The escalation of the US-China trade conflict, which resulted in the collapse of the stock exchanges, has burned $4.6 trillion in May. It left the American government debt market to the upside. Investors are running into defensive assets, as concerns about a slowdown in economic growth intensify. The Federal Reserve can pour money again over […]
The American dollar has already received a real, not imaginary blow, probably for the first time in recent months after Fed member of the Federal Reserve Bank of St. Louis James Bullard said in his speech that lowering interest rates in the near foreseeable future may be justified. Bullard himself has a “dovish note” in […]
May was a mixed month for global stocks. The main indices dropped in the final part of the month as shown below. The reason for this decline is that Donald Trump restarted his trade war with China. The chart below shows the performance of the Dow, S&P 500, Nikkei, and EU Stoxx. As the global […]
This week, investors are paying close attention to the Australian dollar. This is because of three key reasons. First, with the trade war raging on, investors are concerned that the Aussie could be affected. This is because the country relies heavily on the health of the Chinese market. A third of its exports are bought […]
The Nasdaq index is the biggest technology index in the world. The index is made up of the biggest technology companies in the world like Google, Facebook, and Amazon. These are some of the most valuable brands in the world used by billions of people around the world. The companies have moved to dominate the […]
Facebook stock price extended its losses over the previous couple of days, finding strong support at the 200-day simple moving average (SMA), marginally above the 38.2% Fibonacci of the wave 218.44 – 123.30 around 160.00. The RSI turned lower after entering oversold territory below 30. At the moment, it continues to head down in support […]
The European Central Bank is due to announce its latest policy decision on Thursday at 11:45 GMT. No change in policy is being anticipated by the Bank but the meeting will still attract plenty of attention as details about the terms of the new round of cheap long-term loans are expected to be revealed. The […]
The past four weeks have been the hardest so far this year for the British pound but also for UK manufacturers, the IHS Markit/CIPS readings showed on Monday. According to analysts, the survey for the services sector might bring better results on Wednesday at 0830 GMT. Still, the outcome may not be very pleasing, reflecting the […]
BTCUSD started the day sharply on the downside, moving closer to the bottom of the Ichimoku cloud and further below the 20- and 40-period simple moving averages (SMAs) in the 4-hour chart. The technical indicators are confirming the latest tweak as the MACD is strengthening its bearish momentum and the RSI is approaching the oversold zone. In case of further bearish […]
The pound against the dollar follows the general trends in the market, dominating the US currency. Over the past month, a pair of gbp / usd has lost more than 600 points, dropping from a price peak in May of 1.3170 to an annual minimum of 1.2558. Therefore, the current correctional growth looks quite logical […]
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For the last trading day, the pound / dollar currency pair showed a low volatility of 64 points, as a result of having the structure of the corrective move. From the point of view of technical analysis, we see a steady corrective move on the general weakening of the American currency. The total correction at […]
EUR / USD Just yesterday, I wrote that the current wave marking can be interpreted in a completely different way, and today it has been transformed. Now, at least on May 23, it is viewed as the completion of wave 3, and, accordingly, correction wave 4, within which three waves are already clearly visible, and […]
The focus is still on the US and Chinese trade war, which contributes to the reduction of macroeconomic data around the world. The US production from ISM fell yesterday to 52.1p, which was the lowest level in 2.5 years as the capital leaves the stock and commodity markets. The market continues to focus on the […]
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Get your daily market and Forex news analysis from leading Forex and market news analysts only at http://www.xm.com/market-analysis-video Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD/USD) Visit: http://www.xm.com the international Forex broker. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may […]
US dollar continues to nosedive as Treasury yields touch fresh lows on rising rate cut expectations RBA cuts rates but Australian dollar defiant as it climbs to 3-week high Tech stocks tumble as US giants, including Facebook and Apple, face antitrust probe Dollar sell-off shows no sign of abating The US currency is headed for […]
GBPUSD switched to recovery mode after bottoming to a five-month low of 1.2558 on Friday. With the RSI strengthening above its 30 oversold level and the MACD surpassing its red signal line, the pair may gain further ground in the short-term. Yet downside risks remain as long as the indicators hold in bearish territory. Note that the market has […]
To open long positions on GBP/USD, you need: Yesterday, buyers of the pound held above the important support level of 1.2623, which bears tried to break through throughout the day. This allowed us to keep the upward correction, which is now aimed at the resistance of 1.2697, a breakthrough above will provide GBP/USD return to […]
To open long positions on EURUSD, you need: Yesterday, euro buyers reached the resistance of 1.1261 after statements about a possible decrease in interest rates in the US, but a breakdown of this range is necessary for continued growth. Divergence formed in the MACD indicator can prevent the buyers to continue the growth in the […]
Trend analysis (Fig. 2). On Tuesday, we are waiting for the continuation of the upward movement with the first target of 1.2705 – a pullback level of 23.6% (yellow dotted line). Fig. 2 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – up; – candlestick analysis – […]
Trend analysis (Fig. 1). On Tuesday, the price may continue to move up with the first goal of 1.1285 – the pullback level of 38.2% (blue dotted line), wherein the historical resistance level of 1.1291 (blue dotted line) is also found. Thus, it will be difficult for the price to overcome this area for the […]
WTI crude oil futures declined considerably towards a fresh four-month low of 52.11 on Monday, erasing the medium-term ascending movement in the daily chart. However, the downside momentum appears to have run out of steam as prices have been attempting and failing to close below the 61.8% Fibonacci retracement level of the upleg from 42.50 […]
We would like to inform you that due to several public holidays all of which take place in June, the trading hours of various instruments will be affected between 6 and 21 June 2019. Please view the tables below to see which instruments will be affected and how: Instrument 06/06 07/06 08/06 Swedish Stocks Closed […]
Technical outlook: The EUR/USD pair has managed to reach its resistance zone as defined between 1.1250/60 levels here. A high probable trade setup from here should be lower. Those who initiated short positions yesterday, keeping stops above 1.1220 levels could prepare to re-enter short positions today and the risk remains above next in line resistance […]
A strong upward movement on EURUSD – a breakthrough of the level of 1.1220 and the closing of the day above – a strong signal for continued growth. We keep purchasing from 1.1990 and from 1.1220 – purchases are possible when rolling back to the average. EURUSD: There is a signal for the upward trend. […]
Technical Market Overview: The EUR/USD has strongly moved up, breaking all the technical support levels on its way. The local high was made at the level of 1.1261, just below the key technical resistance zone located between the levels of 1.1264 – 1.1274. Any breakout through this zone will change the temporary outlook from bearish […]
EUR / USD pair Investors did not even have time to decide how serious Trump’s intentions are regarding tariffs for Mexican goods and how they could affect the US economy. Also on how the markets suffered another blow as the head of the FRB of St. Louis, James Bullard, said that the rate could be […]
GBP / USD pair Under pressure from the general weakening of the dollar (-0.53%), the sterling pound on Monday added 34 points. Convergence on the daily chart is developing, the price has risen above the resistance level of 1.2660 at least last August. The goal of growth is the line of resistance at 1.2756 on […]
USD/JPY pair Amid the fears that hit the markets on Friday and Monday, the USD/JPY pair lost more than 160 points these days and almost reached our target at least to January 10 level at 107.78. At the moment, there are signs of the formation of price convergence with the Marlin oscillator simultaneously on two […]
