EUR/USD The euro adjusted yesterday, down by 42 points after a strong growth on Wednesday. But at the moment the technical situation has not changed. The euro remains in an upward trend, the target area of 1.1620/40 remains. Nevertheless, a significant bar – the resistance of 1.1575 is added to the technical picture, at least […]
Yesterday’s speech by Fed Chairman J. Powell reassured the markets again, allowing them to resume growth. In his speech, he confirmed the expectations of the markets that the American regulator will proceed from the development of the situation in decisions on rates and will act “quickly and flexible.” He noted that the markets are too […]
GBP/USD On Thursday, the British pound made an unspoken attempt to decrease, leaving it at a meeting with the support of the balance line on the daily chart and on the balance line and the Krusenstern on the four-hour. Thus, the desire of the British pound to try again to go to the Krusenstern line […]
Dear colleagues. For the currency pair Euro / Dollar, the price is in the correction zone of the rising structure of January 2 and the level of 1.1451 is the key support. For the Pound / Dollar currency pair, we should continue the development of the ascending structure from January 2 after the breakdown of […]
In Asia, Japan will release the Economy Watchers Sentiment, Current Account, Bank Lending y/y, and Household Spending y/y. The US will also publish some economic data such as Federal Budget Balance, Core CPI m/m, and CPI m/m. So there is a probability that the USD/JPY pair will move with a low to a medium volatility […]
The EUR/USD pair bounced off its support at 1.1489 (38.2% & 23.6% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1.1567 (horizontal swing high resistance). Stochastic (34, 5, 3) bounced off its support at 3.2% where a corresponding rise could occur. EUR/USD has rebounded from its support where we […]
Morning Report: 07.00 London The US dollar index is reversing most of yesterday’s rally. Dollar pairs are back on the rise after some reversals yesterday. The EUR/USD was hit hard yesterday, falling to 1.1500 with moderate gains this morning. The GBP/USD is lagging this morning though after failing at the 1.2800 level yesterday. The AUD/USD […]
The pound/dollar pair is now extremely unreliable in the context of any forecasts – and in the short term, and even more so in the long term. The general weakness of the US currency can create the illusion of the northern trend of GBP/USD, but in this case it is absolutely impossible to focus on […]
The European currency fell against the US dollar in the first half of the day after yesterday’s rapid growth amid comments from the Federal Reserve and the minutes of the December meeting, which pointed to a slowdown in the rate of interest rate hikes in the US in 2019 for a number of reasons. Data […]
The emotional reaction to the events of yesterday is gradually subsiding: dollar bulls are trying to return the US currency to its previous positions, using any reason for this. Even today’s trump demarche in the negotiations on the shutdown had no positive influence on the greenback – the dollar index moved away from months of […]
4-hour timeframe The amplitude of the last 5 days (high-low): 192p – 211p – 72p – 93p – 94p. Average amplitude for the last 5 days: 132p (140p). The British pound on Thursday, January 10, also began to adjust, although this correction was not preceded by any strong growth of the pair. Nevertheless, once again […]
4-hour timeframe The amplitude of the last 5 days (high-low): 102p – 73p – 87p – 63p – 121p. Average amplitude for the last 5 days: 89p (99p). The EUR/USD currency pair on Thursday, January 10, began to adjust during the European trading session. The effect of the Fed minutes from the last meeting has […]
The main point in the construction of the medium-term trading plan is the exit of the pair beyond the monthly short-term January. The probability of large demand and return inside the zone increases to 90%. The third day of the pair is trading outside the monthly short-term of January. This makes it impossible to search […]
On Wednesday, January 9, the EURUSD rate made a breakthrough to the top of the important level of 1.1500, closed the day there, and is still above 1.1500. This is a strong signal for the trend upward. Possible trend targets are up to 1.18-1.19 – and even up to 1.2000. We keep buying from 1.1485. […]
The US currency in the new year will lose all previously collected positions. If last year the dollar index gained about 4%, now, due to the expected deterioration in the country’s economic growth and the display of patience by Fed officials in the process of tightening policies, the indicator will be forced to show a […]
Currently, experts point out three factors pushing up oil quotes. These include positive sentiment regarding negotiations between the United States and the People’s Republic of China, a decline in production by leading oil producers, as well as positive statistics on black gold reserves in America. Brent crude oil has completed the current session growth, rising […]
The USD declined sharply in overnight trading after the Federal Reserve released the minutes for the December meeting. In the meeting, the Fed raised interest rates by 25 basis points. This was the fourth rate hike in the year. The hike came at a time when the economy was going through major challenges. After rising […]
Switzerland is an important economy in Europe. The country has a GDP of more than $678 billion and a population of more than 8.4 million people. This makes it a very wealthy country. The country is known for its luxury watches and its financial sector. It is known for its industrial ability with companies such […]
USDCHF has moved considerably lower from the 20-month high of 1.0130, recording a new almost four-month low of 0.9715 earlier today and touching the long-term ascending trend line. The price retraced more than the 38.2% Fibonacci retracement level of 0.9770, taken from the downward movement from 0.9185 to 1.0130. Zooming to today’s intraday bullish move, […]
Since it is uncertain how long the impasse over funding Trump’s wall will keep parts of public services closed in the US including the Bureau of Economic Analysis, which is responsible to update the core PCE index, the core CPI figure will attract extra attention this week. Should the measure beat forecasts, suggesting that inflation […]
For most of last year, the gold rate was under pressure due to the strengthening of the US currency and the increase in the interest rate of the Fed. Only in December, amid falling stock indices, investors in the precious metal could breathe a sigh of relief. According to some data, last month, stocks of […]
To open long positions on the GBP / USD pair, you need: Buyers could not keep the price above the support of 1.2753 in the first half of the day, although there were preconditions for further growth. At the moment, only a confident return above the level of 1.2753 will return the chance to continue […]
On Wednesday, the price moved up, pushing off from the support line (the red bold line). It closed above the retreat level of 23.6% – 1.1535 (yellow dotted line). On Thursday, the price was moving up without preventing anything. The release of strong calendar news is expected at 15.30 and 20.00 Moscow time. Trend analysis […]
EUR / USD pair On Wednesday, the euro rose by 102 points due to several reasons. During the day, Germany’s November trade balance was better with 19.0 billion against expectations of 17.9 billion and 17.3 billion in October. Another is the unemployment rate in the eurozone dropped from 8.0% to 7.9%. In the afternoon, Fed […]
UK 100 stock index (FTSE 100) has rebounded somewhat after falling to a two-year low of 6533 on December 27, hitting the 50-day simple moving average (SMA). Momentum indicators now suggest that the market sentiment might get better as the RSI is moving in the positive territory. The MACD also looks to be changing direction, moving higher […]
Gold price is challenging its recent highs. Price did not move as low as $1,270 as we initially expected maybe because the corrective pattern followed was a triangle. Trend remains bullish as long as price is inside the bullish channel. Green rectangles – support areas Purple lines – bullish channel Black lines – triangle pattern […]
Trend analysis (Fig. 1). On Thursday, downward work with the first lower target of 1.2751 is possible – a recoil level of 14.6% (blue dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis – down; – trend analysis – […]
EUR/USD has finally broken above and out of the trading range it has been in for the last two months. This is a bullish sign. We could see a pullback as a back test towards 1.1450-1.1480 but I remain bullish on EUR/USD looking for at least a move towards 1.17. Light blue dots – medium […]
Trading plan for 10/01/2019: Chinese data disappoints the global investors Trade was non-directional during the Asian session. USD generally remains weak under the influence of a mix of factors: change in Fed tone, government shutdown, technical break. The sentiment in Asia temporarily broke down the weaker data from China, but over time the stock exchanges […]
The UK economy will be in focus on Friday as November data on monthly GDP, industrial output and trade are due at 09:30 GMT. But with the crucial Parliamentary vote on Theresa May’s much-criticised Brexit deal coming up just a few days later, the normally closely-watched indicators may fail to generate notable reaction in forex […]
