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When the European market opens, some economic data will be released such as the French Trade Balance and German Industrial Production m/m. The US will release economic data as well such as the Consumer Credit m/m, JOLTS Job Openings, trade balance, and the NFIB Small Business Index Auction. So, amid the reports EUR/USD will move […]
In Asia, Japan will release the Consumer Confidence survey and 10-y Bond Auction. The US will release some Economic Data such as Consumer Credit m/m, JOLTS Job Openings, Trade Balance, and NFIB Small Business Index. So, there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL […]
Morning Report: 07.00 London The dollar index is steadier this morning, as the Greenback rebounds from support levels and forces major dollar pairs to reverse some of yesterday’s gains. There were small gains for the AUD/USD yesterday, but these have mostly been reversed this morning on poor trade balance figures. The GBP/USD and EUR/USD are […]
GBPUSD has been edging higher over the last three days, following the bounce off the 21-month low of 1.2390 that was reached on January 2. This week the pair continues to attract buying interest, with the price climbing slightly above the long-term descending trend line. The technical indicators are still positive in the short-term, with […]
4-hour timeframe The amplitude of the last 5 days (high-low): 89p – 59p – 134p – 192p – 211p. Average amplitude for the last 5 days: 128p (137p). The British pound on Monday, January 7, also continues to recover from the failure of January 2. All losses are currently balanced, therefore, in our opinion, the […]
https://pepperstone.com/en/forex-news/market-review -USD gains versus EUR CNY and ZAR -Dollar index stays below 96 -FOMC member Bostic talks US rates in 2019 -Kim Jong Yun goes on a trip -The President of the World Bank resigns -Samsung warns on chip sales what now for global tech? The overnight changes and price moves to be aware of […]
4-hour timeframe The amplitude of the last 5 days (high-low): 102p – 44p – 172p – 102p – 73p. Average amplitude for the last 5 days: 99p (99p). The EUR/USD currency pair continued its upward movement on Monday, January 7, not too strong, but confident and recoilless. There were few macroeconomic reports published on the […]
The euro continues to stay in a super-long range. The next event that can give impetus to European currencies: the beginning of the debate in the British Parliament on the agreement with the EU. The debate is scheduled for January 9, voting must take place no later than January 13. We are ready to buy […]
Fans of the yen waited for their high point. The Japanese currency headed for strengthening, confidently pushing the American dollar from the podium. Fed Chairman Jerome Powell said that the regulator will adhere to moderate monetary policy in 2019. The official also pointed out the lack of a predetermined rate of increase in rates and […]
Trading recommendations: According to the 30M time – frame, I found strong demand in the background and a bullish flag pattern in progress, which is a sign of potential upward continuation. My advice is to watch for a potential breakout of the bullish flag to confirm a further upward movement. The upward targets are set […]
Bitcoin has been quite impulsive with the recent bullish momentum which nudged the price to reside above $4,000 area recently. The price bounced off the 200 EMA recently while being supported by the dynamic levels of Tenkan, Kijun, and 20 EMA. The price recently retested off the $4,000 area with a retracement. The price is […]
Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1444. According to the H1 time – frame, I have found that price is trading above the Ichimoku cloud and above the daily pivot (1.1386), which is a sign that buyers are in control. I also found a breakout of the […]
Sales in the eurozone rose in November more than expected, consumers bought more clothes and equipment, official data showed, this was another positive sign of the growth of the regional economy in the last quarter Retail sales increased by 0.6 percent on a monthly basis, which is much higher than the growth forecast by 0.1 […]
The European currency is gradually strengthening its position against the US dollar against the background of good data on retail sales in the eurozone, which was mainly provided by Germany. Regular unsuccessful negotiations between Donald Trump and the leaders of the Democratic Party on the issue of resuming the work of the government are putting […]
Recently, Gold has been trading sideways at the price of $1,290.00. According to the H1 time – frame, I have found that price breached the Keltner’s lower band, which is a sign that there is potential for a change in trend behavior from bullish to bearish. I also found a potential bearish flag in creation […]
Silver is an important metal that is classified as a precious metal. This is despite the fact that it is less expensive than other precious metals such as gold, palladium, and platinum. An ounce of silver sells for about $15. This is much lower than gold’s $1300 and palladium’s $1250. Because of this, silver is […]
Last week, the markets ended at a high note as investors cheered the impressive jobs report and he assuring message from the Fed chair. The Dow gained by 746 points while the S&P gained by 85 points. The positive jobs numbers continue to show that the US economy is accelerating its growth. This was seen […]
EURAUD retreated after it found strong resistance on the almost 10-year high of 1.6658, returning below the 1.6350 strong barrier. The downfall in the price action is confirmed by the technical indicators. The MACD continues to head downwards after creating a bearish cross with its trigger line, while the stochastic oscillator weakened to enter oversold zone, with 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 […]
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 bearish 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 Friday, investors cheered the excellent jobs release from the United States, the positive statement from Jerome Powell, and the announced talks between the United States and China. Data from the Bureau of Labor Statistics (BLS) showed that the economy added more than 312K jobs. This was a sharper increase from the previous month’s 176K […]
In 2018, the price of WTI crude oil started at about $60 a barrel. The price rallied to a YTD high of $76.9 in October. At this time, investors were optimistic that the price would continue rallying and the hopes were that the price would reach $100 a barrel this year. The rally was driven […]
China is the second most powerful economy in the world after the United States. It has a GDP of more than $11 trillion and a population of more than 1.2 billion people. For this reason, China is the biggest consumer in the world. It has increased need for raw materials such as copper, corn, and […]
The US 30 stock index managed to test the 38.2% Fibonacci retracement level (23,645) of the downward move from 26,960 to 21,596 today after a buoyant rally last Friday. Technical indicators are suggesting more gains in the short term, with the MACD jumping above its trigger line in negative territory and the RSI approaching its 50 neutral level, though with weaker momentum. […]
The European Commission is publishing its final Business and Consumer Survey for 2018 on Tuesday at 1000 GMT. While the numbers stood at 18-year highs at the end 2017, creating euphoria that the uptrend would continue in the near future, the confidence indicators moved to the downside during 2018 and are now forecasted to finish the year even […]
Gold has rebounded on the 1276.56 support level in the preceding week after the downfall from the almost seven-month high of 1298.47. The rally brought the price above the 20- and 40-simple moving averages (SMAs) in the 4-hour chart, endorsing the outlook to a strongly positive one. Technically, the RSI indicator is sloping marginally down while […]
On Monday, the Australian and New Zealand dollars kept close to the weekly highs, as risky assets came back in demand amid expectations that politicians around the world would take action to support economic growth. Immediately, three events on Friday gave support to risky currencies. First, Beijing announced a new round of trade negotiations with […]
China and the United States began official negotiations this morning to resolve the trade conflict. Over the past month, the parties exchanged telephone consultations, and now they have met with their own eyes as the American delegation flew to Beijing for this purpose. The meeting takes place at a fairly “high” level, thus, its results […]
Morning Report: 07.00 London The dollar index is pulling back further this morning, testing the December lows as traders shun the need for safe havens amid hope of a trade deal between the US and China. Dollar pairs are higher, led by the AUD/USD which has recovered from the New Year flash crash to trade […]
