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  • Gilead rose after it priced remdesivir – FBS

    What happened? Gilead Sciences has priced this Monday its coronavirus-fighting drug – remdesivir. The price will depend on the buyer. For example, the US government will have to pay $2 340 for a 5-day course of the drug, US private insurance companies – $3 120. Also, they will significantly cut prices to nearly $500 for developing ...
  • Nasdaq: momentum is strongly upwards – FBS

    Nasdaq may reach new highs soon. Get ready with us! Fundamental outlook The coronavirus pandemic was devastating for service, tourism and hospitality industries. In opposite, it turned out beneficial for tech companies. The lockdown restrictions forced people to stay at home and binge-watch Netflix, order online home deliveries through Amazon and even work remotely and use cloud services and Microsoft’s Teams video-conferencing ...
  • How Lagarde’s speech will affect EUR? – FBS

    The ECB’s president Christine Lagarde warned about the complicated economic recovery. Bears got stronger. Summary of Lagarde’s report The head of the ECB claimed that “the recovery will be incomplete and may be transformational”. She emphasized that the return to pre-crisis levels is unlikely to happen soon. It will be especially hard for airline, hospitality and entertainment industries to ...
  • USD/JPY: changing platforms – FBS

    Seasons After devastating March and humiliating April, May’s recovery brought hopes, positivism, and optimism to the markets. We can see that the USD has been gaining value against the safe-haven JPY almost the entire month. There was a pause at stage 2 after a shaky upswing at stage 1, then stage 3 followed with a spectacular ...
  • USD: doomsday looming? – FBS

    Below the surface Whenever there is a slightest wind blow in the economic environment, investors run for safety and end up with piles of the USD in hand. The world is used to perceive the US dollar as a universal safe haven and doesn’t seem to doubt the reliability of the American currency in this sense. ...
  • GBP: strategic considerations – FBS

    Rise and fall of empires Some 500 years ago, Spanish Empire used to be “the empire on which the sun never sets”. Gradually, it plunged into decline and passed its crown of the mightiest state in the world to the British Empire. Eventually, the latter also seized to exist, recognizing the freedom of its crown jewel, ...
  • EUR/USD: technical outlook – FBS

    Mid-term: fundamental The recent economic announcements bring brighter expectations to the European market. The ECB’s increase in the bond-buying program by 600bln Euro gives more reassurance that there will be a swifter recovery. The European stock market takes on a risk-on mood and marches ahead of the US stocks, indirectly adding positives vibes to the EUR. ...
  • AUD: going pre-crisis – FBS

    Technical This week, the AUD has been one of the strongest currencies on the Forex market. Currently, it is at pre-crisis levels against the JPY and the USD. Trading this high, it is testing the long-term downtrends at 0.7000 for the AUD/USD and 76.00 for the AUD/JPY. The question is, even if it does break it, ...
  • Things to know to trade EUR – FBS

    The EUR has been climbing up over a week. Some investors expect a soon resistance, while others have only a bullish prospect. Here below you’ll find main factors that move EUR. ECB meeting on June 4 June 4 is the big day for EUR. The ECB’s head, Christine Lagarde, will make a rate statement and hold a ...
  • Goldman Sachs bets against USD – FBS

    Has the US dollar lost a top position forever? According to Goldman Sachs strategists, now is the perfect time to go short on the US dollar. Perhaps, you’ve noticed it already as USD dropped against almost every currency. Investors prefer EUR and riskier currencies such as AUD, GBP and CAD. Why? The first reason is that economies are ...
  • Why USD/CAD dropped and for how long? – FBS

    CAD will get fresh volatility after BOC statement on June 3 at 17:00 MT time. The Canadian dollar has enormously outperformed the US dollar. Just look at this swing below! USD/CAD broke through the 100-day moving average(MA). Now it’s headed towards the 200-day MA at 1.345. If it manages to break through it, it will dip down ...
  • GBP: expect turbulence in June – FBS

    The British pound entered summer higher against USD and EUR. What’s the reason? Risk-on and weak USD Donald Trump didn’t announce any direct sanctions against China on Friday. Investors interpreted his speech as the sign that the trade deal between the USA and China may not be abandoned. As a result, the market sentiment improved and pushed ...
  • Oil rally takes breath – FBS

    Oil prices have been climbing up for a long time. What have stopped them? Supply-demand question First of all, prices fell on Wednesday after the API reported a surprisingly large crude build. It was reported an 8.7-million-barrel build, while analysts expected a 1.9-million-barrel draw. On Thursday US commercial crude oil inventories rose by 7.9 million barrels from ...
  • EUR/USD: who gets what – FBS

    General The performance of the EUR/USD has started being pretty interesting. Recently, the price breached the local resistance of 1.1000 clearing the way to the lower 3-month resistance of 1.1140. Technically, reaching there is a matter of just one confident leap, which may well occur throughout the day. But staying there would require a mid-term fundamental ...
  • Downside target for USD/CAD – FBS

    Forex Market Analysis: USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips. The pair closed below the April-May support line and the 50% Fibo retracement of the 2019-2020 advance. As you may see on the chart, the price broke out of the consolidation range within which it had ...
  • Trade Signals: GBP/AUD: bearish reversal – FBS

    Forex Market Analysis: GBP/AUD has breached the support line from August 2019. What is happening at the chart looks like a pretty big change. The bullish trend is reversing down. On Thursday, the pair closed below the 100-day MA at 1.9450 and this level will act as resistance. The further resistance levels lie at 1.9600 ...
  • Trade Signals: Technical levels for GBP/USD – FBS

    The movement in GBP/USD hasn’t started yet, but it surely will. For now the pair’s consolidating in the 1.2390/1.2295 area. The upside is limited by the short-term resistance line since April 15. Support is provided by the 200-period MA on the H4. A break below it will lead the price down to 1.2170 and 1.2030 ...
  • Trade Signals: NZD/USD is pulling down – FBS

    Forex Trade Signals: NZD/USD may be on the verge of breaking to lower levels. The pair formed a doji candlestick with a long upper shadow on the D1 – this is a bearish sign. The declining 50-day MA is capping the prices at 0.6110. On the H4, we see that the price has made a ...
  • EUR/USD has breached support – FBS

    EUR/USD had been testing the support line connecting March and April lows. On Thursday, the pair slipped below this line. The following retest of 1.0880 provided resistance and made the price turn down. Currently we are witnessing a kind of a “Falling three” pattern on the H4 chart. A close below 1.0815 will open the ...
  • Trade Signals: GBP-three factors – FBS

    Technicals Strategically, the British pound is slowly sliding down against the USD. If we were to take into account only the performance of 2018-2019, it would look even sideways within the range of 1.2000 – 1.3334 (with the exception of the last virus-forced downswing). However, the larger picture suggests a gradual downward movement. It is reflected by the ...
  • USD/JPY is pressured by resistance – FBS

    Forex Analysis: USD/JPY has declined from 111.70 and went into consolidation around 107.50. On the D1, we can see that yesterday’s attempt of bulls to bring the price higher failed: the candlestick has a long upper wick and closed below all the key daily moving averages. The United States will release ISM Manufacturing PMI at 17:00 ...
  • Trade Signals: STOCKS – mystery ahead FBS

    Biology The virus spread is probably going through its toughest phase in Europe and the US, and its good news. Although the numbers of mortal cases being at their highest rates in Spain and Italy scream with human astonishment, both countries report that the expansion halted its dynamic. Statistically, that means the curve of the infected ...
  • GBP/USD: outlook remains bearish – FBS

    In the current financial turmoil, the British pound doesn’t look like the currency of choice. At least, not versus the US dollar or the Japanese yen. GBP/USD retraced more than 78.6% Fibonacci of the 2019 advance. Last week was the worst for the pair since the Brexit referendum. Despite the fact that the pair is oversold ...
  • USD/JPY tries to recover – FBS

    After testing the lowest levels since 2016 in the 101.18 area earlier this week, USD/JPY turned up and returned above 105.00. On the H4, the pair formed a higher low and rose above the 50-period MA. Japan announced the unscheduled purchase of 200 billion yen ($1.90 billion) in government debt. The news has weakened the yen. USD/JPY ...
  • EUR/CAD: correction time? – FBS

    After opening the week with a gap up, EUR/CAD formed two inside bars on the D1. This is the sign that the advance has run out of steam. The pair is awaiting the actions and comments of the European Central Bank. The ECB will announce its policy changes at 14:45 MT time and hold a ...
  • USD/CHF: levels for trading – FBS

    The decline of USD/CHF from February highs to March lows was epic. The pair reached support at 0.9185 (2018 low) and turned up on the W1 (notice that the reversal candlestick at this timeframe still hasn’t been formed) and the D1. The next obstacles on the upside lie in the 0.9400/15 area and at 0.9440 ...
  • Key levels for EUR/USD ahead of NFP – FBS

    EUR/USD has reached December high at 1.1240 and is actively testing levels above it. The picture at the chart changes very fast. Traders don’t really like the USD at the moment, so the pair will easily get to 1.1295 (the line connecting October and December highs). There it will likely meet some resistance ahead of ...
  • Want to choose a currency pair? Consider EUR/JPY – FBS

    If you don’t want to deal with the violent moves of the USD these days, consider crosses, for example, EUR/JPY. The currency pair has been moving down since the start of January as the yen strengthened on the rising demand for safe havens. On the W1 chart, there are many negative signs: the 50-week MA limits ...
  • USD/JPY: changing platforms – FBS

    Seasons After devastating March and humiliating April, May’s recovery brought hopes, positivism, and optimism to the markets. We can see that the USD has been gaining value against the safe-haven JPY almost the entire month. There was a pause at stage 2 after a shaky upswing at stage 1, then stage 3 followed with a spectacular ...
  • AUD: going pre-crisis – FBS

    Technical This week, the AUD has been one of the strongest currencies on the Forex market. Currently, it is at pre-crisis levels against the JPY and the USD. Trading this high, it is testing the long-term downtrends at 0.7000 for the AUD/USD and 76.00 for the AUD/JPY. The question is, even if it does break it, ...
  • Currencies, oil and gold: a brighter picture – FBS

    Focus of the week: currencies, oil & gold The market keeps fighting through uneasy times. Today, however, the picture seems to be sunnier than at the beginning of the week. Currency table is relatively balanced in favor of the US dollar, the oil and gold prices made a step up. Currencies Strategic uncertainty supports the US dollar, ...
  • GOLD: back to indifference – FBS

    Defying the natural On the daily chart, we see gold behaving in a very strange way. In December-January, when the US-China trade agreement was announced to be sealed and was finally signed, it was rising (what?). When the virus struck and went “wild” in January-February, gold barely moved a finger (again, what?). That’s not an exaggeration ...
  • 3 stocks that did not back down to the virus – FBS

    Walmart: standing tall: While a number of stocks lost up to 50% of their value because of the coronavirus, Walmart, although going through obvious turbulence, did significantly better than 99% of its peers. Ironically enough, its performance in 2020 is +1%. Under normal market conditions, it would hardly be a reason to brag. But when the ...
  • NZD/CAD: another bearish candidate – FBS

    Key indicators: Performance in 2020: -5%, Last day range: 0.8257 – 0.8482, 52-week range: 0.8015 – 0.9281 What’s happening? NZD/CAD trades at 0.8349, testing the lows of Summer-2019, -2018, and -2015. The support for all is at 0.8237. Crossing this strategic threshold paves the way to the 7-year low of 0.8032. Given the current situation for the NZD and ...
  • USD/CHF: two-year lows – FBS

    Key indicators: Performance in 2020: -0.8%, Last day range: 0.9550 – 0.9584, 52-week range: 0.9520 – 1.0236 What’s happening? The USD dropped to its two-year lows against the Swiss franc. 0.9577, where it is now, was last visited by the USD/CHF in March 2018. That doesn’t change much in historical terms (this level is an average the currency has ...
  • EUR: another winner in the field – FBS

    Key indicators: Performance in 2020: -0.6%, Last day range: 1.1037 – 1.1184, 52-week range: 1.0780-1.1515 Euro’s winning spree: The euro has been in decline against the US dollar since the very beginning of 2018. That means, for more than two years. Now, this long-term trend is put to a test. Who would know that it would be Coronavirus that ...
  • JPY: Forex reconquest – take two – FBS

    Key indicators: Last day range: 107.36 – 108.37, 52-week range: 104.43 – 112.40 What’s happening? We have spoken about the JPY’s return already, and now we need to speak of it again. Why? Look at the chart. There is hardly any other currency on the Forex market against which the USD lost so much value in the last weeks. The ...
  • JPY: the Forex market reconquest – FBS

    Key indicators: Performance in 2020: +2.4%, Last day range: 109.55 – 110.44, 52-week range: 104.46 – 112.40 Yellow-zone alert: Now that the Coronavirus is reducing its pace of expansion inside China and increasing its conquest globally, the markets woke up to the probability of having it at a pandemic level. The USD is no longer a bastion of safety as ...
  • Why did gold turn down? And did it really? – FBS

    XAU/USD is consolidating after spiking to the 7-year high at $1,689. If we compare the current price action on the D1 with what was seen in January (the price spiked up and then consolidated without declining much), we’ll see that there are more candlesticks with long upper shadows – a sign that there are sellers ...
  • Technical Analysis AUD/USD: 11-year lows – FBS

    Key indicators: Performance in 2020: -6%, Last day range: 0.6582 – 0.6620, 52-week range: 0.6582 – 0.7203 Go strategic: Rarely a monthly chart adds much value to short- and mid-term assessments of a currency pair performance. But not this time. Currently, the AUD/USD is at 0.6617. The last time it has been this low was March 2009. 11-year low! That ...
  • NZD/JPY: Three Swings – FBS

    Sudden beauty: Rarely can you see such a symmetric cascade of several swings presented by a currency price. NZD/JPY seems to be in a moment of indecisiveness between the support of 70.000 and resistance 71.300. Fundamentals: As you can see, this wavy sideways movement has started at the beginning of February – that’s when, instead of seeing the ...
  • PALLADIUM: $500 to $2,500 – FBS

    Key indicators: Performance in 2020: +33%, Last day range: $2,506 – $2,592, 52-week range: $1,267 – $2,592 What’s happening? Nothing special, just palladium used to trade at $500 per ounce five years ago, and recently it reached $2,500. Few items in Forex show a similar rising dynamic, if any. Currently, the metal trades at $2,592, which is an all-time ...
  • Gilead rose after it priced remdesivir – FBS

    What happened? Gilead Sciences has priced this Monday its coronavirus-fighting drug – remdesivir. The price will depend on the buyer. For example, the US government will have to pay $2 340 for a 5-day course of the drug, US private insurance companies – $3 120. Also, they will significantly cut prices to nearly $500 for developing ...
  • Nasdaq: momentum is strongly upwards – FBS

    Nasdaq may reach new highs soon. Get ready with us! Fundamental outlook The coronavirus pandemic was devastating for service, tourism and hospitality industries. In opposite, it turned out beneficial for tech companies. The lockdown restrictions forced people to stay at home and binge-watch Netflix, order online home deliveries through Amazon and even work remotely and use cloud services and Microsoft’s Teams video-conferencing ...
  • How Lagarde’s speech will affect EUR? – FBS

    The ECB’s president Christine Lagarde warned about the complicated economic recovery. Bears got stronger. Summary of Lagarde’s report The head of the ECB claimed that “the recovery will be incomplete and may be transformational”. She emphasized that the return to pre-crisis levels is unlikely to happen soon. It will be especially hard for airline, hospitality and entertainment industries to ...
  • USD: doomsday looming? – FBS

    Below the surface Whenever there is a slightest wind blow in the economic environment, investors run for safety and end up with piles of the USD in hand. The world is used to perceive the US dollar as a universal safe haven and doesn’t seem to doubt the reliability of the American currency in this sense. ...
  • GBP: strategic considerations – FBS

    Rise and fall of empires Some 500 years ago, Spanish Empire used to be “the empire on which the sun never sets”. Gradually, it plunged into decline and passed its crown of the mightiest state in the world to the British Empire. Eventually, the latter also seized to exist, recognizing the freedom of its crown jewel, ...
  • EUR/USD: technical outlook – FBS

    Mid-term: fundamental The recent economic announcements bring brighter expectations to the European market. The ECB’s increase in the bond-buying program by 600bln Euro gives more reassurance that there will be a swifter recovery. The European stock market takes on a risk-on mood and marches ahead of the US stocks, indirectly adding positives vibes to the EUR. ...
  • Things to know to trade EUR – FBS

    The EUR has been climbing up over a week. Some investors expect a soon resistance, while others have only a bullish prospect. Here below you’ll find main factors that move EUR. ECB meeting on June 4 June 4 is the big day for EUR. The ECB’s head, Christine Lagarde, will make a rate statement and hold a ...
  • Goldman Sachs bets against USD – FBS

    Has the US dollar lost a top position forever? According to Goldman Sachs strategists, now is the perfect time to go short on the US dollar. Perhaps, you’ve noticed it already as USD dropped against almost every currency. Investors prefer EUR and riskier currencies such as AUD, GBP and CAD. Why? The first reason is that economies are ...
  • Why USD/CAD dropped and for how long? – FBS

    CAD will get fresh volatility after BOC statement on June 3 at 17:00 MT time. The Canadian dollar has enormously outperformed the US dollar. Just look at this swing below! USD/CAD broke through the 100-day moving average(MA). Now it’s headed towards the 200-day MA at 1.345. If it manages to break through it, it will dip down ...
  • GBP: expect turbulence in June – FBS

    The British pound entered summer higher against USD and EUR. What’s the reason? Risk-on and weak USD Donald Trump didn’t announce any direct sanctions against China on Friday. Investors interpreted his speech as the sign that the trade deal between the USA and China may not be abandoned. As a result, the market sentiment improved and pushed ...
  • Oil rally takes breath – FBS

    Oil prices have been climbing up for a long time. What have stopped them? Supply-demand question First of all, prices fell on Wednesday after the API reported a surprisingly large crude build. It was reported an 8.7-million-barrel build, while analysts expected a 1.9-million-barrel draw. On Thursday US commercial crude oil inventories rose by 7.9 million barrels from ...
  • EUR/USD: who gets what – FBS

    General The performance of the EUR/USD has started being pretty interesting. Recently, the price breached the local resistance of 1.1000 clearing the way to the lower 3-month resistance of 1.1140. Technically, reaching there is a matter of just one confident leap, which may well occur throughout the day. But staying there would require a mid-term fundamental ...
  • AT&T: a dark horse of a subscription world – FBS

    You’ve probably missed this news while being too busy following Netflix. Here it is: this week, on May 27, the longtime cable TV provider AT&T will launch HBO Max – a new streaming platform. This is indeed a big announcement for a company, which is about to enter a crowded streaming market conquered by Disney, ...
  • GBP: long-term risks – FBS

    The British pound is going through uneasy times, and it is only fair to ask how it will manage this year. Let’s break down the risks that the future holds for this currency to get prepared in advance. Virus fallout So far, getting out of the trap caused by the virus is obviously the main obstacle for ...