http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 Learn How the Wave Principle Can Improve Your Trading Related Posts:Market Comment – Stocks climb after sizzling US jobs report April 8, 2024 Nonfarm payrolls smash forecasts, reaffirming labor market strength But dollar…Behind the scenes of Wall Street’s rise: the impact of… April 8, 2024 At the end of the trading week, American stock […]
With the recent $4.7 billion lawsuit against it, Johnson & Johnson has produced an upbeat earnings number for the second quarter (Q2). However Doctor Andy Smith, from Edison Investment Research, says the company may now have pipeline issues for the remainder of the year. 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 […]
Bitcoin has been able to sustain the bullish momentum it gained since it broke above $6,500 area with a daily close recently. As the price is extending gains, the bullish momentum is stable and consistent that indicates further bullish pressure in the market with a target towards $8,000. As the price is still holding above […]
• EURGBP broke key resistance level 0.8890 • Likely to rise further EURGBP recently broke above the key resistance level 0.8890 (which stopped the previous waves (i) and i in June and July, as can be seen below). The breakout of the resistance level 0.8890 accelerated the active minor impulse wave 3 – which belongs […]
• Palladium broke round support level 900.00 • Likely to fall further Palladium continues to fall sharply after the earlier breakout of the key round support level 900.00 (which stopped the previous medium-term impulse wave (C) in April, as can be seen from the daily Palladium chart below). The breakout of the support level 900.00 […]
We are proud to announce that in June 2018 XM received two more prestigious achievement awards as acknowledgement for the excellence we represent in the forex industry. In recognition of the outstanding quality that our company provides to clients, XM was awarded for Best Market Research & Education by Capital Finance International Magazine (CFI.co) and […]
Copper futures with delivery in September tumbled towards a fresh one-year low near 2.6700 over today’s trading session and are set to complete the sixth consecutive negative week. Prices remain under pressure as the 20- and 40- simple moving averages (SMAs) in the daily timeframe are acting as significant resistance levels. Technically, momentum indicators are pointing to a negative […]
Analysis of wave counting: In the course of trading on July 18, the GBP / USD currency pair decreased by another 50 percentage points and, thus, continues to fully adhere to the main, working version of the development of events, which implies the construction of a downward wave 5, 3, a, with targets under the […]
4-hour timeframe Technical data: Senior channel of linear regression: direction – down. The younger channel of linear regression: direction – down. Moving average (20, smoothed) – down. CCI: -109.5957 On July 18, most of the trading day, the GBP / USD currency pair continued strong downward movement and only in the second half of the […]
Stock markets drifted lower as trade tensions weighed on market sentiment. The Dollar was king across currency markets thanks to US rate hike expectations. In the commodity arena, Oil depreciated while Gold tumbled to a fresh yearly low. The Pound weakened sharply after UK Retail sales heavily disappointed in June. – The #EURUSD remains pressured […]
Canada will see the release of its inflation and retail sales data on Friday at 1230 GMT. Forecasts point to an acceleration in price pressures and a sharp rebound in sales, which if confirmed, could enhance speculation for another BoC rate increase this year. Beyond economic data, any developments on the NAFTA front could also […]
4-hour timeframe Amplitude of the last 5 days (high-low): 46p – 74p – 49p – 96p – 63p. The average amplitude for the last 5 days: 66p (71p). On Wednesday morning of July 18, the EUR/USD currency pair continued to move down, but the second speech by the head of the Fed, Jerome Powell, caused […]
It’s time for the Dukascopy Midday Snapshot, where we’ll see how traders have managed to work out the rate movements during the morning session on this Thursday. Euro/Dollar declined by 71 pips as the pair moved South of the 1 16 level. Turnover is average and neutral sentiment of the traders is just 1% long. […]
A couple of potential Loonie Dollar shakers are released on this Friday, so let’s take a look with the Dukascopy Economic Calendar. German Producer Price Index for June is out first at 6 o’clock in the morning. Prices were up by a half a percent in May, matching April’s increase. Euro Zone Current Account for […]
GOLD PRICES fell again but were outpaced by silver in London on Thursday, while platinum dropped to new 14-year lows as the surging US Dollar pushed industrial commodities lower. Asian stock markets slipped as the Chinese Yuan also fell to new 12-month lows, tracking the slide in Dollar gold prices. European shares fell […]
of her most important cabinet ministers. Brexit and Foreign Affairs secretaries resigned in protest of her Brexit proposals. As the week went on, the Prime Minister welcomed Donald Trump to her country home but before that, The Sun had published an explosive interview with the US president. This week, the prime minister has seen a […]
Pharmaceutical companies that have healthy pipelines, especially those that are pushing ahead with new oncology products, will be of most interest in the pharmaceutical sector. That’s according to Dr Andy Smith, from Edison Investment Research, who says these companies will be able to boost earnings. 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: […]
+ The NZD/USD pair had been trapped between the price levels of 0.7170 and 0.7350 until a bearish breakdown of 0.7200 occurred on April 23. Breakdown of 0.7220-0.7170 (neckline zone) was needed to confirm the depicted reversal pattern. Bearish target levels around 0.7050 and 0.7000 have been achieved already. The price level of 0.7050 was […]
Recently, GBP/USD has been trading downwards. The price tested the level of 1.2982. Anyway, according to the M30 time – frame, I found 2-hour balance and a potential fake breakout of the support, which is a sign that selling at this stage looks risky. My advice is to watch for a potential breakout of the […]
This is the Dukascopy Spike Controller for Thursday. As usual, we’ll provide you with the benchmark interbank price data for the 3 non-cross majors. Euro/Dollar’s long term average spread is point 35 pips and maximum separation of point 7 pips was posted during the past hour. The pair slipped below the 1 16 level after […]
We are glad to announce that our next CFD trading seminar series started in South America earlier this summer will soon reach its next destination on 15th September: Lima, Peru. The extensive XM seminar road trip is continuing its way to further countries on an ongoing basis, offering professional education to online investors ready to […]
Daily Outlook In April 2018, the EUR/USD pair outlook turned to become bearish when the pair pursued trading below the broken uptrend as well as the lower limit of the depicted consolidation range. Shortly after, the price zone (1.1850-1.1750) offered temporary bullish rejection towards 1.1990. The EUR/USD bulls failed to pursue towards higher bullish targets. […]
Get your daily market and Forex news analysis from leading Forex and market news analysts only at http://www.xm.com/market-analysis-video Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD/USD) Visit http://www.xm.com the international Forex broker. Related Posts:Technical Analysis – EURGBP’s double bottom still waits for… April 11, 2024 EURGBP faces difficulty in […]
Dear colleagues. For the of EUR / USD pair, the continuation of the movement downward is expected after the breakdown of 1.1613. The price is in the active zones for the development of momentum. For the GBP / USD pair, the continuation of the development of the downward structure from July 16 is expected after […]
You’re watching the Dukascopy Daily Trading Signals for Thursday. Here’s how the interbank compares with technicals at 8 AM GMT. Euro/Dollar has red signals across all three time ranges and they are backed up by the 20% short interbank sentiment. Pound/Dollar has a similar outlook as most of the technicals are pointing South in all […]
Get your daily market and Forex news analysis from leading Forex and market news analysts only at http://www.xm.com/market-analysis-video Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD/USD) Visit http://www.xm.com the international Forex broker. Related Posts:Market Comment – Dollar surges across the board on hot… April 11, 2024 Dollar rallies on […]
NZDUSD edged sharply lower today following the bounce off the 0.6805 resistance level, driving the pair below the 23.6% Fibonacci retracement level of the downleg from 0.7060 to 0.6686, around 0.6775. This week, the pair is on the backfoot and the technical indicators suggest that the market could ease a little bit in the short-term. The […]
Here are the latest developments in global markets: FOREX: The US dollar was off the previous day’s multi-month highs versus its major counterparts on profit-taking, although it was holding firm on the back of optimism from the Federal Reserve Chair Jerome Powell about the prospects of the US economy. The dollar looked set to retest these […]
Last week, crude oil inventories increased by 5.8 million barrels, the strongest since April. This can be seen in terms of rebounding last week’s powerful, record fall in inventories. The API indicated a modest increase in inventories and the consensus expected a drop by over 4 million barrels. Gasoline stocks fell by 3.2 million barrels […]
EURUSD remains in a bearish trend as long as price holds below 1.1730-1.1760 as we have been saying for the last few sessions. Price bounced yesterday towards 1.1660 and is now challenging the lower triangle boundary support at 1.1610-1.16 area. Red lines – triangle pattern Green rectangle – resistance The EUR/USD pair has resistance at […]
