Overview: The USD/CHF pair continues moving in a bullish trend from the support levels of 0.9895 and 0.9948. Currently, the price is in an upward channel. This is confirmed by the RSI indicator signaling that the pair is still in a bullish trend. As the price is still above the moving average (100), immediate support […]
Overview: The GBP/USD broken resistance at 1.3221 which acts as support this this week. The pair is moving between the levels of 1.3221 and 1.3382. As the trend is still above the 100 EMA, a bullish outlook remains the same as long as the 100 EMA is headed to the upside. Consequently, the level of […]
The decision of the RBNZ was unexpected and logical. Earlier, the currencies of the Pacific region, particularly the Australian and New Zealand dollars received support in the wake of the steady growth of the Chinese economy and the world as a whole. Last year, their positions were somewhat shaken on the wave of the commencement […]
The closeness of the result of confusing history with Brexit makes everyone very nervous. So much that when it is necessary to keep silent, the people’s deputies of Her Majesty’s subjects cannot keep their mouths shut. . Yesterday, when it was really worth settling down and thinking about everything, and most importantly, not to frighten […]
On Wednesday and Thursday, the British Parliament appointed key voting options for Brexit – control over the process is now in the hands of Parliament – and we need to determine the option that has a chance to acquire a majority. The options are very different ranging from – withdrawing from the EU without an […]
Over the past trading day, the currency pair British pound/ US dollar showed volatility just below the daily average of 103 points, as a result of continuing the fluctuation in a given framework. From the point of view of technical analysis, we see that the quotation has clamped itself within the framework of 1.3170 / […]
Despite a number of negative fundamental data, which was released yesterday on the American economy, the US dollar strengthened its position against the euro. Traders and investors reacted positively to the quotations of futures on the Fed’s rates, where the probability of their decline by the end of the year was estimated at 66% versus […]
The kiwi declined sharply in overnight trading after the Reserve Bank of New Zealand (RBNZ) delivered its interest rates decision. As expected, the bank left interest rates unchanged at the 1.75% level where they have been since June 2016. What moved the currency was the accompanying statement that pointed to a rate cut in the […]
This week, the UK parliament voted that it will take over the Brexit period. This was a blow for Theresa May, who was hoping to force the MPs vote for her deal before the Friday’s deadline. It now appears that the country will remain in the European Union for a longer period as the MPs […]
Copper is an important metal used by billions of people every day. As you read this, there is some copper in your computer or smartphone. The power that you use to charge the devices relies heavily on the metal. Because of this importance, copper is often viewed as a barometer for the global growth. This […]
Risk Warning: 69.75% 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 […]
EURJPY is trading slightly lower in the 4-hour chart on Wednesday after finding resistance at the 125.00 psychological level, which is currently near the upper Bollinger Band. Moreover, the pair is trading below the 20- and 40-simple moving averages (SMAs), while the RSI and the MACD are marginally declining in the negative area, suggesting a bearish picture for the short term […]
NZDUSD plunged by 1.5% and straight to a two-week low of 0.6792 early on Wednesday after an attempt to reach resistance around its previous peak of 0.6940. The October uptrend line drawn from the 32-month low of 0.6423 seems to be acting as support once again, though, the risk remains on the downside as the […]
The demand for the American currency is growing again, in the wake of yet another concern about the global economic crisis. Following the deceleration of key indicators in Europe, the USA and China, another alarm came. For the first time in the last 12 years, the yield curve for Treasuries with maturities of 3 months […]
Trend analysis (Fig. 1). On Wednesday, there is a high probability of a downward movement. The first lower target of 1.3135 is the rolling level of 23.6% (blue dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis is neutral; […]
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 – 27.03.2019 Related Posts:Energy in Focus: […]
Dollar firmer despite weak US data as Treasury rally eases New Zealand dollar nosedives after RBNZ says rate cut more likely than a hike Pound choppy ahead of crucial indicative votes on Brexit in Parliament Steadier Treasury yields help dollar regain some footing The US dollar edged higher against a basket of currencies on Wednesday, […]
At the moment, none of the major central banks are preparing to raise interest rates, the threat of a recession will contribute to a fall in market rates. The change in the central banks’ position to a more dovish stance caused the stock markets’ growth, but this growth is less and less supported by fundamental […]
Trend analysis (Fig. 1). On Wednesday, the price may continue to move down. The first lower target of 1.1241 is the pullback level of 76.4% (yellow dotted line). In case of the breakdown of this level, there will be further downward movement with testing of the support line (blue bold line) which is 1.1224. Fig. […]
4h As seen on the 4-hour chart, the EUR/USD pair made a U-turn in favor of the American dollar and consolidation below the Fibo level of 23.6% (1.1269), after quitting the quotes from the retracement level of 38.2% (1.1328). As a result, on March 27, the process of falling of the pair can be continued […]
4h As seen on the 4-hour chart, the GBP/USD pair canceled a bearish divergence, but the movement in recent days is “ragged” and unstable. The pair remains likely to return to the retracement level of 100.0% (1.3300), but with the same probability, it can make a fall to the retracement level of 76.4% (1.3094). New […]
Technical market overview: The GBP/USD pair has broken above the orange trendline and tested the technical resistance level at 1.3258 and then suddenly reversed back below the trendline. This market behavior might indicate a false breakout, which is now a major reversal sign for the market participants. This is why the continuation of the down […]
Risk Warning: 69.75% 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: 69.75% 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 […]
EURUSD was very weak yesterday as price broke below the 61.8% Fibonacci retracement at 1.13 and has made a new lower low towards 1.1250. Bulls were unable to break above the short-term resistance and the absence of a strong bounce has led to another selling round. Red line – major resistance trend line Green line […]
Gold price has pulled back from the recent highs at $1,324.50 towards $1,315. Short-term trend remains bullish with bulls targeting $1,350-60 area if they manage to retake the $1,333 resistance area. Red line – long-term support Green rectangle – major horizontal support area Blue rectangle – resistance area Blue line – short-term support trend line […]
Technical market overview: The EUR/USD pair has made another leg lower, below the 61% Fibonacci retracement that is now past. The new low was made at the level of 1.1254, almost hitting the technical support at the level of 1.1249. The market unfolds as anticipated and the bearish pressure is still present, so the down […]
Technical market overview: The ETH/USD pair has violated the trendline around the level of 133.00 and made a new local high at the level of 136.15, which is just below the technical resistance at the level of 136.54. Despite this move up, the outlook is still bearish as there is uncompleted wave (c) to the […]
Technical market overview: The BTC/USD pair has made the new local low at the level of $3,903 and then suddenly bounced back above the technical resistance at the level of $3,967. Currently, the market is trading around the level of $4,018, below the technical resistance at the level of $4,048. The down move was made […]
Morning Report: 07.00 London The dollar index is on the rise this morning despite poor US consumer confidence figures last night. The New Zealand dollar is only a small counter weight, but is struggling this morning after the RBNZ offered a dovish rate statement. The AUD/USD is one of the worst performers, catching some of […]
