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 […]
Stocks advance, safe-havens tumble on reports US could roll back China tariffs In the UK, sterling surges without Brexit news; sentiment is improving Today, Canadian inflation figures and Fed speakers may steal the show Stocks jump, yen softens on reports US may lift China tariffs Risk appetite firmed during the late US session on Thursday, […]
GBP / USD pair The British pound continues to grow on the optimism of the new “improved” agreement with the EU. Readiness to review the agreement was announced yesterday by EU negotiator, Michel Barnier. The sterling pound added 105 points. Growth started from supporting the MACD line on the daily chart. Growth may continue the […]
Trading plan for 18/01/2019: There was a rather calm session in Asia, although the risk might increase after some publication of reports of possible abolition of import duties imposed by the US on China. At the currency market, the USD / JPY jumped to 109.40, AUD and NZD rebounded from some of the weaknesses from […]
Here’s how the technical studies line up with the interbank stance at 8 AM GMT on this Friday. Euro/Dollar has 5 neutral signals in both the 1 and 4-hour charts. There are 4 red signals in the hourly scale. Interbank sentiment is bullish at close to 23 percent long. Pound/Dollar’s hourly studies are mostly red. […]
Morning Report: 07.00 London Markets are quiet this morning as traders pause for breath following yesterday’s moves. The British pound remains in a strong position, with the GBP/USD sitting just below 1.3000 following Thursday’s sizeable rally. The GBP/JPY is higher for the fifth day out of six, while the EUR/GBP continues to slump after euro […]
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USDCAD has been struggling below the 23.6% Fibonacci retracement level of the upleg from 1.2060 to 1.3663, around 1.3285 over the last seven days, following the bearish rally from the 19-month high of 1.3663. The price also remains below the simple moving averages (SMAs) which are turning lower, signaling a bearish crossover in the near future. Looking […]
EUR/USD remains in a short-term bearish trend inside a downward sloping channel. Price has stopped its decline around the 61.8% Fibonacci retracement level of the last leg upwards from 1.13 to 1.1570. Green line – major trend line support Purple lines – bearish channel EUR/USD is struggling to hold around 1.14. Short-term trend remains bearish […]
Gold price continues to trade inside the triangle pattern. In our previous posts, we have mentioned the price levels we should keep in focus and both the upside and downside targets depending on the direction of the break out. Green rectangles – support areas Purple lines – bullish channel Black lines – triangle pattern My […]
To open long positions on GBP/USD you need: The pound strengthened after yesterday’s proposal by a member of Parliament to block the current Brexit deal, which will automatically lead to a postponement of the UK exit from the EU and relieve tensions in this matter. Today, it would be best to consider new purchases of […]
After a series of Bearish Engulfing candlestick patterns at the level of 1.1539 and 1.1570 that established the downtrend, the market has made the Bearish Harami around the level of 1.1483 and went down again to stop around the level of 1.1371. This move down has terminated at the technical support zone between the levels […]
To open long positions on EURUSD you need: The euro fell yesterday against the background of weak data for the euro area and a good report on the US labor market. Today, you can take a closer look at purchases when forming a false breakdown at the level of 1.1375, however, it should be taken […]
EUR / USD pair On Thursday, the euro consolidated below the price channel line of the daily chart on the background of a neutral economic and political situation, helped by the indicator line of balance. The Marlin indicator s is still developing in the negative zone on the daily and H4 chart but there is […]
Ethereum Elliott Wave analysis for 18/01/2019: The triangle pattern in wave 4 continues, more downside in view Technical market overview: The three wave advance to the level of 156.91 has been completed at January 5th and since then the market has started an impulsive decline that reached the level of support at 108.46. The decline […]
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 […]
The prospects for the euro from the point of view of the foundation are vague. On the one hand, it is not clear how the market will perceive a new round of uncertainty around Brexit – it would seem that the approach to Britain’s exit from the EU without an agreement is unprofitable for both […]
https://pepperstone.com/en/forex-news/market-review -GBP testing towards $1.30 -Dollar gains JPY CNY and BRL -Japanese CPI hit a seven month low -NKs top negotiator arrives in Washington -A Downward revision to China 2017 growth -Will the US roll back tariffs to help its trade talks? -Slowing or not China is a wealth creation machine The overnight changes and […]
Following a vote of no confidence, Theresa May retained her post as British Prime Minister. On Monday, January 21, she will present the so-called plan “B” for Brexit, which should arrange parliamentarians. The pound is in conditions of high volatility and uncertainty, there are rumors in the markets that the exit date from the European […]
If the dollar rises in price to European currencies, it decreases in relation to the Japanese yen. Moreover, this weakness cannot be called a temporary phenomenon. According to the head of the North American currency strategy department in TD Securities Mark McCormick, a mark of 95 yen per dollar may well become a reality very […]
Concerns about China’s dismal economic outlook and possible US tariffs on European cars led the euro to a decline, while the end of the next chapter in the Brexit saga gave a moment of peace to the pound. Fresh European news was weak and local markets followed the lead of Asia and pushed major indices […]
China’s economy is expected to continue to slow down this year particularly on domestic demand and exports affected by US tariffs. Beijing will most likely have to deploy additional incentive measures. According to forecasts, China’s economic growth will slow to 6.3 percent this year and will be the weakest in 29 years. A significant slowdown […]
Since October of last year, the AUD/USD pair has been trading within a wide-range flat, without leaving the range of 0.70-0.73. This behavior is very typical for the “aussie”: the price may fluctuate in one price niche for several months, after which it impulsively moves to the next “level” – higher or lower. Therefore, the […]
The European currency again failed to gain a foothold above key resistance levels and began to gradually lose ground against the US dollar in the afternoon after the release of a good report on the US labor market, as well as before the publication of the report of the US Department of Commerce, in which […]
EUR/USD descends slowly, although the single currency, and the greenback are under a certain pressure. On the one hand, the slowdown in the eurozone, dovish comments from the European Central Bank and the uncertainty of Brexit, on the other hand, a record shutdown, a slowdown in U.S. inflation and a slowdown in the rise in […]
4-hour timeframe The amplitude of the last 5 days (high-low): 73p – 156p – 112p – 246p – 72p. Average amplitude for the last 5 days: 132p (136p). The British pound sterling on Thursday, January 17, most of the day, as well as the European currency, stood in one place, just below the resistance level […]
4-hour timeframe The amplitude of the last 5 days (high-low): 85p – 83p – 31p – 108p – 47p. Average amplitude for the last 5 days: 71p (86p). The EUR/USD currency pair on Thursday, January 17th, is trading for the second day in a row near the support level of 1.1386 and can neither overcome […]
The cryptocurrency complex had a horrendous run in 2018, with most major coins collapsing following their meteoric rise in the prior year, as the “euphoria” faded and in the midst of greater regulatory scrutiny. Alas, considering that several key issues remain unresolved – ranging from security and regulation concerns to illiquidity – it’s difficult to […]
The latest inflation data out of Canada will hit the markets on Friday, at 1330 GMT. While these figures are always important for market expectations around future Bank of Canada (BoC) rate hikes, the loonie’s overall direction may depend mostly on how oil prices perform going forward, given the resurgent correlation between these two assets. […]
