Here are the latest developments in global markets: FOREX: Worse-than-expected CPI readings out of the UK drove sterling lower early in the European session after September’s data showed an annual inflation rate of 2.4%, below the consensus of 2.6% and under the previous mark of 2.7%. This is the lowest annual price growth in three months. Pound/dollar dropped by […]
AUDUSD is holding above the 32-month low of 0.7040 but remains under pressure as it has failed to climb above the 20-simple moving average (SMA) in the daily timeframe. The price is trying to post a bullish correction and may challenge again the long-term descending trend line, which has been holding since January 26. The technical picture supports that […]
Trading recommendations: According to the H4 time – frame, I found that Bitcoin is still in the short-term balance and that my last analysis is still active. The high of the balance is set at the price of $6.710 and the low of the balance is set at the price of $6.163. Most recently, I […]
Recently, the Gold has been trading sideways at the price of $1,226.00. Anyway, according to the H4 time – frame, I have found potential end of the downward correction (regular flat), which is a sign that selling looks risky. The short – term trend is bullish and my advice is to watch for a potential […]
Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.3124. According to the H1 time – frame, I found the breakout of the bearish flag and end of the upward correction (abc flat), which is a sign that sellers are in control. I also found that wave C didn’t break […]
Overview: The NZD/USD pair faces resistance at 0.6617, while strong resistance is seen at 0.6617. Support is found at 0.6543 and 0.6496 levels. Today, the NZD/USD pair continues to move downwards from 0.6617 level. The pair could fall from 0.6617 level to the first support around 0.6543. In consequence, if the NZD/USD pair will break […]
Overview: Bullish outlook. The USD/CHF pair continues to trade upwards from the level of 0.9875. The pair rose from the level of 0.9875 to a top around 0.9865. Today, the first resistance level is seen at 0.9865 followed by 0.9922, while daily support 1 is seen at 0.9743 (61.8% Fibonacci retracement). According to the previous […]
Risk appetite in the markets improved after strong increases on Wall Street on Tuesday. The SP500 rose on Tuesday by 2.15%, which was the best day since April and a sign of ending the correction. A manifestation of sentiment improvement helps continue growth in Asia. Japanese Nikkei225 grows 1.1% and Chinese Shanghai Composite gains 0.2%. […]
On Monday last week, the International Monetary Fund (IMF) released a report showing that the world economy would see a lower growth than had been expected. For 2019, the growth was lowered to 3.7% from the previous 3.9%. This was a big deal because previously, the expectations from investors was that the economic growth would […]
One of the most important roles of central banks is to ensure the stability of the financial sector. They do this by working closely with banks to ensure that they are well-funded. Another important role is to ensure that consumers are protected from high inflation, deflation, and stagflation. They do all this by using several […]
Here are the latest developments in global markets: FOREX: The dollar is higher by 0.1% against a basket of six major currencies on Wednesday, after ending the previous session practically unchanged. The British pound regained some poise yesterday, aided by encouraging UK wage figures and reports suggesting the EU is open to extending Britain’s Brexit transition […]
USD/CAD has been quite impulsive, making bearish swings since it bounced off the 1.3050 area with a daily close. CAD has been the dominant currency in the pair. Despite higher volatility in the trend structure, CAD managed to sustain the bearish pressure in the pair against USD. USD has been struggling in light of recently […]
Mary Daly, the head of the FED of San Francisco and a member of the FOMC, spoke at the question and answer session. Her comments indicate that there are no signs to stop interest rate increases. Inflation is at the target, and the level of full employment has been exceeded in the labor market. The […]
According to the Russian media magazine Vedomosti, investors in the interview confirmed the authenticity of the circular sent in early September to the participants of the initial monetary offer of the TON. In the circular, the company informed that the platform’s Blockchain component is currently under development and is ready in 70 percent. Once launched, […]
EUR/JPY has been quite volatile and corrective at the edge of 130.00 area from where the price is expected to sink lower in the coming days. JPY has been the dominant currency in the pair for a few days. If the reports from the eurozone do not come up with strong economic results, further bearish […]
The corrective decline from 1.7929 has extended lower to test the support line. This support line is expected to be able to protect the downside and cause a new impulsive rally in blue wave iii towards 1.8030 and later even higher to 1.8369. We see a clear loss of downside momentum near the support-line, which […]
EUR/JPY is finally showing signs that the correction in blue wave (2) has come to an end with the test of 129.12. To confirm this is the case, we need a break above resistance at 130.51, the finally will confirm that blue wave (2) is complete and blue wave (3) towards 138.10 has started unfolding. […]
NZDUSD has been comfortably rising since its drop to a 2 ½ -year low of 0.6423 on October 8. However, the recent upside has not violated the long-term downtrend yet and the pair remains bearish in the bigger picture, maintaining the lower lows and the lower highs off 0.7393 and below the Ichimoku cloud. In […]
Morning Report: 07.00 London The British pound is holding up relatively well, after average earnings came in above estimates yesterday. The EUR/GBP closed Monday’s opening gap higher yesterday, though finished off the lows around 0.8750. There is follow on selling this morning, with Brexit fears dampening economic optimism. Like other dollar pairs, the GBP/USD is […]
To open long positions on the GBP / USD pair, you need: The breakthrough of the resistance level at 1.3165, to which I paid attention in my morning review, led to a further increase in the pound. Now, testing of the support 1.3205 from top to bottom will be a good signal for the opening […]
Trend analysis (Fig. 1). On Tuesday, the price will move up with the first goal of 1.3258 on the upper fractal. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – neutral; – volumes – up; – candlestick analysis – up; – trend analysis – up; – Bollinger lines – […]
Trend analysis (Fig. 1). On Tuesday, the market will move up with the first target of 1.15599 at 38.2% (blue dashed line), and it is only possible to continue the upward movement with the subsequent goal of the upper fractal 1.1612 if a breakout occurs on this level. Fig. 1 (daily schedule). Comprehensive analysis: – […]
No matter how hopeless against the background of a strong dollar at the beginning of October, the position of gold did not look, for an infinitely long time to ignore the favorable external background precious metal could not. Trade wars, the growing probability of slowing the GDP of China and the world economy, the uncertainty […]
Published data on the UK labor market again raised the importance of soft Brexit in the context of monetary policy prospects. Experts started talking about the fact that in the event of a deal, the Bank of England may raise the rate twice next year, and for the first time in February. Earlier, a later […]
To open long positions for EURUSD, it is required: The market situation has not changed compared to the morning forecast. Trading remains in the side channel of 1.1534-1.1605. The formation of a false breakout in the support area of 1.1569 occurred, which led to the resumption of demand for the euro, but the main task […]
4-hour timeframe The amplitude of the last 5 days (high-low): 105 p-117 p-79 p-66 p-111 p. Average amplitude over the last 5 days: 96 PT (97 p). The British pound opened today with a large “gap” down, but managed to close it during the day. In principle, the technical picture of the last two days […]
Today in the afternoon (approximately at 15:30 London time) Theresa May will make an important statement in Parliament on the progress of the Brexit negotiation process. This is an unplanned speech of the British Parliament to the deputies – they knew nothing about it in the morning, so the pound reacted to this news with […]
The past weekend changed the mood of traders in many ways, so some currency pairs opened with a gap. Basically, the British currency suffered – together with the dollar, it was back again in the 30th figure. But the euro also felt the consequences of an informative weekend, sifting in almost all pairs (except for […]
Neither the speech of the President of the European Central Bank Mario Draghi, nor good economic data on the eurozone saved the European currency from a downward correction paired with the US dollar. The decline in the euro, which was observed on Friday, led to the formation of a fairly important lower limit of the […]
The Fed will release the minutes of its September meeting, where policymakers raised rates for a third time this year, on Wednesday at 1800 GMT. Investors may focus mainly on the discussion around how far above “neutral” officials are willing to raise rates. Considering current market pricing, a confident tone that reaffirms the Fed remains […]
