Overview: The GBP/USD pair bullish trend from the support levels of 1.3056 and 1.3115 on the one-hour chart. The price is currently in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. As the price is still above the moving average (100), immediate support […]
The US stock markets were marked by Tuesday’s growth in strong earnings reports, which allowed S&P500 to add 0.3% on Tuesday’s results. On Wednesday, by the beginning of Europe session the futures for S&P index remains near the closing levels of the previous day. It is also worth mentioning the growth of companies’ shares in […]
EUR/JPY is seeing strong support at 129.66 (Fibonacci retracement, Fibonacci extension, ascending support) and a strong bounce could occur at this level to push prices all the way up to our profit target level at 131.95 (Fibonacci extension, horizontal swing high resistance). Stochastic (34,5,3) is seeing strong support above 4.7% where a corresponding bounce could […]
CAD/JPY is seeing a strong support above 84.38 (Fibonacci retracement, horizontal overlap support, bullish divergence) and a strong bounce could occur at this level to push prices all the way up to our profit target level at 85.20 (Fibonacci retracement, horizontal overlap resistance).RSI (55) sees strong bullish divergence vs price signalling that a bounce is […]
Morning Report: 07.00 London The euro remains under pressure this morning after selling off yesterday on the back of disappointing services PMI data. The EUR/USD is down slightly again, below 1.1700 after the euro struggled despite a weak dollar. The EUR/JPY has now dropped for six straight days, while the EUR/GBP plunged below 0.8900. The […]
These are the Dukascopy Daily Trading Signals for Wednesday. Here’s how the technicals compare with the interbank at 8 AM GMT. Euro/Dollar has neutral signals in the lead of all three time ranges, but the 17% short interbank sentiment is bearish. Pound/Dollar has 4 red signals in the hourly scale. Mid term models are mostly […]
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 […]
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 […]
Here are the latest developments in global markets: FOREX: The US dollar index is fractionally lower on Wednesday (-0.04%), after posting some marginal losses in the previous session as well. Pound/dollar is up by 0.16%, looking set to extend the gains it posted yesterday after UK PM May announced she will be taking over the Brexit negotiations personally. […]
EUR/AUD has been corrective and volatile for a few weeks now which lead to a tight range between 1.57 to 1.59 area in the process. Due to indecision and recent Trade War issue, EUR could not sustain the bullish momentum it had earlier over AUD in the process. Today AUD has been quite unchanged with […]
Price of the EUR/USD pair remains inside the triangle consolidation pattern. Price has visited the 1.1730-1.1760 resistance area several times and got rejected. On the other hand, the price continues to make higher lows. Black lines – triangle pattern Red line – RSI support Red vertical lines – triangle targets Blue line – long-term resistance […]
Gold price started the day yesterday by falling below $1,220 only to gradually get back above it and test the short-term resistance of $1,230. The price remains inside the downward sloping wedge pattern. Black lines – wedge pattern Red line – RSI bullish divergence Gold price has short-term resistance at $1,230 and next at $1,235. […]
GBP/USD has been quite bullish with the recent momentum in the long-term bearish trend which is expected to continue further lower in the coming days. As of the recent Trade War tensions, GBP has been struggling to gain momentum over USD having mixed economic report results in the process. Recently, GBP has been quite positive […]
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 -July 25th 2018 Related Posts:Market continues to […]
AUDUSD has been moving sideways over the last five weeks as the 0.7475 resistance level acted as a strong obstacle for the bulls and the 0.7310 support as a hurdle for the bears in the previous sessions. Also, the price failed to dip below the 18-month low of 0.7310, achieved on July 2 and holds […]
Following a long series of forex trading seminars organized in quite a number of cities in Thailand this year, in July we were glad to meet with online investors in Phitsanulok and Hat Yai, where we hosted a free seminar on online trading techniques. Thai forex instructor Sompop Jittrakul delivered once again an interesting, and […]
Technical outlook: The US Dollar Index managed to test the Fibonacci 0.382 resistance of the entire drop between 95.50 through the 94.20 levels, respectively. After hitting resistance at 94.80 yesterday, the index pulled back significantly, indicating that a potential lower top is in place now. As an alternate though, there is enough room left to […]
The G20 member countries have set October as the deadline for the review of the global anti-money laundering standard (AML) through cryptocurrencies. According to the statement, the finance ministers and central bank governors of the G20 countries organized a meeting at the weekend and repeated their position regarding the plan of vigilant monitoring of cryptocurrencies. […]
Technical outlook: The EUR/USD pair has bounced from the 50% retracement level of the rally between the 1.1574 and 1.1750 levels, respectively. The pair has enough potential to stage an extended rally from these levels or it could first drop through the 1.1640 levels and then continue pushing forward. More or less, the pair has […]
When the European market opens, some Economic Data will be released such as Belgian NBB Business Climate, Private Loans y/y, M3 Money Supply y/y, and German Ifo Business Climate. The US will also release the Economic Data such as Crude Oil Inventories, New Home Sales, so amid the reports, EUR/USD will move in a low […]
In Asia, Japan today will not release any Economic Data. but the US will release some Economic Data such as Crude Oil Inventories, and New Home Sales. 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: 111.87. Resistance. 2: 111.65. Resistance. […]
https://pepperstone.com/en/forex-news/market-review -The Rand and Real fight back versus the USD. -AUD falls on flat inflation data. -Bitcoin is back above $8000. -NZD trade data swings to a deficit. -BRIC nations meet in SA. -Who has the largest FX reserves? The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, Darren Sinden. […]
To open long positions for GBP/USD, you need: Buyers are required to form a false breakout at 1.3082, which will bring new players to the market and lead an upward trend towards the yesterday’s resistance level of 1.3147, where it is recommended to fix profits. If the pound drops below the support level of 1.3082 […]
Eurozone The key event in the eurozone this week is the ECB meeting on Thursday, July 26. This meeting is considered to be a passing one, the likelihood of any changes is minimal, but surprises are still possible, and they will primarily concern the wording regarding the timing of maintaining current rates. The ECB directly […]
• EURGBP reversed from resistance zone • Likely to fall further EURGBP recently reversed down from the resistance zone lying between the major resistance level 0.8970 (which stopped the (B)-wave at the start of March) and the upper daily Bollinger Band. The downward reversal from this resistance zone started the active minor corrective wave (iv) […]
• Copper reversed from support zone • Likely to rise further Copper recently reversed up from the support zone lying between the support level 270.00 (which also stopped the previous minor impulse wave 3 in the middle of July) and the lower daily Bollinger Band. The upward reversal from this support zone started the active […]
Here are the news reports that could shake up the FX markets on this Wednesday, 25th of July. German IFO Business Climate for July will be available at 8 o’clock in the morning. Index dropped to a multi-year low of 101.8 in June as companies were less satisfied with their current business situation. Their business […]
Australia’s quarterly inflation data for Q2 will be released on Wednesday, at 0130 GMT. Forecasts point to an overall lackluster report, expected to show an energy-driven pickup in the headline rate but an otherwise subdued picture for underlying inflation, which could cement expectations the RBA will remain on hold for the foreseeable future. Expectations that […]
Boeing’s earnings report for Q2 2018 will be hitting the markets before Wednesday’s US market open. The consensus recommendation for the company is “buy”, in line with the average consensus recommendation for the Aerospace & Defense peer group. According to analysts submitting their projections to Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate System – […]
The price of crude oil jumped yesterday after the US president sent a major threatening tweet to the Iranian leader. The tweet came after the Iranian leader criticized the US and the Trump administration for threatening to sanction the country. As you recall, a few months ago, the administration exited the Joint Comprehensive Plan of […]
