Bitcoin has been quite indecisive at the edge of $3,880 for a few days in a row. The price sustained the bullish momentum. The price was trapped in a range between $3,800 and $4,000 for a while. Now it is expected to rebound with a higher target in the coming days. Fundamentally, there is not […]
Last week was generally positive for equity markets with the stand out performer being the S&P 500 which was back retesting the key 2820 resistance level which has not been properly breached since October 2018. Wall Street was somewhat hindered by comparison due to the 10% decline in the Boeing share price. Moving into next […]
On January 2nd, the market initiated the depicted uptrend line around 1.2380. This uptrend line managed to push the 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 current bearish pullback was demonstrated towards the uptrend again. […]
NZDUSD corrected below two-week lows after the RSI reached overbought territory, with the price launching slightly above the 50-period moving average in the four-hour chart on Thursday. On Friday the market resumed bullish momentum, but with the RSI reversing towards its 50 neutral threshold and the MACD moving under its red signal line, the recovery may probably not continue in the […]
Traders will be glued to their screens next week amid a barrage of crucial events, ranging from a highly-anticipated Fed policy meeting to even more Brexit votes in the British Parliament. At the same time, almost every major economy will see the release of data that could be decisive for their respective currencies, particularly considering […]
Overview: The pair is still trading around the daily pivot point of 0.6882. The NZD/USD pair breached resistance which had turned into strong support at the level of 0.6705 this week. The level of 0.6705 coincides with a golden ratio, which is expected to act as major support today. The RSI is considered to be […]
Overview: The AUD/USD pair is set above strong support at the level of 0.7046 which coincides with the 23.6% Fibonacci retracement level and 0.7168. This support has been rejected four times confirming the uptrend. Hence, the major support is seen at the level of 0.7046, because the trend is still showing strength above it. Accordingly, […]
4h On the hourly chart, the pair rebounded several times from the retracement levels of 38.2% (1.3220) and 23.6% (1.3228). As a result, the latter rebound led to a possibility of a rally towards the retracement level of 23.6%. If the pair rebounds from this Fibo level, the US dollar will have a chance to […]
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 […]
This week, focus among traders was mostly on Boeing. This is after a major accident in Ethiopia led to the death of 157 people who were travelling to Kenya. The accident involved a relatively new model of the plane called Boeing 737-Max. The plane was delivered to Ethiopian Airlines in November last year. While plane […]
The Japanese yen strengthened slightly against the USD after the Bank of Japan (BOJ) released its interest rates decision. The stocks too rose sharply in response to the decision. As expected, the bank left rates unchanged at minus 0.1%. It also maintained its goal of keeping the ten-year government bonds (JGBs) around zero. In the […]
Cocoa is an important crop that is consumed by billions of people around the world. When processed, cocoa is mostly used as a beverage and in also in the manufacture of confectionaries. Most of the world’s cocoa comes from West African countries of Ivory Coast and Ghana, which have a tropical climate. Once harvested and […]
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 […]
Gold is trying to recover Thursday’s losses, which emerged after a failure to surpass the 20-day moving average (MA) but the technical indicators suggest that positive momentum may not pick up steam yet, at least as long as the RSI holds around its 50 neutral mark and the MACD keeps moving softly along its red signal line. The […]
EUR/USD has pulled back towards 1.13 which is important short-term support and so far it holds above this level. There are some bearish reversal signs in the short-term 4-hour chart but we will need more signs of weakness to confirm the reversal. Red line – major resistance trend line Blue lines – support trend lines […]
After a gruelling vote in the British Parliament, a widely expected decision was eventually made. This decision was the least wanted by Prime Minister May, so Brexit was postponed for only for three months. Theresa May is deteremined in her ambition to finalize an agreement with the EU until March 20. However, if her efforts […]
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 […]
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 – 15.03.2019 Related Posts:Energy in Focus: […]
Sterling retreats lower despite Parliament voting to extend Article 50 as investors eye EU summit and third meaningful vote next week Risk sentiment boosted by “substantive progress” in US-China trade talks but disappointment that there will be no March summit Gold back above $1300 after North Korea says may suspend denuclearisation talks with US Pound […]
Gold price has started a pull back from the $1,310 resistance area towards the first important short-term support of $1,290. The bullish short-term channel has been broken. This fact increases the importance of the $1,290 support level. A bigger bounce towards $1,320 is viable only while we trade above $1,292. Blue lines – bullish channel […]
Technical Market Overview: The EUR/USD pair is testing the 61% Fibonacci retracement located at the level of 1.1326 and even a local high was made at the level of 1.1338. The Harami candlestick pattern appeared at the top of the wave up, so the bears might be preparing to push the prices lower. Nevertheless, the […]
Technical Market Overview: The GBP/USD pair is currently hovering just under the technical resistance zone located between the levels of 1.3258 – 1.3304. The local low for the consolidation zone was made at the level of 1.3207, but the market did not follow down the path but bounced yet again. The candles are with the […]
Technical Market Overview: The ETH/USD pair might be still unfolding into a more complex and time-consuming pattern because bulls were not able to break through the technical resistance zone located between the levels of 139.63 – 142.22. Moreover, the pair is still trading below the orange trend line, so the bears are still in control […]
Morning Report: 07.00 London The dollar is on the back foot this morning on confidence for a break through between China and the US. The dollar pairs are on the front foot, led by the AUD/USD which has made good yesterday’s losses on hopes for a China rebound as trade talks enter their final phase. […]
USDCAD has been trading to the downside this week but the 1.3285 level appeared a hurdle for the bears to overcome over the past two sessions. The RSI is hovering around 50, framing a neutral picture for the short term. Yet with the fast-stochastics set for a bullish cross below the 20 oversold mark, chances for […]
Organised in celebration of the first-year anniversary of our company’s successful business presence in Latin America, XM hosted an opulent gala dinner in Mexico City on 2nd March, with the participation of a high number of guests who shared a time to remember with us. The festive gala commemorated a prominent milestone in our corporate […]
Technical Market Overview: The BTC/USD pair has made a very interesting candlestick on the H4 time frame chart. It looks like a Dart Maul lightsaber, which is why I called it that way. This candlestick indicates indecision of market participants and a lack of a movement in either direction. Neither bulls not bears have decided […]
GBP/JPY is consolidating in a minor triangle and should ultimately push higher once this consolidation is complete. This should take us closer to the 151.50 target and ultimately above here too. Support is now seen at 147.60 and with back-up support at 147.36. Support at 147.36 must protect the downside or the triangle will turn […]
GBP has been quite strong versus JPY despite BREXIT-related jitters which could affect GBP gains in the coming days. Japan is facing economic slowdown and declining exports that is certainly bearish for JPY. As for BREXIT, the quesion is still uncertain whether the UK will leave the EU with a deal, without a deal or […]
