Stocks closed higher Monday as major indexes bounced back from earlier losses as renewed confidence in the strength of the U.S. economy offset lingering worries over the U.S.-China trade dispute. The Dow Jones Industrial Average DJIA, +0.14% rose 34.31 points, or 0.1%, to end at 24,423.26, while the S&P 500 SPX, +0.18% gained 4.64 points, […]
Executives from both China and the U.S. are becoming increasingly wary of traveling after Huawei’s chief financial officer was arrested this month in Canada. The Dec. 1 arrest of Meng Wanzhou, chief financial officer of Huawei Technologies Co., has Chinese business people worried they could be next while Americans are growing concerned about retaliation. Meng […]
West Texas Intermediate (WTI) crude oil futures have turned neutral after a strong downfall in the previous weeks. The price struggles within a narrow range, with upper boundary the 54.40 resistance level and lower boundary the 50.00 handle. Currently, the price remains below the 20- and 40-simple moving averages (SMAs) and the technical indicators hold in negative area. The […]
The sterling declined sharply in overnight trading after Theresa May admitted that her proposal would not pass through the house of commons. In a statement to parliament, she admitted that the deal she negotiated was not adequate for the parliamentarians. She said that in the negotiations, she had to balance on the important needs for […]
In the past few months, the amount of volatility in the market has gone up. This month alone, the CBOE volatility index has gone up from about 16 to the current 21. Even without the VIX, it is clear that the markets have become volatile. For example, yesterday, the Dow began by shedding almost 50 […]
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US-China discuss trade talks schedule, but markets keep risk-off behavior May delays Brexit vote in Parliament; pound drops below 1.26 Italian budget adjustments not ready yet US-China discuss roadmap for trade talks The Chinese Vice Premier, Liu He, is said to have exchanged views with the US Trade Representative, Robert Lighthizer and the US Treasury […]
Let’s see how the technical indicators compare with the interbank sentiment at 8 AM GMT. Euro/Dollar has neutral signals in the lead of the short and long term charts. The mid term indicators show mixed results. Interbank sentiment is neutral, matching the short and long term signals. Pound/Dollar has 4 neutrals in the lead of […]
The political crisis in Britain due to Brexit On Monday, Theresa May, the Prime Minister of Britain which is the number one person in the state, was forced to withdraw the agreement with the EU that was previously signed by her this Tuesday (December 11). This is a public acknowledgment of the fact that the […]
Burning forecast 11.12.2018 EURUSD: An attempt at growth stopped. We are waiting for a new attempt to break through. On Monday, another attempt by the euro to start moving upwards failed. The reason – the political crisis in England around the agreement with the EU sharply pulled down the pound, and the euro could not […]
Hello and welcome back for another edition of the Dukascopy Economic Calendar for Tuesday. The high importance UK unemployment report for November opens this agenda at 9:30 in the morning. The UK Office for National Statistics reported unemployment rate rising slightly to 4.1 percent for the July to September period. Total pay in nominal terms […]
Risk Warning: 69.39% 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 Dollar index has reached a very important Fibonacci resistance. A rejection at this area will increase the chances of the bearish scenario for at least one more strong leg lower and heavy selling for the Dollar. Blue rectangle – resistance area Black lines – expected path The Dollar index has bounced towards the 61.8% […]
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Trend analysis (Fig. 1). On Tuesday, the downward movement to 1.2462 is the support line (red bold line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – neutral; – volumes – down; – candlestick analysis is neutral; – trend analysis – down; – Bollinger lines – up; – weekly […]
Today we take a look at the weekly chart of Gold. Gold price made an important low back in August and since then it is rising. There is potential to move towards $1,300 again but losing $1,200, could be disastrous for bulls. Gold has made a double top on a weekly basis around $1,340-50 area. […]
On Monday, the price went down strongly and unexpectedly by 86 points after testing the rollback level of 38.2% – 1.1448 (yellow dotted line). The last role in this was not played by the news, released at 14.00 London time. Today, strong calendar news is released at 9.00, 12.30 and 14.00 London time. Trend analysis […]
To open long positions on EURUSD you need: The euro declined after a failed attempt of growth yesterday in the first half of the day. At the moment, buyers can only rely on the formation of a false breakout in the support area of 1.1355 and on good data from the ZEW Research Institute in […]
GBPUSD tumbled to a fresh 20-month low of 1.2505 on Monday, creating a strong negative move below the previous multi-month bottoms. The bearish outlook was confirmed by the lower low and the pair looks ready to maintain and possibly extend its sizeable recent losses in the next sessions. The momentum indicators are endorsing this view, despite today’s weak upside opening. The […]
To open long positions on GBP/USD is required: The pound collapsed after May announced the postponement of the Brexit vote and did not name the exact date. I don’t recommend rushing with the purchases of GBP/USD. Long positions can be seen after the formation of a false breakout in the area of 1.2537 or a […]
EUR/USD Yesterday, the single European currency lost 24 points (87 from the high of the day) under pressure from the British pound, which fell by 170 points due to Theresa May’s cancellation of the parliamentary vote on the Brexit project. The price managed to test the resistance of the embedded line of the price channel, […]
Yesterday’s growth led to the formation of the absorption pattern on the daily chart and consolidation above the NCH 1/2 1.3365-1.3354. This indicates a resumption of upward medium-term growth. Yesterday’s breakout and consolidation above NKZ 1/2 suggests the need to abandon the short position and consider buying today’s volatile trading sessions. The first support act […]
On Monday, the yen was able to show an interest in life, which had been damped since the middle of last month, on the general strengthening of growth. The price managed to go above the indicator lines of the daily chart and the embedded trend line of the price channel. The main sign of investor […]
GBP / USD On Monday, British Prime Minister Theresa May canceled the parliamentary vote on the draft with the EU to withdraw the country from the bloc. She also promised to revise some of the provisions of the agreement that were most dissatisfied with parliamentarians. Formally, the news is positive, as it provides an opportunity […]
Morning Report: 07.00 London The pound is at least stable this morning and trading above yesterday’s lows with some signs of small confidence returning. The GBP/USD plunged by over 1% on the news that Theresa May would Postpone the Brexit vote. The GBP/JPY slumped to its lowest levels since August, while the EUR/GBP spiked to […]
https://pepperstone.com/en/forex-news/market-review -GBP falls vs USD and EUR on shock news -Dollar index heads back above 97 -The head of India’s central bank resigns the rupee falls -Theresa May delays a key Brexit vote and heads to Brussels -The US and China hold a phone call over trade -UK asset prices diverge sharply amid a climate […]
When the European market opens, some economic data will be released such as ZEW Economic Sentiment, German ZEW Economic Sentiment, and French Final Private Payrolls q/q. The US will also publish the economic data such as Core PPI m/m, PPI m/m, and NFIB Small Business Index, so amid the reports, the EUR/USD pair will move […]
In Asia, Japan will release the Prelim Machine Tool Orders y/y, 30-y Bond Auction, M2 Money Stock y/y, and BSI Manufacturing Index. The US will also publish some economic data such as Core PPI m/m, PPI m/m, and NFIB Small Business Index. So there is a probability that the USD/JPY pair will move with a […]
The pair continues to form a downward medium-term model. The goal of the fall is the weekly short-circuit, formed from the extremum on November 22. The most favorable prices were not received, however, a correctional growth occurred. Today’s decline continued the downward medium-term momentum. The main goal of the fall is the weekly short-term 1.2543-1.2505, […]
Recently, Sirin Labs, an initial coin offering (ICO) project that raised $158 million during the bull market of 2017, made the headlines for its controversial pivot from a hardware-based business model to supplying software to mobile phone manufacturers. According to a report released by Bloomberg, nearly a year since the ICO, the company has not […]
