Morning Report: 07.00 London The dollar index is down slightly after staging a post Fed rally on expectations of a bullish rate path. Overall there are mixed fortunes for dollar pairs. The AUD/USD is lower again this morning after heavy selling yesterday that continues the December decline. The GBP/USD is higher slightly after moderate losses […]
2019 gold forecasts start with 2018’s strength… IF YOU’RE already invested in gold, then frankly I blame this on you, writes Adrian Ash at BullionVault. Yes, you. Because while so much was stacked up against gold prices in 2018… …and while new investors have almost vanished… …existing investors have refused […]
The core Personal Consumption Expenditure (PCE) price index will be the highlight of the US economic calendar on Friday and the last important release out of the US before the year-end as investors gather evidence that could shape potential tweaks in the Fed’s rate hiking path in the near future. Consensus is for the gauge to have gained some […]
Overview: The USD/CHF pair continues to trade upwards from the level of 0.9951 on the H4 chart. Today, the first support level is currently seen at 0.9951, and the price is moving in a bullish channel now. There are no changes in our technical outlook. The bias remains bullish in the nearest term, testing 1.0142 […]
After the announcement of the results of the December Fed meeting, the dollar bulls tried to show good spirits, since the most dovish scenarios were not realized. The Fed has justified the forecasts of most analysts and took a double position. On the one hand, the regulator announced a further tightening of monetary policy, and […]
Overview: The EUR/USD pair continues to move upwards from the level of 1.1421. Today, the first support level is currently seen at 1.1421, the price is moving in a bullish channel now. Furthermore, the price has been set above the strong support at the level of 1.1421, which coincides with the 61.8% Fibonacci retracement level. […]
NZDUSD has rebounded somewhat after falling to five-week low of 0.6723 and momentum indicators now suggest that the market sentiment might get better as the RSI is reversing back to the upside after hitting the oversold zone. However, the MACD oscillator is still strengthening its bearish bias below the trigger and zero lines. In case […]
According to experts of the investment bank Barclays, despite the fact that the US Federal Reserve System (FRS) has taken a more cautious position, it’s not worthwhile to put an end to the US currency. The day before, at the last meeting in the current year, the regulator raised the interest rate by 0.25% to […]
NZD/USD has been impulsive with the recent bearish gains after rejecting of the 0.6850 resistance area with a daily close. USD gained momentum as per the recent rate hike decision and optimistic future policies and now it is expected to gain further against NZD in the coming days. Recently, the New Zealand’s ANZ Business Confidence […]
The Bank of Japan concluded a two-day meeting with a decision on the base interest rate, leaving the current course of monetary policy unchanged, despite the increase in inflation risks. The interest rate on deposits of commercial banks was kept at minus 0.1%, which is in line with analysts’ forecasts. The target yield of ten-year […]
What did the Fed decide on December 19, 2018? Increasing the base interest rate by 25 basis points to the target range of 2.25% -2.50%, the Federal Open Market Committee of the US Federal Reserve commented on its decision and the current situation in the country. The Fed notes a vigorous upturn in economic activity […]
Yesterday, all market participants closely followed the Federal Reserve decision on interest rates, as well as statements that were made later during a press conference by Fed Chairman Jerome Powell. In general, the short-term market reaction to the purchase of the US dollar after the Fed’s decision was quite predictable, but demand is unlikely to […]
Wave counting analysis: During the trading on December 19, the GBP / USD pair lost about 30 bp, which, however, did not affect the current wave counting. A construction of at least a three-wave upward structure is still expected. However, an unsuccessful attempt to break through the 100.0% Fibonacci level already warns that the tool […]
Famous dot plot indicates two rates hike next year at the FOMC policy meeting Bank of England to hold rates steady amid Brexit drama EU and Italy find a common ground on budget plan Fed not so dovish as expected Shares in the US and Asia tumbled after the Federal Open Market Committee raised interest […]
Wave counting analysis: In the course of trading on Wednesday, the EUR / USD pair added another 15 bp despite coming close to the level of 38.2% on the senior Fibonacci grid. Thus, the estimated wave c, which is obtained rather complicated by the internal wave structure, continues its construction. A successful attempt to break […]
Wall Street started a sell-off and the SP500 lost 1.54% yesterday. Today, indices in Asia joined: Japanese Nikkei225 with falls of 2.84% and Chinese Shanghai Composite which drops 0.7%. Risk aversion and declining indices drive the strengthening of JPY – USD / JPY decreased to 111.90. The decision of the Bank of Japan went unnoticed […]
Today is a high probability of continuing the top job. Trend analysis (Fig. 1). On Thursday, it is possible to move up with the first target 1.1440 – the upper fractal. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – up; – candlestick analysis – […]
After a long consultation period, the British tax collection service has published its first detailed tax rules for citizens with cryptocurrencies. The new “Cryptoassets for Individuals” document identifies probable tax liabilities for private investors who buy, sell, earn and even lose cryptocurrencies. After months of uncertainty among UK taxpayers about what they must and do […]
USDJPY extended its losses early on Thursday and is set to complete the fifth consecutive red day. The pair plunged below the ascending trend line in the daily chart and the 23.6% Fibonacci retracement level of the upleg from 104.60 to 114.55, near 112.20, reaching a new three-week low around 111.86. According to the MACD, negative […]
To open long positions on GBP/USD it is required: Today, the Bank of England will decide on interest rates, which are likely to remain unchanged. You can expect to buy the pound only after a return and consolidation above the resistance of 1.2658, which will keep the upward momentum of the pound in the resistance […]
To open long positions on EURUSD you need: The Federal Reserve’s decision to raise interest rates to 2.5% in the US led to a strengthening of the US dollar in the afternoon. Today, buyers of the euro need to quickly return to the resistance level of 1.1407, the consolidation of which will lead to a […]
As we said in previous posts this is not the time be buying Gold. Gold price has most probably finished the entire leg higher from $1,196 and it is preparing for a pull back. Gold price however remains technically in a short-term bullish trend as long as price is above $1,233. Blue line- short-term trend […]
GBP/USD The British pound yesterday relatively calmly met the expected rate hike by the US central bank, the decline was 28 points, the stop occurred on the support of the balance lines and the Krusenstern on a four-hour scale. Today, the main event will be the announcement by the Bank of England of the decision […]
EUR/USD made another try yesterday to break above the 1.14-1.1430 resistance area but if failed once again. Price remains inside the range of 1.13-1.14 since November. The triangle scenario has been canceled as both the downward break and yesterday’s upward break were fake ones. Green line – bullish RSI divergence Yellow rectangles – range boundaries […]
Trend analysis (Fig. 1). On Thursday, an upward movement is possible with another attempt to break through 1.2673 – a rolling level of 23.6% (yellow dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – up; – candlestick analysis is neutral; – trend analysis […]
EUR/USD The results of yesterday’s Federal Reserve meeting were expected by the market: the central bank raised the rate by a quarter point and announced two rate hikes next year instead of three, as previously expected. Jerome Powell fulfilled his task – he described in optimistic tones the results of the development of the American […]
AUD/USD On Wednesday, the Australian dollar lost 70 points, becoming the leader of the decline. Presumably, the local overbought end of November – the beginning of December continues to put psychological pressure on investors, forcing them to play on the decline at a stronger pace. But as you can see from the graph, the fall […]
When the European market opens, some economic data will be released such as Current Account. The US will also publish the economic data such as Natural Gas Storage, CB Leading Index m/m, Unemployment Claims, and Philly Fed Manufacturing Index, so amid the reports, the EUR/USD pair will move in a low to a medium volatility […]
In Asia, Japan will release the All Industries Activity m/m, Monetary Policy Statement, and BOJ Policy Rate. The US will also publish some economic data such as Natural Gas Storage, CB Leading Index m/m, Unemployment Claims, and Philly Fed Manufacturing Index. So there is a probability that the USD/JPY pair will move with a low […]
In Asia, Japan will release the All Industries Activity m/m, Monetary Policy Statement, and BOJ Policy Rate. The US will also publish some economic data such as Natural Gas Storage, CB Leading Index m/m, Unemployment Claims, and Philly Fed Manufacturing Index. So there is a probability that the USD/JPY pair will move with a low […]
