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USDJPY seems to be moving within a symmetrical triangle in the daily chart, creating lower highs and higher lows. In the short term, momentum indicators suggest that the bias is neutral to bearish as the RSI hovers marginally below its neutral threshold of 50, while the MACD has already crossed below its red signal line […]
The Bank of Canada (Bank of Canada, BoC) decided on Tuesday, December 5, to keep the target overnight interest rate unchanged at 1.75%, in line with expectations of financial markets and investors. The comments included in the monetary policy statement, however, caused the Canadian dollar rate to weaken significantly, testing the lowest levels against the […]
Gold price is at the important resistance area of $1,239-43.50. Trend remains bullish in the short-term as price remains inside the bullish channel. Blue area -major resistance Purple lines – bullish channel Green line -major trend line support Blue line – important short-term trend line support Gold price has not made any progress yesterday as […]
EUR/USD remains trapped inside the triangle pattern but it is running out of space. Although the most probable outcome would be to break to the downside towards 1.12-1.11, we should not ignore the upside potential towards 1.15-1.1560. Red line- resistance Green line -support EUR/USD is trading below the Ichimoku cloud and inside a triangle pattern. […]
According to reports the British newspapers, the second largest stock exchange in the world, the Nasdaq confirmed plans to launch Bitcoin futures – this will be done in the first half of 2019. Yesterday’s confirmation of Joseph Christinat, vice president of the Nasdaq media team, explained that the launch of this requires the approval of […]
Morning Report: 07.00 London Markets have been hit by a wave of risk-aversion on the arrest of Huawei CFO Meng Wanzhou. The yen is in demand, along with safe haven favourite the Swiss franc. Yen pairs are on the back foot, led by the rapid collapse of the AUD/JPY which is being hit due to […]
NZD/USD The growth of the New Zealand dollar ended this week’s testing areas of convergence of the Krusenstern line with a Fibonacci level of 76.4% on the weekly scale chart. Currently, the price is already below the indicator line of balance. The objectives of the decline also accept Fibonacci levels: 110.0% – 0.6702, 123.6% – […]
EUR/USD On Wednesday, the markets continued to storm, but this storm has definitely subsided. The dollar index at the end of the day has not changed in price, as well as the euro. A number of other currencies, in particular the Canadian and Australian dollars, declined smoothly and predictably. Perhaps now, peace will come to […]
The euro-dollar pair shows a weak correction growth, primarily due to a small strengthening of the single currency. Renewed optimism about the prospects for Brexit, as well as negotiations between Rome and Brussels on the resolution of the Italian budget problem provide temporary support for the euro, while the dollar index could not gain a […]
The European Commission (EC) on Wednesday, December 5, published a plan to strengthen the global role of the euro in world markets. EC Vice President for the Euro and Social Dialogue Valdis Dombrovskis said that Brussels intends to make the euro a more attractive currency for international payments than the US dollar. In addition, it […]
The British currency was under strong pressure yesterday, following the controversial fundamental background. The unexpected cohesion of the British deputies against Theresa May has caused alarm to traders, after all, after only 6 days, parliamentarians must decide the fate of the Brexit deal. On the horizon, the prospects for Britain’s chaotic exit from the EU […]
If for most of the year it is neither shaky nor so-so and by the end of it you cannot get out of the red zone, competitors always have a chance to get around you. For the first time since 2002, palladium prices have exceeded the value of gold. In the market they talk about […]
On 11 December MP’s vote on Theresa May’s Brexit agreement. While this is widely expected to be voted down, we look at the implications of the vote and how GBP may trade given these potential outcomes. Website: https://pepperstone.com/ Twitter: https://twitter.com/pepperstonefx Chris Weston: https://twitter.com/chrisweston_ps Subscribe: https://bit.ly/2NlF6rI Related Posts:Could the ECB adopt its June 2022 playbook and […]
European and Asian stocks dropped on Wednesday following the rout on Wall Street, though declines were contained and U.S. equity futures rose after China pledged to start delivering on trade agreements reached with America. The pound gained as traders weighed the latest on Brexit. Global markets were left reeling following Tuesday’s steep sell-off in New […]
Danish Saxo Bank has published a list of “shocking forecasts”, which are positioned as “unlikely”, but still have a place. Solar flare and damage of two trillion. Considering the cycles of solar activity next year, a giant flash will occur that will cause a powerful magnetic storm. Because of this, most satellites over the western […]
On the eve, the gold rate reached a maximum value for the first time since mid-July. Today, the precious metal is getting cheaper by correction, bargaining around the $ 1240 mark for 1 ounce. According to experts, the dynamics of gold is still highly dependent on the behavior of the dollar. Since the beginning of […]
The debates and discussions that began in the British Parliament today on the Brexit issue, support the British pound, which sharply strengthened its position against the US dollar today in the morning. Weak data on the service sector was ignored by traders, although on a typical day such a sharp drop in the region of […]
GBPAUD reversed from support area Further gains are likely GBPAUD recently reversed up sharply from the support area lying between the lower daily Bollinger Band and the strong support level 1.7300 (low of wave (A) and multi-month low from August). The upward reversal from this support area completed the earlier short–term impulse wave 5 – […]
• Palladium broke key resistance level 1160.00 • Further gains are likely Palladium continues to rise after the earlier breakout of the key resistance level 1160.00 (which stopped the previous short-term impulse wave (i) and which was set as the likely target in our earlier forecast for this instrument). The breakout of the resistance level […]
Why trade with ETX Capital? – http://www.etxcapital.co.uk ETX Capital is one of the leading providers of spread betting, CFDs and forex trading services for retail, HNW and institutional clients. Based in the City of London, ETX is a member of the London Stock Exchange and regulated by the Financial Conduct Authority.* Find out more about […]
Why trade with ETX Capital? – http://www.etxcapital.co.uk ETX Capital is one of the leading providers of spread betting, CFDs and forex trading services for retail, HNW and institutional clients. Based in the City of London, ETX is a member of the London Stock Exchange and regulated by the Financial Conduct Authority.* Find out more about […]
Markets unconvinced by Trump-Xi trade rapprochement The Fed could slow rate hikes Market braces for Brexit turbulence as May struggles to convince Parliament Markets unconvinced by Trump-Xi trade rapprochement A major theme for global markets and the global economy is the uncertainty caused by the frictions between the United States and China. It was therefore an […]
To open long positions on GBP / USD, you need: Just terrible data on the services sector in the UK were ignored by traders. This again shows that all attention is focused on Brexit and the decision of the parliament. It is best to consider long positions on the pound after updating the support of […]
To open long positions on EUR / USD, you need: The speech of the President of the ECB led to the strengthening of the euro, and as long as trade is conducted above the level of 1.1336, demand will remain, which will lead to the renewal of a larger area of 1.1374, where I recommend […]
According to experts, the past month in the financial markets was rather boring, except for the continued strong fall in oil prices. However, in recent days, the movement in many instruments has noticeably intensified, as if they have found a second wind. It is assumed that by the end of this year, 3 investment intrigues […]
In the past one month, the Australian dollar has been among the best-performing currencies in the G20. In this period, the currency rose from a low of 0.7200 to a high of 0.7395. This high was reached yesterday after a bullish statement from the Reserve Bank of Australia. In the monetary policy statement released yesterday, […]
The US 100 index edged aggressively lower in Tuesday’s session as the bears continue to pull the price below the 50- and 200-simple moving averages (SMAs) and the 38.2% Fibonacci retracement level of the upleg from 6160 to 7700, around 7100. Today, the price is paring some losses and momentum indicators point slightly to the upside in […]
On October 30, the GBP/USD pair looked oversold around the lower limit of the H4 channel around 1.2700 where profitable BUY entries were suggested. A Quick bullish movement was demonstrated towards the price level of 1.3170-1.3200 where another descending high around the depicted downtrend was established. This initiated the current bearish pullback towards the depicted […]
Hello, you’re watching the Dukascopy FX Economic Calendar for Thursday, 6th of December. German Factory Orders for October open this agenda at 7 o’clock in the morning. Orders were up by point 3% in September after jumping by two and a half percent at the end of the summer. US ADP Employment Report for November […]
