Let’s find out if the past 24 hours have been calm in terms of spread levels for the three non-cross majors. Euro/Dollar has a daily average spread of point 36 pips and maximum separation has been point 9 pips. The pair has appreciated by a total of point 56% or 64 pips as it moved […]
Chinese data on trade will be hitting the markets on Wednesday, with the latest twist in the Sino-US trade row perhaps rendering the release all the more important. Also of significance out of the world’s second largest economy, will be producer and consumer price inflation figures due on Thursday. Meanwhile, Australia’s “China-dependency” is bringing the […]
Good morning, it’s the second day of the trading week and time for the daily trading signals brought to you by the Dukascopy TV team. Euro/Dollar’s hourly indicators show mixed results. Mid term models are mostly neutral and outlook shifts to bearish in the long term. Interbank stance is almost 35% short, in line with […]
The demand for dollar, provoked by the fears of new US sanctions against a number of countries and expanding trade conflict with China push the American currency close to the upper edge of the trading range since April. The threat of sanctions and tariffs from the United States puts pressure on a large part of […]
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand howCFDs work and whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and […]
The autumn seminar series started by XM in the Philippines continues its way to Davao City on 15th September and to Iloilo on 29th September, where we look forward to welcoming online investors keen on receiving professional guidelines on the use of technical analysis in trading forex and other financial instruments. Seminar presenter Jonathan Lou […]
Here are the latest developments in global markets: FOREX: The US dollar index is lower by a little more than 0.10% on Tuesday, giving back some of the gains it posted yesterday. Meanwhile, the British pound retreated across the board on Monday, as speculation intensified that the UK could exit the EU without any deal. Elsewhere, the aussie […]
After a sleepy Monday, low volatility remained a topic also during Asian trade. The only night’s event was the decision of the RBA, which, however, did not surprise at all. The stock market is picking up bullish, oil and gold are slightly bouncing. EUR / USD stopped at 1.1550, GBP / USD wants, but it […]
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication […]
GBPUSD had been in a falling mode over the previous three days as it posted a fresh 11-month low of 1.2919. The rally brought the pair below the 20- and 40-simple moving averages (SMAs) and near the lower Bollinger Band in the daily timeframe. However, the technical indicators are suggesting for a possible upside correction. […]
Overview: The USD/CHF pair is still set above the pivot point of the price 0.9857. The USD/CHF pair faced resistance at the level of 0.9943. The strong resistance has been already formed at the level of 0.9943 and the pair is likely to try to approach it in order to test it again. However, if […]
The People’s Bank of China announced on Friday that it imposes mandatory reserves of 20% for forwarding transactions on USD/CNY, which according to the bank’s position is to “stabilize the exchange rate of the yuan”. The actions are undoubtedly aimed at strengthening the currency and stopping the outflow of capital from the local market. In […]
Overview: The EUR/USD pair continues to move downwards from the level of 1.1639. Last week, the pair dropped from the level of 1.1639 (this level of 1.1639 coincides with the ratio of 32.8% Fibonacci) to the bottom around 1.1549. Today, the first resistance level is seen at 1.1589 (the weekly pivot point) followed by 1.1639, […]
Turkey has set up the country’s first Blockchain Center at the university level, aiming to close the gap of the blockchain expertise and ensure the widespread use of technology. Istanbul Blockchain and the Innovation Center (BlockchainIST Center) was opened at the Bahcesehir University (BAU). According to the director of the center, Bora Erdamara, BlockchainIST is […]
The euro continued to decline against the US dollar in the morning of Monday, August 6, amid the lack of important fundamental statistics, as well as expectations of further interest rate hikes in the United States. Data on the sharp decline in orders in Germany put pressure on risky assets. According to a report by […]
When the European market opens, some Economic Data will be released such as French Trade Balance, German Trade Balance, and German Industrial Production m/m. The US will also release the Economic Data such as Consumer Credit m/m, IBD/TIPP Economic Optimism, JOLTS Job Openings, and Mortgage Delinquencies, so amid the reports, EUR/USD will move in a […]
In Asia, Japan will release the Leading Indicators, Average Cash Earnings y/y, and Household Spending y/y. The US will also release some Economic Data such as Consumer Credit m/m, IBD/TIPP Economic Optimism, JOLTS Job Openings, and Mortgage Delinquencies. So there is a probability the USD/JPY pair will move with low to medium volatility during this […]
Our preferred count remains that support at 1.7115 continues to protect the downside for a break above resistance at 1.7224 for a continuation higher towards 1.7510 and longer term much higher towards 1.8310. However, as long as resistance at 1.7224 is able to cap the upside, the alternate count does allow for a slightly deeper […]
Morning Report: 07.00 London The Australian dollar is performing well, despite the RBA opting to keep interest rates on hold. The AUD/USD has made good yesterday’s losses, rising above 0.7400 with some change. The AUD/JPY is rallying, challenging the 82.50 level. Dollar pairs are generally performing well, lifted by the dollar’s poor performance since Friday’s […]
EUR/JPY tested triple support at 128.50, where it made a backtest of the broken resistance-line, which now acts as support. It backtested the broken S/H/S bottoms neckline, which now acts as support too, and finally tested the 61.8% corrective target of wave i/. So the odds for a corrective low for wave ii/ is pretty […]
USD/JPY has been quite volatile and corrective between the price range of 112.00 to 110.50 for a few days. USD has been quite impulsive with the recent economic reports, but failed to gain such momentum against JPY in the process as JPY has been quite stronger with the economic reports as well. After the USD […]
Bitcoin got rejected at the resistance we previously noted as the most important level bulls need to break in order for the trend to continue higher. The price, on the other hand, got rejected, bulls were not strong enough and the price is now challenging cloud and Fibonacci retracement support levels. Black rectangle – resistance […]
The EUR/USD bounced today towards 1.1550 after making new lows around 1.1530. The trend remains bearish. Price is below the Ichimoku cloud and inside the bearish channel. Bulls will need at least to break above 1.1570 to give some hope for a bigger bounce. Trend changes only with a break above 1.17. Red lines – […]
Nothing new for Gold today. Gold remains in a bearish trend inside a downward sloping wedge pattern. There are bullish divergence warning signs but as long as the Gold price is below $1,225 trend will remain bearish. Black lines – wedge pattern Blue line – RSI resistance Red line – Bullish divergence The Gold price […]
Last week we would undoubtedly be called a week of central banks. This is, of course, related to the large number of monetary decisions that we have learned over the past days. In addition, the attention of investors around the world was also focused around Friday’s publication of the report of the American Labor Office […]
Ethereum analysis for 06/08/2018: Ethereum has concluded a contract with the provider of comprehensive domain services Minds + Machines Group Limited (MMX), through which Ethereum Name Service (ENS) will receive the name of the top-level domain, according to a press release from August 3. According to the contract, Ethereum customers will be able to register […]
The US labor market report is close to expectations. The unemployment rate in July fell to 3.9% (as expected), the hourly wage increased by 0.3% m/m and 2.7% y/y, although June data was revised down from 0.2% up to 0.1%. Employment increased by 157,000, which is a disappointment compared to 193,000 expected in the forecast, […]
https://pepperstone.com/en/forex-news/market-review -FX markets are quiet overnight. -Dollar index steady above 95. -The RBA leaves rates unchanged at +1.5%. -Japanese households spend less but earn more. -Auto sales in Brazil spring back to life. -What indicators say about oil prices. The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, Darren Sinden. […]
Stay informed about headline news and trends across the world’s ever-fluctuating financial markets through Binary TV. From stocks and commodities to global currencies, indices, and more, we help you keep up-to-date with our Daily Financial Market News, all brought to you exclusively from Binary.com Binary_com- Daily financial new -August 7th 2018 Related Posts:Financial future on […]
• GBPCAD key support level 1.7050 • Further losses are likely GBPCAD continues to fall after the earlier breakout of the key support level 1.7050 (which stopped the sharp intermediate impulse wave (A) at the end of May, as can be seen from the daily GBPCAD chart below). The breakout of the support level 1.7050 […]
