Netflix’s earnings report for Q3 2018 will be made public after Tuesday’s closing bell on Wall Street. The consensus recommendation for the company is “buy”, which is in line with the average consensus recommendation for the Online Services peer group. The provider of subscription-based streaming services is anticipated to have made $0.68 in earnings […]
New Zealand inflation data for the third quarter will be made public at 2145 GMT on Monday, probably giving impetus to the Reserve Bank of New Zealand’s hopes that inflation will rise towards the midpoint of its target. The kiwi lost significant ground lately against the greenback, becoming the worst performer among G10 currencies during the past month after aussie. While an upbeat […]
With optimism around a Brexit deal being wrapped up this week receding, markets could turn their attention back to economic data on Tuesday at 0830 GMT, when the UK will release its latest employment figures. After that, sterling’s fortunes will likely be tied to how the crucial EU summit commencing on Wednesday plays out, and […]
Friday last week marked the beginning of the third quarter earnings season. As always, the first companies to release their earnings were Citigroup, JP Morgan, and Wells Fargo. As it has been throughout the year, the companies’ results were better than traders had expected. This was attributed to the continued strength of the US economy […]
GOLD PRICES rose in London trade Monday, touching its highest Dollar price since late-July as world stock markets extended last week’s steep falls. Rising to $1233 per ounce, gold prices set multi-month highs against most major currencies, reaching €1065 for Eurozone investors and £936 in Sterling as talks between the UK and European Union […]
On September 13, the depicted daily downtrend line which came to meet the pair around 1.3025-1.3090 failed to offer enough bearish pressure on the pair. Since then, the GBP/USD pair has been demonstrating a successful bullish breakout so far. On September 21, the GBP/USD failed to demonstrate sufficient bullish momentum above 1.3296. The short-term outlook […]
On the weekly chart, the EUR/USD pair is demonstrating a high-probability Head and Shoulders reversal pattern where the right shoulder is currently in progress. On September 10, the price level of 1.1500 offered temporary bullish recovery. A quick bullish movement was demonstrated towards the upper border of the price range (1.1750). However, the EUR/USD bulls […]
IBM stock price lost significant ground in the preceding week, plunging to a new more than three-month low of 138.64. However, the technical view suggests a possible retracement in the daily timeframe. The RSI indicator is sloping up in the oversold zone, while the %K line of the stochastic oscillator posted a bullish crossover with the […]
Here are the latest developments in global markets: FOREX: After starting the day with a gap down at 1.3082, pound/dollar managed to turn positive during the early European session, rallying to 1.3170 (+0.12%) mainly due to a weaker dollar. Brexit uncertainties continued to linger in the background as the talks between Brexit negotiators failed to break the […]
Trading recommendations: According to the 4H time – frame, I found that Bitcoin has been trading upwards. As I expected, the price tested the level of $6.719 and reached my second target from Friday at $6.496. So far, I have found the market started to balance and I have found a balance high at $6.718 […]
Recently, the GBP/JPY pair has been trading downwards. As I expected, the price tested the level of 146.50. According to the H1 time – frame, I found a fake breakout of the 15-day low at the price of 146.93, which is a sign that potentially the sellers might got trapped. My advice is to watch […]
EUR/USD is currently quite impulsive with the bullish gains after impulsive bearish pressure recently from 1.1600 area with a daily close. While USD is struggling amid worse-than-expected economic reports, EUR gained momentum without any macroeconomic data today. After the downbeat CPI report published last week which decreased to 0.1% from the previous value of 0.2%, […]
Recently, the EUR/USD pair has been trading upwards. As I expected, the price tested the level of 1.1610. According to the H1 time – frame, I found the breakout of the bullish flag pattern in the background, which is a sign that buyers are in control. The price rejected from the Fibonacci retracement 38.2% at […]
Gold reached a fresh near three-month high of 1230.33 today, continuing the aggressive bullish rally that started in the preceding week. The price successfully surpassed the narrow 1180.60 – 1212.50 range that had been holding since August 20, suggesting further upside moves in the near term. Having a look at the technical indicators, in the 4-hour chart, the RSI surged to overbought territory […]
Overview: Pivot: 0.7107 The AUD/USD pair faced resistance at the level of 0.7146, while minor resistance is seen at 0.7107. Support is found at the levels of 0.7043 and 0.6980. Also, it should be noted that a daily pivot point has already set at the level of 0.7107. Equally important, the AUD/USD pair is still […]
UK100 stock index (FTSE 100) has been under severe pressure over the past two weeks, tumbling to a 6 ½-month low of 6920.60 last Thursday. While the MACD and the RSI have somewhat improved in the four-hour chart, with the former gaining strength above its red signal line and the latter inching above its 30 […]
Here are the latest developments in global markets: FOREX: The dollar is marginally higher on Monday against a basket of six major currencies (+0.07%), extending the gains it recorded in the previous session. The safe-haven Japanese yen is the best performer among the G10 currencies, as a diplomatic rift between the US and Saudi Arabia is […]
Gold price remains in a short-term bullish trend. After the break out above the trading range its been in for the last couple of months, Gold price consolidated above $1,215 and is now trying to break to new short-term highs. Green lines – long-term bearish channel Red lines – trading range Blue lines – projected […]
EUR/USD is showing reversal signs in the 4-hour chart. Price has reversed to the upside from 1.1432 and is now trading above short-term resistance (now support) at 1.1530. Green dots – medium strength support Dark green dots – maximum strength support EUR/USD is bouncing relative to the decline from 1.1815 to 1.1432. So far we […]
EURUSD found resistance at 1.1600 on Friday, turning back inside the Ichimoku cloud and under its 20 and 50-day (simple) moving averages (MA) early on Monday. The short-term bias looks neutral to bearish as the RSI moves sideways around its 50-neutral mark and the MACD is fluctuating in negative territory but close to its red signal line. The […]
On Monday, the 15th of October, the event calendar is light in important data releases, but the global investors should pay attention to the data from the US in form of Retail Sales, NY Fed Empire State manufacturing Index and Federal Budget Balance. One more important data will be released form Canada in the form […]
Christie’s auction house announced the introduction of a system of registration of artistic transactions on Blockchain. The decision is only the latest example of how technology is used in the world of art. The company plans to sell many large works of art from one of the richest private American collections from the last century. […]
EUR/NZD has made a new corrective low at 1.7704, which indicates a more complex correction in blue wave ii is developing towards support at 1.7649 from where a new impulsive rally towards 1.8030 and 1.8369 is expected. Only a break above 1.7842 will indicate that the correction in blue wave ii has completed and blue […]
Short-term important resistance at 130.51 rejected Friday’s attempt to break above this pivot point. The clear loss of downside momentum (positive divergence on the RSI) calls for a corrective low and a new impulsive rally soon. The only question is whether a final dip to 129.00 is needed or not? We do not think it’s […]
When the European market opens, the eurozone’s economic calendar is empty. However, the US will release a batch of economic data such as Treasury Currency Report, Federal Budget Balance, Business Inventories m/m, Empire State Manufacturing Index, Retail Sales m/m, and Core Retail Sales m/m. So, amid the reports, EUR/USD will move with low to medium […]
In Asia, Japan will release the Revised Industrial Production m/m. The US will release a series of economic data Treasury Currency Report, Federal Budget Balance, Business Inventories m/m, Empire State Manufacturing Index, Retail Sales m/m, and Core Retail Sales m/m. So, there is a probability the USD/JPY will move with low to medium volatility during […]
Morning Report: 07.00 London The British pound is under pressure as the weekend’s Brexit talks reached a stalemate, potentially scuppering the prospect of an orderly transition. The GBP/JPY has dropped below its monthly long trading range. The GBP/USD happed lower, with 1.3100 holding as support for now. The EUR/GBP jumped higher, building on the last […]
At the beginning of the week, investors believed that the price of crude oil would continue to rise. This is because they expected the crude oil supplies to continue decreasing as the sanctions on Iran neared. They also expected the amount of crude oil inventories to reduce. However, things changed when the price of WTI […]
In the third quarter, the USD was among the best-performing currencies. As it rose, it left victims behind. Most of these victims were the emerging market currencies like the Indian Rupee, Indonesian Rupiah, Turkish Lira, and Argentina Peso. While the developed countries currencies fell, the declines were not as pronounced as those of the emerging […]
Recently, the AUD/USD pair has been trading upwards. The price tested the level of 0.7133. According to the H1 time – frame, I found a breakout of the intraday ascending triangle in the background, which is a sign that buyers are in control. My advice is to watch for buying opportunities. The upward take profit […]
