Dukascopy TV Team is back with this week’s first Midday Snapshot. Euro/Dollar rose gradually by a total of 31 pips and a gain of point 2 percent was posted at noon. Turnover is low and the neutral sentiment of the traders is seven percent short. The gradual uptrend suggests a successful morning session is more […]
EURJPY rose above the 50-day moving average (MA) last week but its positive action remained constrained within the symmetrical triangle. The pair is currently completing the triangle pattern and the technical indicators suggest a bullish breakout as the MACD has successfully entered the positive territory after six months , while the RSI seems to be […]
Two further forex trading seminars hosted by XM took place in Latin America this February, each of which addressed a large audience of online investors on topics relevant to both beginner and more advanced online investors. The first event location we visited was Bogotá, Colombia, on 9th February, with seminar presenter Jarek Duque, Tradepedia’s Chief […]
The pace of news flow accelerates on this Tuesday, so let’s take a closer look with the Dukascopy Economic Calendar. The German GfK Consumer Climate for March opens this agenda at 7 o’clock in the morning. The consumer sentiment indicator increased for the third month in a row in February to settle slightly below the […]
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 – 25.02.2019 Related Posts:Energy in Focus: […]
Let’s find out if there have been any significant spread increases so far this week. Euro/Dollar’s daily average spread is point 37 pips and maximum separation has been 1.2 pips. Start of the week has been relatively slow and the biggest move is an increase of point 27 percent or 31 pips. Spreads were slightly […]
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 […]
The focus among investors this week likely be on crude oil. Its price has been rallying since December and YTD, it has gained by double digits. There are a few reasons for this. First, in the annual meeting in December, OPEC members and Russia agreed to lower production. This was because the cartel believed that […]
Gold prices are consolidating within the 20- and 40-simple moving averages (SMAs) in the 4-hour chart as well as within the red Tenkan-sen and blue Kijun-sen lines. The momentum indicators seem flat also, as the RSI is flattening near the neutral threshold of 50, while the MACD is holding above the zero line with very weak momentum […]
Overview: The GBP/USD pair continues to move downwards from the areas of 1.3210 and 1.2913 in the long term. Last week, the pair dropped from the level of 1.3210 to 1.2913 which coincides with a ratio of 61.8% Fibonacci on the H4 chart. Today, resistance is seen at the levels of 1.3130 and 1.3210. So, […]
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 […]
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 […]
Trump extends March 1 deadline, citing “substantial progress” in trade talks with China Aussie and Chinese shares surge on the news but overall market reaction muted Pound inches higher on increased talk of Brexit delay US and China edge closer to a trade deal Financial markets got off to a positive on Monday as traders […]
Start of the trading week is extremely light in terms of economic publications, so let’s take a closer look. There’s just a single publication on the agenda and it is the Final US Wholesale Inventories report for December. Total inventories were 654 billion at the end of November, which was a point 3 percent increase […]
Here’s how the interbank compares with technicals at 8 AM GMT on this week’s opening trading day. Euro/Dollar’s 1 and 4-hour studies are mostly pointing higher. There are 5 neutrals in the daily scale. Interbank sentiment is bullish, matching the 1 and 4-hour signals. There’s green across the table for the Pound/Dollar and the technical […]
EURUSD has found a strong resistance obstacle on the 1.1370 and 1.1360 resistance area, which encapsulates the 20-day simple moving average (SMA) and the 23.6% Fibonacci retracement level of the downleg from 1.1815 to 1.1215. The pair rebounded on the three-month low around 1.1230 on February 15 and is trying to post a bullish recovery despite the several […]
EUR/USD technical analysis for 25/02/2019: Horizontal moves are still present on this market Technical market overview: The EUR/USD pair get stuck in a horizontal area located between the levels of 1.1316 – 1.1371 after a three wave bounce from the swing low at the level of 1.1234. The momentum remains neutral and as long as […]
GBP/USD technical analysis for 25/02/2019: Consolidation continues as the trend line makes the bounce possible for bulls Technical market overview: The GBP/USD pair is still trading in a horizontal consolidation between the levels of 1.3052 – 1.3100 after the long-term trend line dynamic support at the level of 1.3000 has prevented further losses. The bounce […]
Bitcoin Elliott Wave analysis for 25/02/2019: Impulsive development is not done, correction time in wave 2. Technical market overview: The ETH/USD pair has mad a new high at the level of $4,245 which was labeled as the top for the wave 5 and the top of the wave 1 of a higher degree. After that, […]
Technical market overview: The ETH/USD pair has broken through the old wave A top at the level of $156.91 and made a new swing high at the level of $166.08 before a sudden reversal has happened. The reason was, that the five waves upwards structure has been terminated as the wave C of a bigger […]
Morning Report: 07.00 London The dollar index and other risk-assets are on the back foot this morning as traders bet on a positive outcome for trade talks following Trumps offer to extend the latest round of deal making. The dollar index gapped lower, helping the dollar pairs to gap higher as a consequence. The AUD/USD […]
EUR/USD continues to trade around the 38% Fibonacci retracement having made a base around 1.1310. Short-term trend remains bullish with potential target at least 1.14. Red line – important resistance trend line Green line – important support trend line Black line – RSI Support trend line Blue line – short-term trend line support Blue rectangle […]
Gold price is trading around $1,330 holding short-term important area of $1,326-30 once resistance now support. Price pulled back for a back test of the break out area and it seems that it was successful as price trades above it. Purple lines – bullish channel Blue line -long-term resistance trend line Gold price remains inside […]
After a dip to 143.78 GBP/JPY seems ready to challenge resistance at 144.92 and a break above here will pave the way for a continuation higher towards 145.92 and 149.41 on the way to the 161.8% extension target at 151.50. Support is seen at 143.78 and then at 143.55. Ideally the support at 143.78 will […]
EUR/JPY remains locked in a narrow trading-range between 125.32 – 125.95. Ultimately a break above resistance at 125.95 is expected, for a continuation higher towards 128.31 and 129.46 on the way towards the 161.8% extension target, for wave iii, at 133.54. We expect solid support at 125.32 will continue to protect the downside for the […]
Technical outlook: A 4H chart has been presented for EURUSD for a medium-term outlook. As seen here, interim support is seen at 1.1233 levels, and prices have broken out of the immediate resistance line. Please also note that prices also back tested the resistance turned support trend line at 1.1275 levels before pushing further towards […]
NZD/JPY is approaching its resistance at 76.31 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 75.14 (50% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is nearing its resistance at 95% where a corresponding reversal is anticipated. NZD/JPY is approaching its […]
https://pepperstone.com/en/forex-news/market-review -GBP holds above US$1.30 -The yuan takes 1.20% off of the dollar -Dollar index starts the week down -0.45% -President Trump to extend the trade talk deadline -Theresa May delays a Brexit vote -What age are your country and continent? The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, […]
CAD/CHF is approaching its resistance at 0.7618 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 0.7584 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is nearing its resistance at 96% where a corresponding reversal is anticipated. CAD/CHF is approaching […]
