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Forex and Cryptocurrencies Forecast

First, a review of last week's events: EUR/USD. Tensions between the U.S. and China continue, which can not but affect the markets. President Trump said he will respond "very strongly" to Beijing's legislative initiatives. This applies, in particular, to the desire of the PRC to strengthen control over Hong Kong,...

Forex Forecast and Cryptocurrencies Forecast

First, a review of last week's events: EUR/USD. There is this expression — "retrain on the fly." That's exactly what President Trump did on May 14. Prior to that, he talked a lot and often about the advantages of a weak dollar, which would increase the competitiveness of American products...

Dollar Rebounds Broadly as Investor Sentiment Turns

Dollar rebounds broadly today as investors turn cautious since European session. Fear of a second wave of coronavirus pandemic is cited by some as a reason for mild risk aversion. US-China tension is another factor named. For now, Swiss Franc is following as the second strongest, then Euro. On...

ECB Mersch: Lack of business case for digital currencies won’t stop ECB study

ECB Executive Board member Yves Mersch said, like more than 80% of global central banks, they're working on central bank digital currencies (CBDCs). Policymakers have be ready to "embrace financial technological innovation which has the potential to transform payments and money faster, and in more disruptive ways, than ever...

Forex Forecast and Cryptocurrencies Forecast

First, a review of last week's events: EUR/USD. The Constitutional Court of Germany dealt a blow to the ECB's efforts to save the European economy last week. It decided that the European regulator had exceeded its authority regarding the quantitative easing (QE) program, and therefore its decisions were not binding...

Week Ahead: Coronavirus Continues to Dominate

Aside from cautious reopenings around the world because of the coronavirus, the main economic focus entering last week was the US Non-Farm Payroll data.  Although the staggering number of jobs lost was 20,500,000, the markets seemed to take the numbers in stride as the data was near expectations. In...

Forex Forecast and Cryptocurrencies Forecast

First, a review of last week's events: EUR/USD. Macro indicators paint a completely non-rosy picture of the state of the global economy. However, things in Europe look much worse than in the United States. The European economy has sagged at a record 3.8% in history over the previous quarter and...

Forex, Cryptocurrencies, Stocks Forecast

First, a review of last week's events: EUR/USD. While in the United States, decisions to allocate money to revive the economy are made quickly enough, in the Euro Zone this is a process that requires a long discussion and agreement between the participating countries. And this can not but put...

Forex and Cryptocurrency Forecast

First, a review of last week's events: EUR/USD. The number of applications for unemployment benefits in the United States has amounted to 22 million over the past four weeks. For comparison, this figure remained at the level of about 930 thousand in the previous few years. In other words, the...

COVID Cure, US Exit, Oil, Gold, Libra

Finally Some Good News! In a week of negative economic headlines, it’s certainly encouraging to end on a more positive note and equity markets are surging this morning as a result. The double whammy of US lockdown exit plans and, more importantly, a potential coronavirus treatment from Gilead has given investors...

Forex and Cryptocurrency Forecast

First, a review of last week’s events: EUR/USD. The Old and the New Worlds continue to compete to see who will pour more money into their economies. But what is the old Europe compared to the United States! On Thursday, April 10, after many days of discussion, the EU Finance...

Forex Forecast and Cryptocurrency Forecast

First, a review of last week's events: EUR/USD. The pair's flights in recent weeks can be compared to aerobatics: first, an almost vertical takeoff up by 630 points, then a vertical peak by 860, and now a new leap up by 445 points. Several factors caused the sharp drop in the...

Forex Forecast and Cryptocurrencies Forecast

First, a review of last week’s events: EUR/USD. The coronavirus pandemic continues to drive global markets. The oil wars between Saudi Arabia and Russia, which, of course, do not do without the active intervention of the United States, add to the nervousness. This country, whose shale oil is another target...

Forex Forecast And Cryptocurrencies Forecast

First, a review of last week's events: EUR/USD. That's it! The world economy is no longer run by governments, banks, or corporations. The economy is reigned by only one "person" named Covid-19. The coronavirus pandemic has caused panic on the stock exchanges, a collapse in oil prices, a drop in...

Forex Forecast And Cryptocurrencies Forecast

First, a review of last week’s events: EUR/USD. It seems that now one can ignore the macroeconomic indicators, which previously not only had an impact on the quotes, but also could reverse trends by 180 degrees. The situation in the financial markets has been completely dominated by the coronavirus for...

Forex Forecast and Cryptocurrencies Forecast

First, a review of last week’s events: EUR/USD. The situation in the financial markets is completely under the control of the coronavirus for many weeks in the run. And if many traders in 2019 complained about the lowest volatility of the EUR/USD pair in the history of its existence, the...

Forex and Cryptocurrency Forecast

First, a review of last week’s events: EUR/USD. The dollar index has already gained 2.5% since the beginning of February, reaching the highest since May 2017. The euro continues to lose ground. Beginning on January 01, the advance of the dollar has weakened the European currency by 440 points. It...

Forex and Cryptocurrency Forecast

First, a review of last week’s events: EUR/USD. Stop-loss orders on long positions for this pair are triggered one after another for the second week in a row. The bulls retreat, successively surrendering all their lines of defense. The pair has not just updated the lows of this and last...

Forex and Cryptocurrency Forecast

First, a review of last week’s events: EUR/USD. The statistics in the United States (including ISM and NFP) look rather optimistic. The US indices have updated their record levels over the past five days: The Dow Jones is 29393 and the S&P500 is 3345. Production orders in Germany have been...

Six central banks to discuss digital currencies in April

Japan's Nikkei newspaper reported that six global central banks will meet in April, together with Bank of International Settlements on the topic of digital currencies. Central banks of the UK, Eurozone, Japan, Canada, Sweden and Switzerland said last month that they're going to share information regarding digital currencies issuance. For...

Forex And Cryptocurrency Forecast

First, a review of last week's events: EUR/USD. The past week passed under the sign of the coronavirus, which determined the lion's share of what was happening in the markets. Commodities and currencies that are most clearly linked to China have suffered the most. As you know, the euro zone economy...

Forex and Cryptocurrency Forecast

First, a review of last week’s events: EUR/USD. The euro is falling again, and it has lost about 70 points to the dollar over the past five days. There are two reasons for this: the coronavirus epidemic in China and the very cautious new ECB Head Christine Lagarde. It is well...

Forex And Cryptocurrency Forecast

First, a review of last week’s events: EUR/USD. Starting from November 29, 2019, the pair moved along the ascending channel. On December 31, it reached the upper limit of the channel at 1.1240, and then changed direction and on January 08, it broke through the lower limit of the channel...

Forex and Cryptocurrency Forecast

First, a review of last week’s events: EUR/USD. As you know, life is like a zebra: a black stripe comes after a white one, and vice versa. That was what happened this time as well: after the merry New Year holidays came the anxious expectation of a full-fledged war between...

Forex and Cryptocurrency Forecast

First, a review of last week’s events: EUR/USD. Holidays are for people to get distracted for a while from daily problems, plunging into the magic atmosphere of miracle expectation. And miracles happen, and financial markets are no exception, as we have already warned our readers. In normal times, investors look either...

Forex Forecast and Cryptocurrencies Forecast

First, a review of last week’s events: EUR/USD. As expected, both the Fed and the ECB have left their interest rates unchanged. Accordingly, the reaction of the markets to their decisions was almost zero. President Donald Trump and the new head of the ECB Christine Lagarde were on the side...

Forex Forecast and Cryptocurrencies Forecast

First, a review of last week’s events: EUR/USD. The Euro rose sharply on Monday. This is not to say that no one expected it. 35% of analysts and graphical analysis on H4 and D1 predicted the pair's rise to the height of 1.1100. Some may have decided that the growth...

Forex Forecast and Cryptocurrencies Forecast

First, a review of last week’s events: EUR/USD. it looks like the thanksgiving celebration in the US started not in Thursday 28 November, but as early as on Monday 25. The last week of autumn was unusually calm, and the volatility did not exceed 40 points until Friday, driving traders...

Forex Forecast and Cryptocurrencies Forecast

First, a review of last week’s events: EUR/USD. On Thursday, November 07, the US markets updated historical highs after reports of the US and China willingness to remove duties as new parts of the Trade Treaty are being signed. Speculators have turned their backs on traditional safe havens such as...

Forex Forecast and Cryptocurrencies Forecast

First, a review of last week’s events: EUR/USD. What was expected did happen: on Wednesday, October 30, the US Federal Reserve lowered the interest rate on the dollar from 2.0% to 1.75%. Naturally, the US currency began to fall, the pair went up, but the movement was quite moderate: the...