The trade war between the US and China is beginning to take on a rather unexpected development. If until recently the United States was perceived as a stronger side of the conflict, which was reflected among other things in the growth of the dollar, now the situation begins to look a little different. On May […]
For the last trading day, the pound / dollar currency pair again showed low volatility with 58 points. The movement was enough to reach the predicted value. From the point of view of technical analysis, we see a coincidence of the previously set forecast, the downward inertial course remained on the market, bringing us closer […]
The main topic for the market gradually became the issue of trade wars. The US-China trade war remains in force, but the negotiations have virtually stopped. In addition, the largest business media write about the possible resumption of the US-EU trade war. There is no progress on tariffs for cars and other controversial issues. The […]
Risk Warning: 71.61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]
Risk Warning: 71.61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]
The US dollar index is edging higher towards the two-year high of 98.25 over the last three consecutive days, remaining well above the long-term ascending trend line and the moving averages. The short-term bias is tilted to the upside as the RSI indicator is turning marginally higher in the positive region, while the trigger line of the MACD oscillator […]
Never underestimate the power of inertia. It was this lesson that was presented yesterday against the background of complete silence from both politicians and macroeconomic statistics while the dollar continued rising. Understanding that the unpredictable consequences of an unregulated Brexit do not promise anything good continues to play into the hands of dead American presidents […]
On Wednesday, the market in both currencies was moving down. The pair GBP / USD, while moving down, could not reach the lower fractal of 1.2605. The EUR / USD pair, while moving down, tested the pullback level of 76.4% – 1.1134 (yellow dotted line). However, it did not go lower. On Thursday, strong calendar […]
Risk Warning: 71.61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]
NZDUSD has jumped into the Ichimoku cloud over the last few sessions as it found strong support around the 0.6505 barrier. The price touched the 40-simple moving average (SMA) in the 4-hour chart, and returned lower again, while the RSI indicator is also pointing down in the negative region. What remains to be seen is […]
Dollar remains king as major peers continue to lack appeal Stocks calm down after drop, but perhaps only temporarily BoC stands pat, loonie drops as officials keep a lid on optimism Dollar reigns over FX market, nears 2-year highs The world’s reserve currency remains the undisputed king of the FX market, as investors continue to […]
GBPJPY is in red for the fourth consecutive week, with the price pausing the sell-off at the 4 ½-month low of 137.85 on Wednesday. According to the RSI and the Stochastics, the pair is trading in oversold area and upside corrections are possible in the short term as the former hovers below 50 and the latter under 20. The bullish […]
USDJPY is struggling to recover last week’s losses which drove the pair back into the 109 area but the positive slope of the RSI and the rebound in the Stochastics provide some optimism that the bears could stay on the sidelines in the short-term trading. The trend signals, however, are still negative as the pair has violated […]
USDJPY is struggling to recover last week’s losses which drove the pair back into the 109 area but the positive slope of the RSI and the rebound in the Stochastics provide some optimism that the bears could stay on the sidelines in the short-term trading. The trend signals, however, are still negative as the pair has violated […]
To open long positions on EURUSD, you need: Buyers need to return to the resistance level of 1.1143 today, from which it will be possible to see an upward correction to the maximum area of 1.1170, where I recommend fixing the profits. Given the weak fundamental statistics on the eurozone, which was published during this […]
Gold has been extremely volatile and corrective recently residing above $1276 area with a daily close. Though the price has been expected to rise to new highs. Despite the US-China trade tensions, gold as safe heaven has suddenly dived down. This drop slightly hammered the market sentiment. Now, it’s quite hard to discern any signals […]
The greenback maintains strength while the euro continues its downtrading. The US is expected to sustain momentum further in the coming days. Eurozone economy is going through hard times in the year 2019. Some economists think that it is unlikely to recover soon. The setbacks for the economy include vulnerabilities from real estate bubbles to […]
Technical Market Overview: The full retreat on the EUR/USD pair continues as the price almost hit the key short-term technical support located at the level of 1.1105. All the gains from the last week are almost erased and now the key question is whether the bears will break back under the level or 1.1100 or […]
Technical Market Overview: The GBP/USD pair has moved lower as anticipated and almost tested the technical support at the level of 1.2605 before a small bounce was made. The momentum is weak and negative, so the short-term outlook remains bearish. The volatility is getting low, but the bearish pressure is visible. The larger timeframe trend […]
Morning Report: 07.00 London This morning, the dollar index is coming off the highs as risk taking returns to markets. Dollar pairs are generally positive, with the AUD/USD leading the pack and pushing to break through the week’s impasse. The GBP/USD is also positive this morning and lifting off the lows. 1.2600 is holding for […]
Crypto Industry News: Another global corporation: AT & T, decided to accept payments in cryptocurrencies. Customers can pay bills using BitPay, which offers two main cryptocurrencies: Bitcoin and Bitcoin Cash. AT & T is one of the largest telecommunications companies in the world. The company is listed on the NYSE Stock Exchange. AT & T […]
Crypto Industry News: The police in Russia arrested the alleged creator of the crypto-pyramid program from Kazakhstan, which faced an international arrest warrant, the Russian Ministry of the Interior (MOI). The unnamed detainee is supposedly accused of cheating investors through a scam associated with cryptocurrencies, which promised high profits from cryptographic investments. The Ministry of […]
Technical outlook: The EUR/USD pair dropped to 1.1140/50 levels yesterday, enabling profit booking on the short positions taken around 1.1200/10 levels earlier. If the entire chart from 1.1111 lows is analyzed, there is no trend seen. it is just a sideways movement. Hence, the significance of support and resistance should be taken into consideration. Prices […]
AUD / USD pair The fourth day of the Australian dollar is consolidating below the embedded line of the price channel on a daily scale chart. The Marlin oscillator signal line continues to move upward on the daily chart and it moves to further to the growth zone on the four-hour chart. Fixing the price […]
On Wednesday, the euro fell by 29 points due to the complication of trade relations between the US and China and the increased pressure of the EU on Italy in connection with its violation of financial discipline. Italy faces a fine of 3 billion euros. On the daily chart, the price fixed below the Fibonacci […]
GBP/USD Under the overall pressure of the dollar, the British pound overcame the support of 1.2660 (at least August 15, 2018) yesterday and is now ready for further decline. On the four-hour chart, the price once again touched the MACD line, and resolutely went down, fixing itself under both indicator lines. The Marlin oscillator on […]
https://pepperstone.com/en/forex-news/market-review -The Euro gains overnight -AUD rallies despite weak data -NZD shrugs off lower 2019 growth forecasts -Was someone supporting KRW overnight? -Dollar index largely unchanged -Bond yields head lower -The rewards for clamping down on corruption The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, Darren Sinden. New To […]
Forecast for May 30: Analytical review of H1-scale currency pairs: For the euro / dollar pair, the key levels on the H1 scale are: 1.1171, 1.1157, 1.1146, 1.1123, 1.1115, 1.1099, 1.1080 and 1.1067. Here, we are following the development of the downward structure of May 27. Continuation of the movement to the bottom is expected […]
The single currency was under pressure again – this time because of the sharp statements of Italian politicians, as well as because of the prospects for sanctions pressure from the United States. On the other side of the scale, Brexit unexpectedly appeared, or rather, a statement by the Prime Minister of Ireland, Leo Varadkar, who […]
BTC did reject from the upper diagonal of the downward channel at $8.750, which influenced sellers. There is potential for down plan and potential test of $8.422. White lines – Downward channel Red line – Support 1 White rectangle – Support 2 BTC did successful test of the resistance and also did successful breakout of […]
