Data on the growth of US inflation were frankly weak. All components of today’s release were in the red zone, showing a systemic decline. CPI is slowly sliding down after reaching its peak in July (2.9% yoy), reaching 2.3% in September. On the eve of the release, experts predicted a slowdown in inflation indicators, but […]
4-hour timeframe The amplitude of the last 5 days (high-low): 79п – 66п – 70п – 71p – 65п. The average amplitude over the past 5 days: 70P (83P). On Thursday, October 11, the main topic of discussion is the collapse of the US stock market. However, we believe that the collapse of the dollar […]
4-hour timeframe The amplitude of the last 5 days (high-low): 120п – 119п – 105p – 117п – 79п. The average amplitude over the past 5 days: 108p (112p). The British pound also continues its upward movement. In addition to all the reasons for the fall of the US dollar listed in the EUR/USD article, […]
The European currency maintains its gradual growth amid fears related to the US stock market, which also puts pressure on the US dollar. The minutes of the ECB Today’s report of the European Central Bank since the last meeting on monetary policy supported the European currency, even though it was about debt problems. In the […]
This week, the medium-term accumulation zone is being formed, where the main goal of growth is the upper limit of the weekly short-term at 0.7180. Work within the medium-term accumulation zone is the basis for building today’s trading plan. Purchases from the lower border of the NKZ 1/2 0.7065 are the most profitable, as the […]
Yesterday, an upward reversal pattern was implemented, and the rate reached the upper limit of the weekly short-term of 1.3195. The implementation of the priority upward pattern made it possible to close some of the purchases opened at the previous day’s trading session. The rest can be taken to breakeven and held until the test […]
Bitcoin impulsively sank below $6,500 area which was quite a bit of a surprise for the bulls. As the price is residing above $6,000 area currently, the bullish bias is still valid in the market. However, after the impulsive crash below $6,500 area, the price is currently correcting itself with no sign of any Bullish […]
USD/CHF has been quite impressive with the recent bullish momentum which lead the price to reside above 0.9850 area with a daily close. The price dipped a bit lower this week due to worsethan-expected economic reports recently in the US which dented the overall gains of USD against CHF. After the recent rate hike from […]
JPMorgan Chase and Citigroup, the largest and fourth-largest US banks by market capitalization correspondingly, will be among corporations kicking off the Q3 earnings season for big financials. The two will be releasing their quarterly results before Wall Street’s opening bell on Friday. Analysts’ consensus recommendation for both is “buy”, which matches the average recommendation for the […]
AUD/JPY moved higher quite impulsively today despite an impulsive bearish daily close recently below 80.50 area. AUD strengthened against JPY thanks to positive economic data and events, held today. On the other hand, JPY is struggling to gain momentum despite upbeat reports as well. AUD was being dominated by JPY since the price bounced back […]
AUD/USD has been quite indecisive and volatile after breaking below 0.7150 area with a daily close recently. USD has been the dominant currency in the pair since the recent rate hike. USD is expected to gain further momentum against AUD in the long run though certain AUD pressure may be observed in the coming days. […]
The US dollar fell against the European currency and other assets yesterday amid the largest drop in US stock markets. There is also a sharp increase in the yield of the US government bonds, which indicates the outflow of capital from the markets. The Dow Jones Industrial Average fell by 831 points, or 3.2%, to […]
Following the defeat on the stock markets of the United States and Asia on Wednesday in the red zone and European markets opened. The stock exchanges in Germany, France, and the UK are losing from 2 to 3%, the demand for defensive assets, primarily government bonds, has sharply increased, which is also reflected in a […]
4-hour timeframe Technical details: The senior linear regression channel: direction – up. The younger linear regression channel: direction – down. Moving average (20; smoothed) – up. CCI: 135.6125 The currency pair GBP / USD on October 11 continues a confident upward movement based on rumors that the Brexit talks will end with the conclusion of […]
To open long positions on the GBP / USD pair, you need: Today, the pound buyers need to keep the level of 1.3184, where the 30-day moving average is located. the formation of a false breakdown around 1.3217 will be a direct signal to buy the pound in order to reach the highs of 1.3269 […]
4-hour timeframe 4-hour timeframe Technical details: The senior linear regression channel: direction – sideways. The younger linear regression channel: direction – down. Moving average (20; smoothed) – sideways. CCI: 168.9320 The technical picture of the EUR / USD instrument has changed. The price has fixed above the moving average line, so the trend has changed […]
Crude oil prices have pulled back in recent days, unable to capitalize on hurricane-related supply disruptions in the US, as the broad-based risk aversion in the markets and concerns over a potential slowdown in China dwarfed everything else. For oil to resume its broader rally it may require fresh and major supply disruptions beyond Iran, […]
4h After the formation of a bullish divergence at the CCI indicator, the EUR / USD currency pair has completed growth to the correctional level of 50.0% – 1.1558. Rebounding quotes from the Fibo level of 50.0% will allow traders to count on a reversal in favor of the American currency and a slight drop […]
4h The currency pair GBP / USD continues the process of growth in the direction of the correction level of 38.2% – 1.3316 after the formation of a bullish divergence in the CCI indicator. The end of October 11 quotations from the Fibo level of 38.2% will allow traders to expect a reversal in favor […]
It seems that investors around the world are beginning to understand that not only the ten-year economic cycle comes to an end after the collapse of 2008, which could end with the start of a new recession, but that the instigation of US trade conflicts has already begun to bring this process closer. On Wednesday, […]
Dear colleagues. For the Euro / Dollar currency pair, the price is close to the cancellation of the downward structure of October 3, for which a breakdown of 1.1564 is necessary. For the Pound / Dollar pair, we should continue the upward movement after passing by the price of the range of 1.3181 – 1.3211. […]
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 (recent bearish engulfing weekly candlestick). On September 10, the price level of 1.1500 offered temporary bullish recovery. Quick bullish movement was demonstrated towards the upper limit of the price range (1.1750). […]
GOLD PRICES touched a 3-week high of $1210 per ounce in London trade Thursday as global stock markets fell yet again and the US Dollar retreated once more on the currency market. Commodities also fell, with crude oil dropping to new lows for this month at $81 per barrel of Brent but silver edging […]
Citigroup stock price has edged aggressively lower during the last couple of trading days, recording a significant sell-off session on Wednesday. Prices broke below the mid-level of the Bollinger Band and the 40-day simple moving average (SMA), approaching the lower Bollinger Band. Also, the stock printed a new one-month low near 69.87, below the short-term […]
For the first half of the day, the dollar was not only doing well but keeps on trying to strengthen. Although the growth rate of industrial production in the UK accelerated from 1.0% to 1.3%, the pound at least had a reason for growth. But all the same, the dollar confidently gained points in anticipation […]
GBP / USD pair Yesterday, the UK showed weak economic indicators for August and the US stock market lost more than 3 percent. Yet, the pound took advantage of the general weakening of the dollar while investors were assessing the criticality of the moment. The British GDP for August showed zero growth against expectations of […]
Here are the latest developments in global markets: FOREX: Dollar/yen was barely moving around 112.22 after dropping to 111.95 early on Thursday as US 10-year Treasury yields weakened to 3.15% from 3.24% on Wednesday. Trade worries were also weighing on investors appetite despite China’s Commerce Ministry saying Beijing is open for dialogue with Washington. US […]
Overview: The NZD/USD pair dropped from the level of 0.6540 to bottom at 0.6483 nowadays. Today, the NZD/USD pair has faced strong support at the level of 0.6483. So, the strong support has been already faced at the level of 0.6483 and the pair is likely to try to approach it in order to test […]
Overview: 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 moving around […]
