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EUR/USD. April 20, 2021 | Euro is trying to reach the level of 1.21 The US dollar continues to fall in price against the euro, approaching 1.2100. The current quote for the EUR/USD pair is 1.2070. The American currency is declining even despite the growth of government bond yields, strong data on employment and retail sales. At the same time, the euro was supported by an increase in the forecast of the investment bank Goldman Sachs, whose analysts adjusted the three-month target for the EUR/USD pair from 1.21 to 1.25. The outlook was upgraded amid expectations that the situation in t

EUR/USD. April 19, 2021 | Euro has reached 1.2040 EUR/USD is showing strong gains at the start of the new trading week, reaching 1.2040. The macroeconomic calendar is empty today, so the main factor behind the weakening of the US dollar is still the decline in the yield on 10-year US government bonds. At the same time, even positive statistics on retail sales in the United States did not help the greenback improve its positions in a pair with the euro. As a reminder, last week a report was published, according to which retail sales in March rose sharply by 9.8% m/m after falling by 2

Oil market. April 15, 2021 | Brent remains in the area of monthly highs On Thursday, oil prices continued to be in the area of monthly highs, thanks to improved forecasts for global fuel demand. The current Brent quotation is $66.30 per barrel. Prices were supported by a report from the International Energy Agency (IEA), according to which oil demand is expected to grow by 5.7 million barrels per day in 2021 compared to 2020. And this is 230 thousand barrels per day more than previously predicted. The Organization of the Petroleum Exporting Countries (OPEC) has also improved its fore

GBP/USD. April 14, 2021 | Pound weakened after the release of GDP data The upward dynamics of the pound did not develop and the GBP/USD pair began to decline from the level of 1.3810. The current quote for the pair is 1.3750. The pressure on the British currency was exerted by weak statistics, according to which GDP growth for the month amounted to only 0.4%, while the forecast was 0.6%. On an annualized basis, the indicator also fell short of the forecasted values, demonstrating -7.8% instead of -7.3%. At the same time, the volume of production in February increased by 1.0% against

Expand your investment portfolio with new instruments Dear clients of the company, we are pleased to inform you about the launch of new trading instruments which will help significantly diversify your investment portfolio. Now ForexMart offers trading in oil (#BRENT.z) and several exotic currency pairs (GBPTRY.fx, USDRUB.fx, EURCZK.fx, GBPCZK.fx, GBPHUF.fx, EURRUB.fx, USDTRY.fx, EURTRY.fx). In the light of recent events on the world market, the cost of energy carriers fluctuates significantly. Now ForexMart clients have a great opportunity to use a new commodity asset in their

Brent. April 13, 2021 | Oil is stable amid positive external background Brent is on the rise on Tuesday, reaching $63.70 a barrel. Prices are supported by growing tensions in the Middle East, where Yemeni Houthis fired on Saudi Arabia's oil infrastructure the day before. An additional factor supporting «black gold» is optimism associated with the acceleration of vaccination rates and the improvement of the epidemiological situation in the world. On Sunday, US Federal Reserve Chairman Jerome Powell noted during his speech that the growth rate of the United States economy will accelera

Brent. April 12, 2021 | Oil rises moderately at the start of a new trading week Brent crude oil continues to trade above $63 per barrel. The current quotation of the asset is $63.80 per barrel. Today, oil prices have started to rise on optimism about the recovery of the US economy, but the new wave of Covid-19 in Asia is limiting the rise in quotations. In the United States, about 70 million people have already been vaccinated, and in Europe, after tightening restrictions, the number of new cases of the disease has declined. At the same time, a record number of cases are recorded in

EUR / USD. 08.04 | "Pin bar" from the level 1.1900 The EUR / USD currency pair has formed a pin-bar reversal pattern on the daily chart, rebounding from the resistance level of 1.1900, giving a signal to sell. At yesterday's trading, the EUR / USD price has renewed its maximum since March 23, 2020 at 1.1914. This week, the US dollar is under pressure, which allowed the pair to correct to the previously broken level of 1.1900. Apparently, the correction is coming to an end and the pair is ready to continue moving within the downtrend. It makes sense to take a closer look at the s

USD / CHF. 07.04 | Correction to line EMA 21 The US Dollar / Swiss currency pair dropped by about 600 points in yesterday's trading, to the 0.9300 resistance level, reinforced by the 21-day exponential moving average line - EMA 21. Today, the USD / CHF price has renewed its minimum since March 23, 2020 at 0.9282, trying to gain a foothold below the 0.9300 level. If sellers push through the indicated resistance, I expect a further decline to the level of 0.9200 and below, to the point of convergence of the EMA 60 and EMA 200 lines. In case of a rebound, a new upward wave. I will

April 06 | USD / JPY technical analysis: H4 chart, Pivot levels The pair US dollar against the Japanese yen started today trading under the daily and weekly pivot levels, then crossed them from the bottom up, but then turned around and moved to a decline. The price of USD / JPY rewritten the low since March 29 at 109.666, having tested the DS1 and WS1 levels. The pair is decreasing due to the general weakening of the American currency amid rising yields on government securities and US stock markets. Daily Pivot - 110.289; Daily Resistance 1 - 110.621, DR2 - 111.078, DR3 -

Brent. April 02, 2021| Oil starts to grow after the OPEC+ meeting The price of Brent oil started to rise after the announcement of the results of the meeting of the heads of the OPEC+ countries. At the moment, the quotes rose to the level of $65.03 per barrel, the current price of the asset is $64.70. The alliance, contrary to expectations, decided to gradually increase oil production within three months, starting in May. In particular, the collective increase in the current production level in May will amount to 350 thousand barrels per day, in June – 350 thousand barrels per day, a

GBP/USD. April 01, 2021 | British sterling is moderately recovering The GBP/USD pair continues to trade in the range of 1.37-1.38. The current quote for the pair is 1.3775. Sterling received support yesterday after the publication of UK GDP data, according to which the economy grew by 1.3% in the 4th quarter of last year. The actual numbers beat analysts' forecasts for a 1.0% q/q rise in GDP. By the end of 2020, the British economy fell by 7.4% y/y against the forecast of a failure of 7.8% y/y. The pound received additional support today from the data on business activity in th

The schedule changes during the Holy Easter holidays Dear clients, ForexMart congratulates you on the coming day of Holy Easter and draws your attention to some changes in the schedule and conditions of trade during the Good Friday (April 2) and Easter Monday (April 5) in the USA and Europe. Some changes will also affect the trading schedule on April 1 and 6. April 01, 2021: The trading index AUS200 will be closed at 4 p.m. April 02, 2021 (Good Friday): Trading Metals (XAUUSD, GOLD) will be unavailable all day long. Trading the following indices will be closed all day

GBP/USD. March 31, 2021 | Pound sterling is corrected after the release of GDP data The British pound is showing some strengthening today against the dollar after the publication of a block of economic statistics. The current quote for the GBP/USD pair is 1.3766. UK GDP in the IV quarter of 2020, according to the final data, grew by 1.3% q/q, while the forecast of an increase of 1.0% q/q. By the end of 2020, the British economy fell by 7.4% y/y against the forecast of a failure of 7.8% y/y. Such indicators can be considered positive, since by the end of a rather difficult year, the B

EUR/USD. March 30, 2021 | Euro continues to decline to multi-month lows The main currency pair continues to update its lows, reaching 1.1725. Sales of the European currency continue due to the deterioration of the situation with the coronavirus in the euro area, as well as against the background of the strengthening of the dollar, which is in demand due to the growing interest in «safe» assets. On Tuesday, the economic calendar is not of particular interest, but the rest of the week will be quite informative. Today it is worth paying attention only to the important release on the con