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 […]
The euro-dollar pair continues to fluctuate in a fairly wide price boundary, reacting to a controversial fundamental background. Emotions about the decline in the US price index for personal consumption expenditures somewhat subsided, after which the focus of market attention shifted to European events. Germany and Italy were once again heard and in a negative […]
The triumph of the dollar. This is the only way to describe the results of the past week. Especially if you judge by the pound, which suffered the most. And this suggests that a significant contribution to the strengthening of the dollar was made by the UK. This is not surprising, as everything points to […]
Important upcoming events and publications (GMT): 8:55 The number of unemployed in Germany has been almost continuously decreasing for more than 4 years. This trend changing can have an impact on EUR, and weak data can undermine confidence in the economic prospects of the Eurozone, where Germany remains the growth engine. 10:00 The first estimate […]
The dollar rose against a basket of major currencies and consolidated close to a 10-week high after data showed that US economic growth slowed less than expected, and global economic outlook deteriorated. The US currency found support as investors demand riskier assets weakened against the backdrop of a sharp drop in global stock markets. Anxiety […]
Trend analysis (Fig. 1). On Monday, the price will move down with the first goal at the support line of 1.2740 (red thick line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – neutral; – volumes – down; – candlestick analysis – down; – trend analysis – down; – […]
Trend analysis (Fig. 1). On Monday, the downward trend is expected to continue with the first goal at the support line of 1.1274 (orange thick line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – neutral; – volumes – down; – candlestick analysis is neutral; – trend analysis – […]
The euro continues to trade in the side channel paired with the US dollar on Monday, October 29. In the first half of the day, the pair fell after the results of the elections for The Christian Democratic Union of Angela Merkel in the land of Hesse, where the financial sector of Germany is mainly […]
4-hour timeframe The amplitude of the last 5 days (high-low): 108 p-133 p-123 p-123 p-65 p. Average amplitude for the last 5 days: 110 p (124 p). On Monday, October 29, the euro barely fulfilled the Kijun-sen line, and the pound was unable to do so. On the one hand, there were no fundamental grounds […]
4-hour timeframe The amplitude of the last 5 days (high-low): 94 p-55P-98p-77 p-85 p. The average amplitude for the last 5 days: 82 p (85 p). The EUR/USD pair ended the first trading day of the week with an attempt to resume a downtrend. Traders have tried several times to overcome the critical Kijun-sen line, […]
The euro strengthened its position after the release of data on the US economy for the 3rd quarter, which differed from experts’ forecast for the better, but turned out to be worse than the same indicator in the 2nd quarter of this year. Statements made by representatives of the European Commission on the Italian budget […]
…only someone had a good story… “ANYONE asks, this is no time to reveal we work in the gold market,” recalls Adrian Ash at BullionVault. Boston has a long history of radical demos, protests and outright mobs. Ahead of this year’s LBMA conference, we stumbled into one outside City Hall on Sunday morning […]
Privacy-focused Zcash, currently worth just over $110 per coin, has completed a network upgrade dubbed “Sapling” that it says will vastly improve transaction speed as well as reduce the actual size of transactions themselves. Zcash hopes that this will make mobile and other types of transactions more common and feasible on the network, saying it […]
USDCHF rising inside impulse wave 3 Further gains are likely USDCHF has been rising in the last few trading sessions inside the short-term impulse wave 3, which started earlier from the strong support level 0.9850 (which reversed the price multiple times in June and July). The active impulse wave 3 belongs to the medium-term impulse […]
Sugar reversed from key resistance area Further losses are likely Sugar recently reversed down from the key resistance area lying at the intersection of the strong resistance level 14.00 (monthly high from February) and the upper daily Bollinger Band. The downward reversal from this resistance area stopped the earlier medium-term impulse wave (C) – which […]
Which is handy, cos few others are… THANKS no doubt to someone smoking something to celebrate the Red Sox winning the World Series last night, the gold industry gathered here at the Boston Park Plaza got woken by a false fire alarm at 5am Monday, writes Adrian Ash of BullionVault. Is this month’s […]
There’s been little good news for the beleaguered Eurozone economy lately and GDP numbers due on Tuesday are not likely to change that trend. Eurostat will publish the euro area’s preliminary flash GDP estimates for the three months to September at 10:00 GMT, where another quarter of lacklustre growth is being predicted. The euro, which […]
The regulator of the Dutch financial markets (AFM) stated that it is preparing for a 20-fold increase in financial operations occurring on its infrastructure if Britain leaves the European Union in March without any agreements. AFM noted that, although banks are moving their operations to Frankfurt and Paris, and asset managers to Luxembourg and Dublin, […]
German Chancellor Angela Merkel will not run for the post of head of the Christian Democratic Union (CDU), which she has led since April 2000. She stated this today at a meeting of the Presidium of a political organization in Berlin. This message is transmitted by the n-tv and Welt TV channels, referring to high-ranking […]
Gold is currently flirting with the 50-period moving average line in the four-hour chart after the pullback from the five-month high of 1243.31, a potential support area as the Stochastics are ready to post a bullish cross below 20 in oversold territory. The RSI though suggests that the market might trade in a range in […]
According to a number of experts, at the moment, the cost of oil in the global market will depend on the strategy chosen by the United States and Iran. On Monday, October 29, oil quotes of reference varieties remain within the level fixed last Friday. However, despite the growth of Friday’s trading, at the moment, […]
Retail sales rose in September for the 11th consecutive month, but the growth rate slowed down compared to the previous month, which suggests that private consumption may not be strong enough to avoid a slowdown in economic growth. The data also showed an unexpected decline in exports in September, which led to a noticeable slowdown […]
