the support level 0.5760 and the lower daily Bollinger Band....

GBPNZD Wave Analysis – 21 May, 2020
GBPNZD Wave Analysis – 21 May, 2020

• GBPNZD reversed from long-term support level 1.9900 • Likely to rise to 2.0120 GBPNZD recently reversed up from the long-term support level 1.9900 (which reversed the price sharply in the middle of March), standing near the lower daily Bollinger...

CHFJPY Wave Analysis – 21 May, 2020
CHFJPY Wave Analysis – 21 May, 2020

• CHFJPY reversed from resistance level 111.50 • Likely to fall to 111,00 CHFJPY recently reversed down from the resistance level 111.50 (top of the previous wave (iv)) intersecting with the 50% Fibonacci retracement of the previous downward impulse C...

Bank of America Wave Analysis – 21 May, 2020
Bank of America Wave Analysis – 21 May, 2020

• Bank of America reversed from support area • Likely to rise to 25,00 Bank of America recently reversed up from the support area lying between the support level 21,00 (low of the previous wave 1), lower daily Bollinger Band...

Platinum Wave Analysis – 20 May, 2020
Platinum Wave Analysis – 20 May, 2020

• Platinum broke resistance level 840.00 • Likely to rise to 900.00 Platinum recently broke the resistance level 792.00 intersecting with the 50% Fibonacci retracement of the previous sharp downward impulse from February. The breakout of the resistance level 792.00...

Coca-Cola Wave Analysis – 20 May, 2020
Coca-Cola Wave Analysis – 20 May, 2020

• Coca-Cola broke daily Falling Wedge • Likely to rise to 48.00 Coca-Cola continues to rise inside the sharp corrective wave 2 which started earlier from the support area lying between the key support level 43.45, the lower daily Bollinger...

USDJPY Wave Analysis – 20 May, 2020
USDJPY Wave Analysis – 20 May, 2020

• USDJPY reversed from resistance zone • Likely to fall to 107.00 USDJPY recently reversed down from the resistance zone lying between the key resistance level 107.90 (which has been reversing the price forms April), upper daily Bollinger Band and...

USDCHF Wave Analysis – 20 May, 2020
USDCHF Wave Analysis – 20 May, 2020

• USDCHF falling inside sideways price range • Likely to fall to 0.9600 USDCHF recently reversed down from the resistance zone lying between the pivotal resistance level 0.9800 (upper boundary of the sideways price range from the start of April)...

GBPJPY Wave Analysis – 19 May, 2020
GBPJPY Wave Analysis – 19 May, 2020

• GBPJPY reversed from support zone • Likely to rise to 133.00 GBPJPY recently reversed up from the support zone lying between the round support level 130.00, lower daily Bollinger Band and the 50% Fibonacci correction of the previous upward...

Alibaba Wave Analysis – 19 May, 2020
Alibaba Wave Analysis – 19 May, 2020

• Alibaba broke pivotal resistance level 215.00 • Likely to rise to 225.00 Alibaba today broke the pivotal resistance level 215.00 (which stopped the previous sharp upward waves 2, (iv) and (1), as can be seen on the daily Alibaba...

USDCAD Wave Analysis – 19 May, 2020
USDCAD Wave Analysis – 19 May, 2020

• USDCAD broke support level 1.3915 • Likely to fall to 1.3835 USDCAD today broke the key support level 1.3915 (low of the previous Bullish Engulfing from the start of May), – which follows the breakout of the 38.2% Fibonacci...

EURNZD Wave Analysis – 19 May, 2020
EURNZD Wave Analysis – 19 May, 2020

• EURNZD under bearish pressure • Likely to fall to 1.7695 EURNZD has been under bearish pressure after the price reversed down from the resistance zone lying between the resistance level 1.8270 (which has been reversing the price from the...

WTI Wave Analysis – 18 May, 2020
WTI Wave Analysis – 18 May, 2020

• WTI under bullish pressure • Likely to rise to 35.00 WTI has been under bullish pressure after the price broke the resistance zone located between the resistance level 29.17 (top of the previous waves 4 and (ii)) and the...

NZDUSD Wave Analysis – 18 May, 2020
NZDUSD Wave Analysis – 18 May, 2020

• NZDUSD reversed sharply from support zone • Likely to rise to .6145 NZDUSD today reversed up sharply from the support zone located between the key support level 0.5923 (which created two consecutive Morning Stars in April), lower daily Bollinger...

EURCHF Wave Analysis – 18 May, 2020
EURCHF Wave Analysis – 18 May, 2020

• EURCHF reversed from support area • Likely to rise to 1.0550 EURCHF today reversed up from the support zone located between the pivotal support level 1.0504 (which stopped the earlier downtrend in April) and the lower daily Bollinger band....

NZDJPY Wave Analysis – 18 May, 2020
NZDJPY Wave Analysis – 18 May, 2020

• NZDJPY reversed from support area • Likely to rise to 65.70 NZDJPY today reversed up from the support area lying between the support level 63.60 (lower boundary of the sideways price range from March), lower daily Bollinger band and...

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Brokers News

Memorial Day: trading time schedule changes
Memorial Day: trading time schedule changes

On Monday, May 25, the following instruments will not be available for trading: CFDs on US Shares and UK Shares CFDs on Indices Futures CFDs on Spot Indices CFDs on Agricultural Commodities FuturesPlease see the details in the FxPro Market...

Labour Day: trading time schedule changes
Labour Day: trading time schedule changes

On Friday, May 1st, the following instruments will not be available for trading: – CFDs on French and German Shares – CFDs on Indices Futures – CFDs on Spot Indices Please see the details in the FxPro Market Holidays calendar...

Trading schedule changes due to Easter holidays
Trading schedule changes due to Easter holidays

Please pay attention that on April 09-13, 2020, the trading schedule for several instruments will be changed due to Good Friday and the following Easter holidays. The above schedule may be subject to change. You can see more information on...

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Brexit

Pound Heads for Worst Monthly Slide This Year
Pound Heads for Worst Monthly Slide This Year

The pound is heading for this year’s fourth monthly slide, and a lengthening list of risks is pointing to more turbulence in June. Sterling traders look set to face heightened uncertainty on multiple fronts next month — the end-June deadline...

EU faces gap between 60 and 75 billion because of Brexit
EU faces gap between 60 and 75 billion because of Brexit

Where will the money come from? This is the contentious question that the EU needs to answer every seven years — and this time around, the issue is even more complicated. The U.K., which has been one of the EU’s...

U.K. Economy Avoids Contraction Amid Post-Election Bounce
U.K. Economy Avoids Contraction Amid Post-Election Bounce

The U.K. economy narrowly avoided a contraction in the fourth quarter, adding to evidence of a pickup following Boris Johnson’s election win. Gross domestic product was unchanged from the third quarter, as forecast by economists in a Bloomberg survey. December...

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