Over the past 24 hours, Bitcoin has lost 2 percent of its price against the US dollar, dipping below the $6,300 mark to $6,250. While cryptocurrency-only exchanges are demonstrating a price of $6,350 for Bitcoin due to the premium on BTC-to-USDT (Tether) pair, the actual price of Bitcoin remains at around $6,256. The volume of […]
U.S. President Donald Trump said he thinks there will be “a great deal” with China on trade, but warned that he has billions of dollars worth of new tariffs ready to go if a deal isn’t possible. “I think that we will make a great deal with China and it has to be great, because […]
Here are the latest developments in global markets: FOREX: Eurozone’s initial GDP growth estimate for the third quarter was rather disappointing, clocking in at 1.7% y/y, the lowest since Q4 2017. On a quarterly basis, expansion slowed unexpectedly to 0.2%, from 0.4% previously. Consumer confidence was confirmed at -2.7 in October, not far above the 1 ½ […]
Trading recommendations: According to the Daily time – frame, I found that BTC finally managed to get out of the 12-day balance and confirmed a further downward movement. Yesterday’s close was very confident and it suggests strong selling pressure on the market. My advice is to watch for selling opportunities. The downward target is set […]
Recently, Gold has been trading downwards. As I expected, the price tested the level of $1,219.15. According to the Daily time – frame, I have found weakness in the background and a broken support trendline, which is a sign that sellers are in control. I have also found a hidden bearish divergence on the RSI […]
Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.2754. According to the Daily time – frame, I found the bearish breakout of the 2-day balance, which is a sign that sellers are in control. The short – term trend is bearish and my advice is to go with direction […]
Overview: The NZD/USD pair fell from the level of 0.6542 towards 0.6503. Now, the price is set at 0.6539. On the H1 chart, the resistance of USD/CHF pair is seen at the level of 0.6542 and 0.6574. It should be noted that volatility is very high for that the NZD/USD pair is still moving between […]
More than 70 percent of American manufacturers operating in the south of China is rolling out plans for further investment and are preparing for a partial or full transfer of production to other countries since the trade war has already significantly reduced profits. American companies operating in China are confident that they suffer more from […]
The United States will become a key supplier of energy resources to meet growing demand worldwide, and technology and financing innovations will be geared towards increasing US oil and gas production in the next decade, the country’s chief energy engineer said. “In the next 5-10 years, we expect improvements in recovery and even doubling in […]
According to the calculations of the analytical agency Bernstein, oil exports from OPEC in the current month decreased by 0.8 million barrels per day, to 24.8 million barrels. This is the lowest since April 2017, experts emphasize. The lion’s share of cuts in oil supplies came from Iran, but it also touched Venezuela and Libya. […]
4h The bearish divergence at the CCI indicator allowed the EUR / USD pair to make a turn in favor of the American currency and resume the process of falling in the direction of the correctional level of 100.0% – 1.1303. New emerging divergences are not observed in any indicator. Fixing the pair on October […]
4h On the 4-hour chart, the GBP / USD currency pair reversed in favor of the US dollar and closed below the correction level of 76.4% – 1.2813, after the formation of a bearish divergence in the CCI indicator. As a result, on October 30, the fall in quotations can be continued in the direction […]
As a result of Monday, the US dollar received support, but according to the dynamics of its index, ICE as a whole remained in the “outset”, consolidating for the third day in a row. The behavior of the dollar can be explained by several reasons, both fundamental and situational. It still supports the process of […]
EUR / USD On Monday, good data on income and expenditure of consumers in the US in September came out. Personal income increased by 0.2% (the forecast was 0.4%), expenses coincided with expectations of 0.4%. The euro is a little hooked (-30 points), without changing the whole technical picture. Potential rising correction is still determined […]
GBP / USD The British pound is even closer on Monday to the control level of 1.12775, the consolidation under which will allow you to feel the strength to go to the strong nested line of the price channel in the area of 1.2620.The attack on the control level will coincide with the turn of […]
AUD / USD On Monday, the Australian dollar returned under the embedded trend line, having fallen by a general strengthening of the American dollar by 38 points, but this morning, the “Australian” decided to work out the construction data. Yesterday, sales of new homes in September showed an increase of 1.1%, this morning, the number […]
American indices were again under pressure at the end of the day, rewriting minimums from May to index S&P500 According to the results of the day losses amounted to 0.7%, although the amplitude of fluctuations remains elevated, reaching 3.8% in just a few hours. Spreading fixation of profit has put the quartet FANG (Facebook, Amazon, […]
Here are the latest developments in global markets: FOREX: The dollar is higher by 0.17% against a basket of six major currencies on Tuesday, building on the gains it posted yesterday as risk appetite deteriorated and investors sought the safety of the world’s reserve currency. The defensive yen surprisingly underperformed despite the general risk-off mood on […]
Dear colleagues. For the Euro / Dollar currency pair, the price is in a correction from the downward structure on October 16 and we expect further development of the downward trend after the breakdown of 1.1346. For the Pound / Dollar currency pair, the potential value for the bottom is considered the level of 1.2719, […]
Conflicting signals came from the US regarding trade relations with China. First, Bloomberg reported that the US is preparing import duties for other Chinese goods if the talks between the presidents Trump and Jinping in November will not bring a breakthrough. This hit the stock market and exerted downward pressure on the yuan. USD / […]
Gold price continues to move sideways below the $1,240 resistance. Price remains inside a bullish channel and a break above $1,233 would be the bullish signal we expect for a move towards $1,260-70. Parallel lines – bullish channel Blue line – short-term support trend line Gold price so far respects support levels. Any attempt to […]
EUR/USD got rejected yesterday at the medium-strength resistance area of 1.1420 and fell below short-term support of 1.1385. Prices remain below 1.14 in a bearish trend and as long as we are trading below yesterday highs, I remain short-term bearish as well expecting a break below 1.13. Black dots – medium strength resistance Red dots […]
GBPUSD has stabilized around the two-month low of 1.2775 reached on Friday and according to Stochastics the downfall is already overstretched and hence a rebound might be around the corner. The RSI though has not violated its 30 oversold limit yet and the MACD continues to strengthen to the downside below its red signal line, a sign […]
A hope for another shockingly good Amazon results, went into oblivion when the report of the second most important company in the world appeared yesterday. Although the consensus level was traditionally beaten at the level of profits, the investors turned out to be worse than the analysts’ expectations, which means that they turned out to […]
Wall Street ended last week very weak, today the Shanghai stock market has added another 2.0% and the correction in Europe is treated as a temporary moment of relief. The bag of problems is full and new risk factors are added instead. Yesterday in the morning, with the help of tabloid headlines, the market speculates […]
The German financial regulatory body wants international efforts to regulate the ICO, even though it is uncertain whether it will ever become something more than a “niche issue”, reports German financial newspapers. In an interview with the publication, Felix Hufeld, chairman of the Federal Financial Supervisory Authority, said that the German regulator remains hostile to […]
Technical outlook: The daily chart view for Dow Jones has been depicted here for a medium-term outlook. It is clear that a meaningful top is in place at 26,950/60 levels earlier and that the index has been dropping vigorously since then, forming lower lows and lower highs. Besides, note that Dow Jones almost hit its […]
EUR/NZD broke below support at 1.7393 telling us that the corrective decline from 1.7921 is still evolving and should move closer to support in the 1.7290 – 1.7300 area before completing red wave ii/. Resistance is now seen near 1.7400 and then at 1.7457. The later should be able to cap the upside for the […]
The break above minor resistance at 127.75 was the first good indication, that wave A had completed and wave B higher to at least 130.20 is developing. The final confirmation that wave A has completed and wave B is well underway will be seen upon a break above resistance at 128.44. We could see resistance […]
Morning Report: 07.00 London The dollar index is steady after making strong gains yesterday while the Dow Jones dropped more than 200 points at one point. Trump has toned down his trade war threats, helping the dollar and punishing the Chinese Renminbi to new lows. The dollar pairs are mixed this morning, with the AUD/USD […]
