To open long positions on EURUSD you need: The euro has increased after the Federal Reserve’s statement from yesterday and that they are not in a hurry to raise interest rates. A new upward trend is formed. At the moment, the sellers’ task is to return to the resistance of 1.1430, which will lead to […]
Trend analysis (Fig. 1). On Thursday, there is a high probability of continuing the downward movement. The first lower target of 1.3272 is the pullback level of 50.0% (yellow dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis – […]
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Fed ‘dot plot’ shows no hikes in 2019, dollar crumbles Sterling dives as May requests short extension; BoE meeting and EU summit today SNB remains on hold, reiterates readiness to intervene in FX market Dollar plunges as Fed abandons rate hike plans – easing bets grow The Fed meeting wasn’t short of surprises. There was […]
Trend analysis (Fig. 1). On Thursday, the price may continue to move upwards. The first upper target of 1.1481 is the retracement level of 76.4% (blue dashed line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – up; – candlestick analysis – down; – trend […]
EUR/USD made a big move higher yesterday after the Fed Chairman press conference yesterday. The speech weakened USD substantially. EUR/USD has now broken above 1.14 and this is a major bullish sign for EUR. Red line – major resistance trend line (broken) Green line – support Blue line – RSI divergence (broken) EUR/USD has broken […]
Just one look at the single European currency is enough to understand that something has happened. And it really happened. During a press conference, which followed immediately after the meeting of the Federal Commission on Open Market Operations, Jerome Powell not only confirmed the expectations of many market participants, but also presented an unexpected surprise […]
According to the results of the next meeting on Wednesday, the Fed leadership managed to surprise the markets. It was expected that the position of the FOMC would soften somewhat in view of the latest macroeconomic data; however, even pigeon expectations were more than met. In the test of the accompanying statement, the key word […]
Technical market overview: The BTC/USD pair has completed the wave (a) of the move up and now is unfolding wave (b). The recent top at the level of $4,101 might be the top for the wave (b), so if the market will break through it, the next target is seen at the level of $4,122 […]
NZDUSD stood tall on Wednesday by almost 1% after trading flat over the past week. The pair stretched further its rally to new one-and-a-half-month highs on Thursday, but the bulls found a familiar barrier around 0.6940, with the Stochastics flagging an overbought market – the red %D line and the green %K line are returning above 80. The […]
USDJPY is looking strongly bearish in the short-term after plunging below its daily simple moving averages (SMAs) on Wednesday. The price found significant obstacle near the 200-SMA, dropping beneath the ascending channel to challenge the 23.6% Fibonacci retracement level of the upleg from 104.64 to 112.10, around 110.40. Prices hit a one-month low of 110.40 and the […]
Gold price did not break below $1,300 yesterday and with Dollar weakness has broken above short-term resistance at $1,312. Price is closing in on our first target and important Fibonacci resistance at $1,322. Red line – bearish divergence Red rectangle- short-term resistance (broken) Blue rectangle – short-term target Gold price is trading very close to […]
EUR/USD The results of yesterday’s Fed meeting disrupted plans for market participants who are already prepared to sell the euro. FOMC members have specifically expressed their plans for the rates – an increase is not expected for this year and there can be only one increase in 2020, by 0.25%. The Fed also decided to […]
Technical market overview: The ETH/USD has finally made a move and has broken above the short-term trendline resistance around the level of 137.00. Despite the breakout, the rally after the breakout was not that strong and the price is now again trading in a narrow range with the nearest target seen at the level of […]
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 […]
