Sergey Ershov / Blog

First, a review of last week’s events: - EUR/USD . We noted in the previous forecast that only a clear breakdown of the channel 1.1700-1.1910 in one direction or another can give a clear idea of the dominant trend in conditions of subsiding activity...

First, a review of last week’s events: - EUR/USD . Citing data from the Labor Department, optimists say that the U.S. economic recovery is gaining momentum. The pandemic-stricken labour market is beginning to recover and may have already overcome the worst stage of the crisis...

First, a review of last week’s events: - EUR/USD . The dollar has been falling for six straight weeks. The USD index (DXY) fell to the minimum values since May 2018. In total, it has lost about 10% in the last five months...

First, a review of last week’s events: – EUR/USD . The U.S. economy is not just in recession. It's flying down at a breakneck speed. The decline in US GDP in the second quarter was the largest ever recorded - minus 32.9...

First, a review of last week’s events: - EUR/USD . The USA does not bring good news to the markets. Escalating tensions between Beijing and Washington, rising jobless claims, and the ongoing COVID-19 offensive frighten investors, raising doubts about the imminent recovery of the American economy...

First, a review of last week’s events: - EUR/USD . Relations between Beijing and Washington continue to heat up, the onslaught on coronavirus goes with great difficulty. 1.3 million people applied for primary unemployment benefits last week in the United States. For more than 17...

First, a review of last week’s events: - EUR/USD . The dollar is slowly weakening, the pair moved above Pivot Point 1.1240 last week, but is still within the five-week channel 1.1170-1.1350. As expected by 25% of experts, the bulls made an attempt to reach the level of 1...

First, a review of last week’s events: - EUR/USD . The latest US employment data is not just optimistic, but over-optimistic: approximately 4.8 million people returned to work in June. The unemployment rate fell from 13.3% to 11...

First, a review of last week’s events: - EUR/USD . COVID-19 continues its second attack on the United States. A new spike in incidence is observed in at least seven states...

First, a review of last week’s events: - EUR/USD . The Financial Times reported in a recent article that analysts began to have problems as Forex stopped responding to fundamental factors as before...