4-hour timeframe Technical details: The senior linear regression channel: direction – down. The younger linear regression channel: direction – up. Moving average (20; smoothed) – up. CCI: 139.0805 The currency pair GBP / USD on Tuesday, January 15, continues its upward movement. Thus, traders before the results of the parliamentary vote on the Brexit issue […]
4-hour timeframe Technical details: The senior linear regression channel: direction – sideways. The younger linear regression channel: direction – up. Moving average (20; smoothed) – sideways. CCI: -23.4851 The currency pair EUR / USD on Monday, January 14, was trading near the moving average line. There were no important macroeconomic publications that day. Moreover, the […]
GBP/USD The main event of yesterday was the statement of the British Prime Minister Theresa May that the UK is not likely to withdraw from the EU, rather than it will leave the EU without a deal. The pound reacted slightly to the statement by growth, but this statement ultimately shows the inconsistency of the […]
AUD/USD For the third session, the Australian dollar is trading in a narrow range between the balance lines and the Krusenstern on a daily scale chart in anticipation of the decision of the British Parliament on the Brexit agreement with the EU. A positive outcome of the vote, and it can be both the adoption […]
The main event today is the vote in the British Parliament on the agreement with the EU. The vote 18.00 London time. Experts write that the Parliament will fail the agreement – the majority will vote against. Nevertheless, the pound is not falling – and is counting on growth – the market has its own […]
When the European market opens, some economic data will be released such as Trade Balance, French Gov Budget Balance, and French Final CPI m/m. The US will also publish the economic data such as IBD/TIPP Economic Optimism, Empire State Manufacturing Index, Core PPI m/m, and PPI m/m, so amid the reports, the EUR/USD pair will […]
In Asia, Japan will release the Prelim Machine Tool Orders y/y, and M2 Money Stock y/y. The US will also publish some economic data such as IBD/TIPP Economic Optimism, Empire State Manufacturing Index, Core PPI m/m, and PPI m/m. So there is a probability that the USD/JPY pair will move with a low to a […]
By the end of the last trading week, the pound/dollar currency pair showed a high volatility of 156 pips, as a result, breaking through the newly formed flat. From a technical analysis point of view, we can see the impulse move that broke through the upper edge of the previously formed a short-term flat 1,2700/1.2800, […]
The economic calendar of the foreign exchange market is nearly empty today. Nevertheless, the most important release of the day caused quite a strong resonance among traders. We are talking about the publication of data on the state of China’s foreign trade. The importance of this indicator is due to the general concern of investors […]
The last quarter of 2018 was the worst experienced by global stocks in seven years, with the S&P 500 financials index closing lower by 9%. JPMorgan Chase & Co and Wells Fargo will be among the first of the largest contributors of the index to report earnings results for the messy quarter on Tuesday, while on Wednesday and Thursday […]
British lawmakers will hold the “meaningful vote” on the government’s Brexit deal on Tuesday evening. The accord is widely expected to be voted down, and although that may hurt sterling initially, the currency’s broader direction will probably depend more on what happens next. Overall, the biggest tail risk for the pound – a no-deal exit […]
British Prime Minister Theresa May said that the failure of the Brexit deal will have disastrous consequences for democracy. May is trying to enlist the support of parliamentarians on the eve of the vote on the deal with Brussels. Earlier, in December, she postponed the vote, fearing failure, and urged lawmakers not to betray those […]
On Tuesday, the British Parliament will have to reject or approve the proposed Brexit agreement with the EU, Theresa May. Any decision will be fateful because the future of Great Britain for years to come is at stake. It is worth noting that English politicians have repeatedly proved their unpredictability over the entire time of […]
According to the General Administration of Customs of China, the indicators of China’s exports and imports in December 2018 decreased at the maximum rate over the past two years. Such dynamics indicate that the economic growth of the Celestial Empire demonstrates some slowdown under the negative influence of the trade war with the United States. […]
The pound is still in the grip of politics. Meanwhile, the so-called “Day X” is gradually approaching. What will happen to the British currency when the United Kingdom leaves the European Union? Will it reach new local maximums, or will it update annual minimums? According to a consensus forecast by analysts recently surveyed by Bloomberg, […]
GOLD PRICES dropped $6 to erase an overnight rise at the start of US trading on Monday, moving back to last week’s finish of $1290 per ounce as world stock markets fell even as major government bond yields slipped once more. “The geopolitical risks have started to induce some safe-haven buying,” reckon analysts at […]
The Alcoa stock price dipped to a new two-year low of 24.98 on December 26 and it is currently hovering slightly above this level. The price remains below the medium-term descending trend line, which has been holding since April 19 but stands within 20- and 40-simple moving averages (SMAs) in the daily timeframe. However, technically, the RSI indicator […]
The commodities complex had a particularly volatile run in 2018, with flaring trade tensions, mounting concerns around slowing global growth, and a stronger US dollar being behind the abysmal performance of most commodities. In 2019, the outlook will hinge mainly on how the trade dispute plays out, with precious metals likely to perform well in […]
The euro fell in the first half of the day to the area of a minimum amid weak industrial production data, indicating the likelihood of a slowdown in economic growth in 2018. A further bearish trend in the EUR/USD pair gets more real. Eurozone According to the report, industrial production in the eurozone in November […]
Last week, the Federal Reserve made a lot of effort to weaken the dollar, and, judging by the results, quite successfully. The whole point is that the text of the minutes of the meeting of the Federal Commission on Open Market Operations was published on Wednesday. It is worth recalling that it was during the […]
To open long positions on the GBP / USD pair, you need: Pound buyers managed to stay above the support level of 1.2813, which led to the return of demand and the update of the maximum of the day. The main task for the second half of the day will be to break through the […]
To open long positions on EUR / USD pair, you need: Buyers returned to the market after updating the support level of 1.1449, which I paid attention to in my morning review. At the moment, the main task is to break through and consolidate above the resistance of 1.1490, which will lead to a test […]
The pound has left a seven-week high and apparently, it will continue to decline. Investors are preparing for the next round of voting on Brexit, where the plan proposed by Prime Minister Theresa May will be discussed. It is expected that it will not be adopted. Sterling will be under attack in the short term […]
This week, traders will continue to look at the United States, which has seen a partial government shutdown go on for more than three weeks. This makes it the longest shut down in history. It has been caused by the disagreements between the legislative and executive arms of the US government on border wall funding. […]
USDCNH plunged to a new six-month low of 6.7360 in Friday’s session, creating three straight negative days. The price dropped beneath the 23.6% Fibonacci retracement level of the upleg from 6.2350 to 6.9781, however, currently, it is paring some of the lost ground. The RSI is pointing up near oversold levels, slightly below 30, indicating that the market could […]
Large-scale graph: The general direction of the major yen movement since March of last year is set by the rising wave. The counter-correctional part of the model started in July, which ended at the beginning of the current month. Medium scale graph: The plot of the schedule of December 13 completes the bearish design of […]
Large-scale graph: The vector of the main trend in the euro major pair since January last year is directed downward. The first 2 parts are completed in the wave structure and the final phase (C) has started since the end of September. Medium-scale graph: The ascending section of the chart on November 12 had a […]
On the weekly chart, the EUR/USD pair is demonstrating a long-term Head and Shoulders reversal pattern where the right shoulder is currently in progress. On the Daily chart, the pair has been moving sideways with a slight bearish tendency. Narrow sideway consolidations have been maintained within the depicted daily movement channel since June 2018. On […]
Since mid-November, Successive Lower Highs were demonstrated around the price levels of 1.3060, 1.2920 and 1.2800 maintaining movement within the depicted H4 bearish channel Shortly after, a quick decline was demonstrated towards the price level of 1.2500 before bullish recovery could take place on December 12. A bullish Head & Shoulders pattern was demonstrated on […]
Recently, the Gold has been trading sideways at the price of $1,295.00. Anyway, according to the H4 time frame, I have found that there is a potential end of the contracting flat correction, which is a sign that Gold may resume the upward trend very soon. I have also found that there is the positive […]
