https://pepperstone.com/en/forex-news/market-review -UK PM May suffers massive defeat on Brexit -A vote of confidence is called by the opposition -GBP largely unchanged overnight on the news -China adds liquidity -A New York drug trial shines a light on possible corruption -The govt shutdown and the US economy The overnight changes and price moves to be aware […]
GBP/USD The results of the parliamentary vote on the May-EU agreement failed the project – 202 deputies voted in favor, 432 voted against. But, as expected, the EU promptly responded to this event and the first information on the alliance’s readiness to postpone the launch of Brexit was held in the second half of June. […]
Britain Pound Great vs US Dollar ____________________ The development of the movement of the currency instrument GBP / USD in the period of January 15-22, 2019 Marking options for movement within the this zone of balance forks. ____________________ Downward of the Perspective Development Movement (sell) Breakdown of the support level of 1.2820 (lower limit of […]
Euro vs US Dollar ____________________ movement development of the single currency by European EUR / USD in the period 15_22 January 2019 is of due to perfecting the a levels Boundaries balance area ( 1.1365 <-> 1.1400 <-> 1.1435 ) Fork Operational scale Minuette. The Marking options for movement Within a Given Equilibrium zone forks […]
The agreement signed by Teresa May with the EU on the terms of relations after Brexit, deafeningly failed in the British Parliament: Against 432 votes and only 202 for. Opposition leader Corbin called for early elections. The question of confidence in the government will be put to the vote on Wednesday, January 16. The material […]
The GBP/JPY pair is approaching its resistance at 140.20 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 136.89 (38.2% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is nearing its resistance at 98% where a corresponding reversal is anticipated. GBP/JPY is […]
The foreign exchange market in anticipation of key events of today, month, and possibly – the year. The British Parliament will deliver its verdict on Brexit late tonight (and possibly late at night), so today’s trading is cautious and quite volatile. In particular, at the beginning of the US session, the euro/dollar pair surprised traders […]
4-hour timeframe The amplitude of the last 5 days (high-low): 93p – 94p – 73p – 156p – 112p. Average amplitude for the last 5 days: 106p (98p). The British pound sterling on the second trading day of the week a few hours before the voting in the British Parliament is losing ground against the […]
4-hour timeframe The amplitude of the last 5 days (high-low): 63p – 121p – 85p – 83p – 31p. Average amplitude for the last 5 days: 76p (88p). The EUR/USD currency pair on Tuesday, January 15, a day that could be crucial for the UK, Theresa May and the current government, and is simply very […]
It will take a majority of the votes of the legislators so that Theresa May’s unpopular Brexit agreement will be approved. If the document is rejected by 100 people, it will increase the risks, in particular, the risk of strengthening the opposition and early elections will increase, which will lead to a drop in the […]
The expected slowdown in the growth rate of the German economy hit the euro. The single European currency fell on concerns about a wider downturn in Europe. The region’s largest economy is experiencing a cooling of the global economy and the effects of trade conflicts caused by the policies of US President Donald Trump. The […]
Today, British parliamentarians will need to make a decision that can determine the scenario for the United Kingdom’s withdrawal from the European Union. The further dynamics of the British currency depend on the voting results in the House of Commons. The question of whether the country’s Prime Minister Theresa May can get parliamentary approval for […]
So, this day has come. The British Parliament will vote today whether it will support the agreement with the EU, concluded by Prime Minister Theresa May. Experts promise a crushing defeat in May. Is it possible that this will actually become a vote of no confidence in the May government? – Yes, probably. How can […]
The US 100 stock index (NASDAQ 100) has reversed back to the upside, hitting the 50-day simple moving average (SMA). Currently, the price is hovering around the 38.2% Fibonacci retracement level of the downleg from 7700 to 5845, near 6555. Momentum indicators in the daily chart though are currently supporting that positive momentum is likely to strengthen in the short-term. […]
Key data releases out of the UK are likely to once again find themselves fighting for attention amid a deepening Brexit turmoil. But although there will be bigger stories than economic indicators dominating the headlines for sterling traders over the next few days, the data could nevertheless provide some clues as to the likelihood of […]
To open long positions on EUR / USD pair, you need: In the first half of the day, a report was released on the Eurozone’s foreign trade surplus, which r amounted to only 19.0 billion euros in November last year against 23.4 billion euros in November 2017, which put pressure on the euro. Currently, buyers […]
Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1418. According to the H4 time – frame, I have found a finished expanded flat bullish correction phase, which is a sign that downward movement can resume. My advice is to watch for selling opportunities. The downward target is set at […]
Recently, Gold has been trading sideways at the price of $1,289.00. According to the H1 time – frame, I have found a broken intraday bearish flag in the background, which is a sign that sellers are in control. I also found that there is hidden bearish divergence on the MACD oscillator and that a potential […]
Trading recommendations: According to the H4 time – frame, I found that BTC created a potential double bottom pattern, which is a sign that selling looks risky. I have also found that therer is the bullish impulsive wave in the background and hidden bullish divergence on the LBR oscillator, which is another sign of the […]
On the weekly chart, the EUR/USD pair is demonstrating a long-term Head and Shoulders reversal pattern where the right shoulder is currently in progress. On the Daily chart, the pair has been moving sideways with slight bearish tendency. Narrow sideway consolidations have been maintained within the depicted daily movement channel since June 2018. On November […]
Dukascopy TV Team is back with the overview of the potential market movers scheduled for publication on this Wednesday. Early hours are busy for Sterling traders. First, the Bank of England Governor Market Carney will testify on the financial stability report at a quarter past 9 AM and it’s a high importance event. Three more […]
West Texas Intermediate (WTI) crude oil futures are finding strong support level on the 23.6% Fibonacci retracement level of the sharp downward movement from 76.90 to 42.50, around 50.65. The technical indicators suggest that there are still some investors that could hold the market on the downside; the MACD is moving lower below its red signal line, while […]
Since mid-November, Successive Lower Highs were demonstrated around the price levels of 1.3060, 1.2920 and 1.2800 maintaining movement within the depicted H4 bearish channel Shortly after, a quick decline was demonstrated towards the price level of 1.2500 before bullish recovery could take place on December 12. A bullish Head & Shoulders pattern was demonstrated on […]
It’s 12 PM GMT on this Tuesday, so let’s see how things are shaping up for the market players. Euro/Dollar took a slide to trade point 36 percent in the red at 12 o’clock. Traded volume is average and neutral sentiment of the traders is just 5 percent short. Sharp decline makes a successful morning […]
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 […]
Overview: The GBP/USD pair continues to move upwards from the level of 1.2728. Yesterday, the pair rose from the level of 1.2728 to the top around 1.2780. Today, the first resistance level is seen at 1.2814 followed by 1.2888, while daily support 1 is at 1.2728. According to the previous events, the GBP/USD pair is […]
It’s time for Tuesday’s Dukascopy Spike Controller. Let’s take a look at the average and peak spread levels for the three non-cross majors. Euro/Dollar’s daily average spread is point 34 pips and maximum separation has been 2 pips. The pair took a sharp decline today as it plummeted by a total of point 58 percent […]
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The JPMorgan stock price is continuing last month’s rebound on the 16-month low of 91.07, touching the 101.45 resistance level. However, looking at the technical indicators, they suggest bearish actions as the price opened with a gap down in the previous sessions. The stochastic oscillator is moving lower below the overbought level, while the ROC […]
British lawmakers will vote on the Brexit deal today; outcome crucial for sterling In the broader market, risk aversion is abating as China outlined plans for fresh stimulus Some remarks by ECB President Draghi may also attract attention Sterling turns its sights to the long-awaited parliamentary vote The spotlight will fall on the UK today, […]
