EUR / USD Friday’s cautious growth, which we expected, turned out to be extremely cautious, having passed into the moderate fall of the euro. News agencies focused on the news about the possible introduction by President Trump of increased tariffs on Chinese goods worth $ 200 billion. Retail sales in the United States failed, the […]
GBP / USD Last Friday, the pound was under pressure from the strengthening of the US dollar and news that the Labor Party intends to vote against the government’s Brexit project. But the decrease was small, 37 points, it could not change the technical picture, the price on the four-hour chart is still confidently above […]
• Sugar reversed from resistance zone • Further losses are likely Sugar recently reversed down from the combined resistance zone lying between the key resistance level 11.70, upper daily Bollinger Band, resistance trendline of the daily down channel from March and the 61.8% Fibonacci correction of the previous downward impulse 1 from May. The downward […]
• EURAUD reversed from support zone • Further gains are likely EURAUD recently reversed up with the daily Japanese candlesticks reversal pattern Hammer from the support area lying between the strong support level 1.6140 (former major resistance from March and April) and the upper trendline of the daily up channel from August. The upward reversal […]
The biggest news this week will be about trade. On Saturday, the Wall Street Journal reported that the Trump administration was ready to implement fresh tariffs on Chinese goods worth $200 billion. The news dashed the hopes of a compromise deal between the US and China that rose last week. In response to the threat, […]
EURUSD has declined considerably after touching the 38.2% Fibonacci retracement level of the upleg from 1.0340 to 1.2550, near 1.1708. The pair remains neutral since the end of August, trading between 1.1530- 1.1720. In the short-term, consolidation is likely to stay in place as the RSI continues to move around its 50 neutral level and the MACD […]
Here are the latest developments in global markets: FOREX: The US dollar is down by a marginal 0.05% against a basket of six major currencies on Monday, largely holding on to the safe-haven gains it recorded in the previous session as concerns regarding an escalation in US-China trade row resurfaced. There was little movement elsewhere […]
EUR/USD has pulled back towards its support at 1.16-1.1630. EUR/USD is most probably back testing the break out area and should bounce from current levels. I’m bullish as long as we trade above 1.16. Red line – broken resistance Dark blue line – short-term support Green line- Medium-term support Blue dots – medium strength support […]
Gold price continues to move sideways between $1,210 and $1,190. Trend is bearish as price remains below the Daily Kumo. Price is also trapped between the kijun- and tenkan-sen indicators. Green lines – sideways trading range Gold price could bounce today towards the upper range boundary at $1,213 where we also find the Daily cloud […]
The new week starts with a discussion about the future of trade wars, where the US can still announce new import duties on Chinese goods today, and China is reluctant to return to talks. However, financial markets have not shown any major commotion yet, which can be partially explained by the holiday in Japan. On […]
The US labor market is growing the fastest in history – last week, the markets got to know the results of the July report of the American Bureau of Labor Statistics regarding JOLTS surveys, which examine the number of open jobs, employment, layoffs and net changes in the overall market condition. The forecasts assumed that […]
Morning Report: 07.00 London This morning, markets are rangebound as traders await the opening salvos of Trump’s China trade tariff decisions. Friday saw a surge in interest for the dollar, despite poor retail sales data. This morning, the dollar is unwinding a small part of those gains, helping dollar pairs to push higher. The AUD/USD […]
Asian markets have turned to a decline with a renewed force. After the rebound of last week, the index MSCI Asia ex Japan loses 1.2% and is only 1.5% above the 14-month lows. Futures for S&P500 have returned to 2900 area, lost 0.4% from Friday’s intraday highs. The pressure on the markets increased after reports […]
In spite of large price fluctuations of ETH and the recently announced downfall of the Ethereum project, its developers are working at full speed. The Ethereum system upgrade, announced last year, is to be officially launched on October 8. During the meeting on September 31, in which developers, miners and investors took part, updates were […]
Startup for cryptographic payments Circle conducted a survey this week with more than 3,000 people, who showed that the majority of Millenials are considered “aggressive” investors. Members of other demographic groups, including Generation X and Baby Boomers, also took part in the survey. The platform used Survey Monkey to collect results, but only published responses […]
When the European market opens, some economic data will be released such as German Buba Monthly Report, Italian Trade Balance, Final Core CPI y/y, and Final CPI y/y. The US is due to release a macroeconomic report, Empire State Manufacturing Index. So amid the reports, EUR/USD will move with low to medium volatility during this […]
In Asia, Japan today will not release any economic data. However, the US will release a macroeconomic report, Empire State Manufacturing Index. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Resistance. 3: 112.64 Resistance. 2: 112.44 Resistance. 1: 112.24 Support. 1: 111.90 […]
There is not much news to bring in front here. The sideways consolidation continues to use up time rather than points. We could still see a dip closer to 1.7594 as long as minor resistance at 1.7804 caps the upside. From support at 1.7594 or upon a break above minor resistance at 1.7804 a new […]
The rally from 128.92 stalled at 131.17 and a minor correction is unfolding. A final dip closer to 130.02 can not be excluded, but it should just be a matter of time before the underlying uptrend from 127,86 is resumed for a continuation higher towards 131.99 as the next sub-target on the way higher to […]
NZD/USD bounced nicely off its support at 0.6540 (61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.6572 (61.8% Fibonacci retracement). Stochastic (89, 5, 3) is bounced off its support at 3.6% where a corresponding rise could occur. NZD/USD bounced nicely off its support where we expect to see […]
XAU/USD bounced nicely off its support at 1,193(100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1,204 (61.8% Fibonacci retracement). Stochastic (55, 5, 3) is bounced off its support at 5.6% where a corresponding rise could occur. XAU/USD bounced nicely off its support where we […]
The recent bearish momentum of the GBP/USD has shown signs of weakness since September 5 when an ascending bottom was established around 1.2800 The GBP/USD pair is currently testing the depicted downtrend line which comes to meet the pair around 1.3025-1.3090. This price zone (1.3025-1.3090) corresponds to 50% and 61.8% Fibonacci levels where evident bearish […]
Why did people buy gold amid the Lehman’s crash? “I HEARD your advert on the radio. I want to buy some gold,” recalls Adrian Ash at BullionVault. So said one of hundreds of callers to BullionVault in the crisp, clear autumn of 2008…back when the failure of US investment bank Lehman Brothers tipped […]
On the weekly chart, the EUR/USD pair is demonstrating a Head and Shoulders pattern where the right shoulder is currently in progress. Recently, the price level of 1.1500 offered temporary bullish recovery towards 1.1830. The EUR/USD bulls failed to pursue towards higher bullish targets. Instead, a descending high was established around 1.1800. On the daily […]
When enemies strike from all sides, you do not know where to go. “Bulls” in the EUR / USD went into a rapid counterattack after the statistics on US inflation came out, and Mario Draghi downplayed the importance of panic in the markets of developing countries and political risks in Italy at the press conference […]
Is the dollar cheaper or is the euro still growing? This issue is key for traders of the EUR / USD currency pair to understand the general outlook for further price movement. The task is not simple, because we need to unravel a fairly complex tangle of fundamental factors that affect the behavior of both […]
To open long positions for GBP / USD, you need: Weak inflation data in the United States once again helped the pound, which led to the breakthrough of the resistance level of 1.3086 and the further formation of an upward trend. However, the absence of specifics on Brexit limits the growth of the pound. Buyers […]
To open long positions for GBP / USD, you need: Speech of the Bank of England Governor Mark Carney supported GBP / USD. Pound buyers managed to gain a foothold above 1.3119 in the first half of the day, and while the trade is being conducted over this range, demand for the pound will remain, […]
To open long positions for EUR / USD, you need: Euro buyers made another attempt at a growth in the European session, using yesterday’s market support, but to consolidate above the resistance level of 1.1708 in the first half of the day did not succeed, as large players rushed to fix profit at the end […]
The upward movement of the current week allowed to reach the weekly control zone of 1.1728-1.1710. The test zone allows you to close part of the purchases, and the rest is transferred to a breakeven, as the continued growth remains a priority. Yesterday’s growth made it possible to realize an upward model within the medium-term […]
