The next FOMC meeting on monetary policy will take place on March 20 and the markets are actively looking for signs on which the rhetoric of the Fed’s leadership over the next period will be formed. Recall that in January, the Fed confirmed the “December theses” by Jerome Powell and took a pause in the […]
To open long positions on EURUSD you need: The market situation has not changed ahead of an important meeting of the European Central Bank, at which it can announce the launch of the LTRO refinancing program. At the moment, the main task of the bulls is to return to the resistance of 1.1311, consolidating on […]
EUR/USD remains in a bearish trend above short-term support of 1.13. A daily close below 1.13 will open the way for a move towards 1.12. We remain bearish as long as price is below 1.1430. Red line major trend line resistance Green line – support trend line EUR/USD remains in a bearish trend as long […]
Trend analysis (Fig. 1). On Thursday, the price may continue to move down. The first lower target 1.1291 is a historical support level (blue dashed line). Day news – are possible options. For a downward movement, you need to break through this level. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – […]
Gold price has not bounced as high as we expected and this sideways consolidations opens up the scenario for a new lower low before a bigger bounce towards $1,300-$1,315. Support at $1,280 is crucial for this scenario. Blue rectangles – similar consolidation patterns Red lines – expected price path Gold price remains in a bearish […]
Today, the ECB will present its vision of monetary policy for the near future to the public. In the mood of the investment community, according to media reports, one main idea can be traced – against the backdrop of the deterioration of economic indicators in Europe, May elections to the European Parliament, after which candidates […]
Yesterday, the British pound did not significantly change in price, as did the euro, awaiting the outcome of today’s ECB meeting. But the trend observed this morning on the four-hour chart is upward. If the price goes above the MACD line (1.3211), the signal line of the Marlin oscillator will move to the growth zone, […]
The USD/JPY currency pair is in danger of falling primarily due to the technical reversal sign of the price divergence with the Marlin oscillator on the daily scale chart. The same oscillator on the four-hour chart in the decline zone. The decline’s target will be the support of the downward price channel in the area […]
https://pepperstone.com/en/forex-news/market-review -AUD and NZD claw back some gains -INR continues to rebound vs USD -ECB interest rate meeting in focus -Aussie trade balance hits a record high -Argentina is not out of the woods -Has Eurozone GDP growth hit the bottom? The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, […]
AUD/CHF is approaching our first resistance at 0.7105 (horizontal overlap resistance, 76.4%, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing the price down to our major support at 0.778 (horizontal overlap support, 50% Fibonacci retracement). Stochastic (34,5,3) is also nearing resistance where we might see a corresponding […]
In this video, Chris Weston looks at the divergence between Aussie interest rate pricing and the current stance of the RBA. One of these parties is wrong, one is most likely correct – who proves on the money should dictate the path of the AUD. Related Posts:USD/JPY: Simple trading tips for novice traders on April… […]
Yesterday, the Australian dollar showed certain optimism, “inspired” by the results of the March meeting of the RBA. The regulator took a cautiously optimistic stance, focusing on the positive aspects of the Australian macroeconomic reports. Contrary to the fears of many experts, the central bank did not discuss the issue of reducing the interest rate, […]
Bitcoin managed to push above $3,800 with an impulsive bullish momentum which turned a bit corrective after the bullish pressure. The price is currently starting to push higher having confluence from the dynamic levels which is expected to lead the price towards $4,000 in the coming days. The price is currently being held by the […]
On November 13, the EUR/USD demonstrated recent bullish recovery around 1.1220-1.1250 where the current bullish movement above the depicted short-term bullish channel (In BLUE) was initiated. Bullish fixation above 1.1430 was needed to enhance further bullish movement towards 1.1520. However, the market has been demonstrating obvious bearish rejection around 1.1430 few times so far. The […]
Weighed by political jitters and disappointing GDP growth prints earlier this month, the Canadian dollar turns its sights to employment figures for direction. The results, however, published on Friday at 1230 GMT may extend economic uncertainty instead. After January’s impressive 66.8k rebound, analysts believe that the Canadian economy added no jobs in February, leaving the […]
On December 12, the previously-dominating bearish momentum came to an end when the GBP/USD pair visited the price levels of 1.2500 where the backside of the broken daily uptrend was located. Since then, the current bullish swing has been taking place until January 28 when the GBP/USD pair lost its bullish persistence above 1.3155. Hence, […]
Growth in China decelerated to the slowest pace since 1990 last year, underlining the challenges the country faces amid sluggish global demand and a more protectionist United States. China’s leaders haven’t been sitting on their hands, however, as an abundance of policy measures have been initiated since last summer when the first wave of US […]
The EUR / USD pair, which recently held above the 1.13 mark, broke through an important support level and slipped to two-week lows. It is noteworthy that this happened even despite the improvement in business activity in the eurozone and the increase in consumer spending in the region. According to analysts, the main problem for […]
To open long positions on EUR / USD pair, you need: Euro buyers only temporarily stopped a downtrend yesterday and good US data led to a further fall in EUR/USD pair. At the moment, the main task of the bulls is to return to the resistance level of 1.1310, fixing on which can lead to […]
Yesterday’s negotiations between representatives of the United Kingdom and the European Union did not again lead to a trade agreement. On the eve of the British Prime Minister Theresa May sent the Attorney General of England and Wales, Jeffrey Cox, to Brussels in order to make changes to the Brexit deal, which are necessary for […]
Large TF: The vector of the main movement of the kiwi major since October of last year is given by a bullish wave. The first 2 parts are completely formed in the wave structure. With the beginning of the new year, the final part (C) started. Small TF: The analysis of the structure of the […]
The all-important US employment report for February will hit the markets on Friday at 13:30 GMT. Forecasts point to yet another solid report and if so, that could make investors more confident the Fed will raise rates again later in 2019, thereby helping the dollar to extend its latest gains. That being said, the reserve […]
Goldman Sachs stock has been trading sideways since the bounce off the two-and-a-half-month low of 151.50 over the last couple of months. Also, this consolidation area of 189 – 203 holds above the 50-simple moving average (SMA) in the daily chart. According to the MACD, the market could maintain neutral momentum in the short-term as […]
The dollar maintains good demand and is growing against its main competitors for the fifth session in a row. The euro is under pressure in anticipation of the ECB meeting. Its volatility is increasing as it is expected that on Thursday Draghi will announce the postpone of the first rate hike as it is expected […]
One of the key events for the euro this week will be today’s meeting of the Bank of Canada. According to the latest data, the country’s GDP expanded by 0.1% against a rise of 0.5% in the earlier quarter in the fourth quarter of 2018. The value of the indicator was the lowest since the […]
To open long positions on EUR / USD pair, you need: In the morning, trading was conducted on the side channel, which leaves the technical picture unchanged. The main task for the bulls is to return to the resistance of 1.1310, fixing on which can lead to an upward correction in the area of 1.1337, […]
BTC has been trading upwards. The price tested the level of $3.873. According to the H1 time – frame, we found that there is a potential end of the complex upward correction WXZ at the price of $3.870. Also, there is multi resistance around $3.870 (yellow rectangle), which is a sign that buying at this […]
Overview: 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 overbought, because it is above 70. The RSI is still signaling that […]
Gold has been trading sideways at the price of $1.285.83. Accumulation phase is potentially in progress. According to the H1 time – frame, we found that market is trading in a defined trading range with the resistance at $1.290.00 and support at $1.282.00. After the period of a downward movement, Gold started the basing process […]
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, […]
