03.10.2019: Weak US data continues to exert pressure on market (USDX, USD, EUR, GBP)

The dollar is still losing ground against major currencies following the releaseof ISM Manufacturing index for September which has hit its lowest level in the past 10 years.The US dollar index maintains a bullish trend,though it has retreated from its annual highnear 99.70 and is set to test the key level of 99.00.The EUR/USD pair…

22.02.2019: Pound lacks momentum against US dollar (EUR/USD, GBP/USD)

A possibility of the US and China striking a trade deal shapes the investor sentiment.The euro-dollar, the most popular currency pair, is hovering at highs.The euro-dollar pair is trading sideways in the range between 1.1330 and 1.1340.At the same time, the euro faces the risk of a selloff on the back of weak macroeconomicstatistics.The EU…

27.06.2019: Time is right to buy USD and sell BTC? (USD, GOLD, CAD, BITCOIN)

Traders are sitting on the sidelines, awaiting the news from the G20 summit which kicks offtomorrow in Osaka.Meanwhile, safe haven gold has rocketed to the level of 1,430 US dollars a troy ounceon the back of uncertainty in the trade relations between the US and China and a growing riskof a full-blown military campaign between…

25.02.2019: Oil prices plunge amid Trump’s remarks (USD, Dow Jones, Bitcoin, Brent)

The appetite for risky assets was boosted by hopes that the United States and Chinawill settle down the trade dispute in the nearest future.Therefore, demand for safe-haven assets decreased.The US dollar index that tracks movement of the American currency against other majorsis losing ground amid such sentiment.The index is moving in a downward trend, having…

21.05.2019: USD extends gains as GBP and EUR weaken (USD, GBP, CAD, BITCOIN)

At the opening of the North American trading session the pound sterling plunged to the 4-month low.Today traders are waiting for the speech of the British Prime Minister.Theresa May is expected to offer a new draft deal on Brexit.Ahead of this event, some pound sellers were fixing their profits.As a result, the GBP/USD pair retreated…

03.07.2019: EUR/USD tries to recover; CAD comes under pressure (USD, CAD, Bitcoin)

Markets participants are eagerly waiting for publication of the US official jobs reportthat is expected to show a 160 thousand increase in private payrolls in June after an abrupt surge in May.The US market is closing earlier than usual today ahead of Independence Day,and the quotes are likely to end this trading session in the…

02.07 .2019: What prevents USD from rising? (USD, EUR, CAD, Bitcoin)

ECB President Mario Draghi has set the mood for the American trading session.He made it clear that the financial regulator was not ready to resume the assets purchases yet.Amid these comments the euro-dollar pair hit daily highs.However, the price reversed the upw rd movement and retreated to 1.1300.This level serves as the resistance, and the…

07.08.2019: EUR retreats, GBP remains flat (EUR, USD, GBP, GOLD)

Market participants are awaiting another key rate cut by the Fed.Thus, it refrains them from the massive sell-off of the euro/dollar pair.The pound sterling is hovering at its lows while gold is about to hit a new high.Investors were surprised by the sudden growth of the euro/dollar pairas there were no positive macroeconomic data to…

05.08. 2019: US-China trade tensions escalate, JPY continues to grow (USDХ, JPY, AUD)

The Japanese yen has regained ground again.US-China trade war tension and the world’s economy slowdown raise concerns among traders.That is why the yen rose abruptly against both the US dollar and the euro.US-China trade conflict comes under the spotlight.It seems that the trade war is likely to become the currency war.China has weakened the yuan…

28.12.2018: European trade 28.12.2018 (EUR/USD, oil, USD/RUB, BTC)

The euro/dollar pair neared 1.15.The session’s high was 1.1472.The greenback is under pressure amid the US government’s shutdown.According to the recent news, the White House will resume full-time work not earlier thanJanuary 2, 2019.The ruble has a correctional movement today amid the growth of the US stock market andoil quotes after its Thursday’s fall.The stock…