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 […]
USDCAD keeps printing higher highs and higher lows within an ascending channel, reaching fresh 1 ½ -year peaks at 1.3529 on Thursday. While the market looks to be approaching overbought territory according to the RSI, the MACD suggests that the rally is not over yet as the indicator continues to point to increased positive momentum above its red […]
Large scale graph: From the end of May of the current year, the bullish wave structure unfolds on the chart, designed to return the direction of the main trend to the upward course. Medium scale graph: Since October 26, the flat mood dominates on the chart, making it difficult to identify wave structures. This is […]
In recent days, the course of the single European currency has received significant support and added to the US dollar. This was facilitated by the expectation of the ECB’s decision to stop the European economy support program this month. Some certainty regarding the Brexit issue amid the promising softer monetary policy announced by the Fed […]
Trend analysis (Fig. 1). On Friday, a downward movement is possible with the first target of 1.1424 – a rolling level of 23.6% (yellow dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis – down; – trend analysis – […]
Morning Report: 07.00 London The dollar index is on the rise this morning after heavy selling yesterday. The biggest counter move is against the yen which surged on Thursday as markets took fright at a range of global risks and took comfort in the yen. The USD/JPY plunged below 111.00 yesterday, but is recovering to […]
EUR/USD There was a slight separation in the financial markets yesterday due to the uncertainty of the average players left without the support of large investors. As we noted earlier, major players left the stock market in the autumn and shifted to government bonds, which, in part, provided support to the dollar. In fact, we […]
Trend analysis (Fig. 1). On Friday, a downward movement with a lower target of 1.2619 is possible – a rolling level of 38.2% (yellow dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis is neutral; – trend analysis – […]
Yesterday, the pair reached the range of the average course of the week. This indicates a high probability of stopping growth and the emergence of a proposal. It is possible to form a corrective model that will allow you to get favorable prices for the purchase. Yesterday’s growth made it possible to reach two significant […]
The correction in the wave iv should be close to its end. Ideally, we will see a final spike above 1.7015 where a peak of a new impulsive decline in the wave v towards 1.6166 is expected. In the short-term, a break below minor support at 1.6777 will be a strong indication that the wave […]
The EUR/JPY pair has finally broken below the triangle support-line at 127.70 and the wave C will be able to lower to the long-term ideal target at 123.66. Now the previous support at 127.70 should act as resistance and, ideally, cap the upside for a further decline in the wave C. However, this will be […]
https://pepperstone.com/en/forex-news/market-review -EUR and GBP are weekly gainers -AUD and NZD trended lower -Dollar index down by -1% over this week -UK and US and Canadian GDP data due out today. -Carlos Ghosn is re-arrested in Japan -China’s growing influence in Latin America -FDU is taking a break and will be back on the 2nd of […]
The AUD/JPY pair has been quite impulsive and non-volatile with the recent bearish momentum after rejecting off the 84.00 resistance area with a daily close. Japan having the record budget and better development plans without mass improvement or changes, did manage to help the currency to gain impulsive momentum over AUD. AUD has been struggling […]
The AUD/USD pair is approaching its resistance at 0.7162 (100% Fibonacci extension, 61.8 % & 50% Fibonacci retracement, horizontal pullback resistance) where a reversal to its support at 0.7105 (76.4% Fibonacci retracement, horizontal swing low support) is expected. Stochastic (55, 5, 3) is nearing its resistance at 87% where a corresponding drop is anticipated. AUD/USD […]
The CHF/JPY pair bounced off its support at 112.32 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 113.25 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is approaching its support at 3.2% where a corresponding bounce could occur. CHF/JPY bounced off its […]
When the European market opens, some economic data will be released such as Consumer Confidence, French Consumer Spending m/m, and German GfK Consumer Climate. The US will also publish the economic data such as Revised UoM Inflation Expectations, Personal Income m/m, Revised UoM Consumer Sentiment, Personal Spending m/m, Core PCE Price Index m/m, Final GDP […]
In Asia, Japan will release the National Core CPI y/y and the US will also publish some economic data such as Revised UoM Inflation Expectations, Personal Income m/m, Revised UoM Consumer Sentiment, Personal Spending m/m, Core PCE Price Index m/m, Final GDP Price Index q/q, Durable Goods Orders m/m, Final GDP q/q, and Core Durable […]
The current movement of the Asian session made it possible to implement a priority descending model. The weekly test of 111.89-111.71 indicates the need to fix a portion of sales. The rest can be converted to breakeven. The downward movement moves into the medium-term phase. If today’s closing of the US session is below the […]
Breaking forecast 12/20/2018 The euro began to move upward. On Wednesday, the euro started to move upward – but received a strong blow from the Federal Reserve rate hike. Yet the movement is not yet broken. We keep buying from 1.1405, stop 1.1360, target 1.1605. Possible entry to the breakthrough of 1.1445. The material has […]
This week may will be remembered for a reverse of crypto market to some optimism. Bitcoin has managed to get support at $3,300. Purchases are gradually gaining momentum, that allowed the price to exceed the $4,000 threshold. Needless to say that the BTC rebounds after an excessive oversold earlier. In addition, a very positive sign […]
EUR/AUD is testing its resistance at 1.5998 (61.8% Fibonacci extension, 61.8 % Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 1.5825 (61.8% Fibonacci retracement, horizontal overlap support) is expected. Stochastic (55, 5, 3) has reversed off its resistance at 98% where a corresponding drop is expected. EUR/AUD is testing its resistance […]
XAU/USD is approaching its support at 1233.53 (61.8% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1245.25 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching its support at 2.3% where a corresponding bounce could occur. XAU/USD is approaching its support […]
