Trading recommendations for the GBP/USD pair on August 10
Speculative activity may push the quote towards the psychological level of 1.3000. Details and trading ideas are inside the article.
Trader's diary on 08/10/2020. EURUSD
What is the next level for sales?
Trading recommendations for the EUR/USD pair on August 10
Is it worth working on a corrective move or is another price bounce awaiting us? All the details and trading recommendations can be found inside the article
Indicator analysis. Daily review on GBP / USD for August 10, 2020
The pair traded downward on Friday and tested 1.3050 - a 14.6% pullback level (red dotted line). Today the downward movement may continue. Economic calendar news for the dollar is expected at 14:00 UTC.
Strong report on the US labor market and the likely rise in tensions give the dollar a chance to strengthen; Overview of USD, EUR, and GBP
The report on the US labor market in July was unexpectedly strong and completely out of line with the data obtained in the ADP and ISM polls. 1.783 million new jobs were created against the forecast of 1.6 million
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Analysis and forecast for GBP/USD on August 10, 2020
An important factor is the formed weekly candle, which can be considered a reversal model of the "Rickshaw"
Technical analysis of GBP/USD for August 10, 2020
The GBP/USD pair is still trading upwards from the level of 1.3050. Last week, the pair rose from the level of 1.3050 (weekly support) to the top around 1.3148.
Trading idea for the EUR/USD pair
Dollar rises amid good data on US labor market.
Indicator analysis. Daily review on EUR / USD for August 10, 2020
The pair traded downward on Friday and almost tested 1.1741 - a 23.6% pullback level (red dotted line). Today the price may continue to move down. Economic calendar news for the dollar is expected at 14:00 UTC.
Trump proposes to reduce unemployment benefits
Donald Trump bypassed lawyers, saying he has the right to defer payroll taxes. And after negotiations with the Congress regarding a new package of measures failed, Trump proposed to reduce benefits.
Hot forecast and trading recommendations for EUR/USD on 08/10/2020
The dollar's strengthening on Friday is certainly not yet a full-fledged correction, and today's job openings data are intended to confirm assumptions about a recovery.
Dollar's growth is just a correction and nothing more (resumption of growth in the EUR/USD and AUD/USD pairs is expected)
The markets have been eagerly waiting for the release of important data on US employment over the past week, which could show how deeply the US economy is getting stuck in the coronavirus pandemic and whether it will be able to recover strongly in the near future.
Trump bans TikTok and WeChat. Meanwhile, oil is to collapse soon.
Trump signed a couple of bans to Chinese tech companies like TikTok and WeChat, the reason for which is that these companies are not safe in terms of privacy.
Brief trading recommendations for EUR/USD and GBP/USD on 08/10/20
Here's the prospect of price development using trend lines without complicated terms. Read all the details and forecasts inside the article
Knight's move: Trump's questionable decrees bypassing Congress put pressure on the dollar
The US dollar starts the trading week in difficult conditions. The current situation in the United States smacks of a political crisis, which could turn against the US currency.
Predstavljamo Vam svakodnevno ažuriranu sekciju analiza, koja se sprovodi od strane profesionalnih analitičara kompanije InstaForex. Svaki od stručnjaka koji su predstavljeni u ovom odeljku, vrši analitička istraživanja u skladu sa svojom vizijom trenutne situacije na međunarodnom Forex tržištu. Međutim, sve predstavljeno u opisu nije direktna preporuka ili razlog za akciju, jer ona sadrži isključivo analizu trenutne situacije na valutnom tržištu. U određenim slučajevima mišljenja analitičara o promenama trenutne tržišne situacije se mogu razlikovati, ovim putem, preporučujemo Vam da pratite publikacije samo jednog analitičara, koji je po Vašem mišljenju najjasniji i pravilno ocenjuje situaciju na međunarodnom Forex tržištu.
