To be honest, the dollar should continue to lose its position, as the volume of consumer lending in the United States fell from $ 22.9 billion to $ 10.9 billion. Moreover, although European statistics showed a decline in a number of indicators, the data turned out to be better than expected. In particular, the growth […]
In May 2017, a college student based in the US invested $5,000 in Ethereum (ETH), when the digital asset was worth around $50. Within merely months, the price of ETH skyrocketed from $50 to $1,281 at its peak, as the cryptocurrency market achieved a valuation of $800 billion. With a base return of 25-fold, having […]
China reported stronger-than-expected exports for October as shippers rushed goods to the United States, its biggest trading partner, seeking to beat higher tariff rates due to kick in at the start of next year. Import growth also defied forecasts for a slowdown, suggesting Beijing’s efforts to cushion the cooling economy may be slowly starting to […]
On Wall Street a definite continuation of the rebound, under which the contract for the SP500 recovered 2800 points. The price of oil remains in the vicinity of months-long mines established yesterday and lying around 20 percent. below the long-term peaks of early October. The dollar in the second part of yesterday’s session made up […]
USDJPY continues to rise above the 113.40 key level and is set to complete the fifth bullish day in a row today, stretching its upward tendency to a fresh high. According to the MACD oscillator, positive momentum could push for further gains in the short-term as the indicator picks up steam above its trigger line. […]
EUR/USD has reached our lower range of the target area of 1.15-1.16 and pulled back strongly. Price is now trading in the area of previous resistance that is now support. EUR/USD has the potential to move higher as long as price does not break below 1.1375. Light blue dots – medium strength support Dark blue […]
Gold price challenged the recent highs once again yesterday but got rejected once again. Price pulled back towards its recent lows and the 61.8% Fibonacci retracement support. Price holds above short-term support. No clear trend in the short-term yet. Price moves sideways between $1,236-$1,220. Magenta rectangle – major support Blue rectangle- short-term support Red rectangle […]
Yesterday, there was a test weekly CP of 1.1504-1.1486. This allowed to close part of the buy position which opened on November 5. Further growth remains a priority because the pair is trading above the defining support area. Yesterday’s test of the weekly short circuit caused a decrease in the course. However, an upward impulse […]
Burning forecast 08.11.2018 All eyes on the Federal Reserve. The US elections were held with the result “both yours and ours” – Trump strengthened his position in the Senate, the Democrats won Trump’s House of Representatives The US stock market went up. But the foreign exchange market is undecided. The EURUSD exchange rate’s jump to […]
Theresa May, the British Prime Minister, gathered senior ministers last night to discuss the only unresolved issue in the Brexit-Irish border deal. But now, this formulation sounds somewhat softer – control over goods crossing the Irish border. According to rumors, the result can be achieved with Brussels today. But if today doesn’t work out, then […]
Morning Report: 07.00 London The dollar index remains on the back foot this morning, giving dollar pairs a moderate boost. The GBP/USD continues to hold gains on Brexit hopes despite the lack of concrete progress in recent days. The EUR/USD is struggling though after falling back yesterday. The EUR/GBP is drifting lower again as a […]
Democrats celebrate the expected victory: for the first time in the last 8 years, they gained a majority in the House of Representatives, “winning” the Republicans’ advantage in 17 States of the country. Republicans, in turn, have to settle for little – they kept the majority in the Senate, while strengthening its presence – at […]
The weakening of the US dollar following the results of the midterm elections in the United States became a catalyst for the strengthening of gold. The victory of the Democrats in the House of Representatives increases the risks of a political impasse associated with the problems of passing the legislative initiatives of the Donald Trump […]
4-hour timeframe The amplitude of the last 5 days (high-low): 58 p-116 p-84 p-71 p-47 p. The average amplitude for the last 5 days: 75 p (75 p). The European currency has received support because of the results of the elections to the US Congress. The Democratic party won a majority in the House of […]
Oil prices fell on Wednesday, continuing their recent slide after surging U.S. crude output hit another record and domestic inventories rose more than expected. In early trade, prices had risen after a report that Russia and Saudi Arabia are discussing whether to cut crude output next year. Then the U.S. Energy Information Administration reported that […]
4h On the 4-hour chart, the GBP / USD currency pair continues the growth process and completed the close above the Fibo level 61.8% – 1.3066. Thus, the growth of quotations can be continued on November 7 in the direction of the correction level of 76.4% – 1.3157. Rebounding the course of the pair from […]
The market is optimistic about the conclusion of an agreement on Brexit, against this background, the pound shows growth, and analysts predict a further strengthening of the course. Sterling this month scored about 3% of the cost and went above $ 1.31. Paired with the euro, it went up by 1%, reaching 87.24 pence. However, […]
AUD/USD has been quite impulsive with recent bullish gains which lead the price towards 0.7300 resistance area from where certain bearish pressure might be observed in the coming days. Despite the unchanged Cash Rate and neutral economic readings, AUD gained momentum while USD is struggling fundamentally. Recently Australian AIG Services Index report was published with […]
Analysts of one of the largest banks in Sweden, Skandinaviska Enskilda Banken (SEB), believe that a little more than a week is left before the resumption of the rally in the oil market. “We expect that by this time, the speculative sale, which is based on the behavior of US stocks, will end, and the […]
The cost of Brent crude on the world market moved to an increase to $ 73.50 a barrel after falling to $ 71.30 the day before. Quotes of American oil WTI rose to $ 62.77 per barrel. The driver of their rise was the message that OPEC + is discussing the possibility of reducing oil […]
To open long positions on GBP / USD, you need: Buyers continue to push the pound up. The breakthrough of the level of 1.3133 and consolidation above allows us to count on the continuation of the upward trend with the update of the maximum near 1.3186 and 1.3233, where I recommend fixing the profit. In […]
To open long positions on EUR / USD, you need: Buyers worked the morning support level of 1.1430, which I paid attention to in my morning forecast, and now, they are trying to gain a foothold above the resistance of 1.1473. A test of this level from top to bottom on the volume will be […]
The power in the House of Representatives passed into the hands of the Democrats. This not only split the Congress, but also returned hope for the return of “old America”. The Republicans won the Senate, taking Indiana, North Dakota from their opponents, and took one empty seat in Tennessee. The dollar is stunned and retreats […]
The pound rally against the backdrop of growing optimism regarding Brexit is so confident that it can ignore some serious risks. There are high chances that the appreciation will be further developed if British lawmakers sign an agreement, while the reason for a recession may be the refusal of parliament to approve the deal. Then […]
Most Wall Street economists predict that the US Federal Reserve (Fed) at the next meeting, which will be held November 7-8, will leave the interest rate unchanged (at 2-2.25%), but will give a signal of readiness to increase it in the last month of this year. Experts estimate the probability of a rate hike in […]
The euro could not find support in stronger macroeconomic statistics for the euro area. According to economists, the volume of production orders in Germany should have been reduced by 0.5%, but instead it rose by 0.3%. Also, the Euroblock business activity index was revised upwards due to increased activity in the German services sector. In […]
Last week, Angela Merkel announced that in December, she intends to resign as the head of the Christian Democratic Union (CDU). However, she noted that she plans to remain the head of the German government until the next parliamentary elections, which will be held in 2021. At the moment, the question of a possible successor […]
As it happened more than once before, on the eve of the day, the pound sterling grew due to hopes regarding the deal on the UK leaving the European Union (EU). At the same time, when the Laborists excluded the possibility of voting on the transaction, the pound changed its motion vector. However, having lost […]
EUR/JPY has been quite impulsive and non-volatile with recent bullish gains which led the price to reside above 130.00 area currently. Amid lackluster economic reports from Japan, EUR gained momentum despite mixed economic data as well. EUR has been struggling amid the Italian crisis of the Budget Deficit which is currently being tackled, but things […]
Trading recommendations: According to the H1 time – frame, I found that BTC is trading sideways at around $6.477. I see the potential for the downward correction and my advice is to watch for potential selling opportunities if you see a valid break of the support at the level of $6.457. The breakout of the […]
