Yesterday’s growth has led to the test of the first resistance of the NKZ 1/4 1.2958-1.2949. This makes it possible to consider the formation of the pattern in the direction of the continuation of the fall, since the main goal of the fall remains the weekly CC 1.2832-1.2793, which was not achieved. This model is […]
https://pepperstone.com/en/forex-news/market-review -GBP, EUR largely unchanged vs USD -AUD slips once more but NZD makes modest gains overnight -USD improves EM currencies -Trump and Xi meeting before March? Not so much -German Trade Balance and Current Account data on tap -What are the fastest growing job roles in the USA? The overnight changes and price moves […]
When the European market opens, some economic data will be released such as Italian Industrial Production m/m, French Prelim Private Payrolls q/q, French Prelim Private Payrolls q/q, and French Industrial Production m/m. The US will not publish any economic data today, so amid such conditions, the EUR/USD pair will move with a low to a […]
In Asia, Japan will release the Economy Watchers Sentiment, Average Cash Earnings y/y, Current Account, Bank Lending y/y, and Household Spending y/y, while the US will not publish any economic data today. So there is a probability the USD/JPY pair will move with a low to a medium volatility during this day. TODAY’S TECHNICAL LEVEL: […]
In Asia, Japan will release the Economy Watchers Sentiment, Average Cash Earnings y/y, Current Account, Bank Lending y/y, and Household Spending y/y, while the US will not publish any economic data today. So there is a probability the USD/JPY pair will move with a low to a medium volatility during this day. TODAY’S TECHNICAL LEVEL: […]
NZD/JPY is approaching our first support level at 73.45 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension, Elliot wave structure) where we expect a strong bounce above this level to our major resistance level at 74.01 (horizontal pullback resistance, 23.6% Fibonacci retracement). Stochastic (34,5,3) is also approaching support. NZD/JPY is nearing our first […]
The NZD/USD pair is approaching our first support level at 0.6707 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension, Elliot wave structure) where we expect a strong bounce above this level to our major resistance level at 0.6821 (horizontal pullback resistance, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching support. NZD/USD is nearing […]
For yesterday’s trading day, the currency pair Pound / Dollar showed a low volatility of 54 points. As a result, the quotation froze at a periodic level of 1.2920. From the point of view of technical analysis, we see stagnation with a pullback near the periodic level of 1.2920, where it was previously said that […]
The management of the Bank of England at a meeting on Thursday, February 7, unanimously voted to keep the key rate at 0.75. Regulatory officials said the UK economy slowed down late last year and early this year. Representatives of the Bank of England said that the country’s economy in 2019 could show the slowest […]
4-hour timeframe The amplitude of the last 5 days (high-low): 78p – 54p – 37p – 40p – 50p. Average amplitude for the last 5 days: 52p (61p). The EUR/USD currency pair on Thursday, February 7, continued its downward movement throughout the day, but immediately reached the support level of 1.1329. However, not far at […]
In this video, Pepperstone’s Head of Research Chris Weston looks at the growing interest to own gold in 2019, what is behind the recent rally and whether these dynamics will continue to drive the price higher this year. Website: https://pepperstone.com/ Twitter: https://twitter.com/pepperstonefx Chris Weston: https://twitter.com/chrisweston_ps Subscribe: https://bit.ly/2NlF6rI Related Posts:Forex forecast 04/16/2024: EUR/USD, USDX, Gold and […]
Bitcoin recently dropped below $3,400 and formed a double bottom pattern at $3,360 price area. When the price was trading lower and correcting itself between the price range of $3,360 to $3,500, it formed a Bullish Divergence which is expected to lead to certain bullish pressure in the coming days. The price is currently trading […]
The Reserve Bank of India (RBI) unexpectedly all reduced the key interest rate from 6.5% to 6.25% per annum. The decision of the Central Bank did not coincide with analysts’ forecasts, only 11 out of 43 experts suggested a rate cut. The new head of the Indian regulator Shaktikanta Das, for whom this meeting was […]
The value of shares of the Japanese telecommunications media corporation SoftBank Group rose by more than 17% after reporting repurchase of shares and publication of a report on a record increase in quarterly earnings. As a result, the company’s market capitalization increased by $ 14 billion, reaching $ 100.10 billion. SoftBank shares rose 17.7% to […]
The decline in the euro is not surprising after such data on industrial production in Germany, as well as the report of the European Commission, which revised the forecasts for the growth of the eurozone economy for the worse. All of these confirm once again the fact that the European Central Bank, after such a […]
The euro’s slow recovery against the US dollar from November’s 16½-month low appears to have stalled as the outlook for the Eurozone economy grows grimmer by the day with no sign yet that a turnaround is around the corner. Expectations that the European Central Bank will nevertheless press ahead with its plans to start raising […]
ETHUSD is holding marginally below the moving averages in the 4-hour chart, while according to the technical indicators the market seems to be neutral to negative. The RSI is sloping down below the 50 level and the MACD oscillator is flattening above its trigger line but below the zero level. In case of a move lower, the price could challenge the seven-week […]
To open long positions on the GBP / USD pair, you need: The pound was expected to remain under pressure after the publication of the decision of the Bank of England, which kept the interest rates unchanged but lowered the forecast for economic growth. Currently, buyers are viewed in the support area of 1.2860 but […]
To open long positions on EUR / USD pair, you need: Another weak statistics on industrial production in Germany, as well as a revision by the European Commission of their GDP growth forecasts, led to the sale of the European currency in the first half of the day. At the moment, it is best to […]
Following the Australian currency today, the New Zealand dollar as its closest “ally” has collapsed. The catalyst for the decline was the disappointing release of data on the labor market in New Zealand, although such a scenario has been brewing for a long time. The slowdown of the Chinese economy, as well as the dovish […]
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 […]
GBPCAD is holding below the 20- and 40-simple moving averages (SMAs) in the daily timeframe, following the bounce off the resistance level of 1.7530 – a seven-month high reached on January 25. The pair has been trading within an ascending sloping channel over the last six months, despite the upside spikes towards 1.7530. The RSI indicator is […]
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 1.1420 was needed to […]
Large scale graph: The bearish wave that began in February last year has now been fully formed and the proportion of all its parts have been observed. Given the presence of a reversal pattern, we can state the completion of a bearish trend. Medium-scale graph: Since January 3, the price forms an upward wave with […]
In recent days, the dollar has once again managed to gain momentum and fully recover the losses incurred as a result of “softening” the position of the US Federal Reserve System (FRS). The US currency has risen by almost 1% since the January Fed meeting, which resulted in the regulator’s rhetoric surprisingly soft. It should […]
Agricultural commodities have continued to suffer the past year. This is because of the ongoing trade conflict between the United States and China. The chart below shows the performance of corn and soybeans, which are very important crops from the US. The reason for the weakness in price is that the United States is the […]
The New Zealand dollar had its worst day in more than a year after the country’s statistics office released the employment numbers for the fourth quarter. The numbers showed that the unemployment rate jumped to 4.3% from the third quarter’s 3.9%. Investors were expecting the rate to jump slightly to 4.1%. The participation rate, which […]
The Bank of England (BOE) will today release the second interest rates decision for the year. The bank is expected to leave rates unchanged at 0.75%. This will be the fifth consecutive time the bank has left the base lending rate unchanged. It last hiked rates in August last year by 25 basis points. The […]
Chinese New Year holidays continue on this week’s final trading day, which is relatively light in terms of economic news releases. Swiss Unemployment Rate for January opens this agenda at 6:45 in the morning. The seasonally adjusted jobless rate stood unchanged at an extremely low level of 2.4 percent in December. It has been below […]
It’s time for the Dukascopy Midday Snapshot, where we will find out how market players have performed during the morning session on this Thursday. Euro/Dollar has declined towards the 1.13 level and a loss of point 33 percent was posted at noon. Traded volume is average and the neutral sentiment of the traders is leaning […]
