Elliott wave analysis of EUR/JPY for December 18, 2017

Wave summary: We continue to look for more downside pressure to important support at 131.14 and a break below here will confirm that wave (D) completed with the test of 134.50 and wave (E) lower to 123.43 is developing. Short-term resistance is now seen at 132.78 and again at 133.76, which needs to cap the […]

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Daily analysis of major pairs for December 18, 2017

EUR/USD: The EUR/USD made some bullish effort last week, but the further rally was rejected when the resistance line at 1.1850 was tested. Since then, the price has gone down by 100 pips, now almost below the support line at 1.1750. Further bearish movement is expected this week as price goes towards another support line […]

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Dec 18th, 2017: Dollar Dips Despite Tax Approval

Morning Report: 07.00 London Markets are quiet this morning despite apparent good news from the US on the tax bill front. The US dollar is on the back foot, helping dollar pairs to nip higher. The NZD/USD is the top performer after out-performing on Friday, rising by 0.59%. The neighbouring AUD/USD is up 0.33%. The […]

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18.12.2017 – Support and Resistance by Dukascopy

Good Monday morning, you’re watching this week’s first Support and Resistance Level Report. Euro/Dollar has the closest levels of 1 1770 in resistance and 1 1740 in support. Standing near a 50 day moving average, R1 is well confirmed with 12 models. R2 is a 100 day moving average with 7 models, and Bollinger Upper […]

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Fundamental Analysis of EUR/USD for December 18, 2017

EUR/USD has been quite bearish recently after bouncing off the 1.1850 resistance area. The market is still quite volatile, but the price is expected to be bearish in the coming days. Despite having a hike in interest rates USD was quite weak against EUR which was recovered well enough with the positive development based on […]

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UK markets seen higher ahead of the Christmas break

StockMarketWire.com – The FTSE 100 is seen around 14 points higher at the start of trading, tracking early gains in Asia but volumes are expected to be subdued in the run up to the Christmas break. OVERSEAS MARKETS In the US on Friday, the DOW closed 0…

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Fast Europe Open: Austria CPI, Italy trade balance

… Asia Pacific equities tracked Wall Street higher with Japan’s Topix up 1.4 per while Australia’s S&P/ASX 200 and Hong Kong’s Hang Seng both rose 0.7 per cent. As to what to expect later in the day from European and US markets, futures tip both the FTSE 100 and S&P 500 to open 0.2 per cent higher.

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UK Stocks-Factors to watch on Dec 18

Dec 18 (Reuters) – Britain’s FTSE 100 index is seen opening up 8 points on Monday, according to financial bookmakers. * BHP: ExxonMobil Corp and BHP Billiton Ltd have agreed to end a nearly 50-year-old Gas marketing joint venture in Australia, bowing to pressure from the nation’s competition …

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Technical analysis of EUR/USD for Dec 18, 2017

When the European market opens, some Economic Data will be released, such as German Buba Monthly Report, Final Core CPI y/y, Final CPI y/y, and Italian Trade Balance. The US will release the Economic Data, too, such as NAHB Housing Market Index, so, amid the reports, EUR/USD will move in a … volatility during this […]

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US Dollar Looks to Tax Cut Vote for a Lifeline

The US Dollar is looking to Congress for a lifeline as a Republican-backed tax cut initiative looks to have enough votes for passage. Can it manage a lasting recovery?

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Technical analysis of USD/JPY for Dec 18, 2017

In Asia, Japan will release the Trade Balance data, and the US will release some Economic Data, such as NAHB Housing Market Index. So, there is a probability the USD/JPY will move with a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 113.21. Resistance. 2: 112.99. Resistance. 1: 112.77. Support. 1: […]

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Monday Papers: China keeps IPOs on tight leash to protect policy goals

The Daily Telegraph: The boss of wealth management giant St James’s Place (SJP) is to be named the chairman of horse racing-focused Weatherbys Bank as he prepares to step down from the FTSE 100 group. The Guardian: Amazon could face an investigation by the Advertising Standards Authority …

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Sensex, Nifty Seen Higher As Gujarat Poll Results Start Trickling In

(RTTNews.com) – Indian shares look set to open higher on Monday as investors await the outcome of elections in Gujarat and Himachal Pradesh. Early trends suggest that the BJP is leading in both states. Besides the verdict of state elections, sentiment …

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Weakness of the dollar will not last long

Retail sales in November rose above expectations, allowing the dollar to complete a short-term correction, which it left immediately after the FOMC meeting in 2017. The growth was 0.8% with a forecast of 0.3%. Preliminary data from Markit was more upbeat than expected, the industrial sector’s growth, the index PMI in December stood at 55.0p […]

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Markets intend to complete the year without excessive volatility

Eurozone The ECB did not make any additional statements regarding the pace of normalization of monetary policy at its regular meeting on Thursday. The markets assumed that a strong economic growth and a positive inflation forecast could provoke the ECB to come up with more specific wordings regarding the timing and pacing of the reduction […]

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Australian Market Advances

While the French CAC 40 Index edged down by 0.2 percent, the German DAX Index rose by 0.3 percent and the U.K.’s FTSE 100 Index climbed by 0.6 percent. Crude Oil futures rose Friday, trimming modest weekly losses after a warning on the global oil glut. January WTI oil rose $0.26 or 0.5 percent to …

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Inspired by comics

Ilse Valfre’s quirky fashion designs have attracted famous fans, but she’s had to overcome many challenges.

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Goalmouth scramble:

The next round of Premier League football television rights are up for grabs for the three years from 2019 to 2022.

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Boris and Kathy Forex Weekly – 18-12-2017 – Majors

Traditionally, the last 2 weeks of the year are characterized by consolidation and end of year flows, but this year could be different because the tax bill hasn’t reached Trump’s desk and some corporates may be holding out until the very last minute before repatriating their funds in case of last minute snags. In a […]

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VENEZUELA: PDVSA Starts To Pay For 2021, 2024, 2026 And 2035 Bonds

The government of Venezuela and its state-owned Oil company (PDVSA) said they began to transfer interest payments related to the company’s 2021, 2024, 2026 and 2035 Bonds. The deadline for those payments is Sunday.

Also, the oil company called on all…

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Boris and Kathy Forex Weekly – 18-12-2017 – Commodity Dollars

Traditionally, the last 2 weeks of the year are characterized by consolidation and end of year flows, but this year could be different because the tax bill hasn’t reached Trump’s desk and some corporates may be holding out until the very last minute before repatriating their funds in case of last minute snags. In a […]

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Boris and Kathy Forex Weekly – 18-12-2017 – Crosses

Traditionally, the last 2 weeks of the year are characterized by consolidation and end of year flows, but this year could be different because the tax bill hasn’t reached Trump’s desk and some corporates may be holding out until the very last minute before repatriating their funds in case of last minute snags. In a […]

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