To open long positions on GBP/USD, you need: Despite the good data on the service sector, as well as the fact that the buyers of the pound managed to stay above the support of 1.2697 in the first half of the day and even formed a false breakdown on it, it did not allow to […]
To open long positions on EURUSD, you need: The buyers tried to continue the growth of the European currency in the first half of the day, however, weak reports on inflation and the reduction of volume of retail sales has led to a sharp drop in the euro against the dollar. At the moment, it […]
Overview: The AUD/USD pair is set above strong support at the levels of 0.6937 and 0.6980. This support has been rejected four times confirming the uptrend. The major support is seen at the level of 0.6937, because the trend is still showing strength above it. Accordingly, the pair is still in the uptrend in the […]
In recent weeks, the focus has been on the agricultural sector. The focus has been on the corn and soybeans sectors. This is partly because of the ongoing trade war and ongoing weather issues. On trade, the United States has been in a conflict with China, Mexico, and the European Union. Almost a month ago, […]
Yesterday, US stocks rose sharply after Fed chair announced that the Fed was likely to lower rates if the trade war escalates. Analysts believe that the closest the Fed can lower rates is in its September meeting. In response to the US gains, Asian stocks rose as well. Today, investors will focus on the following. […]
In recent weeks, investors have focused on the trade conflict between the United States and China. This conflict has led to a sharp decline in stocks after having a very strong start. In fact, the Nasdaq index tested the correction level on Monday. These trade fears have expanded to include Mexico after Trump threatened tariffs […]
The US 500 stock index has rebounded somewhat after falling to a three-month low of 2728.50 and the momentum indicators suggest that the market sentiment might get better as the RSI is reversing back to the upside and the MACD also looks to be changing direction, moving down to meet its red signal line in the […]
The Japanese safe-have yen, as usual, is not expected to react much on Friday midnight when household spending data for the month of April come out. But the numbers may ease worries over a slowing domestic demand that the initial Q1 GDP report generated, giving some relief to the Bank of Japan (BoJ) which has […]
Overview: The GBP/USD pair continues to move downwards from the level of 1.2905. This week, the pair rose from the level of 1.2905 to a top around 1.2800 and it set around the spot of 1.2800. The first resistance level is seen at 1.2905 followed by 1.2963 , while daily support 1 is seen at […]
The euro has given a strong technical signal for growth, breaking through the top of 1.1220 and fixing higher. Important news ahead: Today, on Wednesday, June 5 – the “Beige Book” report on the state of the economy will be released. More importantly, on Thursday, June 6, the ECB’s decision on monetary policy. The market […]
The latest monetary policy meeting in the preceding week by the Bank of Canada highlighted the importance of the labor market, making the Canadian employment report due on Friday at 1230 GMT the next major event for the loonie. After hitting a record of 106.5k increase in April, the Canadian economy is expected to have created 7.5k new job […]
It’s that time of the month again and all eyes will be on the latest jobs report out of the United States on Friday at 12:30 GMT. The May figures are expected to be somewhat softer from April but no doubt still indicative of a strong economy. However, with markets strongly convinced that the Fed […]
EUR/USD Over the past three days, the EUR/USD pair has added about 120 basis points. The current wave marking involves the construction of wave 4 as part of the downward trend section. This wave has already taken a pronounced three-wave form. However, if the news background is favorable, the whole section of the trend after […]
Trend analysis (Fig. 1). On Wednesday, the price may continue to move upwards with the first target of 1.1285 – a pullback level of 38.2% (blue dotted line), and there is a historical resistance level – 1.1291 (blue dotted line). A lot will depend on the news that comes out at 12.15 UTC. Fig. 1 […]
4-hour timeframe Technical data: The upper linear regression channel: direction – down. The lower linear regression channel: direction – down. The moving average (20; smoothed) – sideways. CCI: 183.4429 The British pound continues to move upward with great difficulty. There is plenty of news coming from the UK in recent days, but they are all […]
4-hour timeframe Technical data: The upper linear regression channel: direction – down. The lower linear regression channel: direction – down. The moving average (20; smoothed) – up. CCI: 116.9452 Yesterday was very favorable for the EUR/USD. Traders continued rather cautious purchases of the euro, although there were grounds for new sales of the European currency. […]
On Tuesday, the European currency resumed growth after a weak inflation report in the eurozone. The pressure on the US dollar returned after the release of data on industrial orders in the US, as well as after the speech of Fed Chairman Jerome Powell, who, though not directly spoke about the likelihood of lowering interest […]
EUR/USD – 4H. As seen on the 4-hour chart, the EUR/USD pair retains the probability of continued growth in the direction of the next Fibo level of 61.8% (1.1281) and growth in general after fixing above the correction level of 76.4% (1.1241). Yesterday was marked by two quite important events. First, inflation in the European […]
USDCHF is extending its bearish rally over the last few days, breaking the long-term rising trend line to the downside. The pair tumbled to a new ten-week low around the 0.9900 handle and technical indicators are still suggesting losses in the market. The MACD is stretching its bearish momentum below the trigger and zero lines, […]
The Australian dollar shows excellent stress resistance: despite the fact that the Reserve Bank reduced the interest rate for the first time in three years, and GDP growth rates fell to a 10-year low, “Aussie” keeps on the border of the 70th figure, trying to gain a foothold above the level of 0.7000. This behavior […]
After the publication of the White Paper on Sunday, which brought down markets at the opening of the week, China took a small step back. The Ministry of Trade of China said on Tuesday that trade differences between the countries should be resolved through negotiations. The softening of rhetoric was seen positively by markets as […]
The breakthrough of important support led to a further downward correction of bitcoin in the area of the minimum of 7 550, where the demand for cryptocurrency resumed. As I noted yesterday, the first wave of the fall was associated with the expiration of futures contracts, while a further decline was formed by profit-taking speculative […]
To open long positions on GBP/USD, you need: Yesterday, buyers of the pound coped with the task and fixed above the resistance of 1.2697, which now acts as a support. While trading will be conducted over this range, the demand for the British pound will remain, which may lead to an update of the maximum […]
To open long positions on EURUSD, you need: Buyers of the euro, given the divergence and weak data on the eurozone, failed to cope yesterday with the resistance of 1.1261, which is now transformed into 1.1271. To continue the growth, a breakdown of this range is necessary, and good data on the volume of retail […]
Global stocks receive a major boost from Fed’s Powell after he opens the door to a rate cut But rising rate cut expectations pull the US dollar to fresh lows Aussie extends gains despite weaker-than-expected GDP growth Stocks surge after Powell’s comments Fed Chairman Jerome Powell paved the way for a rate cut on Tuesday, […]
Work in the downward direction is moving to the medium-term level, however, yesterday the pair reached the range of the average weekly progress. Sales from the current marks are not profitable. For this reason, it is necessary to exit the short position and wait for more favorable prices to open new sales. Purchases are possible […]
It is our pleasure to announce an event not to be missed in Kuala Lumpur on 27th July: a financial panel discussion conducted by three market experts on the global financial markets and investment opportunities. Due to take place at Sheraton Imperial Hotel, the event features special guest Peter McGuire, CEO of XM Australia and […]
AUDUSD gained stronger positive traction this week, with momentum indicators giving the green light for further bullish action in the short term; the MACD is in an uptrend well below its red signal line, while the RSI is speeding up above its 50 neutral level. According to Stochastics though, room for improvement could be limited as the index has already pierced its […]
EURJPY had a bullish start on Monday, after the strong rebound on the five-month low of 120.77, with the price breaking a crucial level of 121.00 and the 20-period simple moving average (SMA) in the 4-hour chart. The pair is approaching its negatively sloped 40-SMA, which is acting as a key resistance level. The RSI […]
Today, it is necessary to consider the pattern of “false breakdown” of yesterday’s low, as the pair is trading within the weekly CZ limit of 1.3382-1.3365. Going beyond the average weekly course makes it possible to talk about a return to its limits with a probability of 90%. It should be used for the fixation […]
