This week has become one of the most shocking and disastrous for the cryptocurrency market. The FTX crisis, the update of the local Bitcoin bottom and general panic moods put an end to the local upward trend of the previous week. Despite the complexity of the situation, several positive news provoked a surge in volatility […]

The latest CPI inflation data will be scrutinized on Tuesday (12:30 GMT) as it will be the last before the Fed’s September policy meeting. Last month’s report offered the first hope in months that price pressures have started to abate, but Fed policymakers were quick to dash expectations that this would equate to an immediate […]

Contrary to forecasts and fears, Bitcoin managed to keep the $18.5k–$19k key zone intact. Due to this, the price of the cryptocurrency reversed and recovered above $22k over the weekend. Impulsive and powerful upward movement became possible due to a number of fundamental factors, as well as the categorical skepticism of market participants. As a […]

XM has been acknowledged as the Best FX broker for the year 2022 at the World Finance Forex Awards for an unprecedented sixth year in a row! This year we won this prestigious award for our high-level services in Europe, Australasia, Middle East, and Latin America. World Finance is a leading authority in the finance […]

Gold managed to hold critical support above $1,700 despite the US dollar’s update of its 20-year high, which means sentiment has improved. Although gold may rise this week, analysts warn that investors should not expect a significant breakout as the Federal Reserve continues to aggressively raise interest rates. There is currently an 88% chance that […]

He who laughs last, laughs best. The EU managed to prepare by reducing the share of Russian gas imports from 40% before the armed conflict in Ukraine to 9%. The storage facilities are more than 80% full, which makes it possible to survive the cold winter, and Brussels’ plans to limit prices make gas futures […]

The UK has been in the spotlight recently, with Liz Truss becoming the nation’s new prime minister last Monday, and Queen Elizabeth passing away on Thursday. Although the BoE gathering – initially scheduled for Thursday – was postponed for next week due to the queen’s death, pound traders have good reason to stay in front […]

Details of the economic calendar for September 9 The week ended with an empty macroeconomic calendar. Important statistics in Europe, the United Kingdom, and the United States were not published. Despite the absence of statistical data on Friday, the market continued to show speculative activity. Probably, traders were playing back the decision of the ECB […]

Former US Treasury Secretary Lawrence Summers said dollar has more room to grow given a number of fundamentals behind it. He expressed skepticism over the effectiveness of any intervention to turn the tide for yen. In a statement, Summers stressed that the US has a huge advantage in not being dependent on “outrageously expensive foreign […]

Yen back under selling pressure as FX intervention hopes fade   Euro advances, buoyed by energy price cap and ECB signals Dollar down but not out, stock markets defend recent gains  Yen resumes slide It has been an excruciating year for the Japanese yen, which has lost almost 25% of its value against the US dollar, […]

The US 500 cash index rebounded off the 3,885 support level and the medium-term uptrend line. Also, the market surpassed the bullish crossover within the 50- and 100-day simple moving averages (SMAs) with the technical oscillator confirming the recent pullback. The RSI jumped above the neutral threshold of 50, while the MACD is extending its […]

EUR/USD Higher timeframes The opening of the week took place with some upward gap. Bulls are not in a hurry to complete the corrective rise. Instead, there is hope for its development, as well as a change in daily preferences. To implement these tasks, bulls need to overcome the resistance of the weekly short-term trend […]

Watch for the continuational pattern on the USD/JPY>.. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Daily Market Comment – Yen selling resumes, euro… September 12, 2022 Yen back under selling pressure as FX intervention hopes fade  …Technical Analysis – US 500 index bounces off 23.6%… September 12, 2022 The US 500 cash […]

Technical analysis: USD/JPY has been trading upside this morning and I see potential for the continuation of the strong upside trend in the background. Trading recommendation: Due to the strong upside cycle in the background and potential pullback play, I see further upside continuation. Watch for the buying opportunities on the intraday dips with the […]

Let’s take a look at the technical picture of GBP/USD, GBP/JPY, GBP/AUD and Bitcoin. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Daily Market Comment – Yen selling resumes, euro… September 12, 2022 Yen back under selling pressure as FX intervention hopes fade  …Technical analysis recommendations on EUR/USD and… September 12, 2022 EUR/USDHigher […]

World markets closed higher last week, indicating that sellers are inactive ahead of incoming US news and Fed meeting next week. The main reason was the ECB meeting, at which the key interest rate was raised by 0.75% to 1.25%. Another factor could be the statements of both Christine Lagarde and Jerome Powell, which once […]

Technical analysis: Gold has been trading sideways in the last few days at the price of $1.724. Watch for potential breakout or rejection of the key resistance at $1.728 to confirm further direction. Trading recommendation: Watch for the price action around the key pivot at $1.728 to confirm further direction. Potential breakout of the key […]

Technical analysis: BTC has been trading upside as I expected and the price reached first objective at the level $22.000 but I see potential for further rally towards next main target. Trading recommendation: Due to the strong upside momentum and no bigger signs for the reversal, watch for buying opportunities on the intraday dips with […]

Trend analysis (Fig. 1). The pound-dollar pair may move upward from the level of 1.1585 (close of Friday’s daily candle) to the target of 1.1588, the 23.6% retracement level (yellow dotted line). After testing this level, continued upward movement is possible with the target of 1.1743, the 38.2% retracement level (blue dotted line). Upon reaching […]

EURUSD has been losing ground since the beginning of the year, creating a clear structure of lower highs and lower lows within a descending channel. Nevertheless, after managing to find its feet at the 20-year low of 0.9863, the pair is pushing for some recovery, currently challenging the 50-day simple moving average (SMA). The momentum indicators also suggest […]

Trend analysis (Fig. 1). The euro-dollar pair may move upward from 1.0042 (close of Friday’s daily candle) to the target of 1.0116, the 50% retracement level (white dotted line). After testing this level, a downward pullback is possible to test 1.0054, the 23.6% retracement level (red dotted line). Upon reaching this level, the price may […]

As investors raise bets on further monetary tightening by the European Central Bank and the Federal Reserve, the window for rate hikes on both sides of the Atlantic is rapidly closing. And something suggests that this window may close in the eurozone sooner rather than later. It is obvious that the ECB is now trying […]

Gold bulls made another attempt to break above the cloud resistance at the $1,725-27 area. Price is inside the 4 hour Kumo turning short-term trend to neutral, according to the Ichimoku indicator. The rejection at the upper cloud boundary is a sign of weakness, but has also confirmed the importance of that resistance level. A […]

Early in the American session, gold (XAU/USD) is trading at around 1,726, showing some weakness after hitting strong resistance at 1,726-1,730. In the American session, gold reached 1,730, the highest level since August 30. The price remains close to that high, but it faces strong resistance which could prevent it from a further rise. In […]

Technical analysis: Gold has been trading upside in the background and there is the breakout of the supply trendline at $1.726, which is good sign for further rally. Trading recommendation: Due to the breakout of the supply trend-line and strong upside momentum, I see further rally. Watch for the potential buying opportunities on the intraday […]