Overview: The AUD/USD pair continued to move upwards from the level of 0.7263. Since yesterday, the pair has risen from the level of 0.7263 (the level of 0.7263 coincides with the ratio of 23.6% Fibonacci Expansion). In consequence, the AUD/USD pair broke resistance at 0.7263, which turned into strong support at the level of 0.7329. […]
Overview: The NZD/USD pair couldn’t break support at the level of 0.6624. The level of 0.6624 coincides with 38.2% of Fibonacci retracement which is expected to act as major support today. Equally important, the RSI is still signaling that the trend is upward, while the moving average (100) is headed to the upside. Accordingly, the […]
Hello, traders, you’re watching the Dukascopy Daily Trading Signals for Friday. Euro/Dollar’s short and mid term technicals are mostly neutral, but outlook is mixed in the daily range. Interbank sentiment is bearish at 25% short. Pound/Dollar has 4 neutral indicators in the hourly chart, but both the mid and long term technicals are mixed. The […]
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Here are the latest developments in global markets: FOREX: The dollar was 0.2% down against six major currencies on Friday. Fed chief Powell’s speech at the Jackson Hole summit later today may act as the short-term driver determining positioning on the greenback. STOCKS: The Dow Jones, S&P 500 and Nasdaq Composite finished Thursday’s trading in the red, […]
CAD/JPY reversed off its resistance at 85.44 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to drop further to its support at 84.56 (50% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) reversed off its resistance at 96% where a corresponding drop is expected. CAD/JPY reversed off its […]
The U.S. dollar has returned to growth on the comments from the Fed officials about the need of further rates increases this year and next one. At the end of the day, the dollar index added 0.5% to 95.50. Robert Kaplan and Easter George, the heads of the Fed’s regional Reserve Banks, said on Thursday […]
USDCAD is back above the 23.6% Fibonacci retracement level of the upleg from 1.2060 to 1.3385, around 1.3072 but the bias over the last month remains neutral. The pair has been developing within a narrow range with upper boundary the 1.3170 resistance level and lower boundary the 1.2960 support barrier. In the short-term timeframe, the technical indicators […]
USD/CHF has recently breached below the 0.9850 area with a daily close which was not quite sufficient to keep pushing the price down consistently with target towards the 0.97 area. CHF has been dominating in the pair recently despite the recent positive USD economic reports. Despite having worse economic report results, certain gain on the […]
The Australian dollar regained some losses from yesterday’s session thanks to the election of a new prime minister. Scott Morrison was previously the Minister of Treasury and chairman of the Liberal Party of Australia. A 50-year-old politician is considered to be a safe and good choice, as evidenced by the reaction on the financial markets. […]
On Friday, the 24th of August, the event calendar is light in important data releases. Overnight, the National CPI data from Japan were released and it missed the expectations (0.9% vs. 1.0% expected). The market participants are waiting for German 2 quarter GDP release and Durable Goods Orders from the US. There is a speech […]
AUD/JPY has been quite corrective and volatile recently after being dominated by the bears for a long period of time, whereas certain bullish momentum can be currently observed. AUD has been performing quite well with the recent economic reports which helped the currency to shift the market sentiment towards it apart from JPY. Recently, AUD […]
The Chinese government will take steps to further block access to more than 120 cryptocurrency exchanges, whose sites are still available on the Asian continent. According to local news sites in Hong Kong, South China Morning Post reports that authorities associated with a leading remedy group on online financial risks will block IP addresses belonging […]
https://pepperstone.com/en/forex-news/market-review -EUR and AUD gain at the $ expense. -HKMA and PBOC active overnight. -Malcolm Turnbull is out as Aussie PM. -Fed chair Powell to speak in Wyoming today. -NZ trade balance swings to a deficit. -Sector performance in the US 500 index. The overnight changes and price moves to be aware of by Pepperstone’s […]
Morning Report: 07.00 London The Australian dollar is rebounding as Scott Morrison emerges to become the new Prime Minister. The AUD/USD sunk heavily yesterday, but the pair has recovered half those losses this morning. The AUD/JPY is recovering quicker after smaller losses yesterday. The euro continues to out-perform and is now the top performer on […]
When the European market opens, some Economic Data will be released such as Belgian NBB Business Climate, and German Final GDP q/q. The US will release the Economic Data too such as Durable Goods Orders m/m, and Core Durable Goods Orders m/m, so amid the reports, EUR/USD will move in a low to medium volatility […]
In Asia, Japan will release the SPPI y/y, National Core CPI y/y and the US will release some Economic Data such as Durable Goods Ordersm/m, and Core Durable Goods Orders m/m. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 111.97. […]
EUR/NZD has finally broken above short-term important resistance at 1.7355. This former resistance should now act as support if a re-test is needed. The break above resistance at 1.7355 should have paved the way for a continuation higher towards 1.7484 on the way towards 1.7924 and 1.8369 as the next important upside targets. EUR/NZD is […]
Red wave iii extended even further than first expected and is currently testing the 200% extension of red wave i. Even though red wave iii could extend further towards the 261.8% extension target at 129.74, the rally in red wave iii looks a bit overextended and could need a rest by now for a correction […]
While the matter is, the order of the US Customs and Border Service to impose new duties on goods imported from China came into force today. The Chinese authorities did not wait long and introduced new retaliatory trade duties worth $16 billion. It is worth noting that at the same time, the second round of […]
To open long positions for EURUSD, it is required: Buyers are trying to return to the market, and while they do it. Trade is conducted above the range of 1.1579, which keeps further upside potential with a purpose of updating the weekly high at 1.1617 and further access to reach the resistance level of 1.1653, […]
• AUD/CHF broke key support level 1.5600 • Further losses are likely AUD/CHF today broke through the key support level 1.5600, which stopped the previous short-term impulse wave (i) earlier this month – as can be seen below. The breakout of this support level should accelerate the active impulse wave (iii) – which started recently […]
• Platinum reversed from resistance area • Further losses are likely Platinum recently reversed down from the resistance area lying at the intersection of the round resistance level 800.00 (former strong support from July) and the 38.2% Fibonacci correction of the downward impulse from July. The downward reversal from this resistance area started the active […]
The minutes of the July meeting of the ECB did not bring any surprises and generally confirm the position presented earlier. The members of the Governing Council are satisfied with the way the markets have received their communication about forward guidance from June (QE ended until December, interest rates unchanged at least until the end […]
4-hour timeframe Amplitude of the last 5 days (high-low): 73p – 78p – 90p – 121p – 70p. The average amplitude for the last 5 days is 86n (83p). On Thursday, August 23, the US dollar began to appreciate. On the one hand, this is quite a logical event, as the MACD indicator was already […]
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Japan’s Statistics Bureau will be releasing inflation readings for the month of July at 2330 GMT and while the Bank of Japan’s monetary policy remains super accommodative, inflation has been stubbornly refusing to pick up steam towards the central bank’s price target, making investors wonder whether the BoJ could join its counterparts in the tightening train anytime soon. In July, analysts expect core inflation to strengthen but still remain sluggish. The data are […]
AUDCAD is set to record the second strong negative day in a row, posting a fresh one-week low near 0.9493. The bearish picture in the short and medium term is further supported by the MACD, which is falling below the zero and trigger lines, while the RSI is approaching the 30 level with weak momentum at the moment. The […]
Daily Outlook In April 2018, the EUR/USD pair outlook turned to become bearish when the pair pursued trading below the lower limit of the depicted consolidation range (1.2200). The price level of 1.1500 offered temporary bullish recovery towards 1.1830. The EUR/USD bulls failed to pursue towards higher bullish targets. Instead, a descending high was established […]
Breakdown of 0.7220-0.7170 (neckline zone) was needed for a bearish breakout of the depicted consolidation range (0.7170 and 0.7350). Quick bearish decline took place towards 0.6700-0.6800 where the narrow ranged consolidation range was established. On July 7, evident bullish rejection pushed the NZD/USD pair above 0.6820 temporarily. However, lack of bullish momentum made the bulls […]
