GBP/USD: Last Friday, the British pound’s sharp drop against the attack on the support at 1.2596 showed that it is not a very strong level; if the price manages to break through this mark, it can easily reach the target level of 1.2500. The signal line of the Marlin oscillator is steadily decreasing in the […]
AUD/USD After the Australian dollar failed to test the resistance of 0.6627, it returned to the area below the MACD indicator line, and consolidated. In today’s Pacific session the price is struggling with the support of the balance indicator line. If it succeeds in testing today’s low at 0.6562, this will greatly help in pushing […]
Analysis of GBP/USD 5M GBP/USD showed absolutely absurd movements on Friday. They were identical to those shown by the EUR/USD pair. Initially, on strong labor market and unemployment statistics from across the ocean, The dollar initially rose after strong U.S. labor market and unemployment data, but then it quickly returned to its original positions. All […]
Analysis of EUR/USD 5M EUR/USD tried to start a logical downward movement on Friday. Especially when the reports on Nonfarm Payrolls and unemployment in the US were published. Both reports turned out better than forecasts, which should have boosted the dollar. And they did, but the greenback only strengthened for a short time. Basically, the […]
The dollar missed plenty of opportunities to strengthen against the euro and the pound. Fortunately, the greenback will have another chance next week. On Wednesday, the U.S. will release its inflation report for March, and there’s a good chance that it will be positive for the dollar. Unfortunately, everything will depend on the market. If […]
The pound remains within the horizontal part of the trend, which is not actually a trend. I would like to remind you that currently, a downward wave set is still being formed. It is assumed that the wave 2 or b is, but it could also take on a more prolonged form. It is within […]
We just saw strong U.S. data and a very weak reaction from the market. I want to highlight that the demand for the U.S. currency was supposed to increase much more strongly, but throughout the week, the market was more focused on selling the dollar than buying it. As a result, the current news background […]
Oil prices rallied on Thursday to pare some of the prior session’s losses, propped up by declining exports by OPEC-member Venezuela. Brent crude futures traded up 33 cents or 0.4 percent, to $75.69 per barrel. Meanwhile, U.S. WTI crude rose 33 cents or 0.6 percent at $65.11 per barrel. It finished the prior session 1.2 […]
The euro remained near two-week highs versus majority of its rivals on Thursday, on increasing bets the European Central Bank may announce it will taper its stimulus program by year-end as early as next week at the end of its policy meeting. The central bank’s chief economist Peter Praet, a close ally of President Mario […]
Gold prices rose on Thursday, propped up by a weaker dollar amid ongoing worries regarding a trade war between the U.S. and its allies. Spot gold traded 0.1 percent higher at $1,296.91 per ounce. U.S. gold futures for August delivery were almost unchanged at $1,301.30 per ounce. The dollar index, which tracks the greenback versus […]
The U.S. trade deficit slid to a seven-month low in April as exports climbed to a record high, bolstered by an increase in shipments of industrial materials and soybeans. The Commerce Department said the trade gap fell 2.1 percent to $46.2 billion, the smallest deficit since September. Data for March was revised to show the […]
The European Central Bank will discuss next week whether to halt bond purchases later this 2018, the bank’s top economist Peter Praet said on Wednesday, a hawkish rhetoric perceived preparing investors for another rollback in stimulus. After stoking growth with a massive 2.55 trillion euro bond-buying programme, ECB policy makers must make a decision on […]
U.S. government bond yields rallied along with their eurozone peers following a statement from a senior European Central Bank official indicated the central bank plans to push on with a debate next week on the schedule for ending its asset purchases. The 10-year Treasury note yield edged up 5.9 basis points to 2.975 percent, its […]
Wall Street index climbed on Wednesday, receiving a boost from financial stocks as investors focused on solid economic data and trade war concerns went to the background while the Nasdaq notched its third consecutive record closing high. The Dow Jones Industrial Average edged up 346.41 points, or 1.4 percent, to 25,146.39. The S&P 500 rose […]
European equities ended marginally changed Wednesday, with trade mostly affected by concerns over fiscal spending in Italy. The pan-European Stoxx 600 ended temporarily neutral with sectors and major bourses mixed. Italy’s FTSE MIB, which was under pressure, rebounded on Wednesday, increasing 0.26 percent. New Italian PM Minister Giuseppe Conte presented his coalition’s plans to clampdown […]
Global oil prices advanced during Asian trade after Venezuela increased their prospect of holding off some crude exports, according to people privy to the matter, but gains were limited by reports that the U.S. government had asked Saudi Arabia and other OPEC producers to boost output. Declining supply from Venezuela had powered a rally in […]
Gold prices edged up in early Asian trade on Wednesday as the U.S. dollar and Treasury Yields fell amid persistent worries regarding global trade after the U.S. hit its allies’ imports with hefty tariffs. Spot gold rose 0.2 percent at $1,297.64 per ounce at $1,297.64 per ounce. U.S. gold futures for August delivery were stable […]
The euro held steady on Wednesday as investors began to focus on the European Central Bank’s policy meeting next week, while worries that the U.S. could withdraw from its trade agreement with Canada and Mexico affected their currencies. The common currency traded at $1.1719 having risen around 0.5 percent so far this week and remaining […]
Mexico has announced new levies on U.S. imports in response to U.S. President Donald Trump’s decision to impose hefty tariffs on imports of steel and aluminum. The peso fell on Tuesday after Mexico imposed tariffs on U.S. products including bourbon, apples, potatoes, cheese, and pork in retaliation to the steel duties. Mexico’s peso was down […]
Expansion of activity in the U.S. services sector sped up in May, indicating a strong economic growth in the second quarter. However, trade tariffs and limited workers posed a risk to the robust outlook. The Institute for Supply Management said its non-manufacturing activity surged 1.8 points to 58.6, snapping three consecutive monthly declines. The reading […]
U.S. government bonds edged up on Tuesday, driving down yields and helping to ease a bond-market selloff observed at the beginning of the week, as solid economic data were countered by concerns over the newly established Italian government’s policy agenda. The 10-year Treasury note yield fell 2.2 basis points to 2.917 percent. The two-year note […]
The Nasdaq reached a record closing high for the second straight day of trading on Tuesday, powered by tech and consumer discretionary shares, while the euro rebounded after Italy’s new prime minister said the government had never thought of leaving the eurozone as an option. The Dow Jones Industrial Average edged up 13.71 points, or […]
With the appearance of the Bullish 123 pattern which is followed by a deviation between the price movement of the Filecoin cryptocurrency and the Stochastic Oscillator indicator on the 4-hour chart, in the near future as long as there is no weakening that penetrates below the level of 8,206, Filecoin has the potential to appreciate […]
On the 4-hour chart of the Bitcoin cryptocurrency, it appears that its price movement is above WMA 30 Shift 2, which shows that buyers are still dominant even though the momentum condition is still flat, as indicated by the slope of WMA 30 Shift 2, which is still flat, but the potential for strengthening is […]
The wave analysis of the 4-hour chart for the EUR/USD pair remains unchanged. At the moment, we are observing the construction of the assumed wave 3 in 3 or c of the downward trend section. If this is indeed the case, then the decline in quotes will continue for a very long time, as the […]
In my morning forecast, I pointed out the level of 1.2645 and planned to base my market entry decisions on it. Let’s look at the 5-minute chart and analyze what happened there. There was a rise, but before testing the false breakout formation around 1.2645 in the first half of the day, we missed it […]
In my morning forecast, I drew attention to the level of 1.0842 and planned to make decisions based on it for market entry. Let’s look at the 5-minute chart and figure out what happened there. The rise and formation of a false breakout at this level provided an excellent entry point for short positions, but […]
Analysis of transactions and trading tips on USD/JPY Further growth became limited as the test of 151.40 coincided with the sharp rise of the MACD line from zero. Dollar bulls took advantage of the morning dip, but everything could change upon the release of US data. Weak figures on the growth of new jobs will […]
Analysis of transactions and trading tips on GBP/USD The test of 1.2628 took place at a time when the MACD line rose from zero. This provoked a buy signal, but no upward movement occurred. Data on the US unemployment rate and average hourly wages will come out during the US session. However, the key point […]
Analysis of transactions and trading tips on EUR/USD Further growth became limited because the test of 1.0840 occurred during the sharp rise of the MACD line from zero. Shortly after, another test happened, and this provoked a sell signal as the MACD line went within the overbought area. This resulted in a price decrease of […]
