The S & P 500 broad market index lost 2.08% on Monday, updating the 12-month low. Despite the fact that the Fed’s plans to raise the rate at the last meeting this year were known in advance, investors see no chance of maintaining high economic growth next year. The main stated goal of the Fed’s […]
GBP / USD pair After yesterday’s, albeit insignificant price increase, price convergence opened with the Marlin oscillator on the daily chart. It opens up the prospect of price movement to the resistance of the price channel line of 1.2732 and to the resistance of the MACD line at 1.2900. For such a strong movement, good […]
WTI futures plummeted to a fresh 15-month low during yesterday’s session, challenging the 48.50 level. The price exited from the narrow range that was holding in the preceding three weeks, continuing the strong downside structure in the short to medium term. Currently, the price remains below the 20- and 40-simple moving averages (SMAs) and the technical […]
Risk sentiment in dire straits; US stocks close at fresh lows, yen shines Dollar drops as Fed rate-hike expectations fade even further Kiwi buoyant after New Zealand’s business sentiment recovers S&P 500 closes at 14-month low as fear dominates greed Risk sentiment remained sour to start the week, in the absence of any clear catalyst, […]
Morning Report: 07.00 London The dollar index remains weak as traders weigh up Trumps latest attack on the Fed ahead of a likely 0.25% rate hike this week. The dollar is down for the second day this week, helping the dollar pairs to lift higher. The AUD/USD is recovering, with the 0.7170 level acting as […]
GBPUSD has rebounded somewhat after falling to a 20-month low of 1.2475 on December 12 and momentum indicators are endorsing that the market sentiment might get better and create some gains in the daily timeframe. The RSI indicator is sloping slightly up in the negative territory, while the MACD oscillator is also looking to change […]
USD/JPY has been quite impulsive with the recent bearish momentum in the pair while residing between the price range of 111.50 to 114.50 area. Ahead of the federal funds rate decision, the FOMC Statement and the BOJ Policy Rate to be published this week, USD is expected to regain impulsive momentum against JPY in the […]
Facebook has posted five new items related to the Blockchain technology on its careers webpage in the last three weeks, two of which were added on December 5 and 6. Vacancies open to candidates include two positions as a software engineer, two data researchers, and a data engineer. All of them are full-time positions at […]
4h The EUR / USD currency pair reversed around the level of 1.1269 in favor of the European currency and the close above the fibo level of 100.0% – 1.1303. As a result, on December 18, the growth process can be continued in the direction of the correction level of 76.4% – 1.1423. There is […]
According to the data from Etherscan, the number of unique addresses of the Ethereum portfolio exceeded the threshold of 50 million. On Saturday, the Ethereum network recorded a daily increase of 168,506 unique cryptographic portfolios, following a steady upward trend this year. The highest historic daily increase in the unique addresses of Ethereum took place […]
After Friday’s rise to one and a half year highs, the dollar index today slowed down and returned to 96 points. The strengthening of the US currency was due to weak data from China and strong data from the US. However, the dollar rally did not continue due to the upcoming Federal Reserve meeting, the […]
4-hour timeframe The amplitude of the last 5 days (high-low): 253p – 158p – 195p – 77p – 137p. Average amplitude for the last 5 days: 164p (153p). On the first trading day of the new week, the pound sterling, following the euro, showed a strengthening. There were no good fundamental reasons for the strengthening […]
4-hour timeframe The amplitude of the last 5 days (high-low): 92p – 94p – 72p – 62p – 95p. Average amplitude for the last 5 days: 83p (77p). The EUR/USD currency pair continued its upward movement on Monday, December 17, which started at the end of Friday. Initially, it was interpreted as a correction, but […]
Last week, the pair continued to fall, and by the close of trading it was trading below the weekly KZ 0.6815-0.6829. This suggests the need to hold a short position until the next target zone Today, the test of NKZ 1/4 0.6815-0.6812 took place. If the pair continues to fall from the current levels, sales […]
Last week, the pair was quite volatile and was able to overcome the average value of the move three times in the flat range. This indicates the formation of a significant accumulation zone, where the main levels will be the previous week’s extremes. At the beginning of this week, the pair is trading in the […]
Cryptocurrency bull Tom Lee says bitcoin’s dismal price of roughly $3,400 is wrong because its actual fair market value is $13,800 to $14,800. The Fundstrat founder said he made the assessment by considering the number of active wallet addresses, usage per account, and supply metrics. “Fair value is significantly higher than the current price of […]
On behalf of XM, we are sending our clients our warmest greetings for the upcoming winter holiday season, and as the year 2018 is soon coming to an end, we also wish every XM client a Happy New Year in 2019 with health, fulfilment and success. Kindly view the trading and customer support hours during […]
According to the final data of the European statistical agency Eurostat, annual inflation in 19 eurozone countries fell from the October level of 2.2% to 1.9% in November (1.5% in 2017). Experts predicted that consumer price growth would be 2%. Annual inflation throughout the European Union slowed from 2.2% in October to 2% in November. […]
The news background will be abundant, so the new week promises to be fruitful for traders and will bring a lot of investment ideas. Today, there are data on inflation in the euro area, which traditionally have an impact on the euro due to the fact that they are one of the important parameters that […]
Traders fixed their attention at the most important event of the coming days, the Fed meeting. If the change in rates at the December meeting is clear, then the prospects for the future are vague. Traders can only assume and be content with rumors about a possible pause of tightening the Fed policy. The dollar […]
According to Baker Hughes, an oil and gas service company, over the past week, the number of operating oil drilling rigs in the United States has decreased by 4 to 873 units. As a result, America’s leadership position on this issue has been shaken, analysts say. According to experts, this figure is the minimum value […]
Platinum reversed from resistance level 805.00 Further losses are likely Platinum recently reversed down from the pivotal resistance level 805.00 (former support from the end of September). The downward reversal from this resistance level started the active medium-term impulse wave (3), which belongs to the longer-term downward impulse sequence from the start of November. Platinum […]
AUDCHF reversed from resistance area Further losses are likely AUDCHF recently reversed down from the resistance area lying between the key resistance level 0.7180 (former support from the middle of November) and lower trendline of the recently broken daily up channel from September (acting as resistance after it was broken). The downward reversal from this […]
Bitcoin has raised above the area of $3,350, after being corrective and bearish below the area for a few days. The price has recently increased above the $3,350 area, breaking through the dynamic level of 200 EMA. As of the current market scenario and the formation of Bearish Extreme Divergence for the sudden bullish momentum, […]
EURAUD is gaining ground on Monday, remaining above the 1.5710 level, the 23.6% Fibonacci retracement level of the upleg from 1.3620 to 1.6350. The advance in the price action is confirmed by the technical indicators. The RSI is heading upwards above the 50 level, while the stochastic oscillator is ready to create a bullish crossover between […]
To open long positions on the GBP / USD pair, you need: Buyers managed to stay above the support of 1.2570 in the first half of the day and try to consolidate above the resistance of 1.2616, which will lead to a larger uptrend and return of GBP / USD to a maximum of 1.2673, […]
To open long positions on EUR / USD pair, you need: Once again, weak statistics on the eurozone economy is ignored by traders but I don’t recommend hurrying with purchases at current levels. The decline in inflation and a weak report on foreign trade did not harm the euro. In the afternoon, the demand may […]
GOLD PRICES edged higher against a falling US Dollar Monday lunchtime in London as Western stock markets fell again ahead of key policy events in China and US and hedge funds showed their first net bullish positions in Comex gold futures and options since July, writes Atsuko Whitehouse at BullionVault. Recovering from an earlier […]
Since Mid-November, the GBP/USD pair failed to establish a successful bullish breakout above the price level of 1.2880 (the upper limit of the depicted consolidation range). On December 6, the GBP/USD pair failed to demonstrate a successful breakout above 1.2780 (79.6% Fibonacci). That’s why, a significant bearish decline was demonstrated towards the price level of […]
On the weekly chart, the EUR/USD pair is demonstrating a high-probability 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. Recent bearish consolidations have been maintained within the depicted daily movement channel since June 2018. On November […]
