The cost of oil continues to rise amid a recovery in stock markets. Positive on the markets brought the beginning of trade negotiations between the United States and China in Beijing. Foreign Ministry spokesman Lu Kang said that the Chinese authorities are hoping for mutual respect in resolving trade contradictions. As a result, stock exchanges […]
Experts of the British audit and consulting company Ernst & Young (EY) calculated that While waiting for the UK to leave the EU, financial companies withdrew about 800 billion pounds sterling worth more than $1 trillion from the country. The EY analysts investigated public statements of 222 of the largest participants in the UK financial […]
The data of the European Commission showed that business sentiment in the eurozone deteriorated markedly, which was a new sign of the weakness of the bloc’s economy. this was the end of the year in December when optimism fell every month. More gloomy expectations have partly reflected a decline in confidence in industrial production. For […]
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 bearish 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 […]
Bitcoin has been correcting itself in a downward sloping Channel-based structure which made the price to retrace towards $4,000 area before pushing higher. The price recently bounced off the Kumo Cloud support while also being held by the dynamic levels like 20 EMA, Tenkan, and Kijun line as support. The Chikou span is currently breaking […]
GBP/USD recently jumped impulsively higher above 1.2700-50 resistance area, engulfing the previous bearish pressure in the process. The BREXIT deal is still quite uncertain. USD is struggling for gains amid the recent economic reports. Thus, temporary weakness of USD enabled GBP to gain certain momentum. Ahead of BREXIT, assets worth $1 trilling (800 billion pounds) […]
By consolidating in a 200-point-wide channel for most of the past two months, the main currency pair is preparing to break the mark of 1.15. Traders were delighted with the sharp recovery of retail in Germany and the Euroblock, but the production sector is still not in the best condition. In November, orders for manufactured […]
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 slight bearish tendency. Narrow sideway consolidations have been maintained within the depicted daily movement channel since June 2018. On November […]
USD/JPY has been quite impulsive amid the bearish pressure recently which pushed the price towards 104.50 support area from where strong bullish pressure pushed the price above 108.50. After the recent rate hike in the US, employment reports were not quite as expected which enabled the US currency to lose ground against JPY. Ahead of […]
Trading recommendations: According to the 30M time – frame, I found that BTC broke the bullish flag patten in the background, which is a sign that buyers are in control. I have also found a strong impulsive move in the background, which is another sign of strength. My advice is to watch for buying opportunities. […]
If the fourth quarter and the whole of 2018 were the worst for black gold from October-December 2014 and from 2015, respectively, then the beginning of the new year Brent and WTI started for health. Market faith in the favorable impact on the prices of the OPEC production cuts and optimism regarding the US-China trade […]
The US economic calendar is packed with significant events this week, with the latest FOMC minutes hitting the markets on Wednesday, at 1900 GMT. Then on Thursday, a slew of Fed speakers including Chair Powell and Vice Chair Clarida will deliver remarks. Investors will look for clues as to whether a pause in rate hikes […]
Recently, the GBP/USD pair has been trading sideways at the price of 1.2750. According to the M15 time – frame, I have found that GBP/USD is in a compression mode, which is a sign that there is a potential change from bullish to bearish. I have also found a hidden bearish divergence on the the […]
The euro will continue to fall, as the eurozone economy is showing more and more signs of a slowdown. Meanwhile, the dollar will go up despite the Fed’s possible caution, which may well halt the rate increase cycle. The unexpected decline in industrial production in Germany had a negative impact on the single currency. The […]
Last year, when the Donald Trump administration announced new tariffs on Chinese goods China retaliated by imposing higher tariffs on American goods. The most affected were agricultural products like soybeans and corn. China also stopped buying these products because they were more expensive than those from other countries. As a result, the low demand and […]
In 2018, the price of copper moved to a high of $3.3 an ounce. The year’s high was reached in June. Then, as the world was entering a phase of slower growth, the price dropped sharply. Ultimately, the price reached a low of $2.50 in August. Then, the price started moving in a narrow range […]
The loonie recovered almost 2.0% of its lost value last week, registering its largest gain against the dollar in four months but the currency is waiting another test this week as the Bank of Canada is scheduled to set monetary policy on Wednesday at 1500 GMT. While interest rates are not expected to change, policymakers […]
According to experts, the likelihood for any cryptocurrency will be able to reach maximum values is extremely low in the coming year. They believe that the explosive growth of the price at which Bitcoin approached $ 20,000 and Ethereum worth almost $1500 is in the past. Currently, cryptocurrency number 1 is trading at around $3,800, […]
Last year, the demand for gold and silver dropped significantly, aided by factors such as the tightening of the Fed policy and the rapid growth of the American economy. As a result, precious metals showed a negative price trend for a long time. Silver showed itself much worse compared to the yellow metal, which was […]
Goldman Sachs stock price has been trading upwards over the last couple of weeks after the rebound on the 151.50 support level. The short-term technical indicators are endorsing the upside view. In the daily timeframe, the Relative Strength Index (RSI) is sloping upwards approaching the threshold of 50, while the MACD oscillator holds above its red-trigger line […]
Tomorrow, the deputies of the House of Commons will resume the debate on the draft agreement on the withdrawal of Britain from the EU. Approximately, they will last until the beginning of the next week, whereas the voting itself should take place on January 15. However, it is impossible to talk about this with certainty: […]
Recently, Gold has been trading downwards as I expected. The price tested the level of $1,281.00. According to the H1 time – frame, I have found that price breached the rising wedge pattern and upward channel in the background, which is a sign that sellers are in control. My advice is to watch for selling […]
GOLD PRICES fell below last week’s multi-month closing high against all major currencies on Tuesday, losing $15 for the day in Dollar terms as the US currency rallied and European stock markets finally caught up with the New Year rise in American and Asian equities. “Talks with China are going very well!” tweeted US […]
The US dollar continued to lose its position against the euro in the second half of the day on Monday, after data came out indicating activity in the US services sector in December of this year, which was growing at a much slower pace than expected. This indicates a worsening economic situation. According to the […]
USD/JPY Yesterday, the Japanese yen did an important job – it came out above the resistance of the downward trend line on the daily timeframe. The stock market helped her in this – on Monday the S&P 500 grew by 0.70%, and, it seems, not without the active participation of Trump and Mnuchin, the American […]
GBPAUD moved aggressively lower from the 1.8540 resistance level, slipping beneath the 23.6% Fibonacci retracement level of the upleg from 1.5725 to 1.8730, around 1.8015. The technical structure is not looking very positive at the moment with the RSI developing near the neutral level of 50, while the MACD oscillator posted a bearish crossover with its red […]
Trend analysis (Fig. 1). On Tuesday, the price will move down in the side channel. This movement can stop at any time (the trend is up). The first upper target 1.1498 is the upper fractal. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – neutral; – volumes – down; […]
Dear colleagues. For the currency pair Euro / Dollar, we follow the development of the upward cycle of January 2. For the currency pair Pound / Dollar, the continuation of the development of the ascending structure from January 2 and we expect 1.2813 after the breakdown. For the currency pair Dollar / Franc, after the […]
Gold price is pulling back downwards towards $1,280. As we explained in our last analysis, there are a lot of chances that the entire pull back is not over and we could soon see another leg lower towards $1,270. Green rectangles – support areas Black lines – expected path Purple lines – bullish channel Gold […]
The Canadian labor market report for December was characterized by low expectations after a very strong increase in employment in November (94.1k). Last month, 9.3k jobs were delivered – close to the forecast of 10k – as a result of the increase in part-time jobs, which has a negative effect. The unemployment rate remained at […]
