KirkBarton

KirkBarton

Current trend The USD/TRY pair is declining amid the aggravation of the geopolitical situation in Eastern Europe, currently trading at 14.6460. Although Turkey is taking active steps towards a possible settlement of the military conflict between Russia and Ukraine, acting as a mediator in the negotiation process, the country's economy continues to suffer losses....

KirkBarton

Current trend During the Asian session, Brent Crude Oil prices are falling, renewing local lows of the beginning of the month and testing the level of 99.00 for a breakdown. The instrument has lost 23% in value since March 7, after hitting a 14-year high at 139.13. Investors are gradually returning to risk as the geopolitical situation somewhat stabilizes, but...

KirkBarton

Current trend Gold prices are developing a corrective downtrend during the morning session, updating local lows from March 4 and rapidly retreating from their record highs, the growth to which was provoked by Russia's special military operation in Ukraine. Now, the demand for risky assets is gradually recovering, as traders are counting on significant progress in...

KirkBarton

The pair may fall. On the daily chart, the first wave of the higher level 1 of (3) formed, and a downward correction develops as the second wave 2 of (3), within which the wave c of 2 forms. Now, a local correction has ended as the fourth wave of the lower level (iv) of c, and the fifth wave (v) of c is developing. If the assumption is correct, the pair will fall...

KirkBarton

Current trend As a result of the exit of investors from risky assets under the influence of the worsening geopolitical situation in Eastern Europe, GBP/USD consolidated below 1.3200 with the prospect of strengthening the downtrend in the area of 1.3065. Against the backdrop of continued hostilities in Ukraine, Western countries, including the UK, are imposing...

KirkBarton

Current trend Prices on the oil market continue to rise. On Monday, quotes rose above 135.00 but then corrected downwards. At present, the positive dynamics of the instrument have resumed against the backdrop of the US imposing a ban on the import of "black gold" from Russia. The UK authorities announced similar measures planned to be implemented by the end of...

KirkBarton

Current trend XRP/USD continues to trade within a long-term downward channel, but recently the price of the token has been consolidating around 0.7500 (center line of Bollinger Bands, Fibonacci retracement 61.8%). The key point for the "bears" is still 0.6836 (Murray , the lower line of Bollinger Bands), the breakdown of which will allow quotes to fall to the...

KirkBarton

Current trend The USD/JPY pair shows an upward trend, trading around 115.67. The Japanese currency began to fall in price after publishing key business activity indices for February: Manufacturing PMI fell to 52.7 points from 55.4 points a month earlier. Service PMI fell to 44.2 points from 47.6 points in January. Thus, the values ​​are adjusted for the fifth...

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Current trend The price of oil has renewed its 11-year high. As a result, the USD/CAD pair has broken through the support level of 1.2650 and is preparing for further decline. When making trade decisions, the analysis of the geopolitical situation and the consequences of a special military operation of Russian troops in Ukraine comes to the fore. The fighting...

KirkBarton

Current trend Brent Crude Oil quotes are actively growing for the second week in a row and today exceeded the 118.00 mark. The current growth continues to be supported by fears of serious interruptions in oil supplies from Russia, which occupies one of the leading places in the world export of "black gold". In addition, investors were disappointed by the...

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Current trend The USD/CHF pair shows a downward trend, trading at 0.9181. The franc resists the growth of the dollar, although investors perceived the latest macroeconomic data from Switzerland as contradictory. Thus, the national economy shows a slowdown: according to January data, quarterly GDP rose by 0.3% after increasing by 1.9% a month earlier. The...

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Current trend During the Asian session, gold prices show near-zero dynamics, consolidating near the level of 1900.00 amid reports that the US and its allies imposed new sanctions against Russia over the weekend. Yesterday, the instrument recorded a moderate decline, opening with a positive gap but closer to the daily session close, gold managed to bounce back...

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Current trend The New Zealand dollar traded mixed against the US dollar during the Asian session, holding close to 0.6750. Activity on the market remains restrained amid a sharp increase in volatility, and investors expect new drivers to appear amid the continuation of the armed conflict in Ukraine. At the beginning of the week, Russian President Vladimir Putin...

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Current trend The Japanese currency is confidently traded against the main global competitors. However, even strong positions in the market do not allow it to strengthen against the US dollar, which is at its highs. Now, the USD/JPY pair is correcting around 115.52. Positive macroeconomic statistics from Japan support the asset quotes. Thus, Tokyo Core CPI,...

KirkBarton

Current trend The European currency is falling after the opening of trading this week. Unlike the US dollar, which investors consider a shelter asset, the euro is under pressure from geopolitical risks. The EUR/USD pair is currently trading within a downtrend around 1.1148. The EU countries are imposing sanctions on the Russian Federation after the Russian...

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Current trend As expected, reports of an escalation of the military conflict on the borders of Ukraine were met with a wide sale of risky assets and an increase in the price of the US dollar, gold, and oil, but on Friday, part of the losses by the NZD/USD pair was compensated. Last week, the asset tested the level of 0.6800, after which it dropped sharply to...

KirkBarton

Current trend The US dollar is developing a "bearish" signal paired with the Japanese yen in Asian trading, correcting after a noticeable increase the day before. At the moment, USD/JPY is holding near 115.20, waiting for new drivers to appear. Throughout the week, ultra-high volatility has been observed on world trading floors and investors have abandoned risky...

KirkBarton

Current trend The New Zealand dollar shows weak growth against the US dollar in the Asian session, correcting after a noticeable decline on Thursday. Yesterday the rate of the New Zealand dollar showed sharp weakening, reacting to the aggravation of the situation in Ukraine. Later, with the opening of the American trading session, the "bearish" activity began to...