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Fresh trading analysis: Germany's production data


6 August 2020

Germany's factory orders soared 27.9%, but European markets are still mixed overall. The US dollar continues to weaken, while the pound sterling is supported by the Bank of England's decision to keep rates steady. The price of Brent oil is $44.95, WTI—$41.76. EUR/USD is at 1.1848, GBP/USD—1.3163, gold is $2,046.50 per ounce. Read the daily selection of analytical reviews from Grand Capital experts to navigate the market during a time of volatility.

Trading ideas for Bayer AG (XETRA)


The price pivot zone of 55.70 is holding back sellers. Bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator indicates an oversold condition. Keep track of the price movement in real time.

EURUSD technical analysis


The pair is consolidating in the range of 1.1740–1.1900 ahead of new employment data from the US Department of Labor. If the demand for risk assets persists, the pair will continue to rise against the backdrop of the dollar’s overall fundamental weakness. Keep track of the rate changes in real time.

EURCAD analysis


The overall trend is upward. The descending H2 level pattern is truncated. Awesome Oscillator indicates a bullish divergence. A breakout of the resistance level of 1.5783 will result in the formation of an ascending wave pattern within the overall uptrend. Keep track of the rate changes in real time.

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