EURUSD trading plan: We are expecting an uptrend to develop. Positive macroeconomic statistics from China are forcing investors to increase their long positions. The National Bureau of Statistics said that GDP grew 3.2% year-on-year for the second quarter, beating...
Hang Seng lost 2.2% this morning, while the FTSE China A50 sank 3.3%. China’s economy showed higher growth than expected in the second quarter, but it failed to bring optimism to the markets. Pessimism around China is pushing down the indices of other countries: futures on S&P...
Asian stocks started in a mixed way on Thursday ahead of the important GDP data from China. S&P 500 futures went lower after the index gained almost 1% on Wednesday amid optimism about progress in developing a vaccine for the coronavirus.The Federal Reserve said the economy...
Today, the NZD/USD pair is trading down from $0.6580 to $0.6535 and has fallen slightly below the MA (200) H1 moving average ($0.6555). However, on the four-hour chart, the pair remains well above MA (200) H4 ($0.6480). Resistance levels are at: $0.6555, $0.6580-0.6600,...
Asian equity market is down this morning despite yesterday’s rises in Europe and the US, which seemed to be driven by hopes of progress on Covid-19 vaccines. China posted a strong 11.5% rebound in Q2 GDP following the Q1 drop. However, June data while showing a 4.8%y/y...
Yesterday, the GBP/USD was trading higher and closed the day in positive territory near the price of $1.1285. Today it fell slightly to the level of $1.1250. On the hourly chart, GBP/USD is testing strength support - the MA (200) Н1 moving average line ($1.2565). On the...
During today's Asian trading, the US dollar showed slight changes against the euro and the Japanese yen. Traders are waiting for the results of the European Central Bank (ECB) meeting, which will be summed up later on Thursday. The regulator is likely to keep the key rate at...
EUR/USD EUR shows flat dynamics of trading against USD during today's Asian session, consolidating near the level of 1.1400. Yesterday, EUR repeatedly renewed local highs since March 10, rising to the level of 1.1451, which was facilitated by the growth of investor...
Oil prices are falling after yesterday's OPEC+ meeting. Available at of the online conference on Wednesday, it was decided to proceed in August to a new phase of production constraint, involving a relaxation of quotas. The transition to this phase is carried out within the...
