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ECB May Opt for 12-Month Extension to Emergency Bond Program

European Central Bank policy makers would probably agree to extend their pandemic bond-buying program by a full year until the middle of 2022 if that is proposed by the Executive Board next week, according to officials familiar with the situation....

ECB May Opt for 12-Month Extension to Emergency Bond Program
Dow rises 150 points, S&P 500 hits fresh record high despite disappointing U.S. jobs report

Stocks rose slightly on Friday as traders pored through the latest U.S. jobs report, putting the major averages on pace for another weekly advance. The Dow Jones Industrial Average traded higher by 150 points, or 0.5%. The S&P 500 gained...

GBPNZD Wave Analysis 4 December, 2020

• GBPNZD reversed from strong support zone • Likely to rise to 1.9270 GBPNZD previously reversed up sharply – after the pair failed to break below the major support zone located between the support levels 1.9000 and 1.9050. The upward...

Platinum Wave Analysis 4 December, 2020

• Platinum rising inside impulse waves 3, (5) • Likely to reach 1150.00 Platinum continues to rise strongly after the price broke above the powerful long-term resistance level 1033.00 (which stopped the previous multi-month uptrends in January and March). The...

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Crypto Review

Bitcoin is heading for all-time high
Bitcoin is heading for all-time high

Bitcoin fully offset the recent wave of decline, showing a 5% increase over the last 7 days. If we take current price dynamic, the first cryptocurrency has grown by 7% and changes hands for $19,500. The coin has quickly overcome...

Bitcoin: time to be greedy when everyone is scared?
Bitcoin: time to be greedy when everyone is scared?

The crypto market has started a healthful correction. Crypto prices can show sharp fluctuations, so the main thing to know is that this stage was needed to continue the rally. Technical indicators have been in the extreme overbought territory for...

Bitcoin strives for maximums but finds itself in the shadow of altcoins
Bitcoin strives for maximums but finds itself in the shadow of altcoins

Over the week, the total crypto capitalization spiked by $82 billion to $545 billion. Such an impressive growth in capitalization is associated with the increase in the value of digital currencies, as well as the emergence of new buyers in...

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GBPNZD Wave Analysis 4 December, 2020
GBPNZD Wave Analysis 4 December, 2020

• GBPNZD reversed from strong support zone • Likely to rise to 1.9270 GBPNZD previously reversed up sharply – after the pair failed to break below the major support zone located between the support levels 1.9000 and 1.9050. The upward...

Platinum Wave Analysis 4 December, 2020
Platinum Wave Analysis 4 December, 2020

• Platinum rising inside impulse waves 3, (5) • Likely to reach 1150.00 Platinum continues to rise strongly after the price broke above the powerful long-term resistance level 1033.00 (which stopped the previous multi-month uptrends in January and March). The...

CHFJPY Wave Analysis 4 December, 2020
CHFJPY Wave Analysis 4 December, 2020

• CHFJPY broke resistance level 116.20 • Likely to rise to 117.30 CHFJPY continues to rise after the price broke the pivotal resistance level 116.20 (which has been reversing the  pair from the start of October). The breakout of the...

USDCAD Wave Analysis 4 December, 2020
USDCAD Wave Analysis 4 December, 2020

• USDCAD broke key support level 1.2940 • Likely to fall to 1.2700 USDCAD continues to fall strongly after the pair broke below the key support level 1.2940 (which stopped the previous minor impulse wave 1 in November). The breakout...

Starbucks Wave Analysis 4 December, 2020
Starbucks Wave Analysis 4 December, 2020

• Starbucks broke round resistance level 100.0 • Likely to rise to 105.00 Starbucks continues to rise strongly after the price broke above the major round resistance level 100.00 (which stopped the sharp uptrend in the middle of 2019). The breakout of...

GBPAUD Wave Analysis 3 December, 2020
GBPAUD Wave Analysis 3 December, 2020

• GBPAUD reversed from key support level 1.8000 • Likely to rise to 1.8280 GBPAUD today reversed up once again from the key support level 1.8000 (which has been reversing the price from the start of October as can be...

Sugar Wave Analysis 3 December, 2020
Sugar Wave Analysis 3 December, 2020

• Sugar reversed from support zone • Likely to rise to 15.50 Sugar earlier reversed up with two daily Doji from the support zone set between the pivotal support level 14.50 (which has been reversing the price from October), lower...

EURUSD Wave Analysis 3 December, 2020
EURUSD Wave Analysis 3 December, 2020

• EURUSD rising inside impulse waves 3 and (C) • Likely to rise to 1.2300 EURUSD continues to rise inside the sharp upward impulse wave 3 – which previously broke above the powerful resistance level 1.200. The breakout of the...

EURCAD Wave Analysis 3 December, 2020
EURCAD Wave Analysis 3 December, 2020

• EURCAD broke key resistance level 1.5660 • Likely to rise to 1.5745 EURCAD recently broke above the key resistance level 1.5660 (which reversed the price twice in October as can be seen from the daily EURCAD chart below). The...

HP Wave Analysis 3 December, 2020
HP Wave Analysis 3 December, 2020

• HP reversed from support level 22.00 • Likely to rise to 24.00 HP previously reversed up from the key support level 22.00 (former resistance from March – acting as support after this price was broken by the previous impulse...

GBPCHF Wave Analysis 2 December, 2020
GBPCHF Wave Analysis 2 December, 2020

• GBPCHF broke round support level 1.2000 • Likely to fall to 1.1800 GBPCHF recently broke the round support level 1.2000 (low of the previous minor impulse wave (i)) intersecting with the 50% Fibonacci correction level of the previous sharp...

USDCHF Wave Analysis 2 December, 2020
USDCHF Wave Analysis 2 December, 2020

• USDCHF broke round support level 0.9000 • Likely to fall to 0.8900 USDCHF recently broke the round support level 0.9000 (which has previously reversed all sharp downward impulses from the end of August – as can be seen from...

EURJPY Wave Analysis 2 December, 2020
EURJPY Wave Analysis 2 December, 2020

• EURJPY broke pivotal resistance level 125.00 • Likely to rise to 127.00 EURJPY recently broke above the pivotal resistance level 125.00 (which has been reversing the price from the start for October as can be seen below). The breakout...

Cotton Wave Analysis 2 December, 2020
Cotton Wave Analysis 2 December, 2020

• Cotton falling inside wave (ii) • Likely to reach 70.00 Cotton continues to decline – after the price failed to hold the ground above the major resistance level 72.00 – which stopped the two previous sharp uptrends in October...

Silver Wave Analysis 1 December, 2020
Silver Wave Analysis 1 December, 2020

• Silver reversed from support area • Likely to test next resistance level 25.00 Silver recently reversed up sharply from the support area lying between the support levels 21.80 and 22.60 (which have been reversing the price from July). This...

AUDCHF Wave Analysis 1 December, 2020
AUDCHF Wave Analysis 1 December, 2020

• AUDCHF reversed from major resistance level 0.6700 • Likely to fall to 0.6600 AUDCHF continues to fall after the pair failed to break above the multi-month resistance level 0.6700 (which has been reversing the pair from June) – standing...

AUDNZD Wave Analysis 1 December, 2020
AUDNZD Wave Analysis 1 December, 2020

• AUDNZD reversed from key resistance level 1.0550 • Likely to fall to 1.0400 AUDNZD recently reversed down from the key resistance level 1.0550 (former major support level which also reversed the pair in the middle of July) The downward...

Cisco Systems Wave Analysis 1 December, 2020
Cisco Systems Wave Analysis 1 December, 2020

• Cisco Systems broke resistance area • Likely to rise to resistance level 45.00 Cisco Systems recently broke the resistance area lying between the resistance level 42.40 (former monthly high from September) and the 50% Fibonacci retracement of the downward...

EURAUD Wave Analysis 30 November, 2020
EURAUD Wave Analysis 30 November, 2020

• EURAUD reversed from support level 1.6140 • Likely to rise to 1.6345 EURAUD recently reversed up from the powerful support level 1.6140 (which has been reversing the price from the start of June, as can be seen below) strengthened...

Soy Wave Analysis 30 November, 2020
Soy Wave Analysis 30 November, 2020

• Soy reversed from long-term resistance level 1200.00 • Likely to correct down to 1200.00 Soy recently reversed down from the key resistance level 1200.00 (former multi-year high from the middle of 2016) intersecting with the upper daily and weekly...

GBPAUD Wave Analysis 30 November, 2020
GBPAUD Wave Analysis 30 November, 2020

• GBPAUD reversed from support level 1.8000 • Likely to rise to 1.8280 GBPAUD earlier reversed up from the round support level 1.8000 (which has been reversing the price from the start of October, as can be seen below) intersecting...

Fedex Wave Analysis 30 November, 2020
Fedex Wave Analysis 30 November, 2020

• Fedex reversed from resistance level 294.00 • Likely to fall to 280.00 Fedex recently reversed down from the key resistance level 294.00 (which stopped the sharp uptrend in the middle of October) standing close to the upper daily Bollinger...

AUDUSD Wave Analysis 27 November, 2020
AUDUSD Wave Analysis 27 November, 2020

• AUDUSD approaching key resistance level 0.7410 • Likely to rise to 0.7600 AUDUSD continues to rise inside the medium-term upward impulse wave (3) which started earlier from the key support level 0.7240 (former monthly high from October). The pair...

Silver Wave Analysis 27 November, 2020
Silver Wave Analysis 27 November, 2020

• Silver broke key support level 22.80 • Likely to fall to 21.65 Silver recently broke the key support level 22.80 (which stopped the previous minor corrections (ii) and (iv)), intersecting with the support trendline of the daily up channel...

EURGBP Wave Analysis 27 November, 2020
EURGBP Wave Analysis 27 November, 2020

• EURGBP reversed from support level 0.8865 • Likely to rise to 0.9000 EURGBP recently reversed up from the key support level 0.8865 (which has been repeatedly reversing this currency pair from the start of June, as can be seen...

GBPCAD Wave Analysis 27 November, 2020
GBPCAD Wave Analysis 27 November, 2020

• GBPCAD reversed from key resistance level 1.7470 • Likely to fall to 1.7200 GBPCAD recently reversed down with the daily Shooting Star from the key resistance level 1.7470 (which also earlier reversed the price multiple times in August). The...

Vale Wave Analysis 27 November, 2020
Vale Wave Analysis 27 November, 2020

• Vale rising inside weekly upward impulse sequence (3) • Likely to reach 15.40 Vale opened with the upward gap following the earlier breakout of the two powerful resistance levels 13.60 (monthly high from January) and 14.15 (former multi-month high...

Copper Wave Analysis 26 November, 2020
Copper Wave Analysis 26 November, 2020

• Copper rising inside impulse waves (iii), 3 and (3) • Likely to reach 350,00 Copper continues to rise inside the sharp upward impulse waves (iii), 3 and (3) – which previously broke above the key resistance 320,00 (which stopped...

GBPNZD Wave Analysis 26 November, 2020
GBPNZD Wave Analysis 26 November, 2020

• GBPNZD under bearish pressure • Likely to fall to 1,9000 GBPNZD under bearish pressure after the earlier conclusive breakout of the key support 1.9110 (which has been reversing the price from the middle of July). The breakout of the...

GBPCHF Wave Analysis 26 November, 2020
GBPCHF Wave Analysis 26 November, 2020

• GBPCHF reversed from long-term resistance level 1.2200 • Likely to fall to 1.2030 GBPCHF recently reversed down from the strong long-term resistance level 1.2200 (which has been repeatedly reversing this currency pair from the end of April as can...

EURCHF Wave Analysis 26 November, 2020
EURCHF Wave Analysis 26 November, 2020

• EURCHF reversed from resistance level 1.0880 • Likely to fall to 1.0785 EURCHF previously reversed down from the key resistance level 1.0880 (which has been reversing this currency pair from the start of July), standing near the upper daily...

Morgan Stanley Wave Analysis 26 November, 2020
Morgan Stanley Wave Analysis 26 November, 2020

• Morgan Stanley reversed from support level 57,50 • Likely to rise to 67,5 Morgan Stanley earlier reversed up from the key support level 57,50 (former multi-month high from January) – which signalled the continuation of the active impulse waves...

The easiest part of Oil’s recovery may be over
The easiest part of Oil’s recovery may be over

Oil is developing a growth on Thursday morning, increasing more than 8% so far this week and adding one third from the lows at the beginning of the month. Brent’s growth momentum yesterday and the renewal of highs since March...

NZDUSD Wave Analysis 25 November, 2020
NZDUSD Wave Analysis 25 November, 2020

• NZDUSD continues multi-month uptrend • Likely to rise to 0.7100 NZDUSD continues to rise inside the minor upward impulse sequence 3, which earlier reversed up sharply from the support level 0.6900, intersecting with the upper trendline of the daily...

USDCAD Wave Analysis 25 November, 2020
USDCAD Wave Analysis 25 November, 2020

• USDCAD reversed from key support level 1.3000 • Likely to rise to 1.3165 USDCAD previously reversed up from the key support level 1.3000, which has been reversing this currency pair from the end of August (as can be seen...

Brent Wave Analysis 25 November, 2020
Brent Wave Analysis 25 November, 2020

• Brent rising inside impulse wave C • Likely to rise to 50.00 Brent continues to rise inside the sharp upward impulse wave C, which previously broke the powerful resistance level 46.60 (monthly high from August) and the resistance trendline...

Sugar Wave Analysis 25 November, 2020
Sugar Wave Analysis 25 November, 2020

• Sugar falling inside minor impulse wave 1 • Likely to reach 14.500 Sugar continues to fall inside the minor impulse wave 1 which started previously from the powerful resistance area near the key resistance level 15.50. The resistance area...

AUS200 Wave Analysis 24 November, 2020
AUS200 Wave Analysis 24 November, 2020

• AUS200 rising inside impulse 3   • Likely to reach 7000.00 AUS200 has been rising strongly in the last few trading sessions inside the impulse 3 of the intermediate impulse sequence (C) from the middle of September. The index...

CHFJPY Wave Analysis 24 November, 2020
CHFJPY Wave Analysis 24 November, 2020

• CHFJPY reversed from key support level 113.80 • Likely to rise to 115.00 CHFJPY previously reversed up from the key support level 113.80 (low of the previous minor correction (a)) – strengthened by the lower daily Bollinger Band. The...

Gold Wave Analysis 24 November, 2020
Gold Wave Analysis 24 November, 2020

• Gold broke support zone • Likely to fall to 1763.00 Gold recently broke the support zone located at the intersection of the powerful support level 1850.00 and the Fibonacci cluster made out of the 38.2% and 61.8% Fibonacci retracement...

Alcoa Wave Analysis 24 November, 2020
Alcoa Wave Analysis 24 November, 2020

• Alcoa rising inside impulse wave C • Likely to reach 22.00 Alcoa continues to rise inside the sharp upward impulse wave C – which is a part of the intermediate impulse sequence (B) from March. The price earlier broke...

Cotton Wave Analysis 23 November, 2020
Cotton Wave Analysis 23 November, 2020

• Cotton broke daily Triangle • Likely to rise to 72.00 Cotton recently broke the resistance trendline of the short-term daily Triangle from the end of October. The breakout of this Triangle continues the active sharp daily uptrend and the...

GBPCAD Wave Analysis 23 November, 2020
GBPCAD Wave Analysis 23 November, 2020

• GBPCAD broke resistance area • Likely to rise to 1.7550 GBPCAD recently broke sharply through the resistance area locate between the resistance level 1.7350 (former monthly high from October) and the 61.8% Fibonacci correction of the previous ABC wave...

GBPUSD Wave Analysis 23 November, 2020
GBPUSD Wave Analysis 23 November, 2020

• GBPUSD broke key resistance level 1.3300 • Likely to rise to 1.3480 GBPUSD recently broke sharply through the key resistance level 1.3300 (which stopped the previous sharp upward impulse wave (i) at the start of this month). The breakout...

General Electric Wave Analysis 23 November, 2020
General Electric Wave Analysis 23 November, 2020

• General Electric broke round resistance level 10.00 • Likely to rise to 10.500 General Electric today broke the round resistance level 10.00 (which stopped the previous minor impulse wave at the end of last week, as can be seen...

Thanksgiving Day: trading time schedule changes
Thanksgiving Day: trading time schedule changes

On November 26, 2020, America will celebrate Thanksgiving Day and therefore the trading time schedule of several financial instruments will be effected on November 26th and 27th. The following instruments will be affected:– Agricultural Commodity Futures– Energy Futures– Indices Futures–...

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Brokers News

Trading times return to normal as DST ends in the US
Trading times return to normal as DST ends in the US

On Sunday, 01/11/2020, DST ends in the US.  The trading schedule from Monday 02/11/2020 until March 2021 for the affected asset classes/symbols will be as per below:  Affected Instruments  SERVER TIME (GMT+2)        Spot Metals:  01:00 – 00:00        US...

US election trading conditions 2020
US election trading conditions 2020

The US election takes place on 3rd November with increased volatility expected across markets. Any potential changes to trading conditions during this time will be updated on this page. NOW: normal trading conditions remain in effect.

Trading time changes as DST ends in EU
Trading time changes as DST ends in EU

On October 25, 2020, European countries shift from Daylight Saving Time. Due to this, from 26th to 30th October the trading time schedule of several financial classes will be temporarily changed. It will affect: * CFD on Forex & Cryptos...

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Brexit

European markets mostly higher with U.S. stimulus, Brexit in focus
European markets mostly higher with U.S. stimulus, Brexit in focus

European markets edged slightly higher on Friday as investors monitor prospects of a U.S. stimulus package and a last-minute Brexit trade deal. The pan-European Stoxx 600 gained 0.2% in early trade, with oil and gas stocks climbing 1.2% to lead...

Brexit trade talks enter ‘last leg’ with no-deal deadline just weeks away
Brexit trade talks enter ‘last leg’ with no-deal deadline just weeks away

The U.K. and the EU are in the “last leg of negotiations” over a post-Brexit trade agreement, according to Britain’s foreign minister, with only a few weeks left to approve any potential deal. The U.K. stopped being a member of...

The entire U.K.-EU trade deal could fail over this one issue
The entire U.K.-EU trade deal could fail over this one issue

The French president is standing firm on his demand to keep the same access to British waters his country’s fishing industry enjoys today, according to officials familiar with the talks. That’s angering the British and creating tensions even among his...

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