EUR/USD On Monday, the euro fell by 25 points. Canada joined the trade agreement on the updated NAFTA, now this association is called USMCA. And that’s a victory for Trump. The contract will be signed on November 29-30. Perhaps the strengthening of the dollar would have been more significant if economic indicators had not failed. […]
The downward movement of last week led to the formation of a pattern of absorption at the medium-term level. This indicates a change in priority to descending, which makes it possible to search for favorable prices for the sale at any growth. At the end of last week, the rate fell sharply by 2%, which […]
The dollar continues its triumphant march, at least against the single European currency. But the pound was able to hold on due to data on lending, which showed an increase in consumer lending from 0.8 billion pounds to 1.1 billion pounds. Also, the index of business activity in the manufacturing sector increased from 53.0 to […]
AUDJPY has posted a strong rebound from the 22-month low of 78.68 hit on September 7, making a higher high in the process. However, the pair hit a wall at just below the 82.50 level, putting into doubt the sustainability of the latest uptrend as technical indicators have since weakened. The RSI is pointing down, […]
Minute (Daily) Great Britain Pound vs US Dollar Previous review from 08/27/2018 15:25 UTC + 3. ____________________ Today, October 1, 2018, the GBP / USD movement is in the range of: -> resistance level of 1.3149 (lower limit of ISL 38.2 balance zone of the fork of an operational scale Minute); -> support level of […]
Today, the Australian dollar fell in the first half against the US dollar, diluting the extremely low volatility that has been observed for a long time in the AUD / USD currency pair. RBA decision The interest rate decision of the Reserve Bank of Australia went against some investor expectations, even though most economists agreed […]
Dear colleagues. For the currency pair Euro / Dollar, the price is near the limit values for the downward structure of September 24, in connection with which, we expect a rollback up. For the currency pair Pound / Dollar, the development of the main downward trend of September 20 is expected after the breakdown of […]
As the UK’s ruling Conservative Party wraps up its annual conference on Wednesday, the nation will also see the release of its services PMI at 0830 GMT. Forecasts suggest the UK’s largest sector cooled a little in September, which may prove somewhat negative for the pound. That said, the currency’s overarching driver will be any […]
At today’s meeting, the Reserve Bank of Australia did not impress traders with its rhetoric. The tonality of the accompanying statement was rather negative, despite the absence of obvious “failures” among the key macroeconomic indicators. The reaction of AUD / USD was appropriate. On the one hand, the bulls of the pair had to leave […]
Yesterday’s weak data on the American economy failed to put pressure on the US dollar, which continued to strengthen against risky assets, especially against the European currency. A report by IMF Managing Director Christine Lagarde led to the euro selling off in the afternoon, after the global economic outlook was revised downward. Basic data According […]
4-hour timeframe Technical data: The senior linear regression channel: direction – down. The younger linear regression channel: direction – up. Moving average (20; smoothed) – down. CCI: -102.0403 The British pound sterling also continues to fall in price, and interesting news continues to come from the UK. First, an anonymous source from the Conservative Party […]
4-hour timeframe Technical data: The senior channel of linear regression: direction – sideways. The younger linear regression channel: direction – up. Moving average (20; smoothed) – down. CCI: -109.4216 The currency pair EUR / USD on Tuesday, October 2, continues the downward movement as if nothing had happened. Yesterday was not remarkable in terms of […]
The conclusion of a new USMCA trade agreement between the United States and Canada has noticeably reduced tensions on world markets, since one uncertainty factor has decreased, and many investors have interpreted this news as a likely model for reaching agreements between the States and China. The foreign exchange market reacted to this news with […]
GOLD PRICES rose against all major currencies but leapt versus the Euro on Tuesday as the coalition government in Italy refused to cut its 2019 budget deficit plans in defiance of senior European Union figures. Gold priced in US Dollars rose to 1-week highs above $1202 per ounce, and the UK gold price in […]
Gold prices have consolidating within a sideways channel since August 17, with upper boundary the 1212.50 resistance level and lower boundary the 1180.60 support barrier. It is worth mentioning that the price jumped above the 20- and 40-simple moving averages (SMAs) in the 4-hour chart with strong movement. The RSI indicator is moving north above […]
Here are the latest developments in global markets: FOREX: The US dollar index was trading bullish on Tuesday (+0.35%), posting 1-month highs at 95.70, while dollar/yen weakened to 113.76 (-0.15%) after an impressive rally towards the more than a 10-month high of 114.06 on Monday. The Canadian dollar, which surged to four-month highs yesterday in the wake […]
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 […]
West Texas Intermediate (WTI) futures advanced to a fresh four-year high earlier today, reaching the 75.88 resistance level. However, price action is at the moment taking place below this peak, losing its strong positive momentum. The MACD oscillator is flattening in the bullish area, while the RSI indicator is sloping downwards in the overbought zone, suggesting an overstretched bias. If […]
Trading recommendations: According to the H1 time – frame, I found that price broke intraday upward trendline in the background, which is a sign that sellers are in control. I also found potential ending of the upward correction (abc zig-zag), which is another sign of weakness. I expect lower price and potential testing of $6.294 […]
Overview: The GBP/USD pair dropped sharply from the level of 1.3056 towards 1.2950. Now, the price is set at 1.2959. On the H4 chart, the resistance is seen at the levels of 1.3056 and 1.3176. Volatility is very high for that the GBP/USD pair is still expected to be moving between 1.3000 and 1.2811 in […]
Overview: As expected, 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 […]
Recently, Gold has been trading upwards. The price tested the level of $1,194.00. According to the H1 time – frame, I found a potential end of the larger downward correction (regular flat), which is a sign that buying positions are favorable. I also found the breakout of the supply trendline in the background, which is […]
Recently, the AUD/USD has been trading downwards. The price tested the level of 0.7171. According to the H1 time – frame, I found the end of the upward correction (irregular type 2) in the background, which is a sign that sellers are in control. I also found the breakout of the key support trendline in […]
The Euro is lower across the board and it attracts risk aversion, because problems with the budget of Italy attract attention, especially with comments that Italy would be better with its own currency. Until investors find a better topic for discussion, we may have to wait for a temporary period of turbulence. The buzz around […]
During the 2016 election campaign, Donald Trump talked about many things. Most importantly, he talked about immigration and trade. On trade, he derided large trade agreements as being detrimental to the United States. He promised to end the Trans Pacific Partnership on his first day on the job. He did. He then talked about the […]
The Reserve Bank of Australia (RBA) released the monetary policy statement today. As expected, the bank left interest rates unchanged at 1.50% and signalled that the low interest policy will remain for the foreseeable future. All the 25 economists polled by Bloomberg said that they expected the rates to remain unchanged. The last time the […]
In the third quarter, the markets around the world were mixed. This was because of the vast amount of news and data that came through during the quarter. In the United States, the DOW, Nasdaq, and the S&P gained by 9.4%, 9%, and 7.5% respectively. In Europe, the DAX, and the Stoxx gained by 1%, […]
Here are the latest developments in global markets: FOREX: The dollar is up by 0.23% against a basket of six major currencies on Tuesday, looking set to post gains for the fifth session in a row. The loonie was an outperformer, with news that the US and Canada reached a new NAFTA accord lifting the risk […]
The session in Asia was unchanged with the help of a holiday in China and India. The RBA’s decision did not bring any surprises. In general, the dollar is strengthening against pressure on risky currencies due to disturbing comments from Italy. Just before the start of trading in Europe, the sale of risk currencies is […]
The Prime Minister of Malta, Joseph Muscat, used his opportunity to speak at the UN to comment on the potential of Blockchain and cryptocurrencies, calling them an unavoidable part of the digital future.In a speech during a general debate at the 73rd session of the UN General Assembly, Muscat raised the subject of the Malta […]
