It’s no secret that Donald Trump likes to intimidate the markets; this is his favorite weapon. It is equally safe to say that all these threats cannot be taken at face value. If Washington actually introduces new duties, which Trump tweeted, then the tariff barrier between the US and China will be higher than in […]
When pursuing many goals, you need to be prepared for the fact that they will begin to contradict each other. With a statement about raising tariffs from 10% to 25% for $200 billion worth of Chinese imports from May 10, Donald Trump brought Brent and WTI down by more than 2%, but at the same […]
A miracle did not happen: Brexit was again stuck in a swamp of counterproductive negotiations. Theresa May and the Labour Party representatives could not come to a common decision, and this fact became obvious. According to the British press, on Tuesday, the prime minister was supposed to submit her updated action plan, which would include […]
The Reserve Bank of Australia has come to the aid of the Australian currency, which paired with the dollar is in the area of the psychologically important mark of 0.7000. Against the background of a general increase in anti-risk market sentiment, yesterday, AUD/USD bears were able to lower the price for a key support level, […]
4-hour timeframe The amplitude of the last 5 days (high-low): 53p – 78p – 48p – 70p – 37p. Average amplitude for the last 5 days: 57p (58p). The EUR/USD pair ends the second trading day of the week with a decline of “as much as” 30 points. Formally, this is still a downward movement, […]
Fundamental Analysis: Australia’s retail sales data which represents consumer spending came in better than expected, rising to 0.3% month on month in march, beating the expected of 0.2%. However, this figure marks a significant slowdown in spending from the 0.8% growth registered in February. Furthermore, Australia’s trade surplus widened to A$4949 million in March, topping […]
Few weeks ago, a bullish Head and Shoulders reversal pattern was demonstrated around 1.1200. This enhanced further bullish advancement towards 1.1300-1.1315 (supply zone) where significant bearish rejection was demonstrated on April 15. Short-term outlook turned to become bearish towards 1.1280 (61.8% Fibonacci) then 1.1235 (78.6% Fibonacci). For Intraday traders, the price zone around 1.1235 (78.6% […]
Trend remains bearish in EURUSD in the Daily and weekly time frame according to the Ichimoku cloud indicator. There is no sign of trend reversal but in this post we will point out the levels bulls need to break in order to reverse trend according to Ichimoku cloud indicator. In both the Daily and in […]
Gold price is challenging important resistance trend line and we should soon see either a breakout towards $1,300 and higher or a rejection and a move below $1,270 towards $1,250-60. Red rectangle – major confluence zone Blue line- major resistance trend line Blue rectangle – short-term support Gold price is challenging the downward sloping blue […]
On March 29, the price levels of 1.2980 (the lower limit of the newly-established bearish movement channel) demonstrated significant bullish rejection. This brought the GBPUSD pair again towards the price zone of (1.3160-1.3180) where the upper limit of the depicted bearish channel as well as the backside of the depicted broken uptrend line demonstrated significant […]
Data indicating a sharp slowdown in the German manufacturing sector, which is experiencing a clear recession, as well as a revision of the forecasts of the European Commission for the worse, and are putting pressure on the European currency, which is gradually declining in the pair with the US dollar. If the soft monetary policy […]
Societe Generale and Rabobank experts agree that the monetary policy pursued by the Fed and the ECB has become a less significant driver for the EUR/USD pair than the economic growth indicators of the US and the eurozone. At the same time, currency strategists of banks have different assessments of the pair’s short-term prospects. Thus, […]
The RBNZ will announce its decision early on Wednesday, at 02:00 GMT. The forecast from economists is for a rate cut, but investors are not convinced, with market pricing assigning only a ~40% chance for one. Indeed, the Bank may hold its fire for now and postpone any cut until the summer. The kiwi will […]
Overview: The NZD/USD pair is showing signs of weakness following a breakout of the lowest level of 0.6648. On the H1 chart, the level of 0.6648 coincides with 23.6% of Fibonacci, which is expected to act as minor support today. Since the trend is below the 23.6% Fibonacci level, the market is still in a […]
Overview: The AUD/USD pair is set above strong support at the levels of 0.7046 and 0.7168. This support has been rejected four times confirming the uptrend. The major support is seen at the level of 0.7046, because the trend is still showing strength above it. Accordingly, the pair is still in the uptrend in the […]
BTC did break the resistance of the trading range at $6.110 and confirmed further upward continuation. It is the late stage of the upward trend but seems that there is still fuel for the upside. Purple rectangle – Resistance which became support Green rectangle – Support Green channel – Potential bullish flag According to the […]
USDTRY has been in a flying mode today, reaching a new seven-month high of 6.1952. Looking at the technical indicators, the RSI is still hovering in the overbought area, suggesting a possible overstretched market in the daily chart, while the MACD rose above the trigger line, confirming the recent bullish tendency in price action. If the […]
Gold has been trading sideways at the price of $1.279. Gold is trading inside of defined range between $1.285 and $1.277. We are neutral to bearish on the Gold. Yellow horizontal line – Support 1 Yellow horizontal line – Support 2 Blue line – Middle of Keltner Channel EMA According to the H1 time-frame, we […]
EUR/USD has been trading sideways at the price of 1.1186. EUR did break the support trendline in the background, which is sign that sellers took control from buyers at least on the intraday prospective. Yellow rectangle – Resistance 1 Yellow rectangle – Resistance 2 Yellow horizontal line – Support 1 Yellow horizontal line – Support […]
EURNZD recorded a fresh four-month high of 1.6987 earlier today, finding resistance near the 200-day simple moving average (SMA). The RSI and the MACD are increasing distance above the 50 level and the zero line respectively, increasing speculation for more upside pressure in the short-term. In case the pair maintains its short-term direction to the upside after the bounce […]
This June, and for the first time, XM hosts two educational seminars in Vietnam, where we look very much forward to welcoming our existing and new clients who would like to improve their online investing skills with the help of the free XM forex events. Apart from our recently introduced forex webinars in Vietnamese language, […]
China will publish monthly trade numbers on Wednesday to be followed by inflation figures for April on Thursday. There is no confirmed release time for the trade data, but Thursday’s price readings are due at 01:30 GMT. The latest stats on goods inflow and outflow come amid a fresh spike in trade tensions with the […]
The Australian dollar jumped sharply after the central bank of the left. The currency rose by about 0.7 percent, to $ 0.7035, after the Reserve Bank of Australia (RBA) kept the rate at 1.50 percent. It is worth noting that the decision of the bank was expected, despite calls for easing of monetary policy after […]
In anticipation of the decision of the Reserve Bank of Australia (RBA) on monetary policy, the AUD / USD pair slipped to 4-month lows. The sale of the Aussie was primarily caused by the threat of an escalation of the trade conflict between Washington and Beijing. In addition, analysts had expected the Australian Central Bank […]
Yesterday, the euro was limited in growth against the US dollar, as well as the British pound. The growing tension in the negotiations between the US and China affected the stock markets again, which also partially affected the currency market. Also yesterday, during his speech, US sales representative Lighthizer stated that China refuses to fulfill […]
After more than 4 months of calm in the financial market, volatility returned to the markets yesterday. This is after Donald Trump sent shockwaves on Sunday when he tweeted that the 25% tariffs on Chinese goods will go into effect on Friday. This left many, including the Chinese in shock because a deal was expected […]
Australia is an important country for the financial market for a number of reasons. First, it is the 14th largest economy in the world with a GDP of more than $1.46 trillion. Second, it is a leading producer of key commodities like coal and iron ore. Third, because of the volumes of trade it does […]
ETHUSD has come under renewed buying interest over the last five days, rising back above the 20- and 40-simple moving averages (SMAs) in the daily chart. The positive bias in the near term is also supported by the RSI, which has been hovering above the 50-neutral level in the past few days, while the stochastic […]
To open long positions on GBP/USD you need: Yesterday, buyers managed to show themselves in the support area of 1.3078, and today their main task for the first half of the day will be a consolidation above the resistance of 1.3130, which will break the upper limit of the downward channel that was formed and […]
To open long positions on EURUSD you need: Yesterday’s weak data from the eurozone put the euro’s further growth at risk. The main goal today will be the breakdown and consolidation above the resistance of 1.1218, which will lead EUR/USD to the area of last week’s high to 1.1260 and maintain the upward potential with […]
