Why is the US Dollar growing, and where is it heading

The American dollar has been showing growth during the last four weeks, managing to return to the annual highs area. After all, it had closed the Friday session at the highest level in 16 months. Despite the drawdown at the beginning of the week, caused by the traditional pressure on the currency due to pre-election […]

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Technical Analysis – EURUSD on a slippery slope; bears break the 1.1300 bottom

EURUSD had a bearish start on Monday, with the price breaking a crucial support at 1.1300 to drop towards 1.1267, the lowest since June 2017. The pair has also increased distance below its negatively sloped moving average lines and the Ichimoku cloud, indicating that the recent downtrend might hold for longer. Momentum signals are bearish […]

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Forecast for USD / JPY on November 12, 2018

USD / JPY On Monday morning, the yen is near Thursday close. small Friday decline today in the Asian session is almost played. The situation continues to rise steadily with the goal of 114.90 – the trend line of the price channel. Today, Japan’s producer price index for October showed a slight decrease from 3.0% […]

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Indicator analysis. Daily review for November 12, 2018 for the GBP/USD pair

Trend analysis (Fig. 1). On Monday, the price will move downwards, with the first target – a pullback level of 50.0% – 1.2935 (blue thin line). Upon reaching this level, you can move up. Rice. 1 (daily chart). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – […]

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Indicator analysis. Daily review on November 12, 2018 for EUR/USD pair

Trend analysis (Fig. 1). On Monday, the price will move down with the first target – support line of 1.1300 (blue thin line). Upon reaching this level, you can move up. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis – […]

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The forecast for EUR / USD for November 12, 2018

EUR / USD The Euro continues to decline. Not much remains to the target level of 1.1300. Fixing the price under it will open the next target which is 1.1200, followed by 1.1100. Today is a public holiday in the USA and Canada. The Euro is likely to remain in consolidation above 1.1300. The Marlin […]

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Fractal analysis of major currency pairs for November 12

Dear colleagues. For the currency pair Euro / Dollar, we are following the development of the downward cycle of November 7. For the Pound / Dollar currency pair, we are following the development of the downward structure from November 7 and we expect the continuation of the downward movement after the breakdown of 1.2910. For […]

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Weekly review from 12 to 17 November 2018 for EUR/USD

On the weekly chart, the price moved up and tested the retracement level of 1.485 (blue dotted line) and went down. A significant role in this was played by fundamental analysis. In the coming week, moving down after a re-test of the support line at 1.1297 (white thin line), it is possible to move upward […]

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Technical analysis: Intraday Level For EUR/USD, Nov 12, 2018

When the European market opens, some Economic Data will be released such as Italian Industrial Production m/m. Today, the US will not release any Economic Data, so amid the reports, the EUR/USD pair will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1385. Strong Resistance:1.1378. Original Resistance: […]

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Technical analysis: Intraday level for USD/JPY, Nov 12, 2018

In Asia, Japan will release the Prelim Machine Tool Orders y/y and PPI y/y, and the US will not release any Economic Data today. So there is a probability that the USD/JPY pair will move with a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 114.55. Resistance. 2: 114.32. Resistance. 1: […]

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Venezuela, Nazi Gold and BIS Account No.17

Maduro wants ‘his’ gold. London says ‘No’…   SO the DASTARDLY Bank of England is refusing to give Venezuela its gold back, writes Adrian Ash at BullionVault.   The government of Nicolás Maduro simply wants to take possession of what it still holds in London – some 14 tonnes of bullion bars apparently – because […]

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Bank of the United States shared the idea of earning a weak dollar

The US dollar will soon decline against the British pound and the euro area currency. This forecast was shared by analysts Morgan Stanley and told why under such circumstances, it is more profitable to sell one European currency against another. The dollar will weaken due to the fact that the level of political uncertainty in […]

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Canada disputes US changes to USMCA text

In September, negotiations on the revision of the terms of the agreement on the North American free trade area USMCA (formerly NAFTA) between the USA, Canada, and Mexico were completed. After a long period of disputes, the parties were able to resolve the main issues, and the agreement should be signed on the 30th of […]

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Experts: Gold has a good chance for growth

Analysts of the French bank Natixis believe that in the future, gold will have an excellent opportunity to grow against the background of a slowdown in the rise of the American economy and a weakening dollar. “We believe that the deterioration of economic indicators in the United States and the depreciation of the US currency […]

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Analysts: Oil quotes can still fly up to $ 100 a barrel

According to a number of experts, this year, black gold can still jump in price to $ 100 per barrel. “We believe that in the rest of the year, the oil market will most likely incline to an upward trend. In November-December, as a rule, an increase in demand for raw materials from the refinery […]

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Prospects for the USD after the election through the eyes of market authorities

Dollar bulls regained control of the market after the announcement of the results of the midterm elections in the United States. It took them only a day. The previously shaken greenback is being restored, the Fed meeting was without surprises. The rate was expectedly saved, there was no mention of the deterioration of macro statistics. […]

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$6 Billion Wiped Out of Crypto Market in 48 Hours: Where to Next?

Over the last 48 hours, since November 7, the global crypto market has lost $6 billion of its valuation as it dropped from $220 billion to $214 billion, while Bitcoin remained stable. On November 6, major cryptocurrencies including Bitcoin Cash (BCH), Ripple (XRP), Ethereum (ETH), Stellar (XLM), and Cardano (ADA) recorded large gains in the […]

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Saudi Arabia explores the possible disintegration of OPEC

The authorities of Saudi Arabia have ordered a large-scale study, during which experts carefully analyze the possible dissolution of OPEC. Note that this project involves the development of measures aimed at preventing the collapse of the cartel. Saudi Arabian State Research Center is exploring the possible impact of the collapse of OPEC on the oil […]

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Expert: It is difficult to remain “bull” on the dollar in the long-term

According to Keisuke Suzuki, an analyst from Societe Generale Tokyo office, in the near future, the dollar will be supported by rising yields on US government bonds against expectations of a further increase in interest rates by the US Federal Reserve. “After the completion of the so-called “mid-term elections”, the focus shifts back to macroeconomic […]

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Review of the foreign exchange market on 09/11/2018

Well, the Federal Reserve has ordered everyone to relax and have fun, because members of the Federal Commission on Open Market Operations see no reason to be concerned about the recent slowdown in inflation. According to them, there is no sign that inflation will not resume its growth, so there is no reason to revise […]

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FxPro: U.S. Markets Uncertainty As Positive Impulse For Crypto Market

Major cryptocurrencies show a decline of about 1% at the end of the week, however, based on the results of 7 days they are still in positive territory: Ethereum (ETH) adds a little less than 7%, XRP grew by more than 11%, Bitcoin Cash (BCH) raised more than 35 %. Among non-Top 10 ZCash (ZEC) […]

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GBP / USD. November 9. The trading system. “Regression Channels”. The pair rested on the MA, will it be able to overcome?

4-hour timeframe Technical details: The senior linear regression channel: direction – up. The younger linear regression channel: direction – down. Moving average (20; smoothed) – sideways. CCI: -39.4195 The currency pair GBP / USD on Friday, November 9, corrected to the moving average line. So far, the upward trend in the instrument, in contrast to […]

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EUR / USD. November 9. The trading system. “Regression Channels”. The dollar is growing again, what will be the actions of

4-hour timeframe Technical details: The senior linear regression channel: direction – down. The younger linear regression channel: direction – down. Moving average (20; smoothed) – down. CCI: -172.6993 The EUR / USD currency pair on Friday, November 9, resumed the downward movement. From a technical point of view, the correction took place and ended. Thus, […]

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Analysis of the divergence of EUR / USD for November 9. Eurocurrency falls again

4h The currency pair EUR / USD, after rebounding from the correction level of 61.8% – 1.1497, continues the process of falling in the direction of the correctional level of 100.0% – 1.1303. Quoting the pair on November 9 from the Fibo level of 100.0% will allow traders to expect a reversal in favor of […]

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Fractal analysis of major currency pairs for November 9

Dear colleagues. For the currency pair Euro / Dollar, the price is close to the abolition of the rising structure of October 31, for which a breakdown of 1.1344 is necessary. For the currency pair Pound / Dollar, the price is in the correction and the upward movement is possible after the breakdown of 1.3174. […]

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