According to analysts, the rally of the US currency, which lasts about eight years, is its nearing completion. The US dollar may fall in price, and the currencies of developing countries – to rise in price, says experts of the analytical company Pimco. Pimco believes that emerging markets currencies are currently the most attractive asset […]
After being dominated by USD since the price bounced off from 0.7400 area, AUD managed to regain momentum recently bouncing off the 0.6850 area. The dovish rhetoric expressed by the US Federal Reserve at the policy meeting yesterday is certainly bearish for USD. No wonder, AUD regained momentum immediately. Recently Australia’s housing market weakened more […]
Having kept the base interest rate in the target range of 2.25% -2.50%, the Federal Committee on the Open Market of the US Federal Reserve System commented on its decision and the current situation in the country: The Fed has noted an increase in economic activity at a moderate pace and the strong position of […]
Fed forecast for major indicators of the US economy are as follows: – the forecast for GDP growth is 2.0% – 2.2% (previously 1.9% – 2.2%) in 2019. – the forecast for GDP growth is 1.8% – 2.2% (previously 1.8% – 2.0%) in 2020. – the forecast for GDP growth is 1.8% – 2.0% (previously […]
The Bank of Japan (BOJ) officials concluded the two-day monetary policy meeting earlier today. The officials then released the interest rates decision, which was not surprising. The interest rates were left unchanged at the current level of minus 0.10%. The bank also said that more stimulus could be on the way. It also pledged to […]
The Bank of England (BOE) will become the third major bank to deliver its interest rates decision in the past 24 hours. The bank is expected to leave rates unchanged at the current level of 0.75% and unlike other central banks, it is expected to sound a bit hawkish in its statement. According to Reuters, […]
The Federal Open Market Committee (FOMC) concluded its two-day meeting yesterday and announced its interest rates decision. As was widely expected, the bank left interest rates unchanged at the range of 2.25% and 2.50% in this meeting. The bank also issued a somewhat dovish statement, indicating that it will likely cut rates soon. This will […]
Bitcoin is stubbornly testing the 38.2% Fibonacci ratio of the long 19,384-3,187 bearish wave for the fourth consecutive session that the bulls failed to successfully breach a year ago. While the slowdown in the red Tenkan-sen and the blue Kijun sen could be a warning sign that the bullish action may soon fade, the market could chart […]
As expected, the outcome of the Fed meeting dealt a heavy blow to the US dollar, which at the auctions in Asia continued to fall almost vertically against all major currencies at the auctions in Asia. The decision of the Federal Reserve to remove the word “patience” from the resolution with regard to its view […]
EUR / USD On Wednesday, June 19, trading ended with an increase of 30 basis points for the EUR / USD pair, and today, during the first half of the day, the pair added another 65 bp. However, it is not going to stop there. Based on this market reaction, it can be assumed that […]
For the last trading day, the euro / dollar currency pair showed a high volatility of 67 points, as a result of having a pulse jump in the market. From the point of view of technical analysis, we see that the level of the cluster 1.1180 played an excellent role as temporary support, slowing down […]
Yesterday, the market literally exploded when, in the evening, investors were wildly interested in selling dollars. The reason, of course, was the outcome of the meeting of the Federal Commission on Open Market Operations. The fun began immediately, as the Federal Reserve System issued a press release, which, although it was said that the regulator […]
For the last trading day, the currency pair pound / dollar showed high volatility of 130 points, as a result of having an impressive impulse. From the point of view of technical analysis, we see that the historical level of 1.2500 played the role of an excellent fulcrum, on the basis of which the current […]
EUR / USD pair All price fluctuations of the euro on the chart fit into the algorithm formed from the bullish wave on May 23. The structure traces the first 2 parts (A + B), while the completion B cannot be confirmed yet. The bullish wave level started on June 18 does not exceed the […]
Crypto Industry News: The police in China reported evidence that people are laying cables through fishponds to steal energy from oil wells to drive Bitcoin extraction. The news was published by the Chinese tabloid The Global Times. The report indicates that the Green Grassland police station in the Qiqihar district was notified of alleged power […]
Crypto Industry News: Carbon dioxide emissions generated by the Bitcoin network are comparable to the entire Kansas City, and even to a small country, according to a study published in the Joule journal. Christian Stoll, one of the scientists involved in the project, said that the high energy consumption generated by mining translates into a […]
The flash release of the Eurozone PMIs for June will be on investors’ radar on Friday at 0800 GMT. After the European Central Bank chief, Mario Draghi, gave his clearest indication yet on Tuesday that more stimulus could be on the way, the PMI data will be watched closely for possible signs that Eurozone growth […]
EUR / USD pair (4H) On the 4-hour chart, the EUR/USD pair performed a reversal in favor of the euro after the formation of a bullish divergence in the CCI indicator. The end of the quotations from the Fibo level of 23.6% at 1.1187. A little later, the growth had begun which supported the presentation […]
Technical Overview: The EUR/USD pair has broken through the trendline around the level of 1.1250, moved higher towards the level of 1.1268 which was broken as well. At the time of writing the current high was made at the level of 1.1285 and the momentum behind the move is strong. The next target for bulls […]
The Fed did not surprise the markets with the outcome of the two-day monetary policy meeting. The rate remained unchanged, but the forecasts for inflation, unemployment and GDP has slightly changed. The most significant changes according to forecasts occurred in 2020. At the same time, the rate forecast has changed according to a not quite […]
GBPJPY registered another lower low at its March downleg slightly below the key support level of 135.79, but it soon bounced up again as the RSI signaled oversold conditions. The latter is currently moving with a positive slope towards its 50 neutral mark, while the MACD continues to trend up above its red signal line, both suggesting some […]
Fed was remarkably dovish, sending the dollar lower BoE meets today; sterling may gain a little on reaffirmation of tightening bias Loonie flies as BoC may be the sole ‘island of neutrality’ Dollar tanks, gold soars as Fed signals incoming cuts The Fed kept rates unchanged yesterday, but the meeting wasn’t short of excitement as […]
Despite the fact that the growth of Bitcoin above 9 350 may occur in the near future, speaking and maintaining the current bullish momentum will be quite difficult after updating the level of 10 000 USD, which is a psychological mark, and where a number of large players will definitely record profits. Bitcoin Buy Signal […]
Yesterday’s focus shifted on the Fed’s interest rate decision, as well as Jerome Powell’s press conference, which took place a little later. Of course, no one expected the Fed to signal an interest rate cut already at this meeting, but traders were counting on signs of a change in policy in the near future. According […]
4-hour timeframe Technical details: Older linear regression channel: direction – down. Younger linear regression channel: direction – down. Moving average (20; smoothed) – sideways. CCI: 103.7750 The Federal Reserve helped both the euro and the sterling pound unwittingly yesterday. The most interesting thing is that the Fed left the rate unchanged. They did not announce […]
USDCAD gave up last week’s gains and slumped below the 200-day moving average (SMA) and towards a more than a three-month low of 1.3231 on Thursday. According to the RSI and the fast Stochastics, the market could turn even bearish in the near-term as both indicators are sloping downwards and are still above oversold territory. […]
To open long positions on GBP/USD you need: Pound buyers are optimistic and continue to open long positions. Today’s goal in the first half of the day will be the level of 1.2688, consolidating on which, following the Bank of England’s decision on interest rates, will lead the pound to new local high in the […]
To open long positions on EURUSD you need: Euro buyers are aiming for a resistance of 1.1286, where the first profit taking on long positions will be marked. However, the main task of the bulls will be a breakthrough and consolidation above this level in order to continue the upward trend in the area of […]
4 hour timeframe Technical details: Senior linear regression channel: direction – sideways. The younger linear regression channel: direction – up. Moving average (20; smoothed) – up. CCI: 82.8856 On Wednesday, June 19, the day ended with extremely important macroeconomic events. Firstly, it became known that the Fed’s key rate remained unchanged at the level of […]
When the European market opens, some economic data such as Consumer Confidence and Spain 10-year Bond Auction will be released. The US will publish economic data too. So, amid the reports,EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1289.Strong Resistance:1.1283. Original Resistance: 1.1272. Inner Sell […]
