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Gold analysis 02.06.2020

02.06.2020

Market Review

Gold prices fluctuated in a narrow range tilted to the upside during the Asian session, while neglecting the positive stability. Opening world economies against tensions between Washington and Beijing and the protests in the United States.

 

At exactly 03:55 AM GMT, gold price futures for next August delivery rose 0.10% …

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JPYUSD analysis 02.06.2020

02.06.2020

Market Review

The fluctuation of the US dollar in a narrow range tilted to the upside during the Asian session against the Japanese yen, following the developments and economic data that it followed from the Japanese economy, amid the scarcity of economic data by the US economy, the largest economy in the …

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NZDUSD technical analysis 02.06.2020

02.06.2020

Market Review

NZDUSD 

The pair is correcting downwards after a noticeable rise caused by the optimistic outlook for the global economic recovery as countries lift lockdowns. After a possible slight correction, expect the pair to grow further.

Technical side:

The price is above the middle Bollinger band, below SMA 5, but above …

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Trading ideas for the PJSC Tatneft 02.06.2020

02.06.2020

Market Review

#TATN

Oil continues to rise in price amid the production cuts and increasing demand.

The company’s shares are trading in the range of the lower boundary of the flat range. Breaking through the resistance level of 552.00 will result in the formation of an ascending pattern of 1-2-3. Also, Stochastic …

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EURGBP analysis 02.06.2020

02.06.2020

Market Review

EURGBP 

The overall trend is upward. The currency pair is trading in the range of the round important level 0.8900. Breaking through the round secondary level of 0.8920 will result in the formation of an ascending pattern of 1-2-3. Stochastic Oscillator indicator signals oversoldness.

Trading recommendations:

Buy above the round …

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AUDUSD analysis 01.06.2020

01.06.2020

Market Review

The Australian dollar rose by more than one percent during the Asian session to witness its highest since February 13 against the US dollar, following developments and economic data that were reported by the Australian economy and the Chinese economy as Australia's largest trading partner and on the cusp of …

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EURUSD analysis 01.06.2020

01.06.2020

Market Review

The single currency fluctuated the euro in a narrow range slashing up during the Asian session to witness its stability near the top in more than two months against the US dollar on the cusp of developments and economic data expected on Monday by the economies of the euro area …

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Gold analysis 01.06.2020

01.06.2020

Market Review

Gold prices fluctuated in a narrow range tilted to the upside during the Asian session to witness the highest since May 18, when it experienced the highest since April 14 and reversed the highest in eight years, with the decline in the US dollar index according to the inverse relationship …

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USDJPY analysis 01.06.2020

01.06.2020

Market Review

The fluctuation of the US dollar in a narrow range that tends to decline during the Asian session against the Japanese yen, following the developments and economic data that were followed by the Japanese economy and on the cusp of developments and economic data expected on Monday by the US …

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USDCAD technical analysis 01.06.2020

01.06.2020

Market Review

USDCAD

The pair dropped below the strong support level of 1.3735 amid today’s positive economy data in China. Caixin manufacturing PMI in May rose to 50.7 points, above the expected 49.6 points, and above April’s 49.4 points. This contributes to the optimistic outlook for China’s economic recovery, which also supports …

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