The peak of the vacation season is reflected in financial markets – finally. However, stability in markets cannot be attributed to the warm weather, but soothing words from both sides of the Atlantic.
The pair continued the upside formation with a bullish acceleration this past Monday. Since EUR/USD had found the bottom on August 1, and MACD trend indicator signalled a crossover, which was
From the long-term point of view, the pair could have found a local bottom or even a reversal point. On the short-term outlook, EUR/USD remains vulnerable to the consolidative sideways range with a
The most popular currency pair charted a bearish breakthrough and printed the lowest exchange rate since July 2017. The hourly chart below shows all of the price action last week. WHat’s interesting
The screenshot below shows compressed 15-minutes timeframe of the price action throughout the past week. Although EUR/USD did not leave the same sideways channel from the previous week, the intraday
The 15-minutes chart below shows six trading cycles based on RSI oscillator’s trading signals, which used to work in the past week. Four of them were based on RSI divergences as the price action was
The week starts on a positive note. The reason for this is the last summit in Japan. This summit was noted for several events. The first is the resumption negotiations between the USA and China. The
Significant shifts, sharp price swings and enormous volatility were noticed in the binary options market in the second half of the past trading week. The main driver for those events was the change
The release on the USA labor market, which was released last Friday, really surprised everyone. Outside the agricultural sector of the United States in May, only 75 thousand jobs were created. This,
Binary options traders noticed a volatile price action for most of the financial assets in the first week of June despite the start of the summer vacation season. Monetary policy driving the markets,
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