GBP has been trading upwards. The price tested the level of 1.2117. Anyway, I found potential fake breakout of yesterday’s high at 1.2684, which is sign that buying at this stage looks risky. Red horizontal line – swing low support Red horizontal line 2- Swing low support 2 White lines – Bolinger bands GBp/USD did […]
On March 29, a visit towards the price levels of 1.2980 (the lower limit of the newly-established bearish movement channel) could bring the GBPUSD pair again towards the upper limit of the minor bearish channel around (1.3160-1.3180). Since then, Short-term outlook has turned into bearish with intermediate-term bearish targets projected towards 1.2900 and 1.2850. On […]
Brilliant campaigns of “bears” on EUR/USD ended in failure. The first sign of their weakness was their inability to anchor below the support level of $1.13. And it all started so well. Why the euro bounced up while the dollar was thrown off its pedestal. After all, in economic terms, the positions of currencies are […]
Perhaps all the attention of traders today was focused on the news that British Prime Minister Theresa May announced her resignation. This decision was quite predictable, which did not lead to a significant change in the market situation, except for a small profit taking on the British pound in the area of large support levels. […]
To open long positions on GBP/USD, you need: Today’s news that British Prime Minister Theresa May will resign on June 7, passed for the market without a trace, as it was quite expected. Buyers of the pound in the second half of the day need to stay above the support of 1.2662, and the formation […]
To open long positions on EURUSD, you need: The goal of updating the resistance of 1.1206 was completed at the first half of the day, and as long as the trade is conducted above the new support level of 1.1178, the demand for the euro will continue. The main task of the bulls in the […]
In the past two weeks, the financial world has been thinking about the raging trade conflict between United States and China. This is after talks between the two countries ended, without any major outcome. In the aftermath, United States announced fresh $200 billion tariffs on Chinese goods while China imposed tariffs of more than $600 […]
This week, crude oil has been among the worst-performing assets in the world. The West Texas Intermediate (WTI) declined by more than 9% while Brent declined by almost 8%. This was the sharpest drop this year. There are two key reasons for this price action. First, traders are worried about the ongoing tussles on trade. […]
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 […]
This was a pivotal week for the markets as stock markets around the world declined sharply. At the same time, the yield on the US treasuries declined to their lowest level this year while crude oil had the sharpest decline. Some of the winners were the safe haven assets like the USD, yen, and gold. […]
EURAUD recorded decent gains in the past month, crossing above its 50- and 200-day simple moving averages (SMAs) to touch 1.6260, a high last seen in January. The short-term picture thus seems positive, though for the medium-term outlook to turn positive too, a break above 1.6350 is required. Short-term momentum indicators, however, suggest the rally […]
When there is too much negativity on the market, it can sadly end for bears. The sellers increased the EUR/USD quotes to the base of the 11th figure amid worsening European business activity and concerns of the ECB about a long period of slowing down of the eurozone economy. But, it did not take into […]
EUR / USD pair Trading the EUR/USD pair ended on Thursday, May 23, with an increase of 30 basis points, which somewhat confused the cards at the hands of traders. The wave pattern implied a further fall in the euro but now an alternative scenario is emerging, which implies the completion of the construction of […]
Yesterday’s collapse in crude oil prices, along with the fall of stock indices in Europe and the possibility of further negatively affect investor sentiment amid the protracted trade conflict between China and the United States may further, which ultimately will have an impact or rather already reflected in the real dynamics of the world economy, […]
Overview: Pivot point: 1.1166. The EUR/USD pair continues to move downwards from the level of 1.1192. Last week, the pair dropped from the level of 1.1192 to the bottom around 1.1111. Today, the first resistance level is seen at 1.1192 followed by 1.1216, while daily support 1 is seen at 1.1111. According to the previous […]
Overview: The NZD/USD pair is showing signs of weakness following a breakout of the lowest level of 0.6571. On the H1 chart, the level of 0.6571 coincides with 38.2% of Fibonacci, which is expected to act as minor resistance today. Since the trend is below the 38.2% Fibonacci level, the market is still in a […]
Bitcoin managed to regain momentum after a certain throwback towards $7,500 area recently. The price is currently residing at the edge of $8,000 and after certain corrections along the way, the price is expected to resume a rise in the coming days. BTC failed to break the resistance at $8,300 after several attempts, so it […]
EUR/USD trend: signal to the top Two events had an impact on the market: Theresa May’s resignation statement, which is expected Friday. It gives hope for a way out of the endless crisis around Brexit. Second: The US stock market showed a strong decline. At the same time, the yield of treasuries plummeted, this changes […]
As trade tensions continue to simmer and there’s no end in sight to the Brexit turmoil, risk sentiment will probably remain the biggest driver for forex markets in the coming week. But there will still be several market-moving events for investors to keep a watch on. PCE inflation numbers from the United States, Canadian Q1 […]
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 […]
You should never forget about the overbought or oversold of a particular currency, especially when it comes to the dollar. The longer the correction is delayed, the stronger and more unexpected the rebound. That is exactly what happened yesterday. At first, the dollar continued to grow steadily, supported by weak and rather strange preliminary data […]
https://pepperstone.com/en/forex-news/market-review -GBP Bounces vs USD -Dollar-Yen is back below 1.10 -The Kiwi finds its wings -A surprising move in the Rouble -US consumers will bear the cost of the trade war -Global demographics have passed a crucial benchmark The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, Darren Sinden. New […]
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 […]
Wall Street tumbles, yen soars on growth and trade concerns Dollar pulls back on mounting expectations for Fed easing Sterling catches its breath as May prepares to set departure date Risk sentiment takes a hit as soft PMIs revive growth worries Risk aversion dominated markets on Thursday, as alarming PMI data from major economies coupled […]
To open long positions on GBP/USD you need: Only a good report on retail sales in the UK, scheduled for release in the first half of the day, will help the British pound in overcoming the resistance at 1.2670 and continue its upward correction to the highs of 1.2730 and 1.2789, where I recommend taking […]
To open long positions on EURUSD you need: At present, the goal of euro buyers is a large resistance level of 1.1187, a breakthrough of which will allow you to count on the continuation of an upward correction with the update of highs of 1.1206 and 1.1237, where I recommend taking profits. In a downward […]
Today’s movement relative to 1/4 WCZ of 0.6519-0.6515 will allow determining further priority. If the closure of Asian trading occurs above the zone, then the continued growth will be the basis for trading at the end of this week. The determining resistance is the 1/2 WCZ of 0.6555-0.6548. While the pair is trading below this […]
Technical outlook: The EUR/USD pair just made a marginal low yesterday at 1.1107 levels before pulling back almost 100 pips. Those aggressive traders who managed to stay on the long side must exit taking profits now, while those got stopped out must stay flat for now. Please notice the arrows presented here projecting the bullish […]
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For years, Donald Trump has been critical of the US relations with the traditional US allies in Europe. He has also been critical of China and the threat it poses. In the 80s and early 90s, the president wrote full-page ads expressing his worries about the increasing trade deficits. When running for president, he continually […]
