Yields of 10-year US Treasury bonds jumped yesterday 12 bps to 3.18%, and today added another 5 bp. Such a high-interest rate has not been since 2011. In the case of 30-year-olds, the 30-year peaks have been established at 3.38 %. The unprecedented move came from the interruption of the overall calmness in which the […]
British Prime Minister, Theresa May, will meet representatives of the European Union for a joint dinner on October 17. According to commentators, it is then that the finalization of the Brexit agreement will be finalized, which could be signed by both parties a month later. The May administration would like to ratify the Secession Agreement […]
Wave counting analysis: During the trading on October 3, the GBP / USD currency pair lost another 40 percentage points. Thus, the estimated wave c, 4, continues its construction, despite the elongated appearance. An unsuccessful attempt to break through the 76.4% of Fibonacci level can lead to the completion of the construction of this wave. […]
Wave counting analysis: During the Wednesday’s trading, the EUR / USD currency pair lost another 70 percentage points more. Thus, it confirms the option in which the instrument moved to the stage of building a new downtrend trend, at least a three-wave one. If this is true, then in the near future, the pair should […]
To open long positions on GBP / USD, you need: Yesterday, British Prime Minister Theresa May once again called for support for her Brexit plan. While trading is conducted above the support level of 1.2926, buyers will be active, but the main task is to break down and consolidate above the resistance level of 1.2970, […]
To open long positions on EUR / USD, you need: The euro collapsed on Wednesday evening after the Fed chairman announced that it was still far from the level of neutral interest rates, hinting at their further increase. Currently, customers can only rely on the formation of a false breakdown with a divergence on the […]
4-hour timeframe Technical data: The senior linear regression channel: direction – sideways. The younger linear regression channel: direction – up. Moving average (20; smoothed) – down. CCI: -121.8195 The currency pair GBP / USD on October 4 continues its downward movement. The demand for the US currency is already quite high now, but the pair […]
4-hour timeframe Technical data: The senior linear regression channel: direction – sideways. The younger linear regression channel: direction – sideways. Moving average (20; smoothed) – down. CCI: -152.9550 The EUR / USD currency pair, after the minimal upward correction, resumed a strong downward movement and completed the Murray level “4/8” – 1.1475. Retail sales for […]
Despite the fact that at the beginning of this week, the States announced the resumption of the negotiation process with China on customs duties in December of this year. Yesterday’s news that US Vice President M. Pence sharply criticized China in his upcoming speech, saying that he intervened in the results of elections in the […]
GBP / USD The British pound continued to decline yesterday, under pressure from the dollar. Also, Services PMI for September showed a decline from 54.3 to 53.9. Technically, the price goes down along the balance line for the third day. Without a decisive breakthrough of this line and further the Kruzenshtern line, the pound retains […]
AUD / USD The Australian dollar accelerated down in earnest. Yesterday, the activity index in the service sector from AIG showed an increase in September to 52.5 from 52.2, but construction permits for August decreased by 9.4% against expectations of an increase by 1.0%. Today, the trade balance in August increased from $ 1.548 billion […]
Dear colleagues. For the Euro / Dollar currency pair, the potential for a downward movement is limited by the level of 1.1414. In general, we expect a rollback to the top. For the currency pair Pound / Dollar, we are following the downward structure from September 20. At the moment, we are expecting a movement […]
The US 500 index posted considerable gains in recent weeks, trading above a medium-term uptrend line drawn from the lows of April 2, as well as above the 50- and 200-day simple moving averages (SMAs), signaling that the outlook remains positive. The index touched a fresh all-time high of 2940.7 on September 21, and came […]
USDCHF staged a remarkable comeback after touching a six-month low of 0.9541 on September 21. In fact, the pair has not experienced a down day ever since, something which amounts to eight straight days of gains, and is currently trading around 400 pips above that nadir. Moreover, it touched a one-and-a-half-month high of 0.9926 earlier […]
GOLD TRADING in London saw prices tick higher against all major currencies on Thursday, recovering the $1200 mark for US investors as world stock markets slipped amid fresh geopolitical tensions between the US and China, and Russia and Europe. “China wants a different American president,” US vice-president Mike Pence will say in a speech […]
Commodities had a rough third quarter. This was mostly because the third quarter saw the trade escalations rise. The US and China imposed tariffs worth more than $267 billion. It was also a quarter that saw the US president start a spat with the allies like Canada and European Union. All these issues affected the […]
The US dollar continued to rise after the Fed statement last week. Yesterday, the upward trend continued after Automatic Data Processing (ADP) released the private payrolls for September. The data was upbeat. In the month, the economy created more than 232K jobs which were higher than the expected 187K. Soon afterwards, the Institute of Supply […]
NZDUSD reached a new 32-month low of 0.6482 earlier on Thursday after the aggressive selling interest that started after the slip below the 0.6600 psychological level. Currently, the pair is moving slightly higher, confirming the upside slope from the RSI indicator in the oversold zone. However, the MACD oscillator is strengthening its negative momentum below the trigger and […]
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. However, on H4 chart, the market failed to maintain its uptrend within the depicted bullish channel […]
Despite all the hopes of investors that the new government of Italy will still change its plan to increase the budget deficit for 2019, as well as the talk that the European Union may influence the above decision, it quickly disappeared after the statements made the night before. Eurozone As it became known, the Italian […]
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). Recently, the price level of 1.1500 offered temporary bullish recovery. Another bullish movement was demonstrated towards the upper limit of the price range (1.1750). However, the […]
AUD/JPY has been impulsive with the bearish pressure recently after rejecting the 82.00 area with a daily close. AUD has been the dominant currency in the pair earlier before JPY started the gain momentum despite AUD having positive economic results throughout this week. AUD has been performing quite well in light of the economic reports […]
Here are the latest developments in global markets: FOREX: The US dollar retreated by 0.33% to 114.16 against the Japanese yen on Thursday after topping at 114.54 on Wednesday, the highest in 11 months. Following yesterday’s positive US data and hawkish comments from Federal Reserve Chairman Jerome Powell, US 10-year government bond yields spiked as high […]
The euro has retreated by about 8% from its three-year peak scaled back in February when it briefly touched $1.2555. At the time, the outlook for the Eurozone economy was looking increasingly positive and political uncertainty appeared to be receding. However, since the spring, economic indicators out of the Eurozone have consistently fallen short of […]
Trading recommendations: According to the H1 time – frame, I found a breakout of the bearish flag pattern in the backgorund, which is a sign of weakness. Most recently, I found that another intraday bearish flag is in creation and my advice is to watch for a potential breakout of the support trendline to confirm […]
Recently, the GBP/USD pair has been trading sideways at the price of 1.2970. According to the H1 time – frame, I found a fake breakout of the yesterday’s low at the price of 1.2940, which is a sign that selling looks risky. I also found the hidden bullish divergence on the MACD oscillator, which is […]
The US jobs report for September due on Friday at 1230 GMT is undoubtedly the week’s data highlight. Despite the prominence of the release and barring a significant deviation from expectations, the numbers are unlikely to alter the US central bank’s monetary policy outlook. Still, some near-term volatility in dollar pairs is likely to emerge […]
Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1463. According to the M30 time – frame, I found potential end of the downward movement. The price broke the supply trendline in the background, which is a sign that buyers are in control. I also found that price rejected from […]
The EUR/USD pair continues to move downwards from the zone of 1.1620 and 1.1559. Yesterday, the pair dropped from the level of 1.1620 to 1.1500 which coincides with a ratio of 38.2% Fibonacci on the daily chart. Today, resistance is seen at the levels of 1.1559 and 1.1620. So, we expect the price to set […]
Overview: The NZD/USD pair fell from the level of 0.6539 to bottom at 0.6483 yesterday. 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 […]
