For this week, the attention of the markets will be drawn to the final decisions of the world’s largest central banks on monetary policies during the meetings of the Central Bank of Japan, the United Kingdom, and the United States. For this week, the attention of the markets will be drawn to the final decisions […]
On Monday, June 17, experts record a decline in Japanese bonds (JGB) and the yen (JPY). The currency of the Land of the Rising Sun fell after US Treasury bonds in anticipation of the Fed meeting. It will be held on Wednesday, June 19. JGB futures ended the trading session with a decrease of 0.08 […]
EUR / USD pair On Friday, June 14, the EUR/USD pair ended with 65 bp decline. Markets took a very positive view of economic reports on the US retail sales and industrial production in May, which led to purchases of US currency. However, things are not so rosy from the point of view of wave […]
By the end of the last trading week, the euro / dollar currency pair showed a high volatility of 85 points. As a result, a real attempt was made to restore the original trend. From the point of view of technical analysis, we see that the main finding trend is still alive, and the theory […]
By the end of the last trading week, the currency pair pound / dollar showed a long-awaited volatility of 102 points in the form of impulsed candles, where as a result, we got a significant straight to the area of a strong pivot point. From the point of view of technical analysis, we observed the […]
Since January 19th, the EURUSD pair has been moving within the depicted channel with slight bearish tendency. Short-term outlook turned to become bearish towards 1.1175 (a previous weekly bottom which has been holding prices above for some time. On the period between May 17th and 20th, a bearish breakdown below 1.1175 was temporarily achieved. As […]
Central bank meetings will be front and centre next week as the Federal Reserve, Bank of England and Bank of Japan convene for their policy decisions. The Fed will likely grab the most attention amid intensifying expectations of a rate cut. In terms of data releases, the main focus will be on inflation as Canada, […]
EURAUD is extending its gains over the last couple of weeks, recording a fresh more than five-month high around 1.6350. Thus, the short-term picture thus seems to be strongly positive, as the RSI is hovering in the overbought territory and the MACD is strengthening its momentum above trigger line. A break above above the ascending […]
US 500 index showed little change after opening the week with a small positive gap above its 50-day simple moving average (SMA). The distance between the MACD and its red signal line and the bullish momentum in the indicator suggests there is some room for improvement, but in the very short-term a consolidation phase may follow […]
Brent crude extends gains following tanker attack in Gulf of Oman; gold lifted too Dollar heads for weekly gains as US retails sales and Fed meeting eyed Aussie and kiwi sag on growing rate cut bets Oil jumps on renewed tensions in Middle East Market sentiment was mixed on Friday as ongoing trade uncertainty and […]
USDCAD gained some ground after the aggressive sell-off towards the three-month low of 1.3240, penetrating the long-term ascending trend line to the downside. The technical indicators are feeding prospects for a possible positive short-term trading; the RSI is pointing up below 50, while the stochastic continues to strengthen its momentum. A decisive close above the 23.6% […]
Crude oil is one of the most sensitive commodities in the world. The liquid is mined in most countries in the Middle East, a region that is not well-known for peace. This was evidence yesterday, when two large oil tankers were attacked. One tanker was attacked with torpedoes while the other one was repeatedly attacked […]
Today, focus will remain on crude oil following the attacks in the Strait of Hormuz that happened yesterday. In a press conference, without providing any evidence, Mike Pompeo, the Secretary of State blamed Iran for the attacks. In a rejoinder, Iran blamed the United States for the attack. The foreign minister said that the US […]
This week, investors continued looking at the ongoing trade war between United States and China. In an interview, Donald Trump said that the country will add tariffs on all imported goods from China if the two leaders don’t meet at the G20 summit in Japan. China responded by saying that the tariffs and trade restrictions […]
Since January 19th, the EURUSD pair has been moving within the depicted channel with slight bearish tendency. For Intraday traders, the price zone around 1.1235 stood as a temporary demand area which paused the ongoing bearish momentum for a while before bearish breakdown could be executed on April 23. Short-term outlook turned to become bearish […]
On March 29, a visit towards the price levels of 1.2980 (the lower limit of the newly-established bearish movement channel) could bring the GBPUSD pair again towards the upper limit of the minor bearish channel around (1.3160-1.3180). Since then, Short-term outlook has turned into bearish with intermediate-term bearish targets projected towards 1.2900 and 1.2850. On […]
BTC has been trading upwards but if found resistance at the price of $8.240. The big head and shoulders pattern is in creation and you should watch for potential down break for selling opportunities. Gray rectangle – Resistance became support $8.080 Blue rectangle – Important support $7.410 White upward trendline – Short term support We […]
GBP/USD has been trading downwards today. The price tested and rejected from the key resistance at 1.2746, which is strong sign of the reversal and new downward momentum on the GPB. Yellow rectangle – Resistance (1.2746) Blue rectangle – Support 1 (1.2653) Gray rectangle – Support 2 (1.2562) GBP/USD made potential double top formation and […]
Bitcoin has been consolidating above $8,000 for a few hours now after climbing above the area under strong impulsive bullish momentum. The price managed to extend a steady climb having confluence of dynamic levels. It has been a perfect start for crypto currency investors. Recording double-digit gains over the last two quarters, Bitcoin stands out […]
EUR/USD has been trading downwards today. The price tested the level of 1.1268. We found the breakout of the important support trend lines in the background, which is sign that we may see further lower price on EUR. Yellow line 1 – horizontal support 1 (1.1210) Yellow line 2- horizontal support 2 (1.1120) White line […]
EURUSD is pulling back as expected from our latest posts. Price remains above key support and trend remains bullish as long as price remains above 1.12-1.1250. Red lines – bullish wedge Green rectangle – support area EURUSD is pulling back towards the green support area and the upward wedge boundary. So far this could be […]
Gold price has bounced off the 38% Fibonacci retracement support area but it looks like bulls are not strong enough to recapture the major resistance trend level at $1,350. This rejection if followed by a move below $1,320 could lead to a sharp decline towards $1,300. Black line – resistance (broken) Green rectangle – support […]
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 […]
EURCHF is retreating today, falling below both its 20- and 40-day simple moving averages (SMAs) as well as beneath the 23.6% Fibonacci retracement level of the downleg from 1.1710 to 1.1120 near 1.1260. The bigger picture still seems negative as the price has been developing in a descending channel since September 2018. Short-term momentum oscillators concur, […]
The US dollar index found a strong support obstacle on the long-term ascending trend line once again, sending the price higher. The short-term bias is tilted to the upside as the stochastic oscillator is approaching the overbought area with stronger momentum than before in the daily timeframe. If the index moves higher, the 50-day simple moving average (SMA) currently at […]
Weak hopes of signing the US-China trade agreement at the G20 meeting this month and mass street protests in Hong Kong led investors into safe havens. This instantly affected the main risk indicators, the yen, and the Australian dollar. The yen approached a weekly high against the dollar, rising 0.2% to 108.295 yen. Also, the […]
While investors do not show noticeable activity in the markets and do not react to clear signals of a slowdown in the rate of inflation in the United States, it should force the Fed to begin the process of lowering interest rates, theoretically speaking. Earlier against the background of extremely weak data on the number […]
As has become normal these days, the focus among investors these days have been about trade. The current big issue is whether Donald Trump will meet China’s Xi Jinping at the G20 meeting in Japan. While the meeting has not yet been confirmed, a report by the South China Morning Post said a one on […]
Hong Kong is one of the biggest cities in the world. It has a population of more than 7 million people and a GDP of more than $341 billion. It is one of the leading financial capitals in Asia and is known for its close proximity to China. The country operates in the so-called special […]
Switzerland is a major European country with a population of just 8.42 million people. It has a GDP of more than $678 billion. It derives most of its income from exporting industrial goods like chemicals, machinery, and textiles. It is also known as a leading financial hub, that is dominated with high-profile banks like Credit […]
