TradePlus-Fx

TradePlus-Fx Updated 

The currency pair has been declining since the beginning of this month, but in the near future, the price is expected to be located in the 0.8500 area. In turn, concerns about the Pound are caused by a combination of factors such as lagging economic growth in Britain, coupled with a reduction in the volume of fiscal and monetary accommodation. Like the Fed, the...

TradePlus-Fx Updated 

The pair was supported by rising Treasury yields, which, in turn, supported Japanese exporters and the Nikkei 225. The Nikkei's spectacular rally put additional pressure on the safe yen. The yen weakened against all currencies in principle, which could be observed on the charts (about the same impulsive movement as for the USDJPY pair). A breakout of the...

TradePlus-Fx Updated 

At the moment, the likelihood of the continuation of the downtrend movement in the Euro (especially against the US dollar) remains. At this time, the Canadian receives support from buyers after the release of labor market data on Friday. Considering the above, there is a high likelihood of a rush buy from 1.44060. Do not hold long positions for a long time, and it...

TradePlus-Fx

Prospects for oil prices, to a greater extent, would add up to their growth or at least consolidation in the range of ~ $ 78–82. Deficit reduction is progressing more slowly than planned. The oil market is still in deficit, but not as before in view of the beginning of a small, but still consistent, softening of quotas by OPEC +. The decision by OPEC and its...

TradePlus-Fx

Bitcoin is trading at 54,000. At the moment, everything indicates the presence of a bullish trend for the instrument. As part of the BTCUSD rate forecast, a test of the price range area 50.406 - 52.966 (support area) is expected. Where can we expect an attempt to continue the growth of the instrument and the further development of the upward trend. The target of...

TradePlus-Fx Updated 

The decision by OPEC and OPEC + on Monday to keep the plan for a gradual increase in oil production was prompted by fears that demand and prices could weaken. The group also considered the possibility of increasing production by 800,000 barrels per day, which is almost 1% of global production, ahead of Monday's meeting. Now the OPEC countries are more cautious,...

TradePlus-Fx Updated 

Uncertainty over the additional impact Brexit has on supply chains, wages and prices appears to have further dampened investor sentiment. There is evidence that the wages of British workers are rising. However, at present, few expect wage growth for the majority to keep pace with inflation, which means that real income, and therefore demand, is likely to...

TradePlus-Fx Updated 

The oil is supported by reports that Saudi Arabia lowered its November export oil prices for Asia, the Mediterranean countries, Europe and the United States. Also, a positive factor for the oil market in recent days was the decision of the OPEC + states to maintain the previously adopted plan to increase oil production, despite the growth in demand amid a sharp...

TradePlus-Fx Updated 

Following the results of today's meeting on the RBA monetary policy, the head of the Central Bank F. Lowe has presented an accompanying statement on monetary policy. According to the statement, the rate will not be raised until 2024. Analysts predict that the economic expansion of Australia would continue in the near future, after a series of measures (for...

TradePlus-Fx Updated 

A string of economic news from Australia is expected on Tuesday. The main event is the RBA's decision on the interest rate, of course. In anticipation of this event, the weakening of the Australian dollar is noted. In particular, there is the option of selling a currency pair AUDJPY. Proposed deal for this tool: Entry Point - 80.621 (Sell-Stop) Stop Loss -...

TradePlus-Fx

GOLD moves smoothly in a downtrend channel , the resistance line of which is unlikely to allow a recovery in prices. The technical picture for the instrument continues to point to further downside potential, with the yellow metal expected to decline further as the Fed begins its tightening cycle.

TradePlus-Fx

The Bitcoin cryptocurrency, having broken through the resistance line of the downtrend channel, completes the trading week near the 48.000 area. Meanwhile, the resistance area became the support area (~ 43.956.20 - 46.902.30). The Bitcoin coin rate for the coming week suggests an attempt to develop a correction to the area of ​​43.956.20 - 46.902.30. Where, most...

TradePlus-Fx Updated 

EURCHF was approaching 1.07 in August, but lately the pair has moved higher and was briefly above 1.09. Some analysts expect to see EURCHF at 1.11 in 12 months. It may be realized on high eurozone CPI. Proposed deal for this tool: Entry Point - 1.07883 Stop Loss - 1.07657 Take Profit - 1.08108

TradePlus-Fx Updated 

It is assumed that the pound may continue to receive support amid the likelihood of a rate hike in 2022. Some analysts believe that after last week's meeting of the monetary policy committee (MPC) may announce a small rate hike in February. This opinion gives hope to the bulls. However, we cannot exclude this fact and say that the pound will not meet many...

TradePlus-Fx Updated 

In the short term, the NZD appears to be a safer bet than the AUD. Both currencies are under pressure from the fundamental factors of the Chinese market. Against this background, the New Zealander looks more optimistic than his fellow Australian. Proposed deal for this tool: Entry Point - 1.04299 Stop Loss - 1.04529 Take Profit - 1.04068

TradePlus-Fx Updated 

The results of the elections in Germany did not bring any surprises, so the markets took them calmly, and the Euro began a new week with an increase. Overall, EURUSD has upside potential today, supported by the results of the elections in Germany and the general bullish sentiment in the markets. Support at 1.17050 will serve as an excellent entry point for today....

TradePlus-Fx Updated 

The Bank of Canada is increasingly preparing the markets for tightening monetary conditions in the country by both reducing the size of bond purchases and raising rates in the second half of 2022. However, the Canadian economy's dependence on oil continues to be a weak link for CAD, tying it to the growth prospects of the global economy and manufacturing. It is...

TradePlus-Fx

There was no negative news for the oil market following the September Fed meeting. Interest rates and asset purchases remained unchanged, although the rhetoric continued to escalate. In particular, the Fed announced its readiness to make a decision to start cutting the asset purchase program at the next meeting. Additionally, an increase in expectations for the...