Daily reviews

USDJPY

The second wave of COVID-19 in Europe and the record-breaking number of new cases and death toll in America revived the demand for defensive assets. This creates interest in safe havens, including the yen. This market sentiment may lead to a further decline of the pair.

Technical side:

The …

Tuesday, October 27th, today’s news—HSBC, Europe's largest bank by assets, reported a better-than-expected profit of $3.07 billion, shares jumped 5%. Dow fell 700 points during yesterday's sell-off, but the markets are bouncing back, Asia-Pacific markets are mixed, European shares slip, oil is up, but the overall outlook is negative. The …

The single currency, the euro, fluctuated in a narrow range sloping to an upside during the Asian session, to witness its retracement to the sixth session in nine sessions from its lowest since late September against the US dollar on the cusp of economic developments and data expected today, Tuesday, …

Futures contracts for gold prices fluctuated in a narrow range slanting to rise during the Asian session amid the decline of the US dollar index according to the inverse relationship between them on the cusp of developments and economic data expected today, Tuesday, by the US economy, the largest economy …

AUDCAD

An H2 level ascending pattern is truncated. The currency pair is trading in the range of 365 and 135 moving averages. A bullish divergence has formed on Awesome Oscillator, while Stochastic Oscillator signals an overbought condition.

AUDCAD rate online: monitor the price movement in real time.

Trading recommendations:

Sell …

USDJPY

The pair found support at 104.65, forming a “rising flag” (trend continuation pattern). If the market mood changes after yesterday’s sell-off, the pair may turn up, while remaining within this pattern.

Technical side:

The price is above the middle Bollinger band, at the level of SMA 5 and SMA …

#GAZPROM
 

The company’s shares are trading at the March lows, and at the base of the May 2019 upward movement. At the same time, gas prices continue to grow, a record-breaking rise of over 10% was recorded yesterday.

A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals …

Monday, October 26th, today’s news—new COVID-19 cases in the US exceed the record-breaking 83,000 two days in a row. The American indices S&P and Dow slip as the pandemic pessimism rises, this factor also drives down the European markets, dollar gains as a safe-haven currency, oil prices drop amid demand …

Gold futures fluctuated in a narrow range that tends to decline during the Asian session, to witness its rebound to the fourth session from its highest since October 12, when it tested its highest since September 21, amid the US dollar index resuming rebound from its lowest since the second …

The US dollar fluctuated in a narrow range that tends to rise during the Asian session, to witness its rebound for the second session in four sessions from its lowest since September 21, when it tested its lowest since March 12 against the Japanese yen following developments and the economic …