The European Central Bank will discuss next week whether to halt bond purchases later this 2018, the bank’s top economist Peter Praet said on Wednesday, a hawkish rhetoric perceived preparing investors for another rollback in stimulus. After stoking growth with a massive 2.55 trillion euro bond-buying programme, ECB policy makers must make a decision on […]
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U.S. government bond yields rallied along with their eurozone peers following a statement from a senior European Central Bank official indicated the central bank plans to push on with a debate next week on the schedule for ending its asset purchases. The 10-year Treasury note yield edged up 5.9 basis points to 2.975 percent, its […]
Wall Street index climbed on Wednesday, receiving a boost from financial stocks as investors focused on solid economic data and trade war concerns went to the background while the Nasdaq notched its third consecutive record closing high. The Dow Jones Industrial Average edged up 346.41 points, or 1.4 percent, to 25,146.39. The S&P 500 rose […]
European equities ended marginally changed Wednesday, with trade mostly affected by concerns over fiscal spending in Italy. The pan-European Stoxx 600 ended temporarily neutral with sectors and major bourses mixed. Italy’s FTSE MIB, which was under pressure, rebounded on Wednesday, increasing 0.26 percent. New Italian PM Minister Giuseppe Conte presented his coalition’s plans to clampdown […]
Global oil prices advanced during Asian trade after Venezuela increased their prospect of holding off some crude exports, according to people privy to the matter, but gains were limited by reports that the U.S. government had asked Saudi Arabia and other OPEC producers to boost output. Declining supply from Venezuela had powered a rally in […]
Gold prices edged up in early Asian trade on Wednesday as the U.S. dollar and Treasury Yields fell amid persistent worries regarding global trade after the U.S. hit its allies’ imports with hefty tariffs. Spot gold rose 0.2 percent at $1,297.64 per ounce at $1,297.64 per ounce. U.S. gold futures for August delivery were stable […]
The euro held steady on Wednesday as investors began to focus on the European Central Bank’s policy meeting next week, while worries that the U.S. could withdraw from its trade agreement with Canada and Mexico affected their currencies. The common currency traded at $1.1719 having risen around 0.5 percent so far this week and remaining […]
Mexico has announced new levies on U.S. imports in response to U.S. President Donald Trump’s decision to impose hefty tariffs on imports of steel and aluminum. The peso fell on Tuesday after Mexico imposed tariffs on U.S. products including bourbon, apples, potatoes, cheese, and pork in retaliation to the steel duties. Mexico’s peso was down […]
Expansion of activity in the U.S. services sector sped up in May, indicating a strong economic growth in the second quarter. However, trade tariffs and limited workers posed a risk to the robust outlook. The Institute for Supply Management said its non-manufacturing activity surged 1.8 points to 58.6, snapping three consecutive monthly declines. The reading […]
U.S. government bonds edged up on Tuesday, driving down yields and helping to ease a bond-market selloff observed at the beginning of the week, as solid economic data were countered by concerns over the newly established Italian government’s policy agenda. The 10-year Treasury note yield fell 2.2 basis points to 2.917 percent. The two-year note […]
The Nasdaq reached a record closing high for the second straight day of trading on Tuesday, powered by tech and consumer discretionary shares, while the euro rebounded after Italy’s new prime minister said the government had never thought of leaving the eurozone as an option. The Dow Jones Industrial Average edged up 13.71 points, or […]
Technical Analysis of Intraday Price Movement of Filecoin Cryptocurrency, Friday April 05 2024.
With the appearance of the Bullish 123 pattern which is followed by a deviation between the price movement of the Filecoin cryptocurrency and the Stochastic Oscillator indicator on the 4-hour chart, in the near future as long as there is no weakening that penetrates below the level of 8,206, Filecoin has the potential to appreciate […]
Technical Analysis of Intraday Price Movement of Bitcoin Cryptocurrency, Friday April 05 2024.
On the 4-hour chart of the Bitcoin cryptocurrency, it appears that its price movement is above WMA 30 Shift 2, which shows that buyers are still dominant even though the momentum condition is still flat, as indicated by the slope of WMA 30 Shift 2, which is still flat, but the potential for strengthening is […]
Analysis of EUR/USD. April 5th. There is still no positive news from the E
The wave analysis of the 4-hour chart for the EUR/USD pair remains unchanged. At the moment, we are observing the construction of the assumed wave 3 in 3 or c of the downward trend section. If this is indeed the case, then the decline in quotes will continue for a very long time, as the […]
GBP/USD: trading plan for the US session on April 5th (analysis of morning deals)
In my morning forecast, I pointed out the level of 1.2645 and planned to base my market entry decisions on it. Let’s look at the 5-minute chart and analyze what happened there. There was a rise, but before testing the false breakout formation around 1.2645 in the first half of the day, we missed it […]
EUR/USD: trading plan for the US session on April 5th (analysis of morning deals). The euro hit 1.0842
In my morning forecast, I drew attention to the level of 1.0842 and planned to make decisions based on it for market entry. Let’s look at the 5-minute chart and figure out what happened there. The rise and formation of a false breakout at this level provided an excellent entry point for short positions, but […]
Analysis and trading tips for USD/JPY on April 5 (US session)
Analysis of transactions and trading tips on USD/JPY Further growth became limited as the test of 151.40 coincided with the sharp rise of the MACD line from zero. Dollar bulls took advantage of the morning dip, but everything could change upon the release of US data. Weak figures on the growth of new jobs will […]
Analysis and trading tips for GBP/USD on April 5 (US session)
Analysis of transactions and trading tips on GBP/USD The test of 1.2628 took place at a time when the MACD line rose from zero. This provoked a buy signal, but no upward movement occurred. Data on the US unemployment rate and average hourly wages will come out during the US session. However, the key point […]
Analysis and trading tips for EUR/USD on April 5 (US session)
Analysis of transactions and trading tips on EUR/USD Further growth became limited because the test of 1.0840 occurred during the sharp rise of the MACD line from zero. Shortly after, another test happened, and this provoked a sell signal as the MACD line went within the overbought area. This resulted in a price decrease of […]
EUR/USD: ECB may get ahead of the Fed
From the European Central Bank, signals of a dovish nature are increasingly emerging, indicating that the regulator will begin lowering interest rates at the June meeting. The latest reports on CPI growth for March, reflecting a slowdown in inflation both in Germany and in the eurozone as a whole, only “cemented” these assumptions. This is […]
Video market update for April 05, 2024
Potential for the further drop on NAS100 …. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Trading Signals for BITCOIN (BTC/USD) for May 10-15, 2024:… May 10, 2024 Bitcoin (BTC/USD) is trading around 63,207, above the 21 SMA,…Video market update for May 10, 2024 May 10, 2024 Potential for the further rally […]
XAU/USD: what are odds of further growth after US NFPs
Today, the focus of the markets is the publication of data on the number of new jobs for March in the US economy. The labor market is expected to create 212,000 new jobs in March following 275,000 in February. Unemployment could have remained at the same level of 3.9%. Of course, the dynamics of the […]
Forecast for EUR/USD pair on April 5, 2024
The EUR/USD pair on Thursday rose to the corrective level at 38.2%-1.0866, bounced off it, and reversed in favor of the American currency. Thus, the process of decline towards the support zone of 1.0785–1.0801 began. A bounce of quotes from this zone will favor the resumption of the euro’s growth. Consolidation below it will increase […]
GBP/USD. April 5th. Will Nonfarm Payrolls help the dollar?
On the hourly chart, the GBP/USD pair continued its upward movement towards the resistance zone of 1.2705–1.2715 on Thursday. However, then there was a reversal in favor of the American currency, and the process of decline toward the support zone of 1.2584–1.2611 began. A bounce from this zone will work in favor of the British […]
Forex forecast 04/05/2024: EUR/USD, GBP/USD, SP500 and Bitcoin from Sebastian Seliga
We introduce you to the daily updated section of Forex analytics where you will find reviews from forex experts, up-to-date monitoring of financial information as well as online forecasts of exchange rates of the US dollar, euro, ruble, bitcoin, and other currencies for today, tomorrow and this trading week. Video Agenda: 00:00 INTRO 00:13 Totay’s […]
EUR/USD and GBP/USD: trading tips for beginners on April 5
Details of economic calendar on April 4 On Thursday, data on the EU producer price index was published. The annual rate of decline in factory inflation escalated from -8.0% to -8.3% in March, but this happened only due to an upward revision of previous data, from -8.6%. At the same time, the revision of previous […]
Weekly Forex Outlook: 05/04/2024 – ECB decision and US inflation to fuel FX volatility
Central bank decisions in Eurozone, Canada, and New Zealand. Highlight will be the ECB – likely to signal a rate cut in June. In US, dollar will be driven by inflation stats and Fed minutes. 0:00 Intro 0:16 ECB Meeting 1:55 Euro 2:59 US CPI and Fed Minutes 4:47 US Dollar 5:25 BoC and Loonie […]
Weekly Forex Outlook: 05/04/2024 – ECB decision and US inflation to fuel FX volatility
Central bank decisions in Eurozone, Canada, and New Zealand. Highlight will be the ECB – likely to signal a rate cut in June. In US, dollar will be driven by inflation stats and Fed minutes. 0:00 Intro 0:16 ECB Meeting 1:55 Euro 2:59 US CPI and Fed Minutes 4:47 US Dollar 5:25 BoC and Loonie […]
Weekly Forex Outlook: 05/04/2024 – ECB decision and US inflation to fuel FX volatility
Central bank decisions in Eurozone, Canada, and New Zealand. Highlight will be the ECB – likely to signal a rate cut in June. In US, dollar will be driven by inflation stats and Fed minutes. 0:00 Intro 0:16 ECB Meeting 1:55 Euro 2:59 US CPI and Fed Minutes 4:47 US Dollar 5:25 BoC and Loonie […]
Weekly Technical Outlook: 02/04/2024 – USDJPY, EURUSD, USDCAD
Our weekly #TechnicalAnalysis looks at the key events that are expected to shake the #markets the most. This week, the focus is on #NFP report, Eurozone flash #CPI and Canadian #employment report and will be looking at how #USDJPY, #EURUSD and #USDCAD may react. 0:00 Intro 0:19 USDJPY 1:59 EURSD 3:34 USDCAD For more information […]
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