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Morning Report: 07.00 London The Japanese yen is in demand as China’s economy grows at its slowest rate since 1990. This drop was expected, yet still the confirmation is enough to funnel interest into the Japanese yen and away from the US dollar. Yen pairs have gapped lower this morning, falling just short of fulling […]
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 – 21.01.2019 Related Posts:Energy in Focus: […]
On Friday, Canada released the consumer prices data that beat the consensus estimates. The numbers showed that in December, the CPI increased by an annualized rate of 2.0%, which was higher than the consensus estimate of 1.7%. This was a positive indication for the Canadian economy that is facing a number of challenges, including the […]
USDCAD gained little after its freefall to one-month lows, rising slightly above the 50% Fibonacci of the upleg from 1.2781 to 1.3663 to start consolidation. In the short term the pair could see some recovery as the RSI heads towards its 50-neutral mark, though as long as the indicator holds in negative territory, downside movements […]
There is a calm start of trading in the new week as the data on GDP from China fell as expected, not disturbing. The currency market is experiencing low volatility, stock exchanges are on a slight increase. China’s GDP in the fourth quarter increased by 6.4% y / y, which is a result in line […]
The Risig Wedge price parent that might have been in development between the levels of 1.3171 – 1.1400 has been invalidated. The reason was a very shallow rally towards the nearest technical resistance at the level of 1.1414 that was terminated by the Shooting Star candlestick pattern with a top at the level of 1.1400. […]
To open long positions on EURUSD you need: Weak data on the euro area and a good report on the volume of industrial production in the US once again put pressure on the EUR/USD pair . The first signal to buy the European currency today will be a breakdown and consolidation above the resistance level […]
Technical market overview: The breakout from the triangle formation has occurred during the weekend as anticipated. The market has broken below the triangle lower trendline at 119.00 and made a new local low at the level of 110.48, just above the technical support at the level of 108.46. From the Elliott Wave Principle approach, there […]
GBP/JPY is expected to move higher towards 151.90 as long as it holds above key support at 139.43. Ideally minor support at 140.71 will be able to protect the downside for a break above 141.22 and more importantly above resistance at 141.78 that confirms the next push higher towards 143.81 and 145.17 as the next […]
The price swing down to 118.72 completed wave (E) of the more than 10 years long triangle consolidation and we should now look for wave (C) towards 203.00 The question is whether wave ii completed already at 123.37 or a more complex correction in wave ii is unfolding and a second dip closer to 122.90 […]
EUR / USD pair Last week, the industrial output in the US came out positive. The December production increased by 0.3% and capacity utilization increased from 78.6% (revised from 78.5%) to 78.7%. The US stock market grew by 1.32% and the dollar strengthened by 0.30%. The euro moved out of consolidation on the four-hour downward […]
GBP / USD pair Increased investor optimism about new Brexit prospects was exhausted last Friday. A higher urgency on retail sales data for December showed a decline of -0.9% against expectations of -0.8%, resulted to a loss of 111 points in the sterling pound. On the four-hour chart, the price is trying to gain a […]
AUD / USD pair On Friday, the quotation of the Australian dollar crossed the support of the balance lines and MACD on the daily and four-hour charts. Marlin oscillator signal line on H4 is in the descent zone. It can also be noted that the price on both charts was kept by the indicator of […]
On Friday, the formation of the absorption pattern at the daily level. The pair went beyond the monthly short-circuit of January, which defines its priority direction as descending. A further decline in the pair is more likely, since the closure of the US session on Friday occurred below the NKZ 1/4 1.2904-1.2894. The main goal […]
On Friday, the pair formed a reversal pattern, which speaks in favor of continuing the downward movement. This happened after several tests of the monthly KZ of January. It is important to understand that the fall is corrective in the medium term. The close of the US Friday session was below the NCB 1/2 0.7174-0.7168. […]
Last week, the formation of a downward medium-term model continued. The closing of the week occurred just below the weekly CP 1.1386-1.1368, which indicates a high probability of a further decline. Downward movement has priority, so any growth must be used to search for favorable prices for the sale. The nearest resistance is NKZ 1/4 […]
The NZD/USD pair is approaching its support at 0.6714 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.6780 (50% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is nearing its support at 1.72% where a corresponding bounce is anticipated. NZD/USD is approaching […]
https://pepperstone.com/en/forex-news/market-review -The Euro retraced and the Kiwi fell by -1.38% last week -CHF weakness signals risk on -Dollar index makes weekly gains -The US marks MLK’s birthday -China Q4 2018 GDP slows down -Aussie home sales disappoint in Dec -Can US stocks continue to outperform? The overnight changes and price moves to be aware of […]
When the European market opens, only German PPI m/m will be released. 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 Level: 1.1430. Strong Resistance: 1.1423. Original Resistance: 1.1412. Inner Sell […]
Today, Japan and the US will not release any economic data. 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: 110.20. Resistance. 2: 109.98. Resistance. 1: 109.77. Support. 1: 109.50. Support. 2: 109.29. Support. 3: 109.07. (Disclaimer) The material […]
Do you know how to spot the Divergence and Hidden divergence with MACD? In this webinar, we’ll show you how to correctly identify MACD Divergence and how to implement these strategies into your trading systems. More on MACD: https://pepperstone.com/en/client-resources/how-to-trade-macd-divergence Other resources: https://pepperstone.com/en/client-resources/trading-guides Related Posts:Hidden Factors: Why do stock yields and treasury bond yields… October 27, […]
How US Government Shutdown is Good for USD and Stocks For the first time this year, we’re seeing renewed demand for U.S. dollars and it is not due to risk aversion. U.S. stocks ticked up every day last week, driving equities higher across the globe. Britain’s all important Brexit vote did not have the catastrophic […]
How US Government Shutdown is Good for USD and Stocks For the first time this year, we’re seeing renewed demand for U.S. dollars and it is not due to risk aversion. U.S. stocks ticked up every day last week, driving equities higher across the globe. Britain’s all important Brexit vote did not have the catastrophic […]
How US Government Shutdown is Good for USD and Stocks For the first time this year, we’re seeing renewed demand for U.S. dollars and it is not due to risk aversion. U.S. stocks ticked up every day last week, driving equities higher across the globe. Britain’s all important Brexit vote did not have the catastrophic […]
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 – 20.01.2019 Related Posts:Weekly forecast based […]
Today, the yen became cheaper against the dollar after The Wall Street Journal reported that the US authorities are discussing the possible abolition of import duties on Chinese goods, although the US Treasury later denied this information. According to a number of experts, despite optimistic expectations regarding the resolution of trade disputes between Washington and […]
According to the newspaper The Wall Street Journal, the United States is considering the possibility of abandoning the protective duties previously imposed by Washington on the import of Chinese goods. The White House administration sees such a move as a way to calm global financial markets and encourage Beijing to make deeper and longer-term concessions […]
Weak statistics on the German economy and the mention of Mario Draghi of the word “recession” led the single European currency into the red zone for the week by January 18. And let the head of the ECB argued that the recession is not a question, we need to talk about a smooth landing, the […]
Interest rates are very important in the world today. They are special tools that central banks have to influence the monetary policy of their countries. After the financial crisis, the world’s largest central banks decided to bring interest rates to zero. The goal for this was to stimulate growth by making cost of borrowing relatively […]
