To open long positions on EURUSD you need: It is likely that at the beginning of the week the pressure on the euro may still persist, but the downward momentum slows down. The first purchases are best seen under the condition that a false breakdown is formed in the support area of 1.1316, while it […]
USD/JPY The yen continues to build up strength before breaking out on the resistance of the Krusenstern line daily scale. The price is held by the balance line on the chart of the smaller period-H4. The Marlin line seeks to go out into the growth zone. On the daily chart, the line of this oscillator […]
The probability of the test of last week’s high is 70%. This allows you to build a trading plan for the purchase of an instrument. The best prices for opening a long position are located within the NKZ 1/2 1.3228-1.3217. The achievement of this zone will be decisive for the entire upward impulse. The main […]
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These are the Dukascopy Daily Trading Signals for Monday. Here’s how the technicals compare with the interbank at 8 AM GMT. Euro/Dollar has 5 neutral signals in the hourly chart. The mid term models show mixed results and 6 studies point lower in the daily chart. Interbank sentiment is bullish at more than 23 percent […]
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 – 11.02.2019 Related Posts:EUR/USD. Analysis for […]
EURUSD has tumbled over the preceding five consecutive days, falling back below the 20- and 40-simple moving averages (SMAs) in the daily timeframe. Also, the SMAs posted a bearish crossover last Friday, signaling negative movement. Currently, the price is attempting a rebound on the near-term ascending trend line, around the 1.1300 psychological level, erasing some significant losses. […]
Technical outlook: A 4H chart view presented here since December 2018 lows at 1.1270 levels is depicting a sideways/consolidation between 1.1270 and 1.1450 levels. Hence, significance remains that of price support zone between 1.1279 and 1.1290 levels; and price resistance around 1.1450/1.1500 levels respectively. At the moment, EUR/USD is seen to be converging near the […]
The corrective decline from 144.84 as extended in time and points, but it look as wave iv/ completed with the dip to 141.10 and wave v/ higher towards 151.10 is ready to take over. Short-term a break above minor resistance at 142.63 will be a strong indication that wave iv/ has completed and wave v/ […]
Technical market overview: The ETH/USD pair has broken out of the horizontal consolidation and on the way up the technical resistance zone located at 108.46 – 110.33 (now support) had been clearly violated. The price had made a new local high at the level of 124.10 before the local pull-back has started. The pull-back has […]
The correction in wave ii has extended in time. However, it looks as wave ii is close to being complete and wave iii is ready to take over. A break above minor resistance at 125.07 will indicate that wave iii is developing for a rally towards 129.50 and 133.54 longer term. That said, we need […]
Morning Report: 07.00 London The dollar index is rallying on hopes for a successful round of trade talks between the US and China. The dollar index is nudging back to the neutral line after gapping lower at the open. Dollar pairs are mixed with a positive bias following this morning’s dollar gap lower. The AUD/USD […]
https://pepperstone.com/en/forex-news/market-review -AUD, NZD -1.80% vs the USD over the last 7 days -Other commodity currencies are also on the backfoot -Dollar index moves up again -UK Q4 GDP on tap -Trade talks resume in Beijing -US 500 index report card The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, Darren […]
EUR/AUD is approaching its support at 1.5897 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1.5977 (50% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is nearing its support at 3.2% where a corresponding bounce could occur. EUR/AUD is approaching its support where we […]
XAU/USD is approaching its resistance at 1316.81 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 1311.71 (38.2% Fibonacci retracement, horizontal pullback support). Stochastic (89, 5, 3) is nearing its resistance at 98% where a corresponding reversal is anticipated. XAU/USD is approaching its […]
When the European market opens, no economic data will be released, while the US will publish the economic data such as Mortgage Delinquencies, so amid the reports, the EUR/USD pair will move with a low to a medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1381. Strong Resistance: 1.1374. Original Resistance: 1.1363. […]
In Asia, Japan will not release any economic data today, but the US will publish the Mortgage Delinquencies. 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: Resistance. 3: 110.40. Resistance. 2: 110.18. Resistance. 1: 109.97. Support. 1: 109.71. Support. 2: […]
FX: 5 Reasons Why the Fear Trade is Back The fear trade is back. All of the major currencies fell sharply last week as investors flocked into the safety of the US dollar. Big deadlines are looming in the month of February and investors are worried that they will result in more uneasiness than relief. […]
FX: 5 Reasons Why the Fear Trade is Back The fear trade is back. All of the major currencies fell sharply last week as investors flocked into the safety of the US dollar. Big deadlines are looming in the month of February and investors are worried that they will result in more uneasiness than relief. […]
FX: 5 Reasons Why the Fear Trade is Back The fear trade is back. All of the major currencies fell sharply last week as investors flocked into the safety of the US dollar. Big deadlines are looming in the month of February and investors are worried that they will result in more uneasiness than relief. […]
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 – Weekly financial news – 10.02.2019 Related Posts:Weekly forecast based […]
The Bank of England joined its dovish counterparts on Thursday after leaving interest rates steady as expected amid mounting fears that Brexit coinciding with a global economic slowdown could further sink British markets. Of more importance, policymakers surprisingly decided to cut growth forecasts to 1.2% for 2019 which is the lowest since financial crisis, turning the spotlight to […]
Japan and the United Kingdom will be next to publish economic growth numbers for the final quarter of 2018, while the Eurozone will release its second GDP estimate for the period. Inflation data out of the US and the UK will also be watched. The Reserve Bank of New Zealand will be among the last […]
The Japanese multinational corporation Sony Corp. announced the launch of the largest share repurchase program (buyback) in the history of the company in the amount of 100 billion yen ($ 910 million). Last year, the company did not make major purchases of its own shares. The current buyback started on Tuesday, February 5, and will […]
To open long positions on EUR / USD pair, you need: Euro buyers returned to the market after good reports in Germany, where the balance of foreign trade increased and the industrial output increased in Italy. At the moment, the main task is to fix above the resistance level of 1.1343, which will lead to […]
To open long positions on GBP / USD, you need: Pound buyers coped well with the support level of 1.2922, which I paid attention to in my morning forecast, which is expected, led to the continuation of the formation of an upward correction. The main goal for the second half of the day will be […]
Economic Calendar is relatively light on this Tuesday, but some important updates regarding the UK economy will be available. The publication of the Swiss Consumer Price Index for January opens this agenda at 7:30 in the morning. Prices declined by point 3 percent month on month in December, but they were point 7 percent up […]
Gold has been an important metal around the world for centuries. Its special characteristics have made it to become a reserve ‘currency’. Indeed, the metal is owned by most central banks, with the Fed being the biggest holder. The total gold owned by US treasury is worth more than $11 trillion. Just recently, it was […]
This week was mixed for the market. Asia was a bit slow with the Chinese markets closed for the new year celebrations. This article will highlight some of the biggest stories that happened during the week and the implications going forward. Bank of England Yesterday, the Bank of England released its monetary policy decision. In […]
Hong Kong is an important region in Asia because of its economic proximity to mainland China. The city is a special administrative district for China. As such, it has its own local government, currency, and a central bank that is responsible for setting the monetary policy. The city is one of the biggest financial district […]
