The horizontal correction continues. Technical Market Overview: At the BTC/USD market, another leg down was made towards the level of $3,813, but the price has bounced from the trendline support around the level of $3,859 after the Hammer candlestick pattern was made. Nevertheless, the bounce is shallow and the market should resume its down move […]
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Yesterday, the euro worked with a rising scenario – it grew to the price level of 1.1309 (a low of January 3), where, having met with the MACD line on the four-hour scale and with the balance line of the daily scale, stopped in anticipation of further actions of investors. No reversal signals yet. The […]
On Tuesday, as expected, the British Parliament voted against the “improved” Brexit agreement. The pound sterling fell by 117 points and today, the market is completely calm in the Asian session. A possible panic was nipped in the bud – trading volumes were at its greatest since the beginning of the year, which indicates full […]
The Brexit mish-mash once again had a short-term impact on the Market. Uncertainty is never a good thing except for volatility trades. GBP/JPY should continue to trade above key support at 143.72 for a rally back to and above resistance at 147.79 for a continuation towards the channel resistance-line near 150.30. Only an unexpected break […]
Dear colleagues. For the currency pair Euro / Dollar, we follow the upward cycle of March 7 and the development of which is expected after the breakdown of 1.1317. For the currency pair Pound / Dollar, the situation is in equilibrium; the level of 1.3008 is the key resistance for the bottom and the level […]
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EUR/JPY seems to have reeached the bottom and it is moving higher again towards the channel-top near 127.75 and a break above this channel-top is ultimately expected for upside acceleration closer to the 161.8% extension target at 133.54. Key support is seen at 124.25 and only an unexpected break below here will invalidate our bullish […]
Technical Market Overview: The GBP/USD pair has bounced and rebounded from the technical support located at the level of 1.2959, hit the technical resistance zone located between the levels of 1.3258 – 1.3304 and made a widespread Pin Bar candle with a long upper shadow. In the result, the price reversed back towards the broken […]
Data on the growth of US inflation could not restore the dollar’s recent confidence. The release was rather weak, especially against the background of quite unimpressive forecasts. The market did not see an inflation spurt, and this fact again reminded traders of the Federal Reserve’s wait-and-see position. On the other hand, investors have already considered […]
Technical Market Overview: The EUR/USD pair has made another leg up and made local high at the level of 1.1304 which is just below the technical resistance zone located between the levels of 1.1316 – 1.1325. The move up has ended with a Shooting Star candlestick pattern, so the first indication of a possible trend […]
Morning Report: 07.00 London The pound is steady this morning after a volatile 24 hours that saw a strong rally on hopes for May’s deal then a sudden plunge as parliament rejected the deal. There are small gains this morning ahead of a ‘no deal’ vote which is widely expected to be a formality as […]
AUDUSD stretched slightly to the downside today, falling back below the 23.6% Fibonacci retracement level of the downleg from 0.8135 to 0.6746, around 0.7070 and the Ichimoku cloud. The technical picture remains to the upside as the MACD is trying to post a bullish crossover with the trigger line, while the stochastic is approaching the […]
EUR/GBP has been impulsive and volatile in the range of 0.8500 to 0.8650. Trading flat reflects market indecision at the moment. The positive economic report on the UK GDP did not quite help GBP to gain momentum over EUR immediately. But in the coming days, the pair is going to trade under certain bearish pressure. […]
Technical outlook: We have presented the 4H chart view for EUR/USD with an alternate probability. Please note that a major/critical point of the trend change would be the breakout of the price above the 1.1420 levels, which is immediate resistance as depicted here. Yesterday, we were looking for opportunities to go long on a dip, […]
https://pepperstone.com/en/forex-news/market-review -GBP falls from highs on Brexit vote -AUD and NZD pull back on weak Aussie data -The dollar gains vs the yuan and the won -UK MPs to debate the no deal Brexit option -China-US trade talks could still run into trouble -More bad news from Japenese industry -Do we pay too much attention […]
The EUR/USD pair has moved slightly higher this week. Yesterday, the pair rose from a low of 1.1170 and reached a high of 1.1270. This happened as investors have ignored the tensions rising between the US and European Union. This article summarizes the key contentious issues. Trade For years, European Union and United States have […]
Germany is the biggest economy in Europe. It is also one of the closest American allies. It is also a member of the North Atlantic Treaty Organization (NATO), which was formed after the second world war to provide security against the soviets. NATO is headquartered in Brussels, Belgium and is made up of the biggest […]
The European Central Bank has been quite active for regaining momentum for the Eurozone economy while facing the slowdown crisis. The euro is currently observed to be regaining momentum over the yen and this trend is expected to extend further. The European Central Bank policy makers want to reduce the dependency of eurozone banks on […]
For the last trading day, the currency pair Euro / Dollar showed extremely low volatility of 37 points. Isn’t it preparing for something interesting? From the point of view of technical analysis, we have a corrective movement from the value of 1.1176, where the quotation successfully returned above the range level of 1.1214 and went […]
Last week, the single European currency against the US dollar sank to its lowest level for the first time since 2017. From a technical point of view, the situation in the EUR/USD pair is far from unambiguous. On the one hand, quotes broke through the levels that kept the single European currency from falling throughout […]
Brent futures quotes wandered near four-month highs and there are more and more conversations in the market that black gold is returning to the tug-of-war between OPEC and American manufacturers. While the cartel and other countries, including Russia, are working to stabilize the situation by reducing production, companies from the United States, on the contrary, […]
USDSGD has been stuck in a sideways range since January, stalling a downtrend that began from the 15-month high of 1.3863 in October 2018. The pullback came to a halt at 1.3434, slightly above the 50% Fibonacci retracement of the upleg from 1.2999 to 1.3863, and price action has since been hovering around the 38.2% […]
After yesterday’s news from Theresa May, the British pound seems to have found strength in itself and significantly strengthened against the US dollar, but today, in the first half of the day, despite good data on UK economic growth, it just fell off. All this once again proves all the nervousness of the situation that […]
To open long positions on GBP / USD you need: Now, it is difficult to predict something in one direction or another, as much will depend on the Brexit vote. Good data on GDP does not help the buyers. Currently, long positions are best viewed with a decline and support test at 1.3077 and 1.3018. […]
To open long positions on EURUSD you need: Weak inflation in the US helped the European currency to remain at the levels reached in the morning. At the moment, bulls need a breakdown with consolidation above the resistance of 1.1288, which will increase demand and lead to a test of new highs 1.1317 and 1.1343, […]
Brexit, Brexit, Brexit. This week, there is nothing more important than a vote on the UK leaving the EU on Tuesday, Wednesday, and maybe on Thursday. It is expected that it will take place after the debate. There are two voting results: Parliament supports the draft deal Parliament rejects the draft deal The first item […]
Gold has been trading within the Ichimoku cloud after the rebound on the bullish crossover of the 20-and 40-simple moving averages (SMAs) around 1290.45 in the 4-hour chart. Looking at momentum indicators, the RSI is strengthening momentum above the 50 level as it is sloping upwards, while the MACD is trying to surpass the trigger line in the […]
The next focal point for the dollar will be the release of durable goods orders for January, on Wednesday at 12:30 GMT. Forecasts point to a relatively soft set of data, which may further amplify concerns around a looming US slowdown, and by extent cause the greenback to give back more of its recent gains. […]
