On Monday, International Monetary Fund (IMF) released a report that lowered the world GDP forecast for 2018 and 2019. The body said that the economy would grow by 3.7% in 2018 which was lower than the previous 3.9%. The lowering of estimates was attributed to the ongoing trade conflict between the United States and China. […]
Gold has been an important metal for centuries. It has long been associated with value and prestige. Today, gold’s main use is for investments. In fact, most of the gold mined is usually bought by central banks like the Federal Reserve and investment companies. A small portion of this gold is used in the manufacture […]
“We have a Fed that’s doing political things. This Janet Yellen of the Fed. The Fed is doing political [sic] — by keeping the interest rates at this level. And believe me: The day Obama goes off, and he leaves, and goes out to the golf course for the rest of his life to play […]
As the United States widens its criticism of China beyond the trade spectrum, investors will be looking to Chinese trade figures due on Friday for possible signs that the Trump administration’s attacks on the country are starting to weigh on the economy. So far, Chinese export growth has held up well following the introduction of […]
NZDUSD has been neutral over the past week, developing within the 0.6495 high and the 0.6423 low. Meanwhile, the 20-simple moving average (SMA) is sloping to the upside and may record a bullich crossover with the 40-SMA in the 4-hour chart, suggesting some gains. The RSI indicator climbed above the 50 level with strong momentum, while the […]
Here are the latest developments in global markets: FOREX: The dollar index was down by almost 0.2% against a basket of six major currencies on Thursday, extending losses from the previous session. The yen was the best performer, advancing against all its major peers as risk aversion took hold, amid sustained worries around the trade outlook […]
EUR / USD pair Yesterday, strong mixed news came to the markets and there were a lot of them, including the aggravation of the situation around the Italian budget, the pessimistic IMF forecasts regarding the global economy, the fall in US government bond yields as a result of investor risk aversion and the news about […]
Gold price remains inside the trading range of $1,180-$1,210. Price is trying to make higher highs and higher lows. Bulls could see $1,220-40 area if we break above $1,207-11. Support so far is held but a break below $1,183 would be a bearish sign and could give Gold a push lower by at least 10$. […]
USDJPY has come under fresh selling pressure, creating five consecutive red days, following the touch on the 11-month high of 114.55. The pair tumbled below the simple moving averages in the daily timeframe, while it stands near the 23.6% Fibonacci retracement level of the upleg from 104.60 to 114.55, around 112.20. Earlier today the price recorded a […]
EUR/USD is showing more signs of strength as price is staying above 1.15. Short-term trend is about to change to bullish. EUR/USD has made a low very close to our target of 1.1420-1.14 and has reversed to the upside as we expected from our previous analysis. Red lines – bullish divergence EUR/USD formed a bullish […]
The main impact goes through the stock market with the index in Shanghai losing at some point 5.0%. Drops also affect the raw materials, but already on currency market nervousness is felt to a lesser extent. There is no one direct reason for market panic, or rather there is a fuss about China, high US […]
The Wednesday session was quite calm in terms of significant macroeconomic events. One of the most important publications was undoubtedly the revised data on the dynamics of the British Gross Domestic Product in September 2018. The latest Office for National Statistics data (UK statistics office) indicate that British GDP was 0.0% in September, compared to […]
The Wednesday session turned out to be tragic on Wall Street. All important indexes lost over 3% of the value: SP500 -3.29%, closing at 2,785 points Dow Jones Industrial Average -3.15%, closing at 25 598 points Nasdaq -4.08%, closing at 7,422 points For the first two indices, it was the largest one-day drop since February […]
The American technology giant IBM has officially launched a food tracking network, Food Trust, based on Blockchain technology. After 18 months of testing, the company disclosed this information in a press release. In the same communication, the corporation revealed that another large network – Carrefour – joins their ecosystem. A French company that serves more […]
Morning Report: 07.00 London Stock markets and the dollar index are rattled right now as investors fret over future rate hikes and Donald Trump warns that the Fed has ‘gone crazy’. Dollar pairs are enjoying the respite and making gains across the board. The EUR/USD is pushing higher for the third day in a row, […]
The break above resistance at 1.7847 told us that the corrective decline from 1.7929 had completed prematurely and a new impulsive rally towards 1.8030 and 1.8369 should be unfolding. Despite our expectation of a new impulsive rally towards 1.8030, we should be aware of the possibility of a more complex correction unfolding, but the minimum […]
Of course, EUR/JPY needed one last dip to just below 129.31, and we have seen a low at 129.21. This last decline occurred amidst divergence indicating a clear loss of downside momentum. To confirm that the blue wave (2) finally has completed, we need a break above minor resistance at 130.50. Once a break above […]
4-hour timeframe The amplitude of the last 5 days (high-low): 129 p-79 p-66 p-70 p-71 p. The average amplitude for the last 5 days: 83 p (84 p). Finally, a more or less favorable fundamental background begins to take shape for the European currency. First, yesterday Donald Trump once again spoke in a negative way […]
Minuette (h1) Euro vs US Dollar Previous review from 10/08/2018 16:51 UTC + 3. ____________________ Further development of the movement EUR/USD October 10-12, 2018 will be determined by the direction of the range breakdown: -> resistance level of 1.1500 (lower limit of ISL38.2 equilibrium zone of the fork of the operational scale Micro); -> support […]
AUD/USD Yesterday’s struggle of the US dollar with its European rivals, as well as an equally exciting struggle in the commodity markets eventually led to a weakening of the greenback, an increase in commodity prices and, as a result, the growth of the “aussie” by 24 points. Today, the price has reached the embedded trend […]
USD/CAD is currently residing inside the resistance area between 1.2950 to 1.3050 area after recovering the previous bearish gap. CAD is struggling amid downbeat economic reports that encouraged USD strength. Today US PPI report was published as expected at 0.2% increasing from the previous value of 0.1% and Core PPI also met expectation increasing to […]
The IMF presented its World Economic Outlook (WEO) on Tuesday, a survey that is released every six months, with economic activity estimates being updated in between. In its report, the organization stresses that downside risks to global growth have risen lately, with special mention made to threats stemming from intensifying trade tensions. Consequently, for the […]
EUR/JPY has been impulsive and non-volatile amid bearish pressure which led the price to reside at the edge of 129.50 support area with a daily close. ON the back of positive reports from the eurozone, EUR managed to push the price higher today but could not sustain the momentum it had throughout the day. Today […]
To open long positions on EUR / USD pair, you need: Updating the lows of the week and a quick return back to the side channel indicates the presence of large European currency buyers in the market. Today, we can consider new long positions after a decline and a formation of a false breakdown in […]
Wave pattern on the H4 chart: An incomplete wave of this scale forms the last part of the downtrend trend on D1 timeframe. Wave pattern on the H1 chart: From September 21, a new downward zigzag wave appears on the chart. A high wave level of movement indicates a transition to a larger scale. Wave […]
The yield of 10-year-old treasures, Italian bonds and the rate of the Chinese yuan, all these fundamental factors play today the “first fiddle” in determining the motion vector of the euro / dollar currency pair. In turn, these factors depend on the negotiation process between Rome and Brussels, as well as the US-China relations. One […]
The pound rose again strongly against the US dollar and managed to reverse its downward trend formed after the next increase in interest rates in the United States. UK and Brexit Rumors and talks that the EU and the UK have made progress in the Brexit negotiations have once again supported us. Whether this is […]
On Thursday at 1130 GMT the European Central Bank is scheduled to publish accounts of its latest policy meeting and in the absence of any major data releases the minutes could lend a helpful hand to the euro if policymakers appear overall more hawkish than Mario Draghi did in his press conference. However, risks surrounding Italy and its fiscal policy remain […]
JPMorgan stock price has reversed back below the mid-level of the Bollinger Band and at the 50-day simple moving average (SMA). The price seems to be in a sideways channel with resistance the 119.24 level and support the 112.55 barrier in the short-term Momentum indicators are pointing to a neutral bias in the short term with […]
4-hour timeframe Technical data: The senior linear regression channel: direction – up. The younger linear regression channel: direction – up. Moving average (20; smoothed) – up. CCI: 137.1769 The currency pair GBP / USD on October 10 continues to move up exclusively on rumors and expectations. In the near future, the UK will take a […]
