TifiaFX / Blog
Against the background of monetary tightening by the Fed since April, gold prices have been in a steady downward trend. In mid-August, the XAU / USD pair reached an annual minimum near the mark of 1160.00, however, then an upward correction began, raising the price of gold to the mark of 1244...
Last Wednesday, the Bank of Canada left its key interest rate unchanged, at 1.75%. In a statement explaining the decision to leave interest rates unchanged, a much more cautious tone is used than in previous statements...
The European Court’s decision on the possibility of the UK abandoning Brexit, as well as the publication of the Purchasing Managers Index (PMI) for the UK construction sector, had a positive effect on the pound. In November, the PMI index for the UK construction sector rose to 53.4 from 53...
USD / CHF continues to grow in the ascending channel on the weekly chart, the upper limit of which passes above the resistance level of 1.0130 (2016 highs and Fibonacci level 100% of the upward correction to the last global decline wave since December 2016 and from 1.0300...
Despite the fact that last weekend the EU summit approved an agreement between the UK and the EU on Brexit, the pound remains under pressure, and the GBP / USD pair has been falling for the third consecutive day...
Despite the approval on Thursday of the preconditions for a British exit from the EU, the pound remains under pressure. At the same time, the issue of the border of Great Britain with Northern Ireland is not resolved...
Corrective XAU / USD growth continues, as evidenced by the breakdown of short-term resistance levels of 1218.00 (ЕМА200 on 4-hour chart), 1220.00 (ЕМА200 on 1-hour chart). Indicators OsMA and Stochastic on the 1-hour, 4-hour, daily charts recommend long positions...
According to the manager of the Bank of England Mark Carney, Brexit and the exit of the UK from the EU without an agreement - “this is a real economic shock, so central banks will play secondary roles”...
The British pound stabilized on Friday after a sharp decline on Thursday on Brexit-related concerns. On Thursday, it became known about the resignation of the British Minister for Brexit Dominic Raab. Six members of the government also resigned...
After the representatives of Saudi Arabia announced last weekend that in December the kingdom would unilaterally reduce oil exports, on Monday, oil prices rose, opening the trading day with a gap up...