USD / JPY pair Yesterday, the Japanese yen was practically standing still in the range of consolidation in the last six sessions. The price with fresh forces broke the range downward this morning but met with strong support near the October 15 minimum of 111.64. It also briskly returned to increase and the bottom line […]
NZD / USD pair On the daily chart, the price consolidated before the minimum on April 17 in the last three sessions with the Fibonacci reaction rate of 123.6% at the price of 0.6664. Overcoming this level will signal the price to open with the closest target of 0.6630, which is a Fibonacci level of […]
Dear colleagues. For the currency pair Euro/Dollar, the price is in correction from the downward trend and forms the potential for the top of April 18. For the currency pair Pound/Dollar, we follow the development of the downward structure of April 12 and the main trend is expected after the breakdown of 1.2959. For the […]
GBP/JPY continues to trade sideways doing nothing. As long as the important support at 144.90 is able to protect the downside, we will be looking for a breakout above minor resistance at 145.55 confirming the renewed upside pressure towards the important resistance at 147.00. Only a breakout below 144.90 will open the way to test […]
GBP / USD In yesterday’s thin market, the pound fell by only 7 points at the end of the day. The price timidly felt the support of the range 1.2978-1.3012, but could not gain a foothold under it. On the daily scale chart, the situation has not changed, the indicators are almost identical to the […]
Resistance at 126.80 has held firm, but the correction from here should only prove to be temporary and will ideally stay above support at 125.45 for a breakout above minor resistance at 126.10 and, more importantly, a breakout above resistance at 126.80 that yields a continuation of the upward movement towards 127.50 and 129.30 as […]
EUR/USD On Monday, the euro slightly rose, adding 11 points, probably due to an increase in oil by 2.60% on the US statement about a total ban on buying Iranian oil. In response, Iran threatened to block the Strait of Hormuz. Given the increasing tension in Libya, where a full-fledged war is taking place, the […]
When the European market opens, some economic data will be released such as Consumer Confidence. The US will also publish the economic data such as Richmond Manufacturing Index, New Home Sales, and HPI m/m, so amid the reports, the EUR/USD pair will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Breakout […]
In Asia, Japan will release the BOJ Core CPI y/y and the US will publish some economic data such as Richmond Manufacturing Index, New Home Sales, and HPI m/m. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Resistance. 3 : 112.31. Resistance. […]
https://pepperstone.com/en/forex-news/market-review -GBP trades back below $1.30 -AUD & NZD pull back sharply on a weekly time frame -The dollar gains versus the Swiss franc -The rand can’t maintain its recent momentum -The UK parliament re-opens today and Brexit is front and centre -Beijing warns on property speculation – too little too late? The overnight changes […]
Despite the global lull in the Forex market, traders do not seem to relax. The bottom, where JP Morgan’s world currency volatility index turned out to be, may portend strong fluctuations in the US dollar exchange rate – this has happened three times in the past 25 years. Some currency strategists warn that they should […]
According to the observations of experts, after the news about the possibility of a complete ban by the United States on any operations with Iranian oil, the price of black gold soared to $74 per barrel. Experts believe that Washington will fulfill the promise and introduce a full embargo on oil from Iran. As a […]
The dollar started a new week on the positive. The mood of the US currency has improved the consensus forecast of Bloomberg experts, according to which the US economy in the first quarter will expand by 2.2%, and not by 1.5%, as was said in March. At the same time, the respondents from Wall Street […]
Frankly, last week was supposed to be extremely boring and languid. Although a lot of extremely interesting macroeconomic data were released. But the week was short because of Easter, for which all respectable Europeans, who started to rest on Friday, were preparing very actively. But before that, it was still necessary to go shopping, buy […]
FX: How to Trade in a Low Volatility Market In the month of April, volatility in the currency market has fallen to its lowest level in 5 years. In periods like this many analysts argue that big moves on the horizon but it could be upwards of a year before that happens. The last time […]
FX: How to Trade in a Low Volatility Market In the month of April, volatility in the currency market has fallen to its lowest level in 5 years. In periods like this many analysts argue that big moves on the horizon but it could be upwards of a year before that happens. The last time […]
FX: How to Trade in a Low Volatility Market In the month of April, volatility in the currency market has fallen to its lowest level in 5 years. In periods like this many analysts argue that big moves on the horizon but it could be upwards of a year before that happens. The last time […]
The Australian dollar paired with the US currency is gradually declining against the background of an absolutely empty economic calendar. By and large, Australia’s trading floors this week will be open for only three days: today the country celebrates Easter Monday, and it will celebrate ANZAC Day on Thursday – the national holiday of Australia […]
On January 2nd, the market initiated the depicted uptrend line around 1.2380. A weekly bearish gap pushed the pair below the uptrend line (almost reaching 1.2960) before the bullish breakout above short-term bearish channel was achieved on March 11. Shortly after, the GBPUSD pair demonstrated weak bullish momentum towards 1.3200 then 1.3360 where the GBPUSD […]
On January 10th, the market initiated the depicted bearish channel around 1.1570. Since then, the EURUSD pair has been moving within the depicted channel with slight bearish tendency. On March 7th, recent bearish movement was demonstrated towards 1.1175 (channel’s lower limit) where significant bullish recovery was demonstrated. On March 18, a significant bullish attempt was […]
Coca-Cola Co’s share price is almost 7% above its February troughs when the board expressed that sales growth is set to slow down this year, staging the largest daily sell-off in more than a decade. The soda giant is now ready to announce its first quarterly earnings results for 2019 on Tuesday April 24th before […]
The Bank of Canada (BoC) will announce its latest policy decision on Wednesday at 14:00 GMT. No action is expected, so all eyes will be on the accompanying statement, updated forecasts, and Governor Poloz’s tone. Markets seem to expect an overly dovish message, and while the Bank is indeed likely to appear cautious overall, it […]
Investment banking giant JPMorgan Chase is planning to expand an existing blockchain project to include settlement features as it seeks to fend off competition from payments upstarts such as TransferWise and Ripple. We got some positive vibes from institutions about cryptos but the price action still suggest indecision. Technical picture: According to the H4 time-frame, […]
EUR/USD has been trading upwards in past few sessions. The price tested the level of 1.1250. According to the H4 time-frame, we found that there is the breakout of the larger upward channel in the background, which his sign that sellers are in control. We also found that bearish flag in creation, which is another […]
Gold has been trading downwards in past few sessions. The price tested the level of $1.270.80. According to the H4 time-frame, we found that there is the breakout of the 4-month long head and shoulders pattern in the background, which is sign that downward price is expected. Also, the rounding top formation is in the […]
FXTM Research Analyst, Lukman Otunuga, rounds up all the key market events for this week, and pinpoints what traders might look out for ahead, including: • Currency markets struggle to shake off the holiday hangover • Oil prices jump to a fresh 2019 high • US GDP report in sharp focus For more Market Analysis […]
Brent futures skyrocketed towards a multi-month high of 74.30 earlier today but are currently moving slightly below this level. The red Tenkan-sen and the blue Kijun-sen lines are flattening below the price action, suggesting a flat bias after the aggressive buying interest. According to the RSI, the market seems to be ready for negative correction […]
The announcement of the cancellation by Washington with the grace period for buyers of Iranian oil not only became a catalyst for more than 3% of Brent and WTI rally, but also allowed the currencies of black gold exporting countries to strengthen their positions in the race for the title of the best performer among […]
Wave counting analysis: On April 19, the pair GBP/USD gained only a few base points and remained near the bottom forming a narrowing triangle of the line. A highly anticipated scenario. Market activity is now almost zero, there is no news, and the triangle itself does not yet give grounds for more active behavior. Everyone […]
Despite the fact that the EUR / USD pair remains close to multi-month lows, experts of Nordea Bank believe that the current ratio of potential income and risk is quite attractive in opening long positions. The reason for Nordea’s upbeat sentiment on the euro was a message from the Middle Kingdom regarding the news in […]
