China will publish monthly trade numbers on Wednesday to be followed by inflation figures for April on Thursday. There is no confirmed release time for the trade data, but Thursday’s price readings are due at 01:30 GMT. The latest stats on goods inflow and outflow come amid a fresh spike in trade tensions with the […]
The Australian dollar jumped sharply after the central bank of the left. The currency rose by about 0.7 percent, to $ 0.7035, after the Reserve Bank of Australia (RBA) kept the rate at 1.50 percent. It is worth noting that the decision of the bank was expected, despite calls for easing of monetary policy after […]
In anticipation of the decision of the Reserve Bank of Australia (RBA) on monetary policy, the AUD / USD pair slipped to 4-month lows. The sale of the Aussie was primarily caused by the threat of an escalation of the trade conflict between Washington and Beijing. In addition, analysts had expected the Australian Central Bank […]
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 […]
Yesterday, the euro was limited in growth against the US dollar, as well as the British pound. The growing tension in the negotiations between the US and China affected the stock markets again, which also partially affected the currency market. Also yesterday, during his speech, US sales representative Lighthizer stated that China refuses to fulfill […]
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After more than 4 months of calm in the financial market, volatility returned to the markets yesterday. This is after Donald Trump sent shockwaves on Sunday when he tweeted that the 25% tariffs on Chinese goods will go into effect on Friday. This left many, including the Chinese in shock because a deal was expected […]
Australia is an important country for the financial market for a number of reasons. First, it is the 14th largest economy in the world with a GDP of more than $1.46 trillion. Second, it is a leading producer of key commodities like coal and iron ore. Third, because of the volumes of trade it does […]
ETHUSD has come under renewed buying interest over the last five days, rising back above the 20- and 40-simple moving averages (SMAs) in the daily chart. The positive bias in the near term is also supported by the RSI, which has been hovering above the 50-neutral level in the past few days, while the stochastic […]
To open long positions on GBP/USD you need: Yesterday, buyers managed to show themselves in the support area of 1.3078, and today their main task for the first half of the day will be a consolidation above the resistance of 1.3130, which will break the upper limit of the downward channel that was formed and […]
To open long positions on EURUSD you need: Yesterday’s weak data from the eurozone put the euro’s further growth at risk. The main goal today will be the breakdown and consolidation above the resistance of 1.1218, which will lead EUR/USD to the area of last week’s high to 1.1260 and maintain the upward potential with […]
Wave counting analysis: On May 6, the GBP / USD pair lost about 75 bp, but is already growing again. Considering all the events taking place in the UK, it is somewhat strange to observe such an increase. Nevertheless, you can find a basis for the purchase of the tool, which does not fit in […]
Wave counting analysis: On Monday, May 6, the trading ended for the pair EUR / USD without any changes. The wave pattern of the downward trend is more complicated, but it still implies a decline in the pair. Unfortunately, the news background, which should have caused sales of the instrument, does not attract the attention […]
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 […]
WTI oil futures managed to close with marginal gains on Monday after falling below the longer-term 50 and 200-day simple moving averages (SMA) to touch a one-month low of 60.02. The short-term bias, though, remains neutral-to-negative as the MACD is losing steam below its red signal line and moving towards zero, while the RSI seems to be unable to return above its 50 neutral […]
US stocks stage comeback as markets doubt Trump’s tariff threats Aussie soars after RBA remains on hold RBNZ decides next – may also disappoint those looking for a cut Stocks bounce back as traders doubt Trump will escalate All eyes remain on the US-China trade conflict. Risk sentiment recovered yesterday as the session progressed, with […]
Markets continue to act out Trump’s statement regarding his intention to increase import duties on Chinese goods this coming Friday, but no panic sales have been observed. The Shanghai Composite has adjusted upwards following yesterday’s collapse, the growth in demand for gold is low, the yen weakens, the S&P 500 closed at 2932.47p, which is […]
Dear colleagues. For the currency pair Euro/Dollar, the development of the local upward structure of May 3 is expected after the breakdown of 1.1220. For the currency pair Pound/Dollar, the price is in the area of local initial conditions of May 3 and the continuation of the upward movement is expected after the breakdown of […]
Following the stock market’s decline from yesterday, in the wake of the new-old threats by the US president to raise trade duties on Chinese exports, the markets calmed down somewhat, but still, as they say, left hanging in suspense. Although investors believe that D. Trump’s threats are just words, because too many opposing sides have […]
For the last trading day, the euro / dollar currency pair showed low volatility of 38 points, as a result of having stagnation followed by exit. From the point of view of technical analysis, we have a primary stagnation at the level of 1.1180, where the developed range was subsequently broken through, restoring the quote […]
GBPUSD has found strong support at the six-week low of 1.2865 on April 25, shifting the short-term negative bias to bullish. Also, cable penetrated the descending trend line to the upside and it jumped above the 23.6% Fibonacci retracement level of the upleg from 1.2390 to 1.3380 around 1.3150 but it pared some of those […]
Over the past trading day, the currency pair pound / dollar showed volatility close to the average daily 89 points, as a result of reaching the predicted value. From the point of view of technical analysis, we see that the pullback that followed the impulse rally reached the predicted value of 1.3080, which reflected the […]
Crypto Industry News: The social media giant Facebook acquired the trademark “Libra” for its secret cryptocurrency project, according to the information from the financial media, who claims that a source familiar with this issue has confirmed that Facebook is recruiting financial companies to develop its own cryptocurrency, and the codename and product name is Libra. […]
Pfizer Inc. and other leading US pharmaceutical companies have joined the Blockchain network construction project for the medical and pharmaceutical industries, according to the published press release. The McKesson Corporation, AmerisourceBergen Corporation, and Premier Inc. joined the MediLedger working group and Pfizer Inc. MediLedger – Blockchain initiative of Chronicled Inc. based in San Francisco – […]
Technical Market Overview: The EUR/USD pair has made it to 61% of the Fibonacci retracement of the previous wave down and the price is testing the level of 1.1215. This would be a perfect place to terminate the corrective bounce and go back to the downtrend. Any higher movement towards the technical resistance zone located […]
Technical Market Overview: The GBP/USD pair has retraced 50% of the recent sudden move up and the market has bounced from the level of 1.3082. The bulls might try to move higher again and try to test the recent high made at the level of 1.3175 as the momentum is still above its fifty levels […]
EUR/USD On Monday, the euro did not develop a downward movement, preferring a consolidation near Friday’s high. The price has consolidated above the balance and MACD lines on the four-hour chart, the signal line of the marlin oscillator on the same scale from the border with the decline territory is turning up. The price, like […]
Morning Report: 07.00 London The Australian dollar is out-performing this morning after the RBA opted to keep rates on hold overnight rather than cut to 1.25 as was widely expected. This, coupled with better than expected retail sales has seen the AUD/USD launch higher and erase all the damage from Monday’s opening gap lower to […]
https://pepperstone.com/en/forex-news/market-review -GBP and EUR gain vs the USD -JPY and CHF strengthen against the greenback -A relief rally in the Aussie -Better retail sales and trade data add to AUD cheer -Trump throws a tariff spanner into US-China trade talks -Local election results are voided in Turkey -Central bank speakers and German factory orders on […]
