USD/JPY In the last three days, the Japanese yen has consistently and systematically fulfilled the tasks in order to strengthen growth; on Monday it was the output of the price over the Kruzenshtern line on a daily scale and the achievement of resistance to the graphic line of the price channel; on Tuesday, consolidation over […]
Morning Report: 07.00 London The dollar index is on the back foot as global risk appetite increases. The Greenback has reversed all of Friday’s gains, backing up Monday’s losses. The biggest beneficiary has been the NZD/USD which has jumped over 1.5% as the RBZN projected that they would keep rates on hold through 2020. The […]
AUDUSD has been paring some of the previous days’ losses since yesterday, following the rebound on the 0.7050 support level. Currently, the price is challenging the 40-simple moving average (SMA) in the daily timeframe, successfully surpassing the 23.6% Fibonacci retracement level of the downleg from the 32-month high of 0.8135 to the 10-year low of 0.6746, […]
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 – 13.02.2019 Related Posts:Energy in Focus: […]
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 – 13.02.2019 Related Posts:Energy in Focus: […]
On Tuesday, the strong growth of the euro with the formation of the “bullish takeover” figure on the daily chart, together with the inability of the euro to show a significantly new low, stopped the decline of the euro. (It is possible, however, that this is only a strong rebound and the fall will continue […]
GBP/JPY has now broken above minor resistance at 142.63 confirming that wave iv/ completed with the test of 141.12 and wave v/ higher to 151.50 now is developing. The first hurdle to look for is seen at 144.18, but a clear break above here will just add to our preferred count that wave v/ is […]
EUR/JPY has finally broken clearly above minor resistance at 125.07 as we were looking for to confirm that wave ii has completed with the test of 124.18 and wave iii higher to 133.54 now is developing. Support is now seen at the former resistance at 125.07, which ideally will protect the downside for a rally […]
https://pepperstone.com/en/forex-news/market-review -AUD and NZD gain vs USD -BRL adds more than 1% vs the dollar -RBNZ is upbeat on rates no cuts in prospect -Trump may extend China trade talk deadline -SK unemployment jumps higher in Jan -Fund Managers are bearish on growth and inflation The overnight changes and price moves to be aware of […]
Today, Brent oil prices are steadily growing following the announcement of Saudi Arabia Energy Minister Khalid al-Falih that the country intends to reduce the volume of oil production in the country. Brent quotes reached $63.30 per barrel, WTI rose to $54.00 per barrel. The rise in prices occurred after Saudi Arabia announced its readiness to […]
The US dollar shows amazing resilience throughout the market. The dovish sentiment of the Federal Reserve has only temporarily weakened the position of the US currency: only two months after the pivotal meeting of the Fed, the greenback dominates in almost all pairs. Moreover, many experts predict a further rise in the dollar, at least […]
4-hour timeframe The amplitude of the last 5 days (high-low): 128p – 54p – 143p – 54p – 98p. Average amplitude for the last 5 days: 95p (91p). The British pound sterling on Tuesday, February 12, also started to adjust. Thus, with even more confidence we can say that this is a technical correction. If […]
4-hour timeframe The amplitude of the last 5 days (high-low): 40p – 50p – 44p – 30p – 63p. Average amplitude for the last 5 days: 45p (40p). The EUR/USD currency pair on Tuesday, February 12, has started a weak upward correction for the purpose of the critical line. We cannot say that this correction […]
For the last trading day, the currency pair Pound / Dollar displayed a relatively low volatility of 98 points, while maintaining a downward condition.From the point of view of technical analysis, we have an exact coincidence of previously set forecasts. The periodic level of 1.2920, which held the quotation for almost six days, still fell. […]
While another round of high-level trade talks between the US and China will be keeping investors on edge this week, dollar traders might seek some distraction from monthly inflation, retail sales and industrial output data out of the US over the next few days. Consumer price inflation for January is up first on Wednesday at […]
The euro has been in a disadvantageous position over the past two weeks as Italy tipped into recession at the end of last year, while the ongoing Brexit drama continued to restrict buying interest for the currency. Concerns have been also growing in Germany, where the third quarter saw the biggest EU economy contracting for […]
The Reserve Bank of New Zealand (RBNZ) will conclude its policy meeting on Wednesday, at 0100 GMT. Governor Orr will hold a press conference an hour later. In the wake of some disappointing employment data, traders have sharply ramped up their bets for a rate cut this year. While the central bank may indeed cut […]
If at the beginning of the year, BNP Paribas analysts adhered to the “bearish” views on the dollar and predicted its weakening, now they believe that in the first half of the year, greenbacks could increase by 5%. “Despite the change in the Fed’s rate, the dollar is not depreciating, and the main reason for […]
The Alcoa stock price dipped to a new two-year low of 24.98 on December 26 and it is currently hovering slightly above this level and below the 20-and 40-simple moving averages (SMAs) in the daily timeframe. The price remains below the medium-term descending trend line, which has been holding since April 19. However, technically, the RSI indicator keeps […]
Improving global risk appetite allowed Brent and WTI bulls to resume the offensive. Donald Trump was able to reach an agreement with Congress on the construction of a wall on the border with Mexico and although the total amount of $ 1.38 billion over 55 miles turned out to be less than requested, the fact […]
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 was almost approaching the supply level of […]
To open long positions in EUR / USD pair, you need: The absence of important news in the euro area led to the development of a buy signal, which I talked about in detail in my morning review today. At the moment, euro buyers need to break lower and consolidate above the resistance of 1.1299, […]
EURAUD is retreating near 1.5900 below the 23.6% Fibonacci retracement level of the upleg from 1.3625 to 1.6558, approaching the mid-level of the Bollinger Band (20-simple moving average) in the daily chart. Over the last month, the price has been moving sideways in the Bollinger Band within the 1.5715 support and the 1.6035 resistance. The technical structure […]
According to analysts of Bank of America Merrill Lynch (BofAML), the future dynamics of sterling will depend on which way the Brexit pendulum will swing. “If the United Kingdom leaves the European Union without concluding an agreement, then the British currency may fall in price to $1.10 against the dollar,” representatives of the financial institute […]
A positive start to the week is reflected in the growth of stock indices and a decrease in the demand for defensive assets is based on several serious reasons. Firstly, it is the resumption of trade negotiations between the United States and China. White House adviser Kellyanne Conway commented on the current situation in a […]
Since June 2018, the EUR/USD pair has been moving sideways with slight bearish tendency within the depicted bearish Channel (In RED). On November 13, the EUR/USD pair 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 […]
Economic calendar is relatively busy on this Wednesday, so let’s take a closer look. A batch of UK reports open this agenda at 9:30 in the morning, including the high importance Consumer Price Index for January. According to the Office for National Statistics, the 12-month inflation rate was 2.1 percent in December, which was down […]
It’s 12 PM GMT on this Tuesday, so let’s see how things are shaping up for the market players. Euro/Dollar has been traded in a total range of only 33 pips, but the pair sees active trading and volume is high. The neutral sentiment of the traders is just six percent short. The generally narrow […]
Bitcoin made a successful breakout of the symmetrical triangle in the background, which is a sign that sellers took control from the buyers. As long as the price is trading below the supply trendline (white line), you should watch for selling opportunities. The key short-term support is set at the price of $3.593 (pullback low […]
After the disappointing GDP numbers for the fourth quarter, the pound is unlikely to find much support from the next set of data to be published in the UK this week. January inflation and retail sales readings are due on Wednesday and Friday, respectively, at 09:30 GMT. Both reports are expected to point to further […]
