Is gold predictable now, at all? Let's consider some facts and observations.
EUR/USD ahead of the Fed's meeting
Information is not investment advice
Investors are cautious ahead of the Fed’s meeting. Many analysts predict a rate cut before the year-end. However, we know that the American central bank is unpredictable. If Mr. Powell gives any hints on the rate cut, the USD will fall, as a result, EUR/USD will rise. In the case of the hawkish tone of the chairman, the pair will suffer.
On the H4, the pair has been trading near the upper boundary of the downward channel (1.1206). A break above it will increase chances for the further rise. However, comments will be in priority.
In the case of the upward movement, targets are at 1.1213, 1.12355 and 1.1258.
In the case of the fall, the pair will move to 1.1187 and 1.1168. A breakthrough these levels will provoke a plunge to 1.1134-1.1127.
Gold has been losing value lately. But recently, it is back up. Is it a good time to buy?
S&P falling this much, this stock falling that much... Not all the stocks are like this! Some of them keep standing and defying the virus damage.
Will there be lower bottom with S&P or not? Let's analyze together.
How does the GBP/USD look like?
These days the US dollar has a lock on everyone’s attention. However, there are some interesting cross-currency movements that you can gain from.