GBP/USD At yesterday’s meeting of the Fed, it was announced that the hawkish monetary policy was terminated and even some softened their stance by stopping the reduction of the Fed’s balance sheet in October of this year. But the situation around Brexit is heating up. Prime Minister Theresa May requests the EU to give them […]
Morning Report: 07.00 London Markets were shaken yesterday by two major market moves. The first being Brexit entering its final phase, with the EU surprising many by putting conditions on an extension. The EU has said it will only grant an extension if MPs accept Theresa May’s final proposal, a move that has dramatically increased […]
Today’s movement is still a rising impulse, as the pair has not yet reached the zone of the average weekly movement. The next important target in case of continued growth is the level of 0.7192. This is a significant February high, in which the pair has been trading for a long time. The probability of […]
https://pepperstone.com/en/forex-news/market-review -AUD and NZD up on the day -MXN adds to its weekly gains vs USD -Dollar index up on the session down on the week -UK Retail sales and the BOE on the calendar -A dovish Fed sees US rates on hold in 2019 -Key meetings in Brussels today -Rome risks upsetting the EU […]
Today, the pair is trading near the weekly KZ 110.35-110.18, which is within the daily average. This makes it possible to lock in sales that are open at the upper boundary of the flat range. The test level of 110.27 must be considered for demand to appear. If a purchase pattern is formed at the […]
USD / JPY On Wednesday, the USD / JPY pair, under the general weakening of the US currency after the “soft” meeting of the Fed, lost 74 points. There was a technical price reversal from the MACD line on a four-hour chart, after which the price went under the red line of the daily scale […]
Dear colleagues. For the currency pair Euro / Dollar, the price is near the limit values, and therefore we expect a departure in the correction. For the currency pair Pound / Dollar, the price is in equilibrium and the upward movement is possible after the breakdown of 1.3311. For the currency pair Dollar / Franc, […]
When the European market opens, some economic data will be released such as ECB Economic Bulletin and EU Economic Summit. The US will also publish the economic data such as Natural Gas Storage, CB Leading Index m/m, Unemployment Claims, and Philly Fed Manufacturing Index, so amid the reports, the EUR/USD pair will move with low […]
In Asia, Japan will not release any economic data today, but the US will publish some economic data such as Natural Gas Storage, CB Leading Index m/m, Unemployment Claims, and Philly Fed Manufacturing Index. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: […]
In anticipation of an important event for the financial markets, the G7 currency volatility fell, with the exception of the pound. However, in this case, stabilization should not be taken as a hint of an imminent explosion. It is unlikely for the head of the US central bank to appear as a “hawk” before the […]
4-hour timeframe The amplitude of the last 5 days (high-low): 319p – 123p – 97p – 116p – 70p. Average amplitude for the last 5 days: 145p (188p). Ahead of the announcement of the Fed’s results and the Bank of England, which is scheduled for tomorrow, the British pound sterling fell against the US dollar. […]
4-hour timeframe The amplitude of the last 5 days (high-low): 61p – 44p – 44p – 40p – 28p. Average amplitude for the last 5 days: 43p (49p). On Wednesday, March 20, the EUR/USD currency pair continued to amaze with its stability. For more than ten consecutive days, the pair has been showing daily moderate […]
In this video, Chris Weston looks at the March Fed meeting and more holistically at the troubling message portrayed by key central banks. So, unless we see renewed signs of green shoots, long gold still looks compelling Related Posts:Technical Analysis – USDCAD blossoms ahead of central bank… April 16, 2024 USDCAD rises rapidly; reverses November-December […]
The pound declined in response to today’s events, although, by and large, there is no reason for panic: it was just that the market had high expectations. Therefore, with high probability, we can assume that the GBP/USD’s downward movement will not receive a large-scale continuation – unless Brussels is surprised by a more stiff position […]
On January 2nd, the market initiated the depicted uptrend line around 1.2380. This uptrend line managed to push price towards 1.3200 before the GBP/USD pair came to meet the uptrend again around 1.2775 on February 14. Another bullish wave was demonstrated towards 1.3350 before the bearish pullback brought the pair towards the uptrend again on […]
Australian employment figures will be carefully watched on Thursday at 0030 GMT as the central bank keeps relying on a tighter labor market to cushion the damage from a tumbling housing market. The consensus however is for slower jobs growth in February and a steady unemployment rate, a piece of evidence that monetary stimulus might still be necessary to support […]
UK 100 stock index (FTSE 100) has advanced considerably after touching the 38.2% Fibonacci retracement level of the downleg from 7900 to 6533, around 7060. During Tuesday’s session the price gained some more ground driving the market towards a fresh five-month high of 7350. The flatly aligned Tenkan- and Kijun-sen lines are indicative of a possible weaker momentum than […]
The British pound began to gradually decline against the US dollar after appearing on the market that British authorities did not intend to ask the EU for a long postponement of Brexit. This was announced by government representatives. The short period of delay will not allow the Prime Minister of the United Kingdom to get […]
The next focal point for the kiwi dollar will be New Zealand’s GDP for Q4, due out on Wednesday at 21:45 GMT. Forecasts point to a pickup in growth, but even if that projection is met, it would still fall short of the RBNZ’s own forecasts. In isolation, this would argue for a slightly more […]
The best start of the American stock market since 1991 and unwilling to break the “bullish” trend provoked the USD index to a 3% gold correction. Investors began to doubt that the 14% rally from August lows levels could continue. Its key drivers were concerns about the slowdown of the global economy under the influence […]
The dollar returned to growth, which may continue. Investors choose safe currencies after reports of tensions in US-China trade negotiations but growth is hindered by the Fed’s caution. Volatility in foreign exchange markets fell sharply due to the “dovish sentiment” from main central banks, including the US Federal Reserve. But even in such a situation, […]
To open long positions on the GBP / USD pair, you need: Despite good inflation data in the UK, pressure on the pound remains prior to tomorrow’s important decision of the Bank of England on interest rates and the EU summit, which will discuss the issue related to Brexit. Buyers managed to return from the […]
To open long positions in EUR / USD pair, you need: The situation in the euro has not changed in comparison with the morning forecast, however, buyers managed to show themselves from the support level of 1.1337, to which I paid attention. The main task of the bulls remains a breakthrough and consolidation above the […]
EURNZD has been hovering within a downward channel after the pullback on the 1.7200 psychological level on January 3. Today, the price pierced the 40-simple moving average (SMA) and the falling trend line earlier but it could hold above them, with the technical indicators suggesting now weak momentum as the stochastic and the RSI are flattening. A step higher may […]
Our forex trading seminar series begun earlier this spring across Thailand reached two further event locations in March, Korat and Hat Yai, where we were extremely pleased to welcome numerous XM clients who joined our educational events. In each city, acclaimed forex instructor Sompop Jittrakul elaborated on the topic titled The Avramis Trend Reversal and […]
All attention for today will focus on the US Federal Reserve and more specifically to the long-awaited press conference of the head of the US central bank, Jerome Powell. No one is expecting rate changes and market participants are interested in both of the economic forecasts and Powell’s comments. Considering the current situation, we need […]
Today, the Federal Reserve System (FRS) will announce its decision on monetary policy and will publish updated forecasts, including on economic growth and inflation in the country. It is expected that following the results of the next meeting of the American Central Bank will leave the interest rate at the level of 2.25-2.50%. At the […]
Overview: The NZD/USD has broken resistance at 1.3221 which acts as support this morning. 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 […]
Overview: Pivot: 1.1393. The EUR/USD pair is trading around the daily pivot point (1.1393). It continued to move downwards from the level of 1.1393 to the bottom around 1.1335. This week, the first resistance level is seen at 1.1393 followed by 1.1426, while the first daily support is seen at 1.1335. Furthermore, the moving average […]
Over the past trading day, the Euro / Dollar currency pair showed an extremely low volatility of 25 points, to put it bluntly, trampling in one place. From the point of view of technical analysis, we see an upward course, where, yesterday, a congestion has formed in the form of waiting positions. Informational and news […]
