Trading plan for the US session on May 8 GBP/USD

To open long positions for GBP/USD, it is required: Buyers are trying to keep the support level at 1.3490, and the formation of a false breakdown on it will be the first signal to open long positions in the pound, based on a return to the middle of the 1.3562 channel, where I recommend locking […]

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How the Danger of Debt Looms Large

http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 High-debt levels combined with rising rates means increasing financial pain for borrowers. The eventual result is an all-out credit collapse.See a chart that suggests a debt implosion may be closer than many observers realize. 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:Technical Analysis – USDJPY faces new struggle as FOMC… […]

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This “Poison” in the Financial System Means Deflation Ahead

Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis – Meta stock pauses 2023 rally ahead of… July 26, 2023 Meta’s (Facebook) stock has been in a steep uptrend since…EURUSD Ichimoku cloud indicator analysis ahead of the FOMC… July 26, 2023 EURUSD is trading around 1.1061 after bouncing towards 1.1086 earlier…Gold remains bullish […]

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The New Cash-for-Gold Trade

Like Trump’s man said: Dollar up, gold demand down…   SAY WHAT you like about Donald Trump, but he does what he tweets, writes Adrian Ash at BullionVault.   “The Dollar is going to get stronger and stronger and ultimately I want to see a strong Dollar,” the grabber-in-chief told CNBC in January…back when the […]

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Daily analysis of Silver for May 08, 2018

Overview Silver price did not show any strong move in the previous sessions. The price is still fluctuating around 16.56 level. Thus, the sideways scenario remains valid until the price manages to breach any of its borders, represented by 16.15 support and 16.80 resistance. Please note that the details of the expected targets after breaching […]

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BITCOIN Analysis for May 8, 2018

Bitcoin is currently residing at the edge of $9,000 price area after an impulsive bearish pressure today as expected. The price has been in a bearish momentum since it bounced off the $10,000 price area after being under non-volatile bullish pressure since it broke above $6,500 with a daily close. Though not only Bitcoin but […]

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Fundamental Analysis of GBP/USD for May 8, 2018

GBP/USD has been quite impulsive, following the downward trajectory today despite the recent bullish attack with a daily close. After the observance of May Day, today the UK failed to provide strong economic reports to sustain the recent bullish momentum in the pair. Today GBP Halifax HPI report was published with a significant decrease to […]

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Technical analysis of USD/JPY for May 08, 2018

USD/JPY is expected to trade with a bullish outlook. Although the pair posted a pullback from 109.30, it is still trading above its key support at 108.80, which should limit the downside potential. The relative strength index has landed on its neutrality level at 50 and is turning up. To conclude, as long as 108.80 […]

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Commodities: What to Watch at the Start of the Month

Focus on long-term cycles, plus a few short-term standouts. Jeffrey Kennedy has been at the helm of our ever-popular Commodity Junctures for well over a decade. ElliottWaveTV asks what drew him to commodities in the first place, as well as what long-term cycle commodities are currently in. In the full version of this interview, Jeffrey […]

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Does Watching U.S. Dollar Help Forecast FX Cross Rates?

Currencies that trade against currencies other than the U.S. dollar can be a lucrative market for traders in the know. For insights, ElliottWaveTV sat down with Michael Madden, co-editor of our forex-focused Currency Pro Service. In the full version of this interview, Michael gives you his latest thoughts on the CHF, EUR/GBP and other opportunities […]

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RBNZ meeting: New Governor, same old neutral message? – Forex News Preview

The Reserve Bank of New Zealand (RBNZ) will announce its rate decision on Wednesday at 2100 GMT. Policymakers are widely expected to remain on hold, so price action will be driven by any changes in the accompanying statement, as well as the updated economic forecasts. While the broader policy message is likely to remain neutral, […]

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Technical Analysis – EURGBP rebound stalls at 61.8% Fibonacci; bias turns neutral

EURGBP is looking more neutral in the short term after pulling back from multi-week highs reached on Friday. The rebound from 0.8620 (11-month low) to 0.8841 (7-week high) lost momentum after hitting resistance at the 61.8% Fibonacci retracement of the downleg from 0.8967 to 0.8620. Momentum indicators point to further downside risks in the near […]

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Gold Stocks vs. Gold Futures What Leads, What Follows

Price action in related markets can help you strengthen your Elliott wave forecast. ElliottWaveTV asked our Metals Pro Service editor, Tom Denham, to explain how he juggles gold stocks vs. gold, and silver vs. gold, to get the most accurate read on these market. In the full version of this interview, Tom gives you his […]

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M&A comes to the challenger banking sector

After CYBG’s takeover offer for Virgin Money, Jeremy Naylor discusses what it means for the challenger banking sector as a whole, while also analysing OneSavings Bank and Metro Bank. ► 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 […]

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09.05.2018 – Economic Calendar by Dukascopy

There are a couple of Kiwi Dollar shakers scheduled for publication on this Wednesday, so let’s tale a closer look with the Dukascopy Economic Calendar. A couple of North American reports open this agenda at a half past noon GMT, including the US PPI stats for April. The Producer Price Index for final demand advanced […]

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Technical Analysis – USDCHF rally losing momentum; could weaken further in short-term

USDCHF has recorded a stunning bullish rally over the last six weeks, creating a new one-year high of 1.0055. However, despite the gains, the pair is this week developing with weaker momentum than before and the technical indicators suggest that the market could ease a little bit in the short-term. The RSI indicator is currently flattening in the overbought […]

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08.05.2018 – Midday Snapshot by Dukascopy

It’s 12 PM GMT on this Tuesday, so let’s see how things are shaping up for the market players. Euro/Dollar has shifted South by 77 pips to trade point 51% in the red at noon. Turnover is high and neutral sentiment of the traders is 4% long. Decline suggests a successful morning session for those […]

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Global macro overview for 08/05/2018

In the first three months of 2018 new owners found 973.5 tonnes of gold. This is 7% less than last year and the weakest result of the first quarter since 2008 – the World Gold Council (WGC) informed. Demand for gold jewelry remained stable and amounted to 487.7 tons, which is only 1% less than […]

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Global macro overview for 08/05/2018

In July 2015, a nuclear agreement was signed to give the international community control over Iran’s actions in exchange for a conditional and temporary loosening of sanctions regarding primarily the possibility of oil exports. Its further fate is very uncertain, which pushed out WTI oil prices over $70 per barrel for the first time since […]

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USDJPY and UK 100 Index Analysis – May 8, 2018

The USDJPY pair has fallen back from its high at 110.030 and is now using its 50-period moving average as resistance on the 4-hour chart. It has set up a falling trend line as resistance at 109.130 that, if broken, could send price back to retest the high. There is light resistance at 109.772 and […]

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What You Need to Know About Stocks Trading

This past weekend, in Omaha, the super bowl of investing happened. Thousands of investors made their annual pilgrimage to the Berkshire Hathaway annual general meeting. They went to learn from one of the best investors of our time. Warren Buffet started investing in stocks in the 50s. His approach was simple; find good companies and […]

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Nintendo Switch To Cardboard

The Nintendo Switch is popular because it is unique to its rivals, so why is Nintendo selling cardboard cutouts? You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#244083 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen Sie Dukascopy TV […]

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Intraday technical levels and trading recommendations for EUR/USD for May 8, 2018

Daily Outlook The EUR/USD pair had been trapped between the price levels of 1.2200 and 1.2500 until bearish breakout occured recently. Significant signs of bearish reversal were manifested around the price levels of 1.2400.This was manifested in the bearish engulfing daily candlestick of April 20. The short-term outlook turns to become bearish as long as […]

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NZD/USD Intraday technical levels and trading recommendations for for May 8, 2018

The price zone of 0.7320-0.7390 stood as a significant supply zone during recent bullish pullback. The bulls failed to execute a successful Bullish breakout above 0.7400 during the previous week’s consolidations. The NZD/USD pair had been trapped between the price levels of 0.7170 and 0.7350 until bearish breakdown of 0.7200 occurred Yesterday. Since April 13, […]

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Daily analysis of EUR/JPY for May 8, 2018

EUR/JPY This EUR/JPY cross has dropped by 380 pips since April 26. Roughly 120 pips have been lost within Monday and Friday, owing to the weakness in EUR and a show of energy in JPY. There is a huge Bearish Confirmation Pattern in the market, and the price is expected to continue going southwards. The […]

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Daily analysis of USD/JPY for May 8, 2018

USD/JPY The recent trend is in a precarious position. Price did not go upwards significantly last week, neither has it gone in a directional mode this week (the market is currently consolidating). There would soon be a rise in volatility, which would most probably favor bears. One of the reasons why the price has not […]

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Daily analysis of USD/CHF for May 8, 2018

USD/CHF The USD/CHF pair has managed to go above the psychological level at 1.0000 earlier this week; now targeting the resistance level at 1.0050, which could be reached any moment from now. The price is currently consolidating, and there would soon be a breakout in the market, which would most probably favor bulls. USD is […]

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Gold Bullion Drops vs US Dollar But Tests 2-Year High for Australia’s Miners

GOLD BULLION rose near 2-year highs against the Australian Dollar on Tuesday even as gold priced in US Dollars fell back below $1310 – its lowest level in more than a month when first reached last week.   The second-largest gold mining nation behind China, Australia has grown its annual output by 15% since the […]

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08.05.2018 – Spike Controller by Dukascopy

Hello, traders, the Dukascopy TV team is here with Tuesday’s Spike Controller. Euro/Dollar’s spreads have averaged at point 35 pips during the past 24 hours, peaking at 1.1 pips. The pair dropped by point 54% after hours of relatively flat rate movement to define the long term high and low difference of 65 pips. Spreads […]

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US Open Preview – Dollar index breaks 93 key-level ahead of Trump’s nuclear decision

Here are the latest developments in global markets: FOREX: The euro extended its losses against the dollar early in the European session as investors shorted their positions on the currency amid uncertainties surrounding the Eurozone’s economic performance, sending euro/dollar to a fresh 4-month low of 1.1870 (-0.41%). Pound/dollar was also on the back foot, slipping to […]

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