USDJPY has been underperforming since yesterday, breaking back below the 50.0% Fibonacci retracement level of the downleg from 114.55 to 104.64, around 109.60 and the 20-simple moving average (SMA) in the daily chart. The price recorded a fresh two-week low of 108.68. Momentum indicators are pointing to a negative bias in the short term with […]
Trading plan for 31/01/2019: Dovish surprises in the FOMC decision bring the weakness in USD and rally in the stock market The dollar loses after the publication of the FOMC statement. The market is focused on three new elements: the Fed has removed the mention of gradual interest rate increases. In its place appeared a […]
Trend analysis (Fig. 1). On Thursday, there is a work down from the first lower target 1.3042 – a rolling level of 23.6% (blue dashed line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis – down; – trend analysis – […]
Morning Report: 07.00 London The US dollar index is on the back foot after the FOMC posted a cautious stance yesterday. The dollar pairs are on the front foot, led by the AUD/USD which is building on yesterday’s solid rally which took the pair above 0.7250. The EUR/USD is climbing for the fifth straight day […]
We would like to inform our clients that due to Lunar New Year and Washington’s Birthday, both of which take place in February, the trading hours of various instruments will be affected between 4 and 18 February 2019. Please view the tables below to see which instruments will be affected and how: Instrument 04/02 05-07/02 […]
https://pepperstone.com/en/forex-news/market-review -EUR tests at 1.15 vs USD -AUD, NZD take money off of USD -The Brazilian real is back on top -The Fed changes its language and leaves US rates on hold in 2019 -China manufacturing PMI stays below 50 in January -Mixed earnings from tech giants -Has the market priced in China’s downturn? The […]
The currency pair Pound / Dollar for the last trading day showed a high volatility of 143 points, as a result forming a reverse movement. From the point of view of technical analysis, we have resistance in the face of the level of 1.3200, wherein after a two-day bumpiness, the quotation unfolded, forming impulse candles […]
After yesterday’s events in the British Parliament, the headlines of the newspaper were filled with phrases that Theresa May “was able to win both the opposition and the conservatives.” And indeed, thanks to the adopted amendments, the prime minister has significantly strengthened his position, eliminating the most undesirable scenarios for the government from the agenda. […]
4-hour timeframe The amplitude of the last 5 days (high-low): 43p – 101p – 117p – 54p – 39p. Average amplitude for the last 5 days: 71p (71p). On January 30, the EUR/USD currency pair showed a weak downward movement. Instrument volatility declined again; yesterday, for example, the pair passed only 40 points during the […]
4-hour timeframe The amplitude of the last 5 days (high-low): 138p – 82p – 159p – 73p – 144p. Average amplitude for the last 5 days: 119p (114p). On Wednesday, January 30, the GBP/USD pair also started to adjust, which indicates a strengthening of the American currency. Correction for the instrument was brewing in technical […]
In this video, Chris Weston reviews the January FOMC meeting, the reaction in markets and whether the feel-good factor can be sustained. Related Posts:What’s next for markets amid Israel-Iran tensions? – Special… April 16, 2024 Iran launches strikes against Israel, but markets don’t panic Traders…Will Netflix earnings take the share price closer to its… April […]
The yen has reached a mark that indicates that Japanese investors can return to US Treasury bonds. Japan’s national currency rose above $ 110, and local funds began to increase the purchase of foreign securities at the fastest pace in four months. In Deutsche Bank AG and Credit Agricole SA, they believe that the trend […]
The US government shutdown has ended, for the next two weeks at least, leaving a trail of delayed economic data and lost economic output in its wake. Unless Republicans and Democrats can reach a compromise soon, the government will likely shut down again, or President Trump could declare a national emergency. Overall, the longer and […]
Markets focused on trade negotiations between the United States and China. According to a Reuters poll conducted last week, any aggravation of the trade conflict between the two largest economies in the world could lead to a sharp decline in the global economy. While China has indicated its willingness to buy more goods from the […]
A good report on consumer sentiment in Germany did not help buyers of the European currency, and after another unsuccessful breakthrough of the resistance level of 1.1450, pressure on the euro resumed. Additional problems were created after the report on the growth of the French economy and lower inflation in Germany. According to leading data, […]
The pound will continue to attempt to strengthen its position after fears of the “problematic” Brexit have declined, and the dollar will weaken on the eve of the Fed meeting. Last week, the pound reached $ 1.3218, the highest since mid-October, in the hope that London will be able to make a deal with the […]
Already this evening, the results of the first meeting of the Federal Reserve System (FRS) of the United States this year will be announced. How the market will react to them will depend on three factors: a shift in the timing of monetary tightening, risk assessment and a rebalancing. Increases in interest rates this time […]
UK 100 stock index (FTSE 100) is set to record another strong green day, surging above the 50-simple moving average (SMA) and the 23.6% Fibonacci retracement level of the downleg from 7900 to 6533 around 6858 in the daily chart. The RSI now suggests that the market sentiment might get better as the index is moving […]
Tesla stock price has been trading within a consolidation zone over the last 18 months with upper boundary the 387 resistance level and lower boundary the 245 support barrier. Looking at the short-term timeframe, the price rebounded on the 280 level, while the technical structure confirms the positive bias. The stochastic oscillator continues to move higher towards the overbought […]
Gold continues to rally as expected. It respects the Pitchfork upward channel nicely and it is doing a good job towards the median line ($1.340.00) of the larger channel. According to the daily chart, Gold is making higher highs and higher lows which is a sign that buyers are in total control. There are no […]
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 17 when significant bearish rejection was demonstrated around 1.2999 (Bearish Engulfing candlestick […]
Overview: The EUR/USD pair opened around the weekly pivot point (1.1393). It continued to move downwards from the level of 1.1393 to the bottom around 1.1335. Today, the first resistance level is seen at 1.1393 followed by 1.1426, while daily support 1 is seen at 1.1335. Furthermore, the moving average (100) starts signaling a downward […]
The busy news flow continues on this Thursday, so let’s take a closer look with the Dukascopy Economic Calendar. German Unemployment change stats for January open this agenda shortly before 9 AM. The seasonally adjusted number of unemployment continued declining in the final month of last year. A drop of 14,000 brings the total number […]
It’s noon GMT on this Wednesday so let’s see how traders have performed during the morning session. Euro/Dollar has traded in a total range of just 28 pips and the pair sees 35 percent less than typical funds. Neutral sentiment of the traders is leaning towards the short side by nine percent. Both the flat […]
EURJPY has struggled within an upward sloping channel over the last couple of weeks finding strong resistance obstacle around the upper Bollinger band. According to the technical indicators, in the 4-hour chart, the RSI and the MACD are slightly losing momentum above the neutral threshold of 50 and the zero line respectively. It is worth […]
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 (61.8% of Fibonacci), which is expected to act as major support today. The RSI is considered to be overbought, because it is above 70. The RSI 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 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 enhance […]
Bitcoin managed to sustain the bullish momentum above $3,400 area while being held by the dynamic resistance area of Kumo Cloud. After an impulsive dip towards $3,350 area recently, the price is currently consolidating and correcting below $3,500 area which is expected to lead to further bearish momentum with a target towards $3,000 support area […]
AUD/USD is currently consolidating at the edge of 0.7200 while USD has been weighed down by the government shutdown and weak economic reports ahead of the FOMC Statement, Federal Funds Rate decision, and NFP reports this week. The Federal Open Market Committee is ending its two-day policy meeting. Today the FOMC is due to announce […]
AUD/JPY has been consolidating at the edge of 78.50 for a few days in a row. The price is expected to climb higher, breaking above the resistance areas to establish sustainable bullish momentum. Australia has been hurt because of the US-China trade war. The upside of the situation is that AUD can regain momentum. Today […]
