USD/CAD had been quite volatile until it breached above 1.3050 with a daily close. The price is currently retracing to retest the resistance as support. USD has been quite impulsive with the recent gains which lead CAD to lose some grounds in the process despite better-than-expected economic reports. Recently, Canada’s Employment Change report was published […]
Morning Report: 07.00 London The dollar pairs are rebounding, with the dollar index and other safe havens on the back foot. There is no good news specifically, more an absence of potentially bad news. Movements are slight though, with any gains potentially wiped out in a morning session. The EUR/USD is rallying off the 1.1400 […]
There is a demand for profit-taking in the markets after powerful movements at the end of last week and a very aggressive trading start of the week. On Monday afternoon there was a cautious demand for some risky assets, as investors considered recent sell-off as gone too far. However, investors should be cautions. The key […]
GBPUSD eases slightly to the upside after the aggressive falling mode posted in the preceding five weeks. The cable recorded an almost 13-month low of 1.2722 and the rally brought the price 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 […]
GBP/USD has been quite non-volatile with the bearish trend earlier which has led the price to reside below 1.2850 support area with a daily close. Ahead of the GBP and USD high impact economic reports this week, certain volatility is expected in this pair for the coming days. Today GBP Average Earning Index report is […]
Monday was a day for catching a breath after the shock that the lira dropped in the markets. Lack of macroeconomic data allowed to focus on Turkey and developing countries. Today, for this we are dealing with a calendar filled with important publications. The global investors have already got familiar with some of the weaker […]
Kenneth A. Blanco, director of the American Network for the Enforcement of Financial Crimes (FinCEN), revealed that the agency has seen a sharp increase in reports on suspicious activities related to cryptography (SAR). According to him, the number of complaints currently exceeds 1500 per month. The director presented the current role of FinCEN in the […]
When the European market opens, some Economic Data will be released such as ZEW Economic Sentiment, Industrial Production m/m, German ZEW Economic Sentiment, Flash GDP q/q, French Final CPI m/m, German Final CPI m/m, and German Prelim GDP q/q. The US will release the Economic Data too, such as Import Prices m/m and NFIB Small […]
In Asia, Japan will release the Revised Industrial Production m/m data, and the US will release some Economic Data such as Import Prices m/m and NFIB Small Business Index. So there is a probability the USD/JPY will move with a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 111.36. Resistance. 2: […]
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 14th 2018 Related Posts:Financial future on […]
https://pepperstone.com/en/forex-news/market-review -NZD, ZAR and MXN push back vs USD. -Dollar index stays firmly above 96 -US equities down gain on Turkey fears. -China data comes in light. -Business confidence picks up in Aussie. -Has gold lost its lustre? The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, Darren Sinden. New […]
We are looking for red wave ii to complete in the 1.7196 – 1.7258 target-zone. Once this correction is complete a new impulsive rally to above 1.7487 is expected for a continuation higher to 1.7924 and 1.8369 as the next upside important upside targets. Short-term only a break above minor resistance at 1.7356 will indicate […]
We have seen the expected rally from 125.23. The question now is whether it’s able to correct all the way to 127.30 before turning lower to just below 125.23 to complete wave ii or the minor correction in wave iv/ already has completed at 126.78 for the final dip? We do prefer a little more […]
Despite the increase in the REPO rate to 0.75% in the monetary policy normalization cycle and the acceleration of the British economy from 0.2% in the first quarter to 0.4% q/q in the second quarter, the sterling is the worst performer among the G10 currencies in the previous three months. Its losses against the US […]
The Canadian dollar came under the influence of the overall situation in the foreign exchange market. Discussion of the prospects for this or that currency pair now largely comes down to one issue that has a very distant relationship with trading – whether Turkey will release the American pastor or not. Positions of protective instruments […]
The organization associating heads of human resources departments in British companies informed on Monday that the decrease in the number of migrants coming to the UK with the EU caused by next year’s Brexit, deepened the problems of employers with finding appropriate employees. The Chartered Institute of Personnel and Development (CIPD) report emphasizes that the […]
In the statement released this morning, the Turkish monetary authorities have announced the announcement of several activities that have one goal – to calm the situation around the domestic banking system and restore confidence in the lira. The Central Bank of the Republic of Turkey announced, among others, providing the liquidity needed by commercial banks, […]
While Eurostat’s second GDP growth estimate is expected to confirm on Tuesday that the bloc’s economic growth slowed down in the second quarter, eurozone’s industrial production is anticipated to have picked up steam in June (0900 GMT). At the same time in Germany, the ZEW institute is projected to say that economic sentiment in the biggest EU economy has improved but is still […]
To open long positions for GBP / USD, you need: The buyers made a false break in the morning and returned to the support level of 1.2739, and while the trade is above this level, one can expect an upward correction in the resistance area of 1.2789 and a maximum update in the area of […]
The Turkish “crisis epic” continues to gain momentum. For many weeks, this problem was of a local nature and did not affect the currency market on the scale that affects now. But with the “light hand” of the American press, traders gave in to panic, as the market had a reasonable idea that the metastases […]
As a drop in the price of #gold takes the shine off gold miners with high costs, #AvesoroResources is anticipating a drop in costs that will bring down its existing overall cost base. It’s also working on mine expansion which chief financial officer (CFO), Geoff Eyre, says is something that should be represented in a […]
• EURJPY reversed from support zone • Further gains are likely EURJPY continues to rise after the previous sharp upward reversal from the support zone lying between the key support level 125.00 – intersecting with the lower daily Bollinger Band. The upward reversal form this support zone completed the earlier short-term correction (c) of the […]
• Gold broke long-term support level 1200.00 • Further losses are likely Gold today broke below the major, long-term support level 1200.00 – the last time this support level reversed the price was in May of 2016, as can be seen below. The breakout of the support level 1200.00 coincided with the breakout of the […]
EUR / JPY The players on the fall could not close the past week below the support levels of 126.18-46 (monthly Senkou Span A + week Senkou Span B). Today, they went on the trick and still turned support into resistance by doing it with the help of a good descending gap, executed at the […]
Analysis of wave counting: In the course of trading on August 10, the GBP / USD currency pair fell by 60 percentage points. Thus, there is a reason to believe that wave 5, 3, a, has not yet completed its construction. A successful attempt to break through the spent mark of 1.2758 will allow the […]
The growth of consumer prices in June in the US amounted to 0.2%, this result was 1 point higher than the June value and coincided with the forecasts. Inflation growth at an annualized rate of 2.94%, at first glance, such a trend should be considered positive amid expectations of an increase in the Fed rate […]
The US dollar continued to strengthen its positions against the euro and other risky assets amid the new statements made by US President Donald Trump regarding Turkey, as well as the actions of the European Central Bank. Inflation data in the US, which grew in July this year, had a positive effect on the US […]
GBP / JPY To the bearish sentiment of last week, there was an added descending gap, formed at the opening of the market. At the moment, the players on the slide met the support of the monthly Kijun (140.69). Overcoming the level will open the way to important landmarks. The value will have the goal […]
4h The currency pair EUR / USD on the 4-hour chart continues falling quotations and performed fixing under the correction level of 127.2% – 1.1431. As a result, on August 13, the process of falling can be continued in the direction of the next level of Fibo 161.8% – 1.1333. Today, there are no visible […]
The year started well for the South African rand as traders placed their hopes with the new administration. As the year ended, the regime of the corrupt leader, Jacob Zuma ended and he was replaced by his deputy, Cyril Ramaphosa. Ramaphosa was a favourite for investors. As an accomplished businessman, they believed that he would […]
