The most important information of the Friday session was undoubtedly the publication of a report from the American job market. After the result of 157 thousand new jobs in the non-agricultural sector (NFP) of July this year, the economists expected the situation to improve in the August report and definitely a better result at the […]
Next week the most important events are CPI/production/sales from the USA, EBC, ZEW, BoE, CPI/production/sales from China, labor market from Australia, NAFTA. In the US, the August inflation, (Thursday), retail sales and industrial production reports (Friday) will not change the Fed’s bias and the risk of a determined interest rate hike on September 26. CPI […]
The American Subcommittee on Congress on Terrorism and Illegal Finance discussed various methods of financing terrorism through cryptocurrencies, according to the official press release of the US House of Representatives on Financial Services of September 7. In order to monitor the threats and methods of financing terrorism, the main ways of transferring funds by terrorists, […]
When the European market opens, some Economic Data will be released such as Sentix Investor Confidence. The US will release the economic data too, such as Consumer Credit m/m, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1616. Strong Resistance:1.1609. Original […]
In Asia, Japan will release the Economy Watchers Sentiment, Final GDP q/q, Final GDP Price Index y/y, Current Account, and Bank Lending y/y data, and the US will release some Economic Data such as Consumer Credit m/m. So there is a probability the USD/JPY will move with a low to medium volatility during this day. […]
We continue to look for more upside pressure towards the next sub-target at 1.7820. Longer term resistance at 1.7820 only should prove to be a temporary cap as more upside towards strong resistance at 1.8369 remains expected. Support is now seen at 1.7683 and again at 1.7638 only a break below the later, we confirm […]
Red wave (2) continues to work its way lower towards the ideal target-zone between 127.44 – 127.60. As long as minor resistance at 129.11 caps the upside more downside pressure should be expected towards the 127.44 – 127.60 target-zone. Only a direct break above minor resistance at 129.11 will indicate a premature completion of red […]
The Gold remains under pressure and below $1,200. Next time it makes a move above it could be the start of the bounce towards $1,220 we have been waiting. Until then we remain neutral as Gold could continue lower towards the August lows or sideways. Blue line – short-term resistnace The Gold’s trend remains bearish […]
EUR/USD stopped the decline on Friday just above the important support area of 1.1550-1.1530. As long as EUR/USD is above this area we can take advantage of the bullish side of the market as we might be forming an inverted head and shoulders pattern with a neckline at 1.1730. Above 1.1660 this scenario becomes our […]
• Natural Gas broke support area • Further losses are likely Natural Gas recently broke through the support area lying between the support level 2.800, support trendline from April and the 61.8% Fibonacci correction of the previous upward correction 2 from the middle of July. The breakout of this support area accelerated the active short-term […]
• AUD/USD broke long-term support level 0.7180 • Further losses are likely AUD/USD continues to fall after the earlier breakout of the strong, long-term support level 0.7180 (which has been reversing the price from the middle of 2016, as can be seen from the weekly AUD/USD chart below). The breakout of the support level 0.7180 […]
EUR / USD The euro, thanks to the support of 1.1545-72 (the lower boundary of the weekly cloud + the weekly Tenkan + day cross), this week keeps its location in the weekly cloud, thereby increasing the chances of continuing the weekly upward correction. The main resistance line in this way is concentrated now in […]
Early this week the IHS/Markit Institute indicated that the British manufacturing industry had slowed down to its lowest expansion rate since July 2016 – July 2016 was just after the Brexit referendum – as the country’s export business contracted for the first time in more than two years despite the weakness in the sterling relative exchange rate. The […]
Trading recommendations: According to the H1 time – frame, I found strong downward momentum in the background and the price tested the level of $6.615. As I expected, the price broke the bearish flag pattern in the background, which is a sign for further downward continuation. Watch for a breakout of the most recent intraday […]
GOLD BULLION fell $5 per ounce from the $1200 mark Friday lunchtime in London after new US data showed stronger jobs growth than analysts forecast for the world’s No.1 economy. Silver held firmer at $14.14, heading for a 2.8% weekly drop, but platinum prices fell with gold bullion to show a 1.3% loss from […]
EURGBP pulled back in recent days, after touching a one-year high of 0.9098 on August 28. Earlier on Friday, it broke below an upside support line drawn from the lows of June 15, and if this week’s candle indeed closes below that uptrend line, then the near-term bias of the pair will have turned back to […]
To open long positions for GBP / USD pair, you need: While the trade is above 1.2921, demand for the pound will remain, which will lead to the renewal of the week’s highs around 1.2968 and 1.3004, where fixing profits are recommended. In case of reduction of the pound in the first half of the […]
Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2975. According to the H1 time – frame, I found that GBP/USD finished the downward correction in the background (expanded flat), which is a sign that selling looks risky. I also found strong demand in the background and hidden bullish divergence […]
GBP / USD pair The strength and attraction of support levels at 1.2904 – 1.2820 (Fib month + Kijun historical level) continue to hold the pair, not allowing players to continue its decline to the weekly goals for the breakdown of the cloud at 1.2302 – 1.2072. The prolonged inhibition, as well as to the […]
Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1600. Anyway, according to the M15 time – frame, I fund potential fifth point of the wolfe wave bullish pattern, which means that selling looks very risky. The level of 1.1600 provided very solid support and it is also a Fibonacci […]
Monetary policy will be back in focus next week as the European Central Bank and the Bank of England hold policy meetings. However, with both central banks expected to stick to their existing outlook, investors will likely turn to data for fresh direction. The highlights will include employment reports out of Australia and the United […]
As a vital part of the corporate social responsibility of XM, helping individuals and communities in need comes first – and most of all, with continued dedication. The Indonesian island of Lombok, which was hit by a devastating, over 6.9 magnitude, earthquake on 5th August 2018, witnessed one of a long series of drastic natural […]
Here are the latest developments in global markets: FOREX: The US currency was trading marginally lower versus a basket of currencies ahead of the highly anticipated employment report for August due at 1230 GMT. Dollar/yen was roughly flat after losing 0.7% on Thursday, as angst over the prospect of deteriorating global trade conditions boosted the […]
Copper futures have come under renewed selling pressure, falling back below the 2.7550 resistance level and the 20- and 40-day simple moving averages (SMAs). During yesterday’s session, the 20-day SMA also acted as resistance, hence the near-term upside momentum appears to have run out of steam again as prices have been attempting and failing to […]
The situation of uncertainty has overwhelmed emerging markets. Sale on the stock markets increased on Thursday, which is already characterized by analysts as the worst since 2008 and surpassing them. Investors selling risky assets make it clear that their fears associated with the prospects for the growth of the global economy have already reached a […]
To open long positions for EUR / USD pair, you need: Buyers were unable to get above resistance 1.1646 in the morning. Now you can count only on the formation of a false breakout in the area of 1.1610, which will signal a purchase of the euro for the purpose of re-growth and consolidation above […]
EUR / USD pair On Thursday, European investors were disappointed with data on Germany, where the volume of industrial orders fell by -0.9% in July against expectations for growth of 1.8%. This was the initial impetus for the euro to fall. In the US, the change in the number of jobs in the private sector […]
The EUR/USD pair is currently trapped between the depicted technical levels (1.1750 – 1.1500). Breakout movement should be anticipated. Bearish breakdown of 1.1520 is needed allow further bearish decline towards 1.1420. Next bearish target would be located around 1.1275. For the major reversal pattern to be confirmed, a quick bearish breakdown below 1.1420 will be […]
In April, bearish breakdown of 0.7220-0.7170 (lower limit of the consolidation range) allowed quick bearish decline towards 0.6700-0.6800 where narrow ranged consolidation range was established. On July 7, evident bullish rejection pushed the NZD/USD pair above 0.6820 temporarily. However, lack of bullish momentum made the bulls fail to maintain enough bullish momentum above 0.6700. On […]
Bitcoin has been struggling to create new highs with a target towards $8,000 area, while pushing lower aggressively towards $6,000-6,500 support area in the process. Tthere are certain optimistic statements about Bitcoin having a bright future with new highs as it is being mined impulsively till now. Meanwhile, the price is residing inside the support […]
