Yuri Papshev / Blog
Long positions remain preferable in the current situation. A breakout of the local resistance level 0.7410 (27-month highs) will be a signal for renewed AUD / USD growth towards the resistance levels 0.7500 (50% Fibonacci level), 0.7980 (61...
During today's Asian session, EUR / USD grew to a new 12-week high near 1.1940. However, further growth of the pair has stalled. At the moment, the pair is decreasing towards the short-term support level 1.1903 (ЕМА200 on the 15-minute chart...
While XAU / USD is traded above the key support levels 1800.00 (ЕМА200 on the daily chart), 1770.00 (ЕМА50 on the weekly chart), its long-term upward dynamics persists, and the current decline can be considered for now as a correction after rising to a new record high at 2075.00...
Last Friday, the US dollar again attempted to interrupt its multi-week decline after investors got acquainted with the report of the US Department of Labor, published at the beginning of the American trading session...
The S&P 500 continues to develop an upward trend in the upward channel on the daily chart, traded above important short-term support levels 3289.0 (EMA200 on the 1-hour chart), 3206.0 (EMA200 on the 4-hour chart) and above key support levels 3020.0 (Fibonacci level 23...
The pair maintains positive dynamics and a tendency to further growth, which is facilitated by two strong fundamental factors - the stimulating policy of the Fed, as well as the recently adopted by the EU leaders a program to support the European economy in the form of a package of expenditures f...
At the regular scheduled meeting on Tuesday, the Reserve Bank of Australia left monetary policy unchanged, keeping the key interest rate at a record low of 0.25%, and the target level of 3-year government bond yield - also at 0.25...
The pound remains under pressure from Brexit risks. It strengthened slightly earlier in the European session today after the July Purchasing Managers Index (for the UK manufacturing sector) publication. Markit Economics has released updated data that showed the UK manufacturing PMI rose to 53...
Despite the fact that the EUR / USD declined during today's Asian session, it remains positive and has a tendency to further rise. European assets look more attractive compared to US assets, and the European economy is recovering at a faster pace...