Good morning traders, it’s time for Tuesdays daily trading signals. Euro/Dollar’s short and long term technicals are mostly neutral, but outlook is bullish in the 4-hour chart. Interbank sentiment is bearish at 30% short. Pound/Dollar has 5 neutrals in the hourly scale. Mid term models are mostly green and daily indicators show mixed results. Interbank […]
The dollar fell under pressure after Trump’s interview with Reuters, where he reiterated that he is “not thrilled” by the actions of the Fed and prefers a policy of low interest rates. The dollar index lost 0.7% over the past 24 hours. EURUSD up to 1.1530, the maximum in the last 2 weeks. Previously Trump […]
Here are the latest developments in global markets: FOREX: The dollar was losing ground against six major currencies on Tuesday, building on yesterday’s losses after some overnight comments by US President Trump; he expressed displeasure with the Fed raising interest rates. STOCKS: The Dow Jones finished Monday’s trading up by 0.35%, while the S&P 500 and […]
As expected EUR/USD has bounced back for a back test at the previous support zone around 1.15. Price is again above 1.15 and challenging the resistance at 1.1520-1.1530. If we are going to see new lows we should expect EUR/USD to get rejected around these levels. Red line – triangle pattern (broken) EUR/USD is back […]
GBPUSD recorded a respectable bullish rally over the last three days after it created a new 13-month low of 1.2660 on August 15. The price seems to be in an upward correction mode as the short-term technical indicators confirm. The RSI indicator is currently increasing positive momentum towards its neutral threshold of 50 after an exit from […]
Gold price has reached our first short-term target of $1,195 after breaking above $1,183. Trend however remains bearish for the medium-term and this bounce is still considered corrective in nature and against the prevailing trend. Only a break above $1,200 and if prices stay above it will signal a trend change. Black lines – wedge […]
Today, both European and the US market will not release Economic Data, so amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1547. Strong Resistance:1.1540. Original Resistance: 1.1529. Inner Sell Area: 1.1518. Target Inner Area: 1.1491. Inner Buy Area: 1.1464. Original Support: 1.1453. […]
Today, both Japan and USA will not release any Economic Data. 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: 110.45. Resistance. 2: 110.23. Resistance. 1: 110.02. Support. 1: 109.75. Support. 2: 109.54. Support. 3: 109.32. Disclaimer: Trading Forex (foreign exchange) […]
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Morning Report: 07.00 London The dollar index is under pressure, with dollar pairs building on yesterday’s gains. Trump downplayed the prospects for trade talks with a China and criticised the Fed’s rate hike trajectory. The AUD/USD is now set for its fourth day of solid gains. The EUR/USD and GBP/USD are following a similar trend, […]
https://pepperstone.com/en/forex-news/market-review -The US dollar continues to retrace. -EUR, GBP, AUD, NZD and ZAR all benefit. -POTUS takes a swipe at the Fed chair and higher rates. -The RBA cites trade wars and a drought as ongoing risks. -Which EM’s have the most overseas debt? The overnight changes and price moves to be aware of by […]
EUR/NZD is finally showing signs of strength again, We still need a clear break above resistance at 1.7355 to confirm that red wave ii has completed and red wave iii is developing to above 1.7484 for a continuation higher towards 1.7924 and 1.8369 as the next important upside targets. Support is now seen at 1.7269 […]
We still favor this really being part of an expanded flat wave iv/ correction. Under this count, EUR/JPY should continue higher towards 127.94 and from there a final spike in wave v/ should be expected to just below 124.89 to complete wave ii. That said, we have some serious consideration about the time-span of wave […]
Vitalik Buterin, a co-founder of the Ethereum platform, re-emphasized that the biggest problem that Blockchain is currently facing is the high ratio of generated publicity to real use cases: “The amount of Blockchain’s sustainable use is very low. Although there are many people giving value to cryptocurrencies, the amount of useful things that are available […]
Last week, the global investors got the latest retail sales data from the United States. According to information provided by the American Census Bureau, the value of the basic retail sales increased in July this year by 0.6%, which turned out to be a much better result than the previous publication (0.2%) as well as […]
http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 Many Main Street investors would probably be surprised at how often the professionals on Wall Street are on the wrong side of major market turns. Gold is a prime example. Learn why this insight is especially important now … http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www2.elliottwave.com/club/signuplt/newsletters.aspx Learn How the Wave Principle Can Improve Your Trading Related Posts:Weekly forecast based on […]
• AUD/NZD reversed from support zone • Further gains are likely AUD/NZD continues to rise after the earlier upward reversal from the support area located between the key support level 1.0980 (former powerful resistance from July) and the 38.2% Fibonacci correction of the previous sharp upward impulse form June. The upward reversal from this support […]
• Palladium reversed from support zone • Further gains are likely Palladium recently reversed up sharply from the major support area located between the key support level 825.00, lower weekly Bollinger Band and the 61.8% Fibonacci correction of the previous weekly uptrend from the end of 2016. The upward reversal from this support zone created […]
During the past week, the dollar failed to develop its success, although, at its very beginning, it continued to grow, but rather by inertia. It turned out that in the absence of serious political factors, the dollar did not have any reasons for growth, as the US statistics was rather weak, especially against the background […]
Jeremy Leaf, London estate agent and former RICS residential chairman, talks to IGTV’s Victoria Scholar about the state of the UK capital’s #housingmarket. #brexit #houseprices Subscribe: https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 Learn more about IG: https://www.ig.com?CHID=9&SM=YT Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom LinkedIn: https://www.linkedin.com/company/igcom We provide fast and flexible access to over 10,000 financial markets – including indices, shares, forex and […]
Trading recommendations: According to the 30M time – frame, I found that Bitcoin is trading in a consolidation phase, which is a sign of indecision. Anyway, I found a potential downard movement within the consolidation. The potential C wave is in progress. My advice is to watch for selling opportunities. The downard targets are set […]
GBPAUD is paring some of the losses from previous days but remains in a descending movement that has been holding since April 26. The pair exited from the trading range between 1.8180 and 1.8475 around mid-May and retreated sharply, posting a seven-month low of 1.7280 on August 9. The technical indicators, though, are sending neutral to positive signals, suggesting that a bullish retracement is possible in the […]
GOLD PRICES edged higher on Monday morning in London amid Turkey’s currency crisis and ahead of US-China trade talks, writes Steffen Grosshauser at BullionVault. The United States and China are set to hold lower-level trade talks on Tuesday and Wednesday this week – just before the new retaliatory tariffs from Washington and Beijing take effect, […]
To open long positions for GBP / USD pair, you need: A breakdown and consolidation above the resistance of 1.2773 signal for the opening of long positions in the pound, which will lead to a larger upward wave with a test of new highs of 1.2823 and 1.2893, where fixing profits are recommended. In case […]
Economic Calendar is relatively light on this Tuesday as well, but there is a potential Kiwi Dollar shaker on the agenda, so stay with us. Swiss Trade Balance for July opens this agenda at 6 o’clock in the morning. Surplus disappointed in June as it narrowed down from 2.81 billion Swiss Francs in May. UK […]
We’re halfway through this week’s first trading day, so let’s look back at the rate movements and trader performance. Euro/Dollar declined by a total of 46 pips, but a late rise has wiped out most of the loss. Turnover is low and sentiment of the traders is neutral, long positions are up by 5%. Bears […]
Recently, the USD/CAD pair has been trading downwards. The price tested the level of $1.3053. According to the H1 time – frame, I found head and shoulders pattern in the background and a broken neckline, which is a sign that buying looks risky. I also found a downward regression channel, which is another sign that […]
Dear colleagues. For the EUR / USD pair, the development of the upward structure of August 15 is expected after the breakdown of 1.1455. For the GBP / USD pair, the price is still in the correction zone. The level of 1.2825 is the key support for the bottom. For the USD / CHF pair, […]
Last week, the focus among investors was on Turkey, a country that is facing major challenges. Its currency has fallen by more than 70% this year and as things stand, the country might face more challenges ahead. The problems have been compounded by the country’s continued arrest of an American pastor who has been accused […]
Natural Gas is a naturally occurring fossil fuel, found deep inside the earth’s crust. The commodity has moved from being an unwanted resource to one of the most important in the world. When it was discovered, many producers did not know what to do with it. In the past few years, natural gas has become […]
