years on the market
Tuesday, May 19th—today's news: the UK jobless claims jumped 70% in April. Dow Jones rose on the optimism over the new coronavirus vaccine, US Treasury yields drop. EUR/USD is at 1.0949, GBP/USD—1.2247; Brent oil is $34.59 per barrel, gold is $1,737.35. Read the daily selection of analytical reviews from Grand Capital experts to navigate the market during a time of volatility.
News of another successful coronavirus vaccine trial in the US supports the demand for risk assets and puts pressure on the dollar. Also, the proposal of France and Germany to create a 500 billion euros recovery fund to help the most affected countries in the eurozone, supports the EUR rate. Keep track of the rate changes in real time.
Trading recommendations: the pair will continue growing locally towards the upper limit of the 1.0760–1.1015 range.
The currency pair is trading in the range of 135 and 365 moving averages directed upwards. Awesome Oscillator shows bullish divergence, while Stochastic Oscillator signals oversoldness. Keep track of the rate changes in real time.
Trading recommendations: buy strictly when an ascending wave pattern is formed, where wave A breaks through the inclined channel of the descending (blue) pattern.
The US stock market is recovering after the pandemic-induced collapse. The US are gradually easing the quarantine measures, which has a positive impact on the economy. Keep track of the rate changes in real time.
Trading recommendations: buy above 136.00; stop loss: 114.00; target levels: 154.00, 185.00, 214.00.
Visit the new section on Grand Capital website to monitor the rate changes of your preferred instruments and get useful information to help you decide on a trading strategy.
*Trading recommendations offered by analysts do not constitute a solicitation. Before starting to trade on currency exchange markets, please make sure that you understand the risks connected with the use of leverage and that you have sufficient level of training.