British Prime Minister Theresa May said that the failure of the Brexit deal will have disastrous consequences for democracy. May is trying to enlist the support of parliamentarians on the eve of the vote on the deal with Brussels. Earlier, in December, she postponed the vote, fearing failure, and urged lawmakers not to betray those […]
On Tuesday, the British Parliament will have to reject or approve the proposed Brexit agreement with the EU, Theresa May. Any decision will be fateful because the future of Great Britain for years to come is at stake. It is worth noting that English politicians have repeatedly proved their unpredictability over the entire time of […]
According to the General Administration of Customs of China, the indicators of China’s exports and imports in December 2018 decreased at the maximum rate over the past two years. Such dynamics indicate that the economic growth of the Celestial Empire demonstrates some slowdown under the negative influence of the trade war with the United States. […]
The pound is still in the grip of politics. Meanwhile, the so-called “Day X” is gradually approaching. What will happen to the British currency when the United Kingdom leaves the European Union? Will it reach new local maximums, or will it update annual minimums? According to a consensus forecast by analysts recently surveyed by Bloomberg, […]
GOLD PRICES dropped $6 to erase an overnight rise at the start of US trading on Monday, moving back to last week’s finish of $1290 per ounce as world stock markets fell even as major government bond yields slipped once more. “The geopolitical risks have started to induce some safe-haven buying,” reckon analysts at […]
The Alcoa stock price dipped to a new two-year low of 24.98 on December 26 and it is currently hovering slightly above this level. The price remains below the medium-term descending trend line, which has been holding since April 19 but stands within 20- and 40-simple moving averages (SMAs) in the daily timeframe. However, technically, the RSI indicator […]
The commodities complex had a particularly volatile run in 2018, with flaring trade tensions, mounting concerns around slowing global growth, and a stronger US dollar being behind the abysmal performance of most commodities. In 2019, the outlook will hinge mainly on how the trade dispute plays out, with precious metals likely to perform well in […]
The euro fell in the first half of the day to the area of a minimum amid weak industrial production data, indicating the likelihood of a slowdown in economic growth in 2018. A further bearish trend in the EUR/USD pair gets more real. Eurozone According to the report, industrial production in the eurozone in November […]
Last week, the Federal Reserve made a lot of effort to weaken the dollar, and, judging by the results, quite successfully. The whole point is that the text of the minutes of the meeting of the Federal Commission on Open Market Operations was published on Wednesday. It is worth recalling that it was during the […]
To open long positions on the GBP / USD pair, you need: Pound buyers managed to stay above the support level of 1.2813, which led to the return of demand and the update of the maximum of the day. The main task for the second half of the day will be to break through the […]
To open long positions on EUR / USD pair, you need: Buyers returned to the market after updating the support level of 1.1449, which I paid attention to in my morning review. At the moment, the main task is to break through and consolidate above the resistance of 1.1490, which will lead to a test […]
The pound has left a seven-week high and apparently, it will continue to decline. Investors are preparing for the next round of voting on Brexit, where the plan proposed by Prime Minister Theresa May will be discussed. It is expected that it will not be adopted. Sterling will be under attack in the short term […]
This week, traders will continue to look at the United States, which has seen a partial government shutdown go on for more than three weeks. This makes it the longest shut down in history. It has been caused by the disagreements between the legislative and executive arms of the US government on border wall funding. […]
USDCNH plunged to a new six-month low of 6.7360 in Friday’s session, creating three straight negative days. The price dropped beneath the 23.6% Fibonacci retracement level of the upleg from 6.2350 to 6.9781, however, currently, it is paring some of the lost ground. The RSI is pointing up near oversold levels, slightly below 30, indicating that the market could […]
Large-scale graph: The general direction of the major yen movement since March of last year is set by the rising wave. The counter-correctional part of the model started in July, which ended at the beginning of the current month. Medium scale graph: The plot of the schedule of December 13 completes the bearish design of […]
Large-scale graph: The vector of the main trend in the euro major pair since January last year is directed downward. The first 2 parts are completed in the wave structure and the final phase (C) has started since the end of September. Medium-scale graph: The ascending section of the chart on November 12 had a […]
On the weekly chart, the EUR/USD pair is demonstrating a long-term Head and Shoulders reversal pattern where the right shoulder is currently in progress. On the Daily chart, the pair has been moving sideways with a slight bearish tendency. Narrow sideway consolidations have been maintained within the depicted daily movement channel since June 2018. On […]
Since mid-November, Successive Lower Highs were demonstrated around the price levels of 1.3060, 1.2920 and 1.2800 maintaining movement within the depicted H4 bearish channel Shortly after, a quick decline was demonstrated towards the price level of 1.2500 before bullish recovery could take place on December 12. A bullish Head & Shoulders pattern was demonstrated on […]
Recently, the Gold has been trading sideways at the price of $1,295.00. Anyway, according to the H4 time frame, I have found that there is a potential end of the contracting flat correction, which is a sign that Gold may resume the upward trend very soon. I have also found that there is the positive […]
Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1450. Anyway, according to the M30 time – frame, I have found that there is a fake breakout of the support cluster at the price of 1.1455, which is a sign that selling looks very risky at this stage. I also […]
Trading recommendations: According to the 30M time – frame, I found that BTC has been trading downwards. The price tested the level of $3.439. I have also found the breakout of the bearish flag in the background, which is a sign that sellers are in control. Most recently, there is the intraday bearish flag in […]
Overview: Pivot: 0.7112. The AUD/USD pair is set above strong support at the level of 0.7046, which coincides with the 23.6% Fibonacci retracement level. This support has been rejected four times confirming the veracity of the uptrend. Hence, major support is seen at the level of 0.7046, because the trend is still showing strength above […]
Overview: The EUR/USD pair continues to move upwards from the level of 1.1342. Today, the first support level is currently seen at 1.1342, and the price is moving in a bullish channel now. Furthermore, the price has been set above the strong support at the level of 1.1342, which coincides with the 61.8% Fibonacci retracement […]
According to forecasts of leading experts of the world market of black gold, this year a significant drop in global oil prices is expected. According to Mohammed Al-Rumhi, the Minister of Oil of Oman, the December agreement on the reduction of oil production concluded between OPEC, Russia and other oil producers stabilizes oil prices of […]
The British pound is descending from its monthly highs, which were reached last Friday after the appearance of talk about a possible postponement of the UK exit from March 29 to a later date. Problems in a number of laws that have not been adopted, along with the parliamentary vote on the Brexit agreement, which […]
Gold has been consolidating since January 2 and has been stuck in a channel with resistance boundary the upper Bollinger band around 1297 and support boundary the 1279 barrier. The neutral picture in the short-term looks to last for a while longer after prices failed to surpass the seven-month high of 1298.47 several times in […]
Sterling spikes higher, looks to parliamentary vote on Brexit deal tomorrow Risk aversion returns after Chinese trade data disappoint Euro inches lower as ECB officials strike a more concerned tone Pound outperforms on reports of Article 50 delay The British pound advanced against all its major peers on Friday, after UK media reported that the […]
To open long positions on GBP/USD you need: News that March 29 will not be the deadline when the UK will leave the EU, supported the British pound on Friday after a weak report on GDP. At the moment, buyers need to stay above the support level of 1.2813, and the formation of a false […]
To open long positions on EURUSD you need: Buyers did not cope with the task and failed to break through important resistance levels last Friday. Currently, it is best to consider long positions after updating the support level of 1.1449 with the formation of a false breakdown on it or to rebound from a larger […]
The big picture: Uncertainty. The main plot — Britain — a vote on an agreement with the EU in Parliament tomorrow, January 15. The result is undefined The second problem — the United States — Trump’s disagreement — the democratic majority in Congress — the question of financing the construction of a wall on the […]
