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 […]
4-hour timeframe Technical data: The senior linear regression channel: direction – sideways. The younger linear regression channel: direction – down. Moving average (20; smoothed) – down. CCI: 27.5011 The second trading day of the week was not much different from the first. The currency pair EUR / USD, having no fundamental support, started a new […]
4h The formation of a new bullish divergence on the current chart allowed the EUR / USD currency pair to make a new reversal in favor of the European currency and consolidation above the correction level of 61.8% – 1.1497. As a result, on October 10, the growth process can be continued in the direction […]
4h The GBP / USD currency pair reversed in favor of the British currency after the formation of a small bullish divergence in the CCI indicator. As a result, a new growth began in the direction of the correctional level of 38.2% – 1.3316. New emerging divergences October 10 is not one indicator. Rebounding the […]
Yesterday, the dollar continued to strengthen steadily, although no macroeconomic data came out. Of course, partly market participants are preparing for the release of data on inflation in the US, for which the expectations are rather optimistic. The story with Brexit also contributed to the investor sentiment. The leader of the Scottish nationalists said that […]
Hong Kong is a city with more than 7 million people. It is one of the most densely populated cities in the world with a population of 6,300 per square kilometre. It is also one of the most important financial cities in Asia. The importance of Hong Kong is mostly because of its history as […]
The GBP/USD pair jumped in the Asian session today as traders gained confidence that the UK would reach a deal with the EU on Brexit. Yesterday, reports emerged that a new deal would be reached as early as on Monday. The UK voted to leave the EU in 2016. Since then, the tough decision has […]
All historical manuscripts show that people have always been involved in commerce. It started with barter trade which involved exchanging one good for another. In many civilizations, gold then became the means of exchange. As the 19th century ended and as globalization started to become common, gold was adopted as the main means of exchange. […]
ETHUSD has lost its negative momentum as it weakens over the last couple of weeks, remaining above the 165.00 support and below the 249.80 resistance. Technically, the RSI indicator is moving sideways in the negative territory, while the MACD oscillator is flattening above the trigger line but stands below the zero line in the daily timeframe. Also, the price […]
Dear colleagues. For the Euro / Dollar currency pair, the development of the downward structure of October 3 is expected after the price passes the range of 1.1431 – 1.1414. For the Pound / Dollar currency pair, the upward structure of October 4 is considered as a medium-term structure. For the currency pair Dollar / […]
To open long positions on GBP / USD, you need: Open long positions on the pound for the breakdown of the resistance level of 1.3173 is possible only after the publication of a good report on the growth of the UK economy, the output of which is scheduled for today in the morning. In this […]
As a result of Tuesday, the dollar fell against all major currencies without exception in the foreign exchange market. Continuing tensions in the markets, as well as statements by Fed members that it is necessary to continue the process of raising interest rates, did not support the US currency rate. We can explain the decline […]
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 pair failed to demonstrate sufficient bullish momentum above 1.3296. The short-term […]
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. A quick bullish movement was demonstrated towards the upper limit of the price range […]
EURJPY has struggled near the 38.2% Fibonacci retracement level of the upleg from 124.90 to 133.10, around the 130.00 handle and over the last couple of hours edged higher, touching the 20-simple moving average (SMA) in the 4-hour chart. The positive movement is further supported by the RSI, which is moving north in the negative zone, while the MACD […]
GOLD PRICES failed to hold a rally above $1190 per ounce for the second day running in London trade Wednesday, dropping back as the US Dollar rose and world stock markets fell again amid fresh worries over Italy’s government deficit and the UK’s impending Brexit from the European Union. The Chinese Yuan held its […]
Here are the latest developments in global markets: FOREX: The British pound unlocked fresh two-week highs against the US dollar at 1.3184 but it soon fell to 1.3136 after GDP growth readings out of the UK missed a forecast of 1.6% y/y, showing instead an expansion of 1.5%. July’s mark, though, was revised upwards, from […]
Trading recommendations: According to the H1 time – frame, I found that price did fake breakout of the support ($6.361), which is a sign that sellers got trapped. I also found potential end of the downward correction (abc flat), which is another sign of strength. My advice is to watch for potential buying opportunties on […]
Recently, the EUR/USD pair has been trading sideways at the price of 1.1488. According to the H1 time – frame, I found a breakout of the key supply trendline in the background, which is a sign that buyers are taking control. I also found the successful test of the supply after the breakout, which is […]
Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.3184. According to the H4 time – frame, I found the end of the downward correction (irregular flat), which is a sign that buyers are in control. I also found the breakout of the supply trendline in the background and the […]
US inflation data as gauged by the consumer price index (CPI) will be made public on Thursday at 1230 GMT. Headline CPI growth is expected to ease to its lowest since March on a yearly basis, though combined with the rise in underlying price pressures as measured by the core CPI, that’s unlikely to pose any threats to […]
Here are the latest developments in global markets: FOREX: The dollar index is fractionally lower on Wednesday (-0.06%), after finishing the previous session down as well, weighed on by a slight pullback in US bond yields. The British pound outperformed, as fresh media reports amplified optimism that a Brexit deal may be reached by next week. […]
Gold price remains trapped inside the trading range. Gold price got back in the bearish long-term channel and continues to move sideways. Green lines – bearish long-term channel Red lines – short-term trading range Gold price has remained inside the trading range yesterday as well. Price is very close to the lower range boundary and […]
EUR/USD made new lows yesterday at 1.1432 very close to our target area of 1.14-1.1420. EUR/USD bounced above 1.15 afterwards. There are high chances that the bearish trend is complete and a new up trend has started. However for this to be confirmed we will need more signs of strength. Orange dots – medium strength […]
On Wednesday, the 10th of October, the event calendar is busy with important data releases. Market participants should focus on the UK data release: GDP, Industrial Production, Manufacturing Production and Visible Trade Balance. The other important data will be released from the US in form of PPI and PPI Core figures. There are spechees scheduled […]
Overnight, Japan published the data on machine orders in September. The data (Japan machinery orders received from the private sector excluding volatile orders) beat the market participants expectations, in monthly terms, the increase was 6.8% instead of the expected decline of 3.9%. Year to year, orders grew by 12.6% with 1.8% forecasts. The high value […]
