News

Metals Under Pressure on Monday The metals market is kicking off the new week in much the same vein as it finished on Friday. Both gold and silver are under pressure across early European trading on Monday as focus remains on fresh Fed tightening expectations ahead of the upcoming May FOMC. The return of hawkish […]

Brent On H4, EURUSD quotes are above the 200-day Moving Average, which reveals the prevalence of an uptrend. The RSI is testing the support line. In this situation, the price could break 2/8 (1.0986) and grow to the resistance at 3/8 (1.1108). The scenario can be canceled by a downward breakout of 1/8 (1.0864), which […]

EURUSD, “Euro vs US Dollar” The stock index has completed yet another correction to 1.0995. Today the market is forming a link of yet another declining wave to 1.0940. If this level breaks, a pathway down to 1.0903 could open, from where the wave has c chance to extend to 1.0888. After it reaches the […]

The BTC on Monday dropped to 27,455 USD. Over the week, the coin has lost 8.21%. Regardless of such a feeble and dull decline, in the medium run, the BTC still has good chances for recovery. An eye should be kept on the support area between 26,500 and 27,000 USD. Active buying might start from […]

XAUUSD, “Gold vs US Dollar” Near the support, gold has formed an Inverted Hammer reversal pattern. Currently, the instrument can go by the reversal pattern in an ascending wave. The target for the growth will be 2015.00. After testing the resistance, the price will have a chance to break it and continue the uptrend. However, […]

The Japanese yen against the US dollar has put its decline on pause but looks unstable. The current quote is 134.13. The block of statistics on Friday came out neutral. The base CCI in March grew 3.1% y/y as expected. Official inflation last month amounted to 3.2% y/y as forecast, while a month before it […]