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 […]
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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 […]
This week, attention turned to the United Kingdom where the Brexit debate continued. On Tuesday, the house of commons voted against the deal that Theresa Maya has spent two years negotiating. The outcome of the vote was expected. After the vote, the opposition leader Jeremy Corbyn tabled a vote of no confidence against the prime […]
Japan is the third largest economy in the world after the United States and China. It has a population of almost 130 million people and a GDP of more than $4.8 trillion. The country is famed for its industrial base and its large companies that dominate the world. These include Nissan, Toyota, and Mitsubishi. Japan […]
To open long positions on the GBP / USD pair, you need: Buyers missed the support level of 1.2963, and the main task for the second half of the day is to return to this range, which will allow forming the lower limit of the new ascending channel and count on the continued growth of […]
To open long positions on EUR / USD pair, you need: The weak fundamental statistics did not allow euro buyers to form a larger upward correction. It is important that the bulls manage to hold the EUR/USD pair above the support level of 1.1375. However, the main task is to return to the resistance level […]
The euro remained traded in a narrow side channel paired with the US dollar, but held its position after the release of the next weak fundamental statistics for the eurozone. The reduction in the positive balance of the current account of the eurozone’s balance of payments in November 2018 again indicates that the eurozone economy […]
Tesla’s stock crossed back above both its 50- and 200-day simple moving averages (SMAs) in recent sessions and is also trading above an uptrend line drawn from the lows of October. The combination suggests the outlook has turned cautiously positive. For the picture to turn decisively positive, it may require a higher high on the […]
The European Central Bank and the Bank of Japan will hold their first policy meetings of 2019 next week as concerns mount about a global downturn. GDP figures out of China could underscore the worsening outlook, while flash PMIs out of the Eurozone will also be watched for the latest glimpse on the growth picture. […]
EURGBP has been erasing the strong bearish rally that was created the previous six consecutive days, sending prices towards a new two-month trough of 0.8758. The stochastic oscillator is suggesting a positive retracement as the %K line jumped above the %D line creating a bullish crossover in the daily timeframe. An upside rally in the […]
January is well under way and we are back with the Economic Calendar of the potential FX market movers for this Monday. It’s a market holiday in the US due to Martin Luther King Day, so trading will most likely be lighter than usual on both sides of the Atlantic. The calendar is extremely light […]
Blue channel is based on the price movement of yesterday. Violet channel is based on the previous two-day consolidations. Yellow channel is based on the previous three-day consolidations. The recent bullish movement of the GBP/USD pair which started around 1.2700, has lost much of its bullish momentum since Wednesday. Lack of enough bullish momentum is […]
Despite the continued uncertainty around Brexit, the “shutdown” in the United States and the prospect of slowing down the process of raising the Fed’s interest rate, the gold exchange rate has not yet been able to overcome the $1,300 mark. Against the background of the emergence of contradictory news regarding these events, gold market participants […]
The pound has entered again the zone of uncertainty on the eve of the most important negotiations between London and Brussels and the subsequent vote in the House of Commons. For two and a half years from the moment of the historic referendum, the British currency has repeatedly experienced strong volatility, which as a rule, […]
We’re here to let you know how trading has been shaping up for market players during the morning session on this week’s last trading day. Euro/Dollar rose by just 23 pips, but that was enough to break through the 1.14 level. Traded volume is low and neutral sentiment of the traders is at an even […]
Johnson & Johnson stock price has been squeezed within the Bollinger bands over the last couple of weeks in the daily timeframe, failing to pare some of the losses that were posted in mid-December. From the technical point of view, the indicators seem to be flat. The RSI is standing below 50 level with weak momentum, while the ROC […]
The US 30 index staged a major recovery in recent weeks, after touching an 18-month low on December 26. Price action is now taking place back above the 50-day simple moving average (SMA), which suggests the near-term outlook has shifted back to neutral, from negative previously. Further advances in the index could encounter immediate resistance […]
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 […]
Bitcoin managed to climb higher above the dynamic level resistance of Kumo Cloud, Tenkan, Kijun, and 20 EMA resistance recently. The price is currently heading towards the 200 EMA resistance at $3,700 area. If is broken above, further bullish pressure towards $4,000 is expected in the coming days. Bitcoin is still quite volatile, trading inside […]
Trend analysis (Fig. 1). On Friday, work down from the first lower target of 1.2925 is a rolling level of 14.6% (yellow dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis – down; – trend analysis – up; – […]
Dukascopy TV Team is back with the Spike Controller, so you could make sure your broker is staying honest on this week’s final trading day. Spreads have averaged at slightly more than point 3 pips in all three time ranges for Euro/Dollar. Maximum separation has been 2.1 pips. The rate movement has been calmer than […]
The big picture: The market is determined by the direction. Until the end of January, the market should determine the direction to the beginning of the year. There are too many uncertainties as government ” Shutdown” in the USA continues which is strongly negative. The situation with Brexit has become even more confusing, after two […]
GBPJPY has been advancing considerably for three days in a row, reaching a fresh one-month high of 142.20 during yesterday’s trading session. The price jumped above the strong obstacle of the 50.0% Fibonacci of 141 of the downleg from 149.50 to 132.50, while it also surpassed the 20- and 40-simple moving averages (SMAs) in the 4-hour chart. Technically, the RSI indicator is trying […]
Trend analysis (Fig. 1). On Friday, the price will move up. The first upper target of 1.1418 is the recoiling level of 23.6% (yellow dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – up; – candlestick analysis – up; – trend analysis – […]
Wave counting analysis: On January 17, the GBP / USD pair gained about 105 bp. The amplitude of the instrument has again grown to its usual values. However, an unsuccessful attempt to break through the level of 76.4% may lead not only to the departure of quotations from the reached maximums but also to the […]
