Background: In the background BTC got failed to test the Pitchfork median line inside of the downward channel, which is a sign of strength. There is also a rejection of the key support cluster at the price of $3.411 and the potential end of the larger downward correction (abc flat), which is another sign of […]
We are still bullish about Gold from $1,285.00. There is no change in the forecast since the price failed to break the key support at $1,275.00, which only added more strength into our bullish position. Background: In the background we got failed test of the Pitchfork median line inside of the downward channel but on […]
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 […]
We’re halfway through the last trading day of the week, so let’s take a look of the performance of the traders with the Midday Snapshot. Euro/Dollar rose gradually and uptrend has resulted in a gain of point 3 percent. Trading has been active, volume is high and most of the funds were in short positions. […]
The next seven days will be an important week for the US dollar as high-level US-Sino trade talks, the policy meeting by the Federal Reserve as well as key data releases will likely determine the currency’s next turn. The Australian dollar will also be in focus as inflation and other closely-watched indicators will be on […]
Caterpillar stock price came under pressure in the previous couple of sessions, falling back below its 137.70 resistance level. Looking at momentum oscillators on the daily chart though, they suggest further declines may be on the cards in the short-term. The stochastic oscillator is approaching the oversold area, detecting negative momentum, and is also pointing downwards. The MACD is […]
GBP/USD has been trading upwards. As I expected, the price tested the level of 1.3135 and reached my third upward target. The previous swing high (now potential support) is on the test and there are no strong sellers to break it, which is a sign of strength. The key support at the price of 1.3000 […]
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 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 […]
Don’t let your broker take you for a ride on this week’s last trading day. Watch this Dukascopy Spike Controller to see what the average and maximum spreads have been. Euro/Dollar’s daily average spread is point 37 pips and maximum separation has been 2 and a half pips. The pair dropped yesterday by a total […]
GBPJPY has rebounded somewhat from the seven-week high of 144.20 that it reached earlier today. Currently, the price has been stuck in a channel tilted to the upside following the pullback on the more than two-year low of 132.48. The stochastic oscillator is turning to the downside and the RSI has slipped below the overbought level and is approaching the neutral threshold of […]
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 […]
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 – 25.01.2019 Related Posts:Energy in Focus: […]
Euro closes lower on soft PMIs and ‘vigilant’ Draghi Stocks struggle amid conflicting trade signals Sterling advances on fresh Brexit reports Euro caves in after PMIs sink, Draghi ‘keeps his options open’ Euro/dollar had a particularly turbulent session on Thursday, before ultimately closing lower, caving under the weight of disappointing PMIs out of the Eurozone […]
EURGPB plummeted to a fresh 20-month low earlier today, and currently is trying to pare some of the losses. However, the price is still lacking direction in the medium term and any daily close below the 0.8620 support level, would endorse the outlook for a negative tendency. From the technical point of view, the RSI has […]
On Friday, the price before the news (12.00 Moscow time) will move up. Then the bottom is possible. The first lower target of 1.1256 is the support line (blue bold line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – up; – volumes – down; – candlestick analysis – […]
With a single European currency, everything is relatively clear, and its decline was fully justified. Indeed, as expected, the European Central Bank left the refinancing rate unchanged, and the most interesting thing happened already during the press conference of Mario Draghi. Initially, the head of the regulator said that the rates would remain unchanged until […]
Morning Report: 07.00 London The dollar index is on the back foot this morning, helping dollar pairs to make tentative gains. The EUR/USD is recovering after hefty losses yesterday that saw the pair slip to test the 1.1300 level. The AUD/USD is also making small gains, but the down swing from the January highs is […]
These are the Daily Trading Signals for Friday. Here’s how the technicals compare with the interbank at 8 AM GMT. Euro/Dollar’s short term signals are mostly neutral. The mid-term models show mixed results and 6 studies point South in the 24-hour chart. Interbank sentiment is neutral, matching the hourly signals. Pound/Dollar has 6 neutral signals […]
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 […]
USDCAD stabilized within the 1.33 handle after Monday’s rally, with momentum indicators supporting that consolidation may continue in the short-term; the RSI has reversed down to meet its 50 neutral mark, the MACD has improved above its red signal line and towards zero, while the Ichimoku Indicators, (the red Tenkan-sen and the blue Kijun-sen lines) have moved sideways. The […]
Trading plan for 25/01/2019: Friday markets start in good sentiment and the leader on the currency market is GBP. USD and JPY are losing slightly. Stock exchanges in China and Japan grow despite a mixed session on Wall Street. A lot of buzz appeared in the subject of the government shutdown. The US Senate rejected […]
On Thursday, the ECB gave a strong impetus to the fall of the euro: the head of the ECB Draghi made it clear that we should not expect an increase in rates on the euro until the autumn – and maybe more. The reason – the weak state of the eurozone economy – plus external […]
On Thursday, the ECB left rates unchanged for the euro (as all experts assumed). In this case, the head of the ECB Mario Draghi expressed great concern about the state of the global economy. The chances of a rate increase by the ECB before the fall have plummeted – and it is possible that there […]
https://pepperstone.com/en/forex-news/market-review -GBP trades with a $1.31 handle on Brexit hopes -MXN and CAD gain at the dollar’s expense -Congress is to call US bank chiefs before them -Mexicos economy, growing but slowing? -Soros speaks out at Davos on the misuse of AI -What’s been happening in global trade? The overnight changes and price moves to […]
According to a study by eMarketer, China’s retail market in 2019 will overtake the American market in size and become the largest in the world. Experts predict that retail sales in the Chinese market will increase this year by 7.5%, to $ 5.636 trillion. A similar figure in the United States will increase by only […]
George Hollingbery, Minister for Trade Policy and International Trade of Great Britain, announced that the county is ready to conclude new trade agreements with the majority of third countries by the time of withdrawal from the European Union on March 29, 2019. The British authorities are actively negotiating with many countries about the conclusion of […]
The ECB has left its policy unchanged. We give the main comments of the ECB President Mario Draghi at a press conference. Evaluation but not a policy discussion “We didn’t have to discuss the consequences of the risk balance. Today’s meeting was mainly devoted to an assessment: where are we and why are we here, […]
Technical Outlook: We have presented a 4-hour chart view for the EUR/USD pair since November 13, 2018 to have a bigger picture. Please note that the support trend line connecting lows of November 13, 2018 and January 03, 2019 has been tested, while the prices have broken through the 1.1290 levels. Also note that prices […]
When the European market opens, some economic data will be released such as Belgian NBB Business Climate, and German Ifo Business Climate. Today, the US will not publish any economic data, so amid the reports, the EUR/USD pair will move in a low to a medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY […]
