The US stock market, currently experiencing one of the strongest collapses in recent years, faced a lack of liquidity. This phenomenon is called “ghost”, terrifying investors. This phenomenon was often recalled by market players who made it during periods of collapse, but in the last decade there was plenty of liquidity in the market. As […]
There is always a little bit of room for trading, even during the holiday season. Let’s take a look at the potential market movers scheduled for Thursday, 27th of December. The European Central Bank will release their final Economic Bulletin for this year at 9 o’clock in the morning. The weekly US Jobless Claims will […]
The USD/CAD pair has been trading upwards. As I expected, the price tested the level of 1.3540. According to the H4 time frame, I have found that buyers are in control and there is a short-term trend, which is a sign of strength. I have also found a rising LBR oscillator and upward Keltner channel, […]
Trading recommendations: According to the H1 time frame, I found that the BTC is trading inside of the range between the price of $4,135 (resistance) and the price of $3.852 (support). My advice is to watch for a potential breakout of the trading range to confirm further direction. If you see a breakout of resitance, […]
As the holiday period begins, markets will go into quiet mode for the next two weeks with little on the economic agenda to keep traders at their desks. However, with the market sentiment being stuck in risk-off mood, there is a threat that thin trading conditions could lead to some unexpected volatility, particularly from any […]
Recently, the EUR/USD pair has been trading sideways at the price of 1.1423. According to the M15 time frame, I found that EUR/USD is trading below the Ichimoku cloud and the daily pivot (1.1433), which is a sign that sellers are in control on the intraday prospective. I also found a confirmed triple bottom formation […]
Overview: The USD/CAD pair continues moving in a bullish trend from the support levels of 1.3427 and 1.3500. Currently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in the bullish trending market. As the price is still above the moving average (100), immediate support […]
Since Mid-November, Successive Lower Highs were observed below the depicted H4 downtrend line around the price levels of 1.2870 and 1.2780. Shortly after, there was a quick bearish decline towards the price level of 1.2500 before bullish recovery took place on December 12. A bullish Head & Shoulders pattern is being demonstrated on the H4 […]
Overview: The GBP/USD pair broke resistance at 1.2604 which turned into strong support yesterday. This level coincides with 38.2% of Fibonacci retracement which is expected to act as major support today. Equally important, the RSI is still signaling that the trend is upward, while the moving average (100) is headed to the upside. Accordingly, the […]
On the weekly chart, the EUR/USD pair is demonstrating a high-probability Head and Shoulders reversal pattern where the right shoulder is currently in progress. On the daily chart, the pair has been moving sideways with a slight bearish tendency. Narrow sideway consolidations have been maintained within the depicted daily movement channel since June 2018. On […]
It’s time for the midday snapshot, where we assess the performance of traders until 12PM GMT this Friday. Euro/Dollar was moving slowly up, but a following decline puts the pair point 28 percent in the red at noon. Turnover is high and sentiment of the traders is neutral, short positions are up by just 3 […]
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 […]
GBPJPY paused selling at a four-month low of 140.55 on Thursday, with the RSI hinting that a rebound could possibly take place in the four-hour chart as the indicator is fluctuating below 30 in oversold territory for the second day. Yet, as long as the MACD holds in negative area and under its red signal line, any upside correction […]
Wave counting analysis: In the course of trading on December 20, the GBP / USD pair gained about 50 bp. However, the two attempts to break through the level of 100.0% in Fibonacci failed. Thus, there is reason to assume the completion of the upward correctional structure around the level of 100.0%. In the case […]
We are heading towards weekend, but don’t let that be a reason to take the pressure off your broker. Euro/Dollar has a daily average spread of point 35 pips and peak separation has been 1.2 pips. The pair dropped by point 73 percent or 84 pips to hit the daily low just pips above the […]
Bakkt‘s Bitcoin (USD) Daily Futures Contract, the physically-settled daily futures contract, is quite close to getting the green light from the authorities, according to reports on the Wall Street Journal (WSJ). The exchange has been working with the Commodity Futures Trading Commission (CFTC) to ensure its business plan is compliant with the agency’s regulatory framework. […]
Trading Plan 12/21/2018 The big picture: The dollar is falling. The dollar declines after the Fed meeting. What is the reason? It seems that the rate was raised by + 0.25%, new increases in the rate are likely, “school-wide”, this is a strengthening of the currency. Answer: The first. The increase in the rate of […]
On December 19, FxPro became the International Investor Award Winner and was named the “Most Reliable Broker of the Year (Global Markets)”. This status is definitely confirmed by the worldwide traders’ trust: more than 870,000 client accounts are opened with FxPro up to date. The Award was established by the respected “International Investor” Magazine. It […]
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 […]
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 […]
US stocks extend plunge as investors remain jittery of a Fed policy error, US government shutdown, and US-China tensions Yen outperforms as uncertainty deepens, while dollar continues to bleed BoE remains on hold, points to intensifying Brexit uncertainties S&P 500 closes at September 2017 lows There was no reprieve for US stock markets, which extended […]
Yesterday, US Treasury Secretary Steven Terner Mnuchin tried to reassure traders and investors by making a number of statements regarding the growth prospects of the US economy after the Federal Reserve System signaled a slowdown in its growth, which led to a rapid surge in volatility, especially the EUR / USD pair. As we can […]
To open long positions on the GBP / USD pair, you need: Today is expected to yield data on the UK economy, which may return to the market of sellers. However, while the trade is conducted above the middle of the channel 1.2646, the demand for the British pound will continue and the main task […]
After summing up the FOMC meeting and in the absence of important macroeconomic data, the issues of budget formation come to the fore. On the eve, Trump tried to reach an agreement with the Congress on the budget for 2019, at stake was the termination of funding for the work of the government already this […]
To open long positions on EUR / USD pair, you need: The growth of the euro was quite intensive yesterday but the current demand is very unlikely. Buyers need to get above 1.1471, which will lead to a new wave of purchases and to update the highs already in the area of resistance 1.1515 and […]
The pair of euro-dollar entrenched in the 14th figure, but for further upward movement, an additional impulse is needed, an additional news driver. The rich economic calendar of today will play a key role in this regard. Today, the dollar will either receive support, or market participants will increase sales of the US currency. Let […]
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Here’s how the interbank compares with the technicals at 8 AM GMT on this Friday as we head into the holiday season. Euro/Dollar has most of the technical indicators pointing higher in all three time ranges. The bullish sentiment grows in the longer time frames. Interbank stance is neutral at less than 1 percent short. […]
Global markets continue to lose its positions. Overnight Nasdaq Index was one step away from the bear market threshold, at one point losing more than 20% from the peak values reached in October. S&P500 lost 1.6% on Thursday. The futures for index losing another 0.2% on Friday morning, although it is trading somewhat higher than […]
This was an important week for the market. This article will focus on the key market-making news that happened during the week. Federal Reserve On Wednesday, the Federal Reserve made its final interest rates decision for the year. The bank raised interest rates for the fourth time this year. This was an important decision because […]
