USD/CAD has been quite impulsive amid bullish pressure under the corrective upward momentum. The price is expected to climb higher towards 1.34 before showing any further bearish pressure in the pair. Today, a series of macroconomic reports are due in Canada. Exepectations are going to inject extra volatility in the market. Today, Canada’s CPI report […]
Good morning, traders, the Dukascopy TV team is here with Monday’s Daily Trading Signals. Euro/Dollar has 5 neutral signals in the hourly chart. Mid term models are mixed and 4 indicators point South in the daily range, which is in line with the close to 21% short interbank. Most of the studies show neutral signals […]
Morning Report: 07.00 London The US dollar appears to have survived Trump’s comments that he’s not thrilled with the prospect of rate rises, but is letting the Fed so what they feel best. Though there is no prospect of direct intervention, markets have noted concern about subtle pressure this might bring to subdue US rate […]
The dollar index reached the one-year highs on Wednesday due to the demand for safe assets. USDX reached level 95.43 on Thursday, breaking the peak levels from November and May-June. However, Trump’s comments have caused pressure on the American currency, throwing the dollar from the recently achieved highs. U.S. president in an interview CNBC noted […]
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Here are the latest developments in global markets: FOREX: The US dollar posted losses across the board during Friday’s Asian trading; extending the retreat from its highs which started on Thursday. The dollar sell-off was more of a corrective nature for now and was sparked by criticism of the Federal Reserve’s rate hikes by President Donald […]
The Crude Oil prices are bouncing strongly after the comment from the Saudi Arabia Ministry of Energy. According to the ministry, in the second half of the year, there may be significant losses in domestic inventories due to the growing demand. The Ministry also informs that oil exports in July will be close to June […]
An increase in the number of jobs by approximately 50,000 it’s the best result for many months. In addition, this is mainly due to changes in the field of full-time employment, which is additionally accompanied by an increase in the participation rate. Good information from this sphere of the economy is not surprising, but today’s […]
The EUR/USD was in the process of breaking below the triangle pattern and below 1.16 support when the comments by POTUS weakened the Dollar as he questions the policy Fed follows. The EUR/USD has bounced strongly towards cloud resistance. Red lines – triangle pattern Blue line -critical support Black lines – bullish divergence In the […]
The Gold price made a new low yesterday, but prices reversed strongly after comments by the President of the U.S. regarding Fed policy, affecting the Dollar and in result Gold prices as well. Technically Gold has made a reversal pattern and the price continues to trade inside a downward sloping wedge pattern. Red lines – […]
For the second day in a row, the pair is testing a weekly short-range of 1.1.606-1.1588, which invariably leads to an increase in demand and keeping the price above the support. Today, the determining resistance is nkz 1/2 1.1675-1.1666. Yesterday, there was another weekly short-term test, which indicates the presence of large limit orders within […]
China will lead an international research group dealing with the Internet of Things standardization (IoT) and Blockchain technology, according to the local Science and Technology Daily press magazine. The Joint Technical Committee of the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC) after several months of discussion of committee members accepted the […]
EUR / USD On Thursday, the strengthening of the dollar stopped due to the statement of Donald Trump about the undesirability of raising base rates and the trend for strengthening the national currency. As a result, the euro grew by 60 points from the minimum of the day and closed near the opening level. But […]
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USDCAD recorded a stunning rally on Thursday and continued the buying interest during today’s Asian session towards a three-week high of 1.3289. This week, the pair is in positive territory, so far for the second session in a row, after the rebound near the 1.3065 support that was reached on July 9. However, the momentum indicators seem […]
After surprising Trump’s words, in which he criticized rising Fed rates and too strong dollar against the CNY, the earlier strengthening of the US currency was reversed, and the demand for USD still did not appear on Friday’s Asian session. USD/JPY was at 112.30, EUR/USD increased to 1.1670. GBP/USD returns above 1.30. The Wall Street […]
GBP / USD The pair continued its decline. Now, the main task for players on the decline is to try breaking the lower boundary of the weekly cloud (Senkou Span B 1.3025). A reliable overcoming will form a downward target on the breakdown of a weekly cloud. The key resistance is currently focused in the […]
The US currency once again “spread its wings”. Today, the dollar index came to the borders of the annual maximum, demonstrating the dominance of the greenback throughout the market. The head of the Federal Reserve has dispelled many doubts and fears that have dominated the dollar over the past few weeks. The European currency, in […]
https://pepperstone.com/en/forex-news/market-review -EUR, AUD and NZD push back against the dollar. -The Yuan slips to 12 month lows. -Brazilian business confidence reappears. -President Trump invites President Putin to DC. -Commodities are not just about the dollar. The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, Darren Sinden. New To Forex Trading? […]
When the European market opens, some Economic Data will be released such as Current Account and German PPI m/m. The US today will not release any Economic Data, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1711. Strong Resistance:1.1704. Original Resistance: […]
In Asia, Japan will release the All Industries Activity m/m and National Core CPI y/y data, and the US today will not release any Economic Data. 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: 113.04. Resistance. 2: 112.82. Resistance. 1: […]
We have seen a strong impulsive rally from 1.7116, which took out resistance at 1.7236 as nothing was there. This break indicated that a premature low had been seen and wave iii/ higher towards 1.7668 already had begun. The very short-term structure shows, that a minor five wave rally has been seen from 1.7116 to […]
EUR/JPY has dipped just below the target seen at 130.67 (the low has been seen at 130.59), this is enough to fulfill the red wave iv target and set the stage for a new impulsive rally higher in red wave v towards the 133.02 – 133.60 area. To confirm that red wave iv has completed, […]
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 […]
