Federal Reserve Head Jerome Powell said that regulator officials will be patient when deciding to raise interest rates until they analyze the possible negative effects of monetary tightening, their impact on the growth of the US economy this year. J. Powell noted that currently there are no signs of excessively high inflation or the presence […]
4 hour timeframe The amplitude of the last 5 days (high-low): 211p – 72p – 93p – 94p – 73p. Average amplitude for the last 5 days: 109p (132p). On the last trading day of the week, the British pound sterling rushed higher because of the news on GDP for November, which exceeded the forecast […]
4 hour timeframe The amplitude of the last 5 days (high-low): 73p – 87p – 63p – 121p – 85p. Average amplitude for the last 5 days: 86p (89p). On Friday, January 11, the EUR/USD currency pair was trading in an absolutely calm way all day. The total range of movements on the last trading […]
This week, the government shutdown in the United States continued for the third week. It has now become the longest shutdown ever and there doesn’t seem to be a way forward. The shutdown is mostly because of the United States president who has said he will not sign any funding package without his border wall. […]
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 slight bearish tendency. Narrow sideway consolidations have been maintained within the depicted daily movement channel since June 2018. On November […]
The euro ends the week on a positive note amid widespread depreciation of the dollar after cautious signals from the US Federal Reserve System. In the past three months, the single European currency has failed to get out of the range of $ 1.12- $ 1.15 primarily because of fears that the ECB will not […]
To open long positions on the GBP / USD pair, you need: British pound buyers returned to the market after updating the support of 1.2708, which I talked about in more detail in the morning forecast. Good data on the growth of the UK economy helped the pound to break through the resistance of 1.2798 […]
On today’s agenda, traders in the GBP / USD pair have two questions, Brexit and the growth dynamics of the British economy. The topic of the “divorce process” has an undisputed priority, however, macroeconomic indicators should not be overlooked. If the Brexit epic ends in a civilized way, then the rate of monetary policy tightening […]
GOLD PRICED in the US Dollar showed a 0.5% weekly gain as New York trading began on Friday, holding at $1293 as European stock markets slipped amid a fresh round of political turmoil. “Up until now people have been quite rightly worried about the prospects of no deal” for the UK’s March exit from […]
Brexit fatigue looks set to reach a climax next week as UK lawmakers will finally get their say on Theresa May’s deal. But with little chance of the deal passing through Parliament, stormy days lie ahead for sterling. On the data front, inflation will be the dominant theme, while the US housing market will also […]
To open long positions on EUR / USD pair, you need: In the afternoon, the entire calculation will be on the inflation data in the United States. They will only be able to lead a change in the situation on the market, which is lateral in nature. Buyers are required to return to the resistance […]
The big picture: Shutdown in the United States and the Brexit agreement in the British Parliament. In the British Parliament, the debate began on an agreement with the EU. According to the mood in the parliament, Theresa May can not get a majority. Voting is next Tuesday on January 15. The second topic is the […]
GBPCAD slipped below the 20- and 40-simple moving averages (SMAs) in the daily timeframe, following the bounce off the five-month high of 1.7495 resistance level reached on 1.7495. The pair has been trading within an ascending sloping channel over the last five months, despite the upside spike towards 1.7495. The RSI indicator keeps moving slightly […]
Overview: The USD/CAD pair has dropped sharply from the level of 1.3419 towards 1.3181. Now, the price is set at 1.3297 and acts as a daily pivot point. It should be noted that volatility is very high, so the USD/CAD pair will continue to move between 1.3297 and 1.3181 in the coming hours. Furthermore, the […]
Bitcoin has been quite impulsive and non-volatile with the recent bearish momentum after breaking below $4,000 area with a daily close. The price is currently correcting itself near $3,500-600 support area from where certain pullbacks towards the dynamic level have been observed. The price is expected to push lower towards $3,000 support area in the […]
GBPJPY has been in a neutral mode after the price jump above the more than two-year low around 132.48. The technical indicators are turning lower as the price is losing momentum. The RSI indicator is sloping down, failing to surpass the 50 level, while the MACD oscillator is flattening near the zero line in the […]
Overview: The NZD/USD pair breached resistance which had turned into strong support at the level of 0.6705 this week. The level of 0.6705 coincides with a golden ratio (61.8% of Fibonacci), which is expected to act as major support today. The RSI is considered to be overbought, because it is above 70. The RSI is […]
On Friday, the price will move up. The first upper target 1.1571 is the upper fractal. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – up; – candlestick analysis – up; – trend analysis – up; – Bollinger lines – up; – weekly schedule – […]
Wave counting analysis: On January 10, the GBP / USD pair lost about 45 bp. Thus, wave 2, 3 or s takes a more complex form and does not go beyond the maximum of December 31, thus maintaining the integrity of the current wave marking and the instrument’s chances of a new decline within the […]
The American dollar regained some of its positions after yesterday’s publication of the European Central Bank’s minutes from the monetary policy meeting, as well as against the background of good data on the US labor market. Speech by Fed Chairman Jerome Powell also reassured traders and investors. Yesterday, US President Donald Trump said that if […]
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: 24.5871 The currency pair GBP / USD on Friday, January 11, corrected to the area of the moving average line, but, unlike the Euro currency, there are no […]
4-hour timeframe Technical details: The senior linear regression channel: direction – sideways. The younger linear regression channel: direction – up. Moving average (20; smoothed) – up. CCI: 22.4301 The EUR / USD currency pair on Friday, January 11, after a rather small correction, resumed an upward movement, as indicated by the indicator Heikin Ashi. Thus, […]
Japan’s 225 stock index (Nikkei 225) gained some ground after dropping to a 15-month low of 19,239 in the first week of the year and is now looking for a cross above the 20-day simple moving average. In the short term the index could consolidate as the RSI is ready to touch its 50-neutral mark, […]
Dollar briefly inches up after Powell; US CPI data today will be crucial Swiss franc drops, with SNB likely behind the move US-China trade optimism boosts aussie and kiwi Brexit uncertainty lingers ahead of next week’s Parliamentary vote Powell helps dollar to rebound briefly, but mind the upcoming inflation data Fed Chair Powell mostly “stuck […]
Gold price has not made a new high yet. Price seems to be moving sideways as we are currently in a very short-term correction/consolidation phase before the next upward wave. Price remains inside the bullish channel and above short-term support so trend remains bullish. Green rectangles – support areas Purple lines – bullish channel Black […]
EUR/USD as expected by our last analysis is pulling back towards 1.15-1.1470 area. I consider this to be a back test of the breakout area and I expect prices to bounce higher towards 1.17 at least from current levels. Red line – major trend line resistance Green line – trend line support As we saw […]
Fed Chairman J. Powell, speaking as part of the discussion at the energy club forum, said that the growth rate of the national debt and the budget deficit are of serious concern and one way or another, they require a solution in the long term. The normalization policy led, among other things, to an increase […]
On Friday, the 11th of January, the eye of all traders should be focused on UK data such as GDP, Industrial Production, and Manufacturing Production. The other important data are from the US in form of Consumer Price Index, UoM Consumer Sentiment, UoM Inflation Expectations and Federal Budget Balance. No speeches are scheduled for today. […]
4h The EUR / USD currency pair fell below the correction level of 50.0% – 1.1517, but after the formation of a bullish divergence at the CCI indicator, it made a U-turn in favor of the EU currency and closed above the level of 50.0%. As a result, on January 11, the growth process can […]
4h The currency pair GBP / USD on a 4-hour chart made a new turn in favor of the American currency after the formation of the second bearish divergence at the MACD indicator. As a result, the process of falling quotations can be continued on January 11 in the direction of the correction level of […]
