Unlock your trading potential!

News

USDCHF trades to a new session lows and looks to test the 2020 midpoint

50% midpoint of the year comes in at 0.95371. The USDCHF is trading to a new session low at 0.95447 and in the process is looking to test the 50% midpoint of the 2020 low to high trading range at 0.95371.  I would expect some pause near the level with stops on a break. The next
Jun 4, 2020 Read more

Pompeo to warn against fraudulent accounting of China-based companies in speech

US Secretary of State will talk about China-based companies Reuters reports that US Secretary of State Mike Pompeo will warn later today about the accounting practices of China-based companies. In terms of actions, he will say that Nasdaq's decision to tighten listing rules for these companies is a model for other exchanges.
Jun 4, 2020 Read more

US CDC reports 14,676 coronavirus cases yesterday vs 24,955 a day earlier

The latest CDC data For bank trade ideas, check out eFX Plus
Jun 4, 2020 Read more

USDCAD skims the 200 day MA (within 4 pips today) and finds buyers.

Awaits the next shove  The USDCAD got with 16-20 pips of the 200 day MA on Tuesday and Wednesday. That was close, but not exactly skimming the target level. 
Jun 4, 2020 Read more

EUR: Positive momentum persists but caution in chasing it higher - MUFG

The euro is higher 9 days in a row " Merkel's popularity is on the rise again following Germany's handling of COVID-19 but Merkel is also on the way out and hence her influence domestically is still not what it was. The haggling in Germany this week is an indication of what lies ahead in Germany
Jun 4, 2020 Read more

OPEC talks hit an impasse as Iraq balks

Iraq says it won't be able to hit output target until the end of July] Russia and Saudi Arabia have agreed to extend output curbs for another month but on the condition that everyone else participate.
Jun 4, 2020 Read more

Nasdaq rotates back lower. New lows for the day.

Looks to test hourly trend line The Nasdaq index moved to the highest level since, but has taken a turn back to the downside in the last hour and in the process looks to test day trend line on the hourly chart at 9616 area. The low for the day just reached 9622.988.  
Jun 4, 2020 Read more

Florida coronavirus numbers sent a shudder through markets

COVID-19 cases up 2.4% vs 7-day avg of 1.6%. I the case for buying everything right now and I also laid out the risk: COVID-19 cases spiking. laid out Florida today reported 1317 new COVID-19 cases and that's a 2.4% rise in total cases compared to the 7-day average of 1.6%. That's the largest jump since mid-April
Jun 4, 2020 Read more

The simple case for buying everything right now

Suspend your disbelief and embrace the free-money future The enthusiasm in markets at the moment is bordering on euphoria. Retail money is pouring into the flavour-of-the-day and now FOMO is taking over more broadly.
Jun 4, 2020 Read more

EURUSD squeezes higher

Motoring on the bullish highway The EURUSD has squeezed higher and in the process has moved into the open road on the bullish highway.  Looking at the daily chart, the price is taking on the spike higher from March which ultimately took the price up to a high of 1.14918. What other levels are in the way
Jun 4, 2020 Read more

Disclaimer: The trade in Forex and Cryptocurrencies can generate significant benefits but also involves a risk of partial or total loss of funds and should be considered by the initial investors. We recommend you that you read our terms and conditions and the disclaimer page before making any investment. The clients should be aware of their individual capital gain tax liability in their country of residence. This website is independent of forex and crypto brokers featured on it. Before trading with any of the brokers, potential clients should ensure they understand the risks and verify that the broker is licensed. The website does not provide investment services or personal recommendations to clients to trade forex and crypto options.

USA regulation notice: Cryptocurrencies companies are not regulated within the United States. These companies are not supervised, connected or affiliated with any of the regulatory agencies such as the Commission of Futures of Commodities (CFTC), National Futures Association (NFA), Securities Commission (SEC) or Regulatory Authority of the Financial Industry (FINRA).

Disclosure of Risk: cryptotrixi.com don't accepts responsibility for loss or damage as a result of trust in the information contained in this website; This includes educational material, automatic operations, and graphics, and analysis. Please remember, the user has to be aware of the risks associated with trading in financial markets. Profits may vary according to market conditions and each user. The profits and results, we recommend you read the terms and conditions. In case the potential client does not understand the risks involved, he/she should seek advice or consultation from an independent advisor. If the potential client still does not understand the risks involved in trading in any financial instruments, he/she should not trade at all.