The wave of optimism that came from China turned out to be short-lived. The published strong GDP data from the labor market, as well as the values of retail sales, could only temporarily maintain positive sentiment in the markets. In our opinion, they only brought confusion and allowed speculators to use them only as a […]
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 […]
US markets retreat as healthcare stocks ‘feel the Bern’ Moves in FX generally subdued, but euro takes a hit after German PMIs Retail sales data coming up in UK, US, and Canada today Wall Street inches down as healthcare stocks weigh ‘Sanders risk’ US equity markets retreated modestly on Wednesday, with losses in the healthcare […]
The AUD/USD pair ignored data on the Australian labor market, which were published today during the Asian session. The release turned out to be rather contradictory but it was quite good as a whole since many parameters turned out to be better than expected. Yet, the Australian dollar froze in place and did not even […]
To open long positions on EUR / USD pair, you need: Today, the direction of the market will set the reports for the eurozone countries. If buyers manage to return to the resistance level of 1.1301, then we can expect a larger upward trend with the return and repeated test of the maximum of 1.1323. […]
To open long positions on the GBP / USD pair, you need: Inflation data did not help the pound to return above the middle of the channel, as they completely coincided with economists’ forecasts. It is best to consider long positions in the GBP/USD pair after returning and fixing above the resistance of 1.3064, which […]
Crypto Industry News: Enterprise Ethereum Alliance (EEA), in cooperation with leading international companies, including from Microsoft, launched a neutral Token Taxonomy Initiative (Token Taxonomy Initiative). The initiative will seek to define tokens in non-technical and cross-industry terms, seeking to increase the importance of corporate tokens. The EEA describes itself as an organization aiming at developing […]
Morning Report: 07.00 London This morning, the dollar index is on the back foot again, ahead of key retail sales data later today. The dollar pairs are mixed, with the AUD/USD posting a second day of small back to back gains – This comes after better than expected employment change data. The EUR/USD is unchanged, […]
Stay informed about headline news and trends across the world’s ever-fluctuating financial markets through Binary TV. From stocks and commodities to global currencies, indices, and more, we help you keep up-to-date with our Daily Financial Market News, all brought to you exclusively from Binary.com Binary_com – Daily financial news – 18.04.2019 Related Posts:EUR/USD. Analysis for […]
NZDUSD reached a fresh three-month low of 0.6665 on Wednesday but it failed to end the day below the medium-term consolidation area with upper boundary the 0.6940 resistance and lower boundary the 0.6720 support. The pair remains slightly below the 200-day simple moving average (SMA) suggesting more losses, while the RSI indicator is sloping south […]
USDJPY has been on the sidelines for the most part of the week as the 112 level seems to be a real struggle for the bulls. Technically, the price could lose some ground in the short-term as the RSI is changing direction to the downside and towards its 50 neutral mark, while the Stochastics are warning over […]
Crypto Industry News: The team behind BlockShow, an international event supported by Blockchain, began a campaign to collect donations in cryptocurrencies for the reconstruction of the Notre Dame cathedral. The news was announced on the official BlockShow Twitter account. In a tweet, the BlockShow team revealed that it initiated a campaign to raise funds for […]
EURUSD continues to trade near the upper channel boundary resistance at 1.13-1.1330. Short-term trend remains bullish and nothing has changed. Medium-term trend remains bearish as long as price is below 1.1350-1.14. Red lines – bearish channel Green rectangle – major support Black line – major trend line resistance Blue lines – short-term bullish channel EURUSD […]
AUD / USD pair The Australian dollar launched an attack on the expansion of the price channel yesterday, which was successful. However, an active attempt to grow was soon suppressed in the preceding days. The weakness of growth was determined by the marlin oscillator, which plotted a horizontal line lasting for 4 days on the […]
Technical Market Overview: The GBP/USD pair is still trading inside of the narrow horizontal zone located between the levels of 1.3020 – 1.3060 after the volatility dropped to extremely low levels. This range is a part of a larger consolidation located between the levels of 1.2996 – 1.3131 and only a breakout out of the […]
Gold price as mentioned in our last analysis has broken below important support area. Gold price remains in a bearish trend since topping back in February 2019. Gold price target is at $1,250-60 and we may also see a deeper correction towards $1,220. Green rectangle – major support Red rectangle – target Black line – […]
Technical Market Overview: The EUR/USD pair has made another rally towards the technical resistance at the level of 1.1323, but the bulls were too weak to break through the resistance. In the result, a possible Double Top formation was made at the level of 1.1323 and the candlestick formations that build this are Bearish Engulfing […]
EUR / USD pair Good data on the trade balance of the Eurozone came out on Wednesday, which hindered the European currency to fall. Yet, the growth of the euro was limited because of various fundamental reports such as the release of the Fed’s “Beige Book” of the Fed, which shows the growth of the […]
GBP / USD pair The British pound fell by only 7 points yesterday, which was supported by a slight optimism for the euro in other neutral conditions. The price was fixed below the MACD line of the day and four-hour timeframes. On both charts, the price is also below the balance line. The Oscillator marlin […]
On Tuesday, the euro was blocked by a Reuters message for euro buyers and the major pair closed lower. However, rumors that representatives of the ECB doubt the growth of the eurozone economy could not change the mood of market participants. On Wednesday, the quotation of euro/dollar pair returned to the level of $1.1314. Growth […]
In this webinar, Head of Research, Chris Weston, looks at the key macro themes market participants will face in Q2 and beyond, and eyes the triggers which could promote higher volatility and how to play it . Related Posts:Technical Analysis – GBPJPY trades lower ahead of key market… April 7, 2024 GBPJPY is in the […]
4 hour timeframe The amplitude of the last 5 days (high-low): 77p – 60p – 82p – 52p – 58p. Average amplitude for the last 5 days: 66p (72p). On Wednesday, April 17, the British pound continues its downward movement in comparison with the previous day. Prospects for the further fall of the British pound […]
4 hour timeframe: The amplitude of the last 5 days (high-low): 58p – 38p – 71p – 23p – 35p. Average amplitude for the last 5 days: 45p (44p). The third trading day of the week ends for the EUR/USD pair in a new round of downward correction. It managed to repeat today what was […]
Today, the Canadian dollar was able to simultaneously disappoint both bears and bulls of the USD/CAD pair. After the release of data on the growth of inflation in Canada, the Looney unexpectedly showed a downward impulse and quite confidently, almost 100 points lower. As soon as traders adapted to the new conditions, the pair sharply […]
USDJPY is approaching our first resistance at 112.12 (horizontal swing high resistance, 76.4% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 111.35 (61.8% Fibonacci retracement ). Stochastic is also approaching resistance where we might see a corresponding drop in […]
On January 2nd, the market initiated the depicted uptrend line around 1.2380. This uptrend managed to initiate two successive bullish waves towards 1.3200 (Jan. 25) then 1.3350 (Feb. 27) before the bearish pullback brought the GBPUSD pair towards the uptrend on March 8th. A weekly bearish gap pushed the pair below the uptrend line (almost […]
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. Bullish persistence above 1.1270 enhanced further bullish advancement […]
The positive balance of current account of payment balance of the eurozone has declined, but the positive balance of foreign trade in the eurozone increased. Such data were presented today in the morning. The report on inflation in the eurozone traders ignored, as it coincided with the forecasts of economists. As indicated in the report […]
To open long positions on GBP/USD, you need: Inflation data fully coincided with the forecasts of economists, which led to a slight decline in the pound in the morning. Consider long positions in GBP/USD is best after the return and consolidation above the resistance of 1.3064, which will update the upper limit of the wide […]
