InvestMacro

June 9, 2022 – Limassol, Cyprus

RoboMarkets Deutschland GMBH, a BaFin-regulated broker registered in Frankfurt am Main, announces the start of the provision of its services dedicated only to professional clients. To implement this new strategy, the company has launched a new brand, RoboMarkets Pro, with which it will continue its operations in Germany.

RoboMarkets Pro will focus on working with professional clients who are interested in cooperating with an EU-regulated broker and are in demand of specific investment products and trading conditions. This is a business-driven decision to satisfy the requirements and demand of German clients and provide them with access to special conditions for some assets, including DE40, stocks, currency pairs, and over 12,000 other instruments to invest in with leverage up to 1:300. RoboMarkets Pro clients will also get free swaps until the end of 2022 and many other tools for professional traders.

Maximilian Felske, General Manager of RoboMarkets Pro, said: “Professional traders are currently the most neglected group of clients in the brokerage business – we are therefore putting extra effort into paying more attention to them and making their trading more comfortable. If you’re a frequent trader that can be qualified as professional, there are many more benefits to trading with an EU-regulated broker than trading offshore.”

In the middle of 2018, when ESMA changed regulations and restricted higher leverage values for CFDs, a big percentage of active traders were forced to go offshore. Some of them did so because they had no other choice, as they did not meet the criteria to be classified as professionals; while others who went offshore had to work much more actively than the EU-regulated ones due to the general trends in the market. Since then, a lot of things have changed, with more and more clients operating with large volumes of shares, CFDs, and currencies. Consequently, the general recovery of the economy and the rise in asset prices fueled the growth of investor portfolios, which have become comparable to professional ones, thus requiring a new approach to the provision of services.

“We notice this group of clients has a rising demand for high-leverage products. The company will therefore focus on satisfying this, serving them in the best way – starting from an onboarding process and continuing with specific conditions for the most popular products: CFDs on major indices, major currency pairs, etc. Also, we strongly and categorically believe that for any solid and established brokerage group, it’s much more comfortable to have traders that are active mostly in the EU-regulated entities, rather than traders who are trying to onboard offshore units on their own initiative. Traders also are much more protected and comfortable while trading with the EU-regulated units because of the security, variety of deposit/withdrawal methods, and localised customer support provided”, Maximilian Felske added.

About RoboMarkets Pro

RoboMarkets Pro is the brand name of RoboMarkets Deutschland GmbH. RoboMarkets Deutschland GmbH is a German broker that’s supervised by the German Federal Financial Supervisory Authority under number 154068 and offers financial services to residents of EU/EEA countries. Find more detailed information about the Company’s products and activities on its website www.robomarkets.de.

Article By RoboForex.com

USDCHF, “US Dollar vs Swiss Franc”

In the H4 chart, after breaking the 200-day Moving Average, USDCHF is trading above to indicate a possible ascending tendency. In this case, the pair is expected to continue growing to reach the resistance at 5/8. However, this scenario may be cancelled if the price breaks the support at 4/8 to the downside. After that, the instrument may reverse and fall towards 3/8.

As we can see in the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue its growth.

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is trading below the 200-day Moving Average, thus indicating a descending tendency. In this case, the price is expected to test 3/8, break it, and then continue moving downwards to reach the support at 2/8. However, this scenario may no longer be valid if the price breaks the resistance at 4/8 to the upside. After that, the instrument may reverse and grow towards 5/8.

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Article By RoboForex.com

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD has formed a Hammer reversal pattern not far from the support area. At the moment, the asset is reversing in the form of a new ascending impulse. In this case, the upside target may be the resistance level at 1885.50. At the same time, an opposite scenario implies that the price may correct to reach 1843.00 before resuming the ascending tendency.

NZDUSD, “New Zealand vs US Dollar”

As we can see in the H4 chart, NZDUSD has formed a Hammer reversal pattern close to the support area. At the moment, the asset may reverse in the form of a new ascending impulse. In this case, the upside target may be at 0.6565. After that, the asset may break the resistance level and continue moving upwards. However, an alternative scenario implies that the price may correct to reach 0.6415 first and then resume its growth.

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, GBPUSD has formed a Harami reversal pattern near the resistance level. At the moment, the pair is reversing in the form of a new descending impulse. If the price breaks the support area, it may continue falling. In this case, the downside target may be at 1.2400. Still, there might be an alternative scenario, according to which the asset may correct to reach 1.2600 before resuming the downtrend.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

by JustForex

The EUR/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.0701
• Prev Close: 1.0716
• % chg. over the last day: +0.14%

The long-awaited ECB monetary policy meeting will be held today. It is highly likely that the ECB will formally announce the end of net asset purchases and schedule the first interest rate hike for July. Analysts are just trying to predict which step of the increase the ECB will choose. But given the conservatism of European politicians and Lagarde’s credibility, the best option is to start with a 0.25% hike. Statistical data also speaks in favor of such a step. The European labor market remains strong, and GDP showed 0.6% growth for the last quarter, higher than the expected 0.3%.

Trading recommendations

• Support levels: 1.0694, 1.0627, 1.0611, 1.0568, 1.0509, 1.0445, 1.0379
• Resistance levels: 1.0738, 1.0770, 1.0786, 1.0869

From a technical point of view, the trend on the EUR/USD currency pair on the hourly time frame is bullish. The MACD indicator is back above zero, the price is trading above the moving averages, and there is a slight buying pressure. Under such market conditions, investors can look for buy trades on intraday time frames from the support level of 1.0694, but only with confirmation and short targets. Sell trades can be considered from the resistance level of 1.0770, but only after the additional confirmation. The Euro may be very volatile today, so traders should be very attentive.

Alternative scenario: if the price breaks out through the 1.0611 support level and fixes below, the downtrend will likely resume.

News feed for 2022.06.09:

• – Eurozone ECB Interest Rate Decision at 14:45 (GMT+3);
• – Eurozone ECB Monetary Policy Statement at 14:45 (GMT+3);
• – Eurozone ECB Press Conference at 15:30 (GMT+3);
• – US Initial Jobless Claims (w/w) at 15:30 (GMT+3).

The GBP/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.2589
• Prev Close: 1.2535
• % chg. over the last day: -0.43%

May PMI data indicated another slowdown in the UK construction sector. Weak consumer confidence and worries about the outlook for the economy are holding back demand. Higher borrowing costs and strong inflationary pressures were also cited as factors likely to restrain growth over the next 12 months. At the moment, most UK economic indicators are showing a slowdown.

Trading recommendations

• Support levels: 1.2498, 1.2433, 1.2398, 1.2283, 1.2199
• Resistance levels: 1.2628, 1.2669, 1.2698, 1.2770

The GBP/USD currency pair trend is bullish on the hourly time frame. The MACD indicator has become inactive, but a slight buying pressure remains. A wide price corridor is forming now. Under such market conditions, buy deals may be considered from the support level of 1.2498, but only with additional confirmation and short targets. Sell deals should be looked for from the resistance level of 1.2628, but with confirmation.

Alternative scenario: if the price breaks down through the 1.2433 support level and fixes below, the mid-term downtrend will likely resume.

There is no news feed for today.

The USD/JPY currency pair

Technical indicators of the currency pair:

• Prev Open: 132.54
• Prev Close: 134.24
• % chg. over the last day: +1.28%

The Japanese yen continues to decline against major currencies. The Fed is tightening monetary policy, while the Bank of Japan, on the contrary, is keeping policy soft. The US Treasury yields are rising and could rise even higher if US inflation data is worse than forecast on Friday. Rising US yields give confidence to the dollar index. Under current conditions, the Japanese yen is likely to remain depressed against the US dollar in the coming days and weeks. Perhaps the only possibility of a significant bearish reversal of the USD/JPY pair will be a currency intervention by the Japanese government.

Trading recommendations

• Support levels: 133.00, 132.00, 131.00, 130.12, 129.48, 128.76, 128.10, 127.64
• Resistance levels: 135.16

The medium-term trend on the USD/JPY currency is bullish. The price is steadily growing, and the MACD indicator is in the positive zone, but there are signs of overbought and divergence. It is best to wait for a slight correction, as the price has deviated strongly from the average lines. Buy trades can be considered from the support level of 133.00, but with confirmation. A resistance level of 135.16 is good for sell deals, but only with additional confirmation in the form of a reverse initiative and short targets.

Alternative scenario: If the price fixes below 130.13, the downtrend will likely resume.

There is no news feed for today.

The USD/CAD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.2526
• Prev Close: 1.2557
• % chg. over the last day: +0.24%

The Canadian dollar is a commodity currency, so it depends not only on the dollar index but also on the oil price movements. Oil prices jumped about 3% on Wednesday as gasoline demand in the US continues to grow despite high fuel prices. The fundamental picture is now favorable for both the US dollar and Canadian dollar to strengthen, so do not expect any medium-term trend movements here.

Trading recommendations

• Support levels: 1.2510
• Resistance levels: 1.2567, 1.2623, 1.2676, 1.2728, 1.2765, 1.2807, 1.2893, 1.2953

The USD/CAD currency pair is bearish in terms of technical analysis. The MACD indicator has become inactive again, and divergence is traced on several time frames. The price is forming a wide sideways. Under such market conditions, it is better to look for buy trades on the lower time frames from the support level of 1.2510, but it is better to wait for the bullish initiative. For sell deals, it is better to consider the resistance level of 1.2567 or 1.2623, but also better with confirmation and short targets.

Alternative scenario: if the price breaks through and consolidates above 1.2728, the uptrend will likely resume.

News feed for 2022.06.09:

• – Canada BoC Gov Macklem Speaks at 18:00 (GMT+3).

by JustForex

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

by JustForex

The broader tech sector was under pressure from rising Treasury yields yesterday, with 10-year bond yields exceeding 3% amid continued bets that the Federal Reserve will stay on course to raise rates to fight inflation. The disappointing comments triggered a wave of analyst downgrades on Wall Street. As a result, US stock indices fell yesterday. At the close of the day, the Dow Jones Index (US30) decreased by 0.81%, while the S&P 500 (US500) lost 1.08%. The NASDAQ Technology Index (US100) fell by 0.73% yesterday.

Treasury Secretary Janet Yellen said Wednesday that inflation will not be a decade-long problem for the United States and that the Biden administration’s spending on the COVID-19 bailout only “modestly” pushed prices up. On Tuesday, Yellen told the Senate Finance Committee that high inflation is likely to continue, although she hopes it will come down soon, and that the Biden administration will likely raise its budget forecast to 4.7% inflation for this year. Many House Republicans believe that the Biden administration’s $1.9 trillion COVID-19 bailout measure, known as the American Rescue Plan, is one of the main causes of high inflation.

Stock markets in Europe decreased yesterday. German DAX (DE30) decreased by 0.76%, French CAC 40 (FR 40) lost 0.80%, Spanish IBEX 35 (ES35) added 0.01%, and the British FTSE 100 (UK100) closed yesterday down by 0.08%.

The long-awaited ECB monetary policy meeting will be held today. With a high probability, the ECB will officially announce the end of its net asset purchases and schedule its first interest rate hike for the month of July. The ECB is also likely to try to remain flexible to change rates if necessary and use other tools to provide liquidity support.

According to preliminary data from the German Federal Statistical Office (Destatis), in April 2022, the industrial production index increased by 0.7% compared to the previous month. In March 2022, there was a significant decrease of 3.7% compared to February 2022.

Oil prices jumped about 3% to a 13-week high on Wednesday as US gasoline demand continues to rise despite record gasoline prices amid expectations of higher oil demand in China and tight supply. The US crude inventories rose unexpectedly last week, while inventories in the Strategic Petroleum Reserve fell by a record amount as refinery capacity rose to its highest level since January 2020.

Asian markets closed yesterday in positive territory. Japan’s Nikkei 225 (JP225) gained 1.04%, Hong Kong’s Hang Seng (HK50) jumped by 2.24%, and Australia’s S&P/ASX 200 (AU200) increased by 0.36%.

Australia’s sharp interest rate hike sent shockwaves across the country. At the same time, according to the big four banks, another massive increase will occur in just a few weeks. Australia faced an aggressive rate hike on Tuesday when the Reserve Bank announced that the official interest rate would jump from 0.35% to 0.85% in an attempt to curb rapidly rising inflation. The NAB expects interest rates to reach 2% by the end of this year, and ANZ expects two more hikes in 2022.

The Chinese authorities are winding down one of the longest lockdowns in recent years, positively affecting many industries (especially related to construction and infrastructure). At the same time, analysts are surprised that copper prices (which are highly dependent on the state of China’s economy) are falling again.

Main market quotes:

S&P 500 (F) (US500) 4,115.77 −44.91 (−1.08%)

Dow Jones (US30) 32,910.90 −269.24 (−0.81%)

DAX (DE40) 14,445.99 −110.63 (−0.76%)

FTSE 100 (UK100) 7,593.00 −5.93 (−0.078%)

USD Index 102.56 +0.24 (+0.24%)

• – Eurozone ECB Interest Rate Decision at 14:45 (GMT+3);
• – Eurozone ECB Monetary Policy Statement at 14:45 (GMT+3);
• – Eurozone ECB Press Conference at 15:30 (GMT+3);
• – US Initial Jobless Claims (w/w) at 15:30 (GMT+3);
• – US Natural Gas Storage (w/w) at 17:30 (GMT+3);
• – Canada BoC Gov Macklem Speaks at 18:00 (GMT+3).

by JustForex

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

By Orbex

Article by Orbex

Orbex is a fully licensed broker that was established in 2011. Founded with a mission to serve its traders responsibly and provides traders with access to the world’s largest and most liquid financial markets. www.orbex.com

Article By RoboForex.com

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is rebounding from Tenkan-Sen and Kijun-Sen. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.2595 and then resume moving downwards to reach 1.2275. Another signal in favour of a further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1.2785. In this case, the pair may continue growing towards 1.2875.

EURUSD, “Euro vs US Dollar”

EURUSD is testing the bullish channel’s downside border. The instrument is currently moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s downside border at 1.0680 and then resume moving upwards to reach 1.0915. Another signal in favour of a further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1.0595. In this case, the pair may continue falling towards 1.0495. To confirm a further uptrend, the price must break the upside border of the Triangle pattern and fix above 1.0765.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD has fixed below the bullish channel’s downside border. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6465 and then resume moving downwards to reach 0.6285. Another signal in favour of a further downtrend will be a rebound from the rising channel’s downside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 0.6555. In this case, the pair may continue growing towards 0.6645.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

by JustForex

The EUR/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.0691
• Prev Close: 1.0704
• % chg. over the last day: +0.12%

Concerns about Italy’s political stability have resurfaced again. There is growing skepticism about whether the Draghi government (in office since February 2021) has the strength to provide economic reforms, mainly to finance next-generation EU modernization projects, before the next general election. There is discontent about the growing income gap between Italy and Germany in Rome. If uncertainty in Italy intensifies, both the euro and ECB policy could be affected.

Trading recommendations

• Support levels: 1.0672, 1.0627, 1.0611, 1.0568, 1.0509, 1.0445, 1.0379
• Resistance levels: 1.0738, 1.0770, 1.0786, 1.0869

From a technical point of view, the trend on the EUR/USD currency pair on the hourly time frame is bullish. The MACD indicator has become inactive, the price is trading below the moving averages. Under such market conditions, investors can look for buy trades on intraday time frames from the support level of 1.0672, but only with confirmation and short targets. Sell trades can be considered from the resistance level of 1.0738 or 1.0770, but only after the additional confirmation.

Alternative scenario: if the price breaks out through the 1.0611 support level and fixes below, the downtrend will likely resume.

News feed for 2022.06.08:

• – German Industrial Production (m/m) at 09:00 (GMT+3);
• – Eurozone GDP (q/q) at 12:00 (GMT+3).

The GBP/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.2529
• Prev Close: 1.2587
• % chg. over the last day: +0.46%

In the UK, the battle for the leadership of the Conservative Party is taking place amid a cost-of-living crisis that threatens to push the economy into recession. This puts pressure on the Bank of England to maintain growth and contain the highest inflation in four decades while keeping up with the Federal Reserve. Johnson’s narrow victory has no clear implications for economic policy and, therefore, for the fundamentals of the pound.

Trading recommendations

• Support levels: 1.2541, 1.2498, 1.2433, 1.2398, 1.2283, 1.2199
• Resistance levels: 1.2628, 1.2669, 1.2698, 1.2770

The GBP/USD currency pair trend is bullish on the hourly time frame. The MACD indicator became positive, and the buyers’ pressure increased. Yesterday the price sharply rebounded from the priority change level and then fixed above the moving averages. A wide price corridor is forming now. Under such market conditions, buy deals may be considered from the support level of 1.2541 or 1.2498, but only with additional confirmation and short targets. Sell deals should be looked for from the resistance level of 1.2628, but with confirmation.

Alternative scenario: if the price breaks down through the 1.2433 support level and fixes below, the mid-term downtrend will likely resume.

News feed for 2022.06.08:

• – UK Construction PMI at 11:30 (GMT+3).

The USD/JPY currency pair

Technical indicators of the currency pair:

• Prev Open: 131.85
• Prev Close: 132.63
• % chg. over the last day: +0.59%

The Japanese yen has fallen to a 20-year low. Two factors can explain the fall in the yen. The Fed is tightening monetary policy, while the Bank of Japan is easing. And US Treasury yields are rising and are now above the 3 percent level. Rising US yields are giving confidence to the dollar index. As US interest rates move up and the Bank of Japan limits JGB yields, the difference in the US and Japanese interest rates continues to widen, and the risk to the yen remains skewed to the downside.

Trading recommendations

• Support levels: 132.00, 131.00, 130.12, 129.48, 128.76, 128.10, 127.64, 127.24, 127.04
• Resistance levels: 133.86

The medium-term trend on the USD/JPY currency is bullish. The price is steadily growing, and the MACD indicator is in the positive zone, but there are signs of overbought and divergence. It is best to wait for a slight correction, as the price has deviated strongly from the moving lines. Buy trades can be considered from the support level of 132.00, but with confirmation. A resistance level of 133.86 is good for sell deals, but only with additional confirmation in the form of a reverse initiative and short targets.

Alternative scenario: If the price fixes below 129.48, the downtrend will likely resume.

News feed for 2022.06.08:

• – Japan GDP (q/q) at 02:50 (GMT+3).

The USD/CAD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.2574
• Prev Close: 1.2532
• % chg. over the last day: -0.34%

After two months of strong growth in goods imports and exports, imports fell by 0.4%, and exports lost 2.1% in real (physical) terms in April. This is not a good sign for the Canadian currency, but analysts are confident that the decline is temporary. The Canadian dollar is a commodity currency, so it depends on the dollar index and the dynamics of oil prices. Oil prices have reached almost three-month highs, as the supply shortage generally supported the market.The fundamental picture now is favorable to strengthening both the American dollar and the Canadian one, so it is not worth waiting for the mid-term trend movements here.

Trading recommendations

• Support levels: 1.2537, 1.2510
• Resistance levels: 1.2567, 1.2623, 1.2676, 1.2728, 1.2765, 1.2807, 1.2893, 1.2953

The USD/CAD currency pair is bearish in terms of technical analysis. The MACD indicator is negative again, but the divergence is observed on several time frames. Under such market conditions, it is better to look for buy trades on the lower time frames from the support level of 1.2537 or 1.2510, but it is better to wait for the bullish initiative. For sell deals, it is better to consider the resistance level of 1.2567, but also better with confirmation and short targets.

Alternative scenario: if the price breaks through and consolidates above 1.2728, the uptrend will likely resume.

There is no news feed for today.

by JustForex

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.