GOLD: up to $1,600?
Coronavirus keeps disturbing China, and the world. Consequently, gold keeps rising. Reaching $1,600 is "if" or "when"?
EUR/USD: a negative scenario
Information is not investment advice
EUR/USD met resistance at 1.1280 last week: the euro made 3 unsuccessful attempts to break higher. Then the currency pair traveled lower, below 1.12. The fact that it broke below the 1.1280/1.1200 range on H4 indicates that it will likely follow through and go another 80 pips down targeting the area of 1.1120/00. The decline below 1.1180 (June low) should trigger a further selloff. This idea is in line with the weaker euro ahead of the European Central Bank’s meeting later this week.
Elizabeth Belugina
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GOLD: up to $1,600?
Coronavirus keeps disturbing China, and the world. Consequently, gold keeps rising. Reaching $1,600 is "if" or "when"?
TRY: questionable grounds
The Turkish Central Bank is on a rate-cutting path; on February 19 it will make another announcement. What's the logic behind?
How to trade WTI oil
WTI oil has reached our previous targets. On the W1, a big bullish candlestick engulfed the previous bearish one.
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