The pound made a profit, even when the underlying economic data was weaker than expected, as the market preferred to focus instead on signs of progress at the Brexit talks. The currency strengthened on Monday after the Sunday Times reported that Prime Minister Theresa May had made concessions from Brussels to allow her to keep […]
4-hour timeframe The amplitude of the last 5 days (high-low): 62 p-117 p-130 p-276 p-89 p. Average amplitude for the last 5 days: 135 p (130 p). The “Golden days” came for the pound sterling. As it failed to properly adjust, the pound sterling began to increase again, however, it was not yet possible to […]
For anyone concerned about bitcoin losing another 4 percent in October to post its third straight monthly loss, it’s worth comparing that loss to those seen by traditional financial markets. By standard measures, last month was the worst on Wall Street since the 2008 financial crisis. The Nasdaq lost 9.2 percent, the Dow Jones Industrials, […]
British Prime Minister Theresa May has made concessions from Brussels that will allow Britain to remain in the customs union and thus avoid the most difficult issue of the Brexit talks, the subject of the Irish border. Now, the customs border will not be held either between Ireland and Northern Ireland, nor between Northern Ireland […]
The renewed sanctions against Iran that existed before the signing of the Joint Comprehensive Action Plan on the Iranian nuclear program in 2015 came into force this night. Under the sanctions in the first place will fall the oil industry of Iran, as well as banking, shipbuilding, and shipping. In addition to the Islamic Republic […]
Iran will sell its oil, despite American sanctions that have affected the vital sectors of the local economy, energy and banking, said Iranian President Hassan Rouhani. “America wanted to cut oil sales in Iran … but we will continue to sell our oil … breaking sanctions,” Rouhani said on state television live. The United States […]
The dollar fell on Monday after three consecutive weeks of growth, investors took profits on the eve of US elections, the result of which could trigger a new rise in volatility in world markets. Despite the sale of the dollar in the second half of last week, hedge funds increased net long positions to the […]
To open long positions on EUR / USD, you need: Buyers failed to get out of the resistance range of 1.1408 in the first half of the day, and it seems that they are about to give up support 1.1373. Only the formation of a false breakdown at this level will be a signal to […]
To open long positions on GBP / USD, you need: Weak data on the service sector in the UK, whose growth slowed down last month, led to a decrease in the pound in the first half of the day, but buyers managed to stay above the support level of 1.2969, which is a very good […]
The Australian dollar paired with the US currency last week jumped to multi-week highs, trying to gain a foothold in the 72nd figure. The reason for this breakthrough was the strong data on the growth of the trade surplus in Australia against the background of the growth dynamics of the manufacturing sector in China. Today, […]
Die yourself, and help out a friend. Not succeeding by the end of October, the British pound extended a helping hand to the critical support of $ 1.13 euros, thanks to the improved political landscape and the hawkish rhetoric of the Bank of England. The successes of the bulls on GBP / USD could be […]
GOLD PRICES slipped Monday lunchtime in London as European stock markets held a small gain, shrugging off another day of equity losses in Asia as a busy week began for trade, sanctions and monetary politics, writes Atsuko Whitehouse at BullionVault. Even as the US Dollar index retreated from last week’s 17-month high against a […]
The Reserve Bank of Australia will make an announcement on monetary policy on Tuesday at 0330 GMT and it is certain that policymakers will choose to keep interest rates at record lows for the 26th consecutive month. Some discomfort however is expected regarding recent weakness in economic data, while escalated global risks could be another reason to hold […]
Here are the latest developments in global markets: FOREX: The dollar’s index against a basket of currencies reversed earlier losses to trade marginally higher on the day. The British pound continued to outperform on the back of rising hopes for a Brexit deal, though it reversed a considerable portion of earlier gains against both the dollar […]
Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1367. According to the H1 time – frame, I have found the potential end of the upward correction (expanded flat abc) in the background, which is a sign that buying looks risky. Most recently. I found the breakout of the intraday […]
NZDCHF broke resistance area Further gains are likely NZDCHF continues to rise inside after the earlier breakout of the resistance area lying between the resistance level 0.6650 (former support from July), daily up channel from September, 100-day moving average and the 38.2% Fibonacci correction of the previous downward impulse from April. The breakout of this […]
Natural Gas broke key resistance level 3.330 Further gains are likely Natural Gas opened this week with the upward gap which broke through the powerful resistance level 3.330 (which stopped the two previous waves (iii) and (b) in October – as can be seen below). The breakout of this resistance level continues the active short-term […]
Dash on Sunday surged as much as 13 percent against the US Dollar as supposed stablecoin tether (USDT) lost over 4 percent of its value. The DASH/USD pair closed yesterday at 155.90-fiat while continuing to its slow upside momentum. Today’s Asian session witnessed the pair erasing its recent gains and forming intraday lows towards 152.78-fiat. […]
Major cryptocurrencies including Ethereum, Bitcoin Cash, and Litecoin have increased by more than 5 percent in value over the last 24 hours. The cryptocurrency market has started to demonstrate signs of recovery, as the daily trading volume of large digital asset trading platforms has increased over the past week. Bitcoin Cash in specific has seen […]
After the best week in years for a number of Asian stock markets — following the worst month in years for many — the region’s equities traded on a down note Monday amid profit-taking after surges late last week. Japan’s Nikkei NIK, -1.55% closed down 1.5% after its best week since mid-2016, following Friday’s declines […]
Overview: Pivot: 0.9951. The USD/CHF pair continues to move upwards from the level of 0.9951. Today, the first support level is currently seen at 0.9951, the price is moving in a bullish channel now. Furthermore, the price has been set above the strong support at the level of 0.9951, which coincides with the daily pivot […]
Overview: Pivot point: 1.3053. The USD/CAD pair continues to move upwards from the level of 1.3053. Last week, the pair rose from the level of 1.3053 (the level of 1.3053 coincides with a ratio of 61.8% Fibonacci retracement) to a top around 1.3140. Today, the first support level is seen at 1.3053 followed by 1.3003, […]
Recently, the AUD/USD pair has been trading sideways at the price of 0.7195. Anyway, according to the M15 time – frame, I have found a potential end of the upward correction (regular flat abc), which is a sign that buying looks risky. The short- term trend is bearish and my advice is to watch for […]
Trading recommendations: According to the H1 time – frame, I found a potential end of the downward correction (expanded flat abc), which is a sign that selling looks risky. The level of $6.346 is the key short – term support and my advice is to watch for buying opportunities around this level. The upward target […]
Trading Plan 05/11/2018 Overall picture of The: the OTHER to Fed and by important events. Since November 5, the United States resumed sanctions against Iran. However, the Europeans and China are still holding the agreement with Iran. It will make it possible to decide whether or not to go for it. to overcome the resistance […]
Wave pattern graphics H4: On the beginning of June 19, the bearish wave forms a stretched plane on the graph. In the daytime wave, this section became a correction (B).This section has become a correction (B). Wave pattern graphics H1: Wave design from October 3 forms a downward zigzag. The wave lacks the final part […]
4h On the 4-hour chart, the Monday trading session began above the correction level of 50.0% at 1.2995. A fixation below the Fibo level of 50.0% will allow traders to rely on the reversal of the pair in favor of the US currency and a slight decline in the direction of the correctional level of […]
GBP / USD pair There are no data points for the US employment rate of 44 points. The intersection point of the correlation of the correlation of the curve with the indicator. It can be deepened to the Fibonacci level of 38.2% at 1.2910. The correction may decline to the support of the MACD line […]
Trend analysis (Fig. 1). On Monday, an upward trend is expected with the first target of 1.1449 – 21 average EMA (black thin line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – down; – candlestick analysis – down; – trend analysis – up; – […]
AUD/USD In the past two days, the Australian dollar added more than 180 points. The price came out of the 10-month price channel that is moving down, and now it has acquired a new look: Apparently, the “aussie” decided to take part in a big financial game on the occasion of the elections to the […]
