We all know diversifying is the “smart” way to invest in anything, right? So why do so few of us actually d... Continue reading Could Investing In Crypto Be The Ultimate Hedge For Forex Traders? on Forex Alchemy ..read more

US strikes $2.1 billion coronavirus vaccine deal with Sanofi, GlaxoSmithKline The deal will see the firms provide the US government with 100 million doses of the corona virus vaccine, with the US to provide up to $2.1 billion for development, clinical trials, manufacturing and the delivery of the in... Continue reading Analysis of Gold for July 31, 2020 on Forex Alchemy ..read more

Technical outlook: Silver has lagged behind its counterpart Gold and has not been able to print above $26.20 highs today. This is also a kind of bearish divergence which traders should remain watchful off. A potential top might just have been carved out at $26.20, and a break below $22.30 would cert... Continue reading Trading plan for Silver for July 31, 2020 on Forex Alchemy ..read more

The volatility of oil demand is one of the reasons for the coronavirus spread. There is a risk of additional restrictive measures, as new outbreaks of the disease have been fixed in the United States, India, and China. The timing of economic recovery directly depends on the pandemic, the head of the... Continue reading Oil prices ride roller coaster on Forex Alchemy ..read more

Technical analysis recommendations for EUR / USD and GBP / USD on July 31 EUR / USD The upward trend is gaining impulse. The consolidation of the targets 1.1695 – 1.1740 – 1.1813 (weekly target for the breakout of the Ichimoku cloud + the lower border of the monthly cloud) caused only a ... Continue reading Technical analysis recommendations for EUR/USD and GBP/USD on July 31, 2020 on Forex Alchemy ..read more

Gold is trading lower at $1,953 level after the failure to reach the $1,981.35 all-time high. The price is trading in the red in the short term as the USD tries to recover versus its rivals. As you already know from my analysis, the yellow metal is bullish. So, a minor drop or correction could give ... Continue reading GOLD Shows Exhaustion Signs! on Forex Alchemy ..read more

Overview: The USD/CHF pair continues to move downwards from the level of 0.9216. Yesterday, the pair dropped from the level of 0.9216 to the bottom around 0.9118. But the pair has rebounded from the bottom of 0.9118 to close at 0.9147. Today, the first support level is seen at 0.9118, the price is m... Continue reading Technical analysis of USD/CHF for July 30, 2020 on Forex Alchemy ..read more

It is possible that yesterday’s Federal Reserve meeting was the most useless in recent times. The only thing we have heard is that the Fed is ready to take all necessary measures to support the economy. Nothing else. That is, no specifics at all. So it is unclear exactly what measures the US c... Continue reading Hot forecast and trading recommendations for EUR/USD on July 30, 2020 on Forex Alchemy ..read more

Crypto Industry News: Cellebrite has released a new cryptocurrency tracking tool that gives law enforcement and analysts the ability to track illegal crypto transactions. This tool was named “Cellebrite Crypto Tracer”. The new offering is powered by CypherTrace and aims to track the ille... Continue reading Technical Analysis of ETH/USD for July 30, 2020 on Forex Alchemy ..read more

Crypto Industry News: Crypto fund manager Grayscale Investments managed to increase its assets by another $ 1 billion in less than two weeks. According to Grayscale on Twitter, the investment firm currently has assets in AUM worth $ 5.1 billion. These funds are mainly held in Grayscale funds for Bit... Continue reading Technical Analysis of BTC/USD for July 30, 2020 on Forex Alchemy ..read more