Technical Analysis

Daily Technical analysis for August 11, 2020

The EURUSD is moving to the upside on the hourly interval, where the price has broken the bullish trend line, and we expect more decline to the level of 1.6500.

Daily Technical analysis for August 10, 2020

The EURUSD is moving to the upside on the hourly interval, where the price touches the uptrend line and is likely to rise in the coming hours.

Daily Technical analysis for August 7, 2020

The EURUSD is moving to the upside on the hourly interval. The price is now facing resistance area, so we should wait and see how the price will interact with i

Fundamental Analysis

Crude oil prices rise on positive Chinese data

Crude oil prices rose during today's trading with the beginning of the week, supported by improved Chinese factory data, along with a rise in energy demand, as

Asian stocks slide on US-China tensions, stimulus uncertainty

Asian stocks were mostly lower on Friday amid elevating tensions between the United States and China, and on worries that the U.S. Congress may not reach consen

Pound climbs to 5-month high on less dovish BOE stance

The British pound drifted higher versus major currencies on Thursday after a less dovish tone from the Bank of England, as policymakers highlighted the disadvan

Forex News

UK employment marks the worst quarterly decline since 2009

Despite the steadiness of the unemployment rate near a record low in the second quarter, the employment posted the worst quarterly decline since mid-2009, as th

Inflation in China at the highest level since April

China today announced inflation data during the month of July, which witnessed a significant recovery on the part of consumers to push inflation rates to their

American employers add 1.76m jobs, unemployment retreats

The U.S. jobs report released on Friday showed that American employers added jobs a more than forecast jobs in July, while the unemployment rate retreated, wher