EUR/USD The pair is stuck in a range of 100 points, and there are no fundamental factors to get out of this swamp yet. ECB is trying to regain control of inflation while avoiding even a hint of a recession. Short positions dominate the balance of volumes. If the bears can overcome the zone 1.0350/00, the chances of an upward reversal will be minimal.
XTI/USD The Cartel will likely stick to the production plan that was announced at the previous meeting − a total increase in production by 648 thousand b/d. We are waiting for the results of Biden's visit to Saudi Arabia, which will resolve several geopolitical issues. So a calm OPEC+ meeting is expected, although unpleasant surprises, as at the last summit, are...
XTI/USD Speculators lowered the price due to demand concerns, although new sanctions on Iran limited the decline. On Thursday, the US imposed sanctions on Chinese and a network of Iranian firms, as well as some UAE companies that are helping to export Iranian petrochemicals, to force Tehran to return to nuclear deal talks. The technically accumulated interest in...
USD/JPY The yen is holding on to lows against the dollar, as the BOJ again hesitated to change monetary policy. The bullish trend is not cancelled.
GBP/USD The Bank of England raised the rate for the fifth time in a row, but the pound failed to extract any profit from this fact. Macroeconomic reports were again weak. The price once again failed to break through the strong protection in the 1.20 zone. Positive statistics of the current week may support the growth to the zone of 1.25, but the trading interest...
EUR/USD Euro continues to collect stop-losses on both sides of the strong 1.05 zone. There are no fundamental factors for a confident upturn in the market, and one should not hope for the upcoming EU summit. Trading interest is biased towards sales and will be worked out even with the slightest negative factor.
Bitcoin Bitcoin has approached the psychological level of $20,000. The cost of Bitcoin has come close to the psychological support level of $20,000 per coin, which is the lowest since 2020 and can already be considered historical. The capitalization of the cryptocurrency market as a whole is declining due to extreme market conditions and current global economic...
Netflix Goldman Sachs lowered the capitalization of Netflix to the basket. Since the end of 2021, the company began to rapidly lose its capitalization and from the level of $700 per share, fell at the peak of the downward UP trend to the level of $200, which caused panic investment fear. The next trigger for the fall was the updated status of the rating from...
XTI/USD Medium-term growth momentum remains, and both major futures do not look overbought. The chances of updating annual highs are high. A medium-term reversal signal will be a confident break of the 114.50-113.00 zone, but this is still unlikely. Prices are supported by the risks of reduced supply, which is likely to be reminded again by OPEC and the IEA in...
USD/JPY The Ministry of Finance of Japan and the BOJ believe that the too cheapen yen (at least in the last 20 years) increases the risk of a new financial crisis in the region. If the yen continues to fall against the dollar. then China will see this as an unfair competitive advantage and will intensify efforts to weaken the yuan. So far, the priority of...
GBP/USD The pound fell due to the correlation with the euro, but there are no own factors for such a decline. The balance of volumes is shifting uncertainly towards purchases, but on the publication of statistics data, speculators can push the price to the protection zone of 1.20. However, there is a chance for a technical correction to the 1.25 zone and higher...
EUR/USD A technical correction is needed, but as long as fundamental factors stimulate the growth of the dollar, the downtrend is not cancelled. Purchases can be relevant only on a confident breakdown of the 1.07 zone. Strong speculations on the statistics of the current week are unlikely.
Litecoin Will Litecoin work out the "FLAG" figure? Litecoin froze in a narrow volatility range, having formed the flagpole of the "FLAG" technical pattern. Since the coin is within the semi-annual downtrend, this figure is classified as an inverted flag and most often tends to continue the trend, which undoubtedly forms a new strong interest in selling within the...
TESLA Elon Musk's premonition of a possible recession plunged Tesla's share price by 9%. Before the employees of the American company had time to move away from the recent letter about the ban on remote work, as the head of Tesla, Elon Musk, said that he had “very bad feelings”, so he plans to fire every tenth employee of the company in order to optimize business...
XTI/USD Saudi Arabia's attempt to pave the way for President Joseph Biden's upcoming visit to Riyadh could prove unsuccessful. OPEC+ has agreed to a production increase that represents just 0.4% of potential global demand in July and August. This is not enough to balance the market, which is moving into deficit due to a recovery in demand in China. The medium-term...
USD/JPY Option-related buying above the 131.35 yearly high should provide additional bullish momentum with targets beyond 135. If the protection zone is not broken, then a pullback to 127.50 and below is possible, but there are no fundamental factors for a complete reversal of the uptrend.
GBP/USD The fundamental negative around the pound is getting stronger. London and Brussels are once again in conflict over «Northern Irish Protocol». Four increases in the key rate did not give any positive effect. Now even Andrew Bailey is talking about a possible shortage of food − the head of the BOE suggests inflation will rise to 10.25%. So the short-term...
EUR/USD Short-term upward trend remains. The upward momentum is weakening, but the chance for a downward reversal will appear after the ECB meeting. The balance of volumes is shifted towards buyers.