Tifia Daily Market Analytics

DJIA: a new strong drop in indices
08/26/2019
Last month, the DJIA updated its absolute and annual maximum near the 27400.0 mark on expectations of a softer Fed monetary policy. Earlier, Trump has repeatedly criticized the Fed and called for lowering the interest rate by 1% at once, saying that this will accelerate growth in the stock market and support American producers.
The Fed lowered the rate by 0.25% at the end of July, however, stock markets reacted with restraint to this news, as many investors expected a rate cut by 0.50%.
However, stock indices, including DJIA, plummeted after Trump tweeted about the introduction of new 10% duties on Chinese goods from September 1.
August turned out to be extremely volatile. Fears of a slowdown in the global economy and further escalation of international trade conflicts do not leave investors.
Last Friday, global stock indices collapsed after China announced the introduction of duties on US goods worth $ 75 billion, and Donald Trump announced a response to this step of China.
On Monday, markets recovered some of the losses previously sustained after China Vice Premier Liu He said he wanted to resolve trade issues with the United States.
Market participants continue to follow any comments by the US and Chinese authorities regarding trade negotiations.
The deterioration of prospects in this direction may again bring down stock indices. Conversely, a warming or easing in trade disputes between the US and China will support stock indices.
The return of the DJIA to the zone above the resistance level of 26330.0 (EMA200 on the 4-hour chart, EMA50 on the daily chart and local maximums) will indicate a recovery in the bull trend and the resumption of purchases.
Nevertheless, the OsMA and Stochastic indicators on the 4-hour, daily, weekly charts are still on the side of the sellers. Shopping is still premature.
Support Levels: 25270.0, 24600.0
Resistance Levels: 26030.0, 26100.0, 26330.0, 26700.0, 27000.0, 27400.0

Trading Scenarios
Buy Stop 26500.0. Stop-Loss 25800.0. Take-Profit 27000.0, 27400.0, 27500.0
Sell Stop 25600.0. Stop-Loss 26100.0. Take-Profit 25300.0, 24600.0



*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

GBP/USD: Current Dynamics
08/27/2019
Last Thursday, the pound strengthened sharply, while the GBP / USD pair reached an intraday and 3-week high near 1.2273. The pound was strengthened by statements by Fed Chancellor Angela Merkel that the EU and Britain could come to an agreement on Brexit by October 31. Earlier media reported that Merkel invited Britain to find a solution to the Irish problem within 30 days.
Optimism regarding the prospect of an agreement on Brexit after negotiations between British Prime Minister Boris Johnson and the heads of Germany and France caused the pound to rise late last week.
However, economists have warned that the growth of the pound "has no fundamental justification".
At the Jackson Hole summit, Bank of England head Mark Carney said the UK’s prospects "depend on the timing and nature of Brexit".
The risks of the “hard” Brexit are high. On October 31, Great Britain will withdraw from the EU with or without an agreement.
This creates the prerequisites for the resumption of the weakening of the pound and the fall of the pair GBP / USD.
There are no important macro data today. The focus of the traders will be the speeches of two representatives of central banks. From the vice president of the European Central Bank, Luis de Gindos, investors are waiting for signals to approve stimulus measures at the September meeting. Earlier in August, ECB board member Olli Rehn said markets could count on a “very serious set of measures”.
The second speaker (at 12:00 GMT), Bank of England representative Sylvanas Tenreiro, can talk about how interest rate policy will depend on the course of negotiations on Brexit.
At the beginning of the European session on Tuesday, the GBP / USD pair is trading at an important resistance level of 1.2265 (EMA200 on the 4-hour chart).
A breakdown of the local resistance level of 1.2292 may trigger further growth of GBP / USD with the target at the resistance level of 1.2340 (ЕМА50 on the daily chart).
In any case, an increase above the resistance levels of 1.2480, 1.2530 is unlikely.
A signal for the resumption of sales may be a breakdown of the short-term support level of 1.2185 (ЕМА200 on the 1-hour chart).
The immediate goal of the decline is the support level of 1.2000 (2017 lows and the Fibonacci level 0% of a correction to the GBP / USD pair decline in a wave that began in July 2014 near the level of 1.7200).
Long-term negative dynamics prevail. Short positions are preferred.
Support Levels: 1.2210, 1.2185, 1.2150, 1.2100, 1.2000
Resistance Levels: 1.2265, 1.2292, 1.2340, 1.2480, 1.2530, 1.2730

Trading Scenarios
Sell by market. Stop-Loss 1.2310. Take-Profit 1.2175, 1.2150, 1.2100, 1.2000
Buy Stop 1.2310. Stop-Loss 1.2190. Take-Profit 1.2340, 1.2480, 1.2530



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XAU/USD: demand for precious metals remains
08/28/2019
Precious metals continue to grow in price. Gold futures closed on Tuesday at their highest level since 2013, and silver futures reached a maximum of closure in more than 3 years. Rising prices for these precious metals is promoted by both a weakening dollar due to expectations of further easing of the Fed's monetary policy and a decrease in the US stock market due to continuing concerns about a slowdown in the global economy and the negative effects of the trade conflict between the US and China.
Back on Friday, when China announced the introduction of import duties on goods from the United States in the amount of 5% or 10% worth about 75 billion dollars, US President Donald Trump announced his intention to increase all existing and planned duties by 5%. This means that Chinese goods worth $ 250 billion will now be taxed at 30%, and new duties on goods worth $ 130 billion will be 15%, not 10%.
On Monday, Trump spoke about the prospects for US-Chinese trade relations in a conciliatory tone, and Chinese Deputy Prime Minister Liu He expressed a desire to resolve trade disputes with the United States.
Nevertheless, the conclusion of a trade agreement between the two countries is very far away. It is possible that Beijing will take a "wait and see" attitude before the election of the new US president in 2020.
December gold futures rose Tuesday at COMEX by $ 14.60, or 1%, to $ 1551.80 an ounce. This is the highest closing level for the most actively trading futures since April 2013.
On Wednesday, gold is trading in a range near recent highs. At the beginning of the European trading session on Wednesday, a troy ounce of gold costs $1542.50.
In the current situation, the demand for protective assets, including gold, will continue. With any correctional decline of the XAU / USD pair, should enter long positions. The most suitable places for this are the support levels of 1495.00 (the bottom line of the ascending channel on the daily chart and local lows), 1485.00 (Fibonacci level 50% of the correction to the wave of decline since September 2011 and the level of 1920.00), 1474.00 (line of the 200-period moving average on 4-hour chart).
For more aggressive purchases, current levels are suitable, as well as a support level of 1517.00 (EMA200 on a 1-hour chart).
The fundamental background creates the prerequisites for maintaining the demand for gold and the further growth of XAU / USD. With the easing of the monetary policy of the Fed and other major global central banks, as well as amid geopolitical and trade tensions, demand for gold will grow.
So far, a strong positive momentum prevails. Above the support levels of 1474.00, 1485.00, long positions are preferred.
Only a breakdown of key support levels of 1354.00 (EMA200 on the daily chart), 1290.00 (EMA200 on the weekly chart) will resume the bearish trend, which began in 2012 near the mark of 1795.00.
Support Levels: 1517.00, 1495.00, 1485.00, 1474.00, 1452.00, 1440.00, 1413.00, 1380.00, 1354.00, 1290.00
Resistance Levels: 1555.00, 1585.00

Trading Recommendations
Sell Stop 1515.00. Stop-Loss 1556.00. Take-Profit 1495.00, 1485.00, 1474.00, 1452.00
Buy Stop 1556.00. Stop-Loss 1515.00. Take-Profit 1585.00, 1600.00


*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

EUR/USD: Current Dynamics
08/29/2019
On Thursday, the EUR / USD pair is trading in the range near the local support level and the mark of 1.1070. The euro remains under pressure in anticipation of a significant easing of monetary policy at the ECB meeting on September 12. Olli Rehn, a member of the ECB's Governing Council, said in the middle of the month that the European Central Bank will announce a substantial stimulus package in September that will exceed investors' expectations.
OsMA and Stochastic indicators on the 4-hour, daily, weekly charts recommend short positions, confirming the prevalence of downward dynamics.
The immediate goals in the event of a further decrease in EUR / USD will be the support levels of 1.1030 (local minimum), 1.1000.
In an alternative scenario, a breakdown of the short-term resistance level of 1.1110 (ЕМА200 on a 1-hour chart) may become a signal to start an upward correction. The target is located at resistance levels 1.1150 (ЕМА200 on the 4-hour chart and the upper line of the descending channel on the daily chart), 1.1165 (local maximums and ЕМА50 on the daily chart).
However, this is an unlikely scenario. In the current situation, short positions are preferred.
At 12:00 (GMT) inflation indicators in Germany will be published. Recent data indicate weak inflationary pressures in Germany.
Forecast for August (preliminary estimate): + 1.2%. The growth of the Harmonized Consumer Price Index (HICP) is a positive factor for the euro. If the data for August turn out to be worse than the forecast or the previous value (+ 1.1%), then the euro will be under additional negative pressure.
Support Levels: 1.1070, 1.1030, 1.1000
Resistance Levels: 1.1100, 1.1117, 1.1150, 1.1165, 1.1200, 1.1245, 1.1285

Trading Recommendations
Sell by market. Stop-Loss 1.1120. Take-Profit 1.1030, 1.1000
Buy Stop 1.1120. Stop-Loss 1.1060. Take-Profit 1.1150, 1.1165, 1.1200, 1.1245


*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

USD/CAD: Current Dynamics
08/30/2019
At the beginning of the European session on Friday, USD / CAD is trading at a short-term support level of 1.3290 (ЕМА200 on the 1-hour chart).
In the event of a breakdown of this support level and the development of a downward correction, USD / CAD may decrease to the support level of 1.3250 (ЕМА200 on the 4-hour chart, ЕМА200 on the daily chart).
Nevertheless, above this support level, long-term positive dynamics prevail. After the breakdown of the local resistance level of 1.3345 (August highs) USD / CAD will go towards the local resistance levels 1.3435, 1.3452 (Fibonacci level 23.6% of the downward correction to the pair's growth in the global uptrend since September 2012 and the level of 0.9700), 1.3465, 1.3520, 1.3560 (highs of the year).
Only a breakdown of the key support level 1.3250 and the local support level 1.3230 can trigger a further decline with targets at support levels 1.3020, 1.2880 (ЕМА200 on the weekly chart).
In general, the US dollar maintains a positive trend, and above the 1.3300 mark, long USD / CAD positions are preferred.
Futures on the DXY dollar index is trading at the beginning of the European session on Friday near 98.50, 11 points above the opening price of today's trading day. The growth for the week at the moment is already + 0.98%, which allows the DXY index to remain in positive territory by the results of the month.
From the news today, we are waiting for the publication (at 12:30 GMT) of a whole block of important macro statistics for Canada (Canadian GDP for June and for the 2nd quarter) and the United States (index of personal spending and personal consumption spending of Americans for July).
In view of the importance of the data published at 12:30 (GMT), one should be prepared for the growth of volatility in the USD / CAD pair during this period of time.
Support Levels: 1.3290, 1.3250, 1.3230, 1.3185, 1.3115, 1.3020, 1.2975, 1.2880
Resistance Levels: 1.3345, 1.3435, 1.3452, 1.3465, 1.3520, 1.3560, 1.3600, 1.3660

Trading Scenarios
Sell Stop 1.3265. Stop-Loss 1.3325. Take-Profit 1.3250, 1.3230, 1.3185, 1.3115, 1.3020, 1.2975, 1.2880
Buy Stop 1.3325. Stop-Loss 1.3265. Take-Profit 1.3345, 1.3435, 1.3452, 1.3465, 1.3520, 1.3560, 1.3600



*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

AUD/USD: Current dynamics and recommendations
09/02/2019
On Tuesday, the next meeting of the RB of Australia will be devoted to issues of monetary policy. The decision on the interest rate will be published at 04:30 (GMT).
On the eve of this event last Sunday, new duties on the import of Chinese goods into the United States entered into force. Fee of 15% on a number of goods used mainly in everyday life will be approximately 110-115 billion US dollars, according to economists.
The escalation of tension in US-Chinese trade relations overshadows the economic prospects of not only the United States and China, but also other countries, especially their trading partners. This contributes to growing expectations that the world's largest central banks will continue to soften their monetary policy.
At a previous meeting in August, the RBA left the key interest rate at a record low of 1%, but gave a pessimistic forecast for the economy. RBA managing director Philip Lowe lowered the forecast for Australia's GDP growth in 2019 to 2.5% from 2.75% and added that unemployment is expected to drop to about 5% in the next two years. According to the RBA management, for the growth of salaries and acceleration of inflation to the target range, an unemployment rate of 4.5% or lower is required. Now unemployment is above the 5% level and is gradually growing, but not decreasing, and the return of inflation to the middle of the target range of 2% -3% is not visible even on a distant horizon.
"It is reasonable to expect that a long period of low interest rates will be required for progress towards lowering unemployment and achieving steady progress towards the target inflation rate," Lowe said after an RBA meeting in August.
Probably, at a meeting on Tuesday, the RBA will not yet begin to change the interest rate, but signal such a decrease towards the end of the year.
If Lowe declares this, then the Australian dollar will again be under pressure, and the pair AUD / USD will continue to decline.
Today is a day off in the USA (Labor Day). US banks and exchanges will be closed. In this regard, trading volumes during the US trading session will be insignificant.
Meanwhile, AUD / USD has been declining since the opening of today. At the beginning of the European session on Monday, the pair AUD / USD is trading near the level of 0.6720. Negative dynamics prevails. The objectives of the decline are the support levels of 0.6680, 0.6600. The distant target is located at support levels of 0.6260, 0.6000 (lows of 2008 - 2009).
Support Levels: 0.6700, 0.6680, 0.6600, 0.6300
Resistance Levels: 0.6745, 0.6810, 0.6830, 0.6865, 0.6960, 0.7000, 0.7015

Trading Recommendations
Sell by market. Sell-Limit 0.6795, 0.6825. Stop-Loss 0.6870. Take-Profit 0.6700, 0.6680, 0.6600, 0.6300
Buy Stop 0.6840. Stop-Loss 0.6790. Take-Profit 0.6865, 0.6960, 0.7000


*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

USD/CAD: American dollar is in demand
09/03/2019
Current Dynamics
The US dollar returns its previously lost positions, while commodity currencies are falling in price amid escalation of the trade conflict the USA with China.
On Tuesday, USD / CAD again tested the local resistance level of 1.3345, reached in August. Above the support level of 1.3250, the long-term positive dynamics of USD / CAD prevails. Long positions are preferred.
In the event of a breakdown of the local resistance level of 1.3345 (August highs) USD / CAD will go towards the local resistance levels 1.3435, 1.3452 (Fibonacci level 23.6%), 1.3465, 1.3520, 1.3560 (highs of the year).
In connection with the upcoming meeting of the Bank of Canada on Wednesday, you should also pay attention to the publication on Tuesday (at 13:30 GMT) of the PMI index of business activity in the manufacturing sector of the economy of Canada, provided by the Institute of Supply Management (ISM). This indicator is an important indicator of the state of the Canadian economy. A result above 50 is considered positive and strengthens the CAD, below 50 - as negative for the Canadian dollar. Forecast: 51.0 in August (against 51.2 in July). A relative decrease in the value (above 50) will have a short-term negative impact on the Canadian dollar. The data above the forecast will strengthen CAD.
Thus, most likely, the Bank of Canada on Wednesday will not reduce the rate from the current level of 1.75%, but will make it closer to the end of the year. Any hint from the Bank of Canada's management on this issue will put downward pressure on CAD.
In an alternative scenario, the signal for the resumption of short positions will be a breakdown of the short-term support level 1.3303 (ЕМА200 on the 1-hour chart).
The objectives of the decline are the support levels 1.3250, 1.3258 (ЕМА200 on the 4-hour chart).
The breakdown of these levels will trigger a further decline in the medium-term bearish trend with targets at support levels 1.3020, 1.2880 (ЕМА200 on the weekly chart).
Support Levels: 1.3303, 1.3258, 1.3250, 1.3230, 1.3185, 1.3020, 1.2975, 1.2880
Resistance Levels: 1.3345, 1.3435, 1.3452, 1.3465, 1.3520, 1.3560, 1.3600, 1.3660

Trading recommendations
Sell Stop 1.3285. Stop-Loss 1.3355. Take-Profit 1.3258, 1.3250, 1.3230
Buy Stop 1.3355. Stop-Loss 1.3285. Take-Profit 1.3400, 1.3435, 1.3452, 1.3465, 1.3520, 1.3560, 1.3600, 1.3660



*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

AUD/USD: Current dynamics and recommendations
09/04/2019
The weakening US dollar continues after the publication on Tuesday of weak PMI indices for the manufacturing sector.
Futures on the DXY dollar index fell again and traded at the beginning of the European session on Wednesday near 98.56, after earlier on Tuesday it reached a new multi-month high near 99.32.
At the beginning of today's European session, the AUD / USD pair is trading near the resistance level of 0.6783 (EMA144 on the 4-hour chart). A positive impulse may push the pair to the resistance levels of 0.6805 (ЕМА200 on the 4-hour chart), 0.6830. Further growth may be in doubt, and from these levels you can again enter into short positions.
Below the key resistance level of 0.7015 (ЕМА200 on the daily chart), a long-term negative trend prevails.
Australian GDP data released during the Asian session for the 2nd quarter showed the slowest growth since the global financial crisis. This makes it possible to further soften the RBA monetary policy by the end of the year, which creates a negative fundamental background for AUD.
In case of resumption of decline, the targets will be the support levels of 0.6680, 0.6600, 0.6260, 0.6000 (lows of 2008 - 2009).
Today is full of important news. During the US trading session, several Fed representatives are also expected to speak. In this regard, today we should expect an extremely volatile trading day. Also, today, the Bank of Canada makes a decision on the interest rate, which will be published at 14:00 (GMT), which will increase market volatility in this period of time.
Support Levels: 0.6700, 0.6680, 0.6600, 0.6300
Resistance Levels: 0.6745, 0.6810, 0.6830, 0.6865, 0.6960, 0.7000, 0.7015

Trading Recommendations
Sell by market. Sell-Limit 0.6805, 0.6825. Stop-Loss 0.6870. Take-Profit 0.6700, 0.6680, 0.6600, 0.6300
Buy Stop 0.6870. Stop-Loss 0.6790. Take-Profit 0.6900, 0.6960, 0.7000


*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

EUR/USD: Eurodollar remains under pressure. Recommendations
09/05/2019
Despite today's and yesterday's corrective growth amid a weakening dollar, the Eurodollar remains under pressure, trading in downward channels on the daily and weekly charts.
The lower border of the descending channel on the weekly chart passes through the mark of 1.1000, and on the daily chart - near the mark of 1.0900.
Nevertheless, on the 1-hour chart EUR / USD broke through the resistance level of 1.1030 (ЕМА200) and continues to develop upward trend towards the resistance levels of 1.1100 (ЕМА200 on the 4-hour chart), 1.1130 (ЕМА50 and the upper border of the downward channel on the daily chart).
The OsMA and Stochastic indicators on the 4-hour, daily, and weekly charts turned to long positions, recommending purchases.
Nevertheless, growth above resistance levels 1.1110, 1.1130 is unlikely.
Below resistance levels of 1.1270 (ЕМА200 on the daily chart), 1.1285 (Fibonacci level 23.6% of the correction to the fall from the level of 1.3900, which began in May 2014), 1.1225 (ЕМА144 on the daily chart) is dominated by long-term negative dynamics.
The closest targets in case of resumption of EUR / USD decline will be levels 1.1000, 1.0960, 1.0940.
A signal to resume purchases will be a breakdown of the short-term support level of 1.1030 (ЕМА200 on the 1-hour chart).
Expectations of further easing of the monetary policy of the ECB put pressure on the euro and the pair EUR / USD.
Speaking on Wednesday at the European Parliament, Kristin Lagarde, who will be the next president of the European Central Bank, said that the ECB's monetary policy stimulus measures continue to have a beneficial effect on the Eurozone economy (Lagarde will replace Draghi as president of the ECB on November 1).
“The Eurozone economy has faced some short-term risks, mainly related to external factors, while inflation stubbornly remains below the target level set by the ECB”, she said. “Thus, I agree with the ECB Governing Council that stimulating monetary credit policy will remain appropriate for a long period of time".
Of the news for today, we are awaiting publication in the period from 12:15 to 14:00 (GMT) of a block of important macro statistics for the United States. Although there is usually no direct correlation with Non-Farm Payrolls, the ADP report is considered a harbinger of the official report of the US Department of Labor on the general state of the labor market in the country. Strong data has a positive effect on the dollar. An increase of 149,000 in the number of workers in the US private sector is expected (up from +156,000 in July). A decrease in the result may negatively affect the dollar.
The business activity index (PMI) in the service sector measures the state of the service sector in the US economy. A relative decrease in the indicator or data worse than forecast (54.0 in August against 53.7 in July) may have a short-term negative impact on the dollar.
Support Levels: 1.1030, 1.1000, 1.0960, 1.0940
Resistance Levels: 1.1085, 1.1110, 1.1130, 1.1200, 1.1225, 1.1270, 1.1285

Trading Recommendations
Sell Stop 1.1010. Stop-Loss 1.1055. Take-Profit 1.1000, 1.0960, 1.0940
Buy Stop 1.1055. Stop-Loss 1.1010. Take-Profit 1.1085, 1.1110, 1.1130, 1.1200, 1.1225, 1.1270, 1.1285



*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

S&P500: Current Dynamics and Recommendations
09/06/2019
Expectations of reaching an agreement in a trade dispute between the United States and China, easing the monetary policy of the Fed and positive macro statistics was coming from the US on Thursday contributed to the resumption of growth in major US stock indexes.
On Thursday in Beijing, they announced that they were aimed at significant progress in the October talks, while the US Presidential Administration announced that China’s readiness to conduct direct negotiations can be regarded as a positive signal.
This information eased investors' concerns about tensions in international trade, which contributed to a slowdown in the global economy.
On Thursday, precious metal prices plummeted, and the yield on 10-year US Treasury bonds rose amid news of a possible resumption of trade negotiations. Gold declined in price to $ 1518.00 per ounce, and the yield on 10-year US bonds rose to 1.565%.
A report by ADP and Moody's Analytics, also published Thursday, said the number of jobs in the US private sector increased more significantly in August than economists had expected. According to the data presented, the number of new jobs in the private sector for the reporting period amounted to 195,000 (the forecast was +140,000).
The ADP index has no direct correlation with Non-Farm Payrolls. Nevertheless, the ADP report is considered a harbinger of the official report of the US Department of Labor on the general state of the labor market in the country. An increase of 158,000 in the number of workers in the US private sector is expected (up from +164,000 in July), as well as an unemployment rate of 3.7% (same as in July).
Later Fed Chairman Jerome Powell will speak in Zurich at an event organized by the Swiss Institute for International Studies, where he can talk about the further development of monetary policy. His speech on the topic “Economic Prospects and Monetary Policy” will begin at 16:30 (GMT).
During this period, a surge in volatility in the financial markets is expected.
Meanwhile, the S&P500 index maintains long-term positive dynamics, trading above the key support levels of 2857.0 (ЕМА200 on the daily chart), 2865.0 (Fibonacci level 23.6% of the correction to the growth since December 2018 and mark 2335.0). In the event of a breakdown of the local resistance level of 2990.0 (the upper line of the ascending channel on the daily chart), the S&P500 will continue to move towards recent absolute highs near the 3028.0 mark.
In an alternative scenario and after the breakdown of the support level 2925.0 (ЕМА200 on the 1-hour and 4-hour charts, ЕМА50 on the daily chart) S&P500 will again go to the support level 2865.0. Above support level 2925.0, should be abstained S&P500 sales.
Support Levels: 2965.0, 2925.0, 2900.0, 2865.0, 2857.0, 2765.0, 2730. 2680.0
Resistance Levels: 2990.0, 3000.0, 3028.0

Trading Recommendations
Sell Stop 2920.0. Stop-Loss 2970.0. Goals 2900.0, 2865.0, 2857.0
Buy Stop 2992.0. Stop-Loss 2962.0. Goals 3000.0, 3028.0, 3100.0, 3200.0


*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com