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 […]
Today, the focus of the market will be on the decision of the American regulator on the monetary policy, which will undoubtedly have an impact particularly to the foreign exchange and generally in global markets. As expected, the outcome of the two-day meeting will not only on the decision of interest rates but most importantly […]
Waiting is one characteristic that can describe what is happening in the market. The single European currency generally stands still on a tight spot, even the pound responded to the data on the labor market only by a small and short-term increase. Nonetheless, it turned out to be much better than predicted. Not only did […]
Wave counting analysis: On March 19, the GBP / USD pair added about 20 bp. The instrument continues to be in limbo, since the current position may well continue to build a wave with in Y, and begin a new descending trend section. In the news plan, too, nothing really changes. There is no new […]
Wave counting analysis: On Tuesday, March 19, trading ended on EUR / USD by 15 bp increase for the pair EUR / USD. Thus, even at a very slow pace, wave a continues its construction with targets located near the 50.0% level on the older Fibonacci grid. A very important event for the couple will […]
4h On the 4-hour chart, the pair GBP / USD made a new return to the retracement level of 100.0% (1.3300). However, the Fibo rebounded with the formation of a bearish divergence at the MACD indicator and a reversal of the pair in favor of the US dollar. Thus, on March 20, the drop in […]
On Thursday, British Prime Minister Theresa May will meet with the EU leadership regarding the postponement of the Brexit deadline. May wants to make another attempt at negotiating an agreement with the EU until mid-April. In any case, the Brexit date will be delayed and this is not a hot topic for the markets. The […]
Trend analysis (Fig. 1). On Wednesday, there is a high probability of continuing the downward movement. The first lower target of 1.3221 is the pullback level of 38.2% (yellow dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis – […]
Today at 18.00 London time, the Federal Reserve will announce a decision on rates (unchanged at +2.375%) – and a comment on the state of the economy. Everyone expects that the comment will be soft – the market will assess how soft. It is likely that the Fed will signal the beginning of the dollar’s […]
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In 2018, gold had a mixed year. After rising to a high of $1363, the price started to decline. It reached the yearly low of $1163 in October. Since then, gold has been paring those losses and in February, it reached a high of $1345. The decline in the price in 2018 was mostly because […]
Success in the financial market is mostly all about forecasting. This is because you make a decision right now and forecast what you expect to happen in future. Since forecasting is very difficult, traders use a number of tools such as technical indicators. In Wall Street, the CBOE volatility index is one of the best-known […]
Today, the Federal Reserve will conclude the March monetary policy meeting started yesterday. This will be the third rate decision this year and as per the previous guidance, the bank is not expected to tweak the monetary policy. The interest rates are expected to remain at the current range of 2.25% and 2.50%. In the […]
EURJPY is moving higher in the 4-hour chart after finding support at the lower boundary of the ascending channel, which has been holding since January 3. Furthermore, the pair is trading above the 20- and 40-simple moving averages (SMAs) in the 4-hour chart, while the RSI and the MACD are slightly rising in the positive area, suggesting a […]
Trend analysis (Fig. 1). On Wednesday, the price may start moving down. The first lower target of 1.1336 is the pullback level of 14.6% (yellow dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – down; – volumes – down; – candlestick analysis – down; – trend analysis […]
On the regular meeting of the Bank of Japan last week, the meeting of the members of the regulator was quiet and inconspicuous, especially against the background of loud Nonfarm and political battles regarding prospects on Brexit. The yen also ignored the March meeting of the Central Bank as the USD/JPY pair showed only a […]
