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 slight bearish tendency. Recent bearish consolidations have been maintained within the depicted daily movement channel since June 2018. On November […]
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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 […]
GBPJPY has declined considerably after touching several times the 143.90 resistance level in the previous daily session. In the short-term the bias seems to be negative, while on the daily chart the pair remains in a sideways channel over the last four months with upper boundary the 149.50 resistance and lower boundary the 141.15 support. Technically, on the 4-hour chart, […]
Euro ticks down as ECB ends QE, but downgrades balance of risks Aussie and kiwi fall sharply after key Chinese data disappoint EU refuses to renegotiate Brexit deal; sterling rallies may remain short-lived US retail sales data due out today Euro inches lower despite Draghi trying his best not to seem dovish The European Central […]
You’re watching the Dukascopy Daily Trading Signals for Friday. Here’s how the technical studies line up with the interbank stance at 8 AM GMT. Euro/Dollar’s short term studies show mixed results. The mid and long term indicators are mostly neutral, which is in line with the less than nine percent long interbank sentiment. The Cable […]
USDCAD is losing momentum after the aggressive upside run towards the 18-month high of 1.3443 on December 6. The price is developing well above its moving averages which are positively sloped, a sign that the uptrend could continue and remains in an ascending movement in the short- and long-term timeframes. Momentum indicators are also in bullish territory, […]
The euro continues to trade inside a tightening range having formed a triangle pattern. Trend remains neutral as price is still below resistance and above support. Traders better wait for a confirmed breakout before choosing sides. Blue lines – triangle boundaries Nothing new regarding our view on EUR/USD. Price is in the middle of the […]
Gold price is pulling back towards the support area of $1,239-40. This pullback has a short-term target of $1,235 where the short-term 38% Fibonacci retracement is found. Bulls would want this decline to stop there. Green rectangles -support levels Red rectangle -short-term target Green line -long-term support trend line Blue line – short-term trend line […]
Morning Report: 07.00 London The dollar index is back in demand as global confidence fades and traders seek out the safety net of the US dollar. The dollar’s strength is being helped by the weakness in its main counterparty the euro. The EUR/USD dropped for the second straight day as the ECB issued a cautious […]
https://pepperstone.com/en/forex-news/market-review -GBP back above 1.26 vs USD for now -AUD and NZD post big losses -China retail sales fall flat -Japanese manufacturers are feeling better -PMI data and US retail sales on the calendar -Can Europe’s December PMI data buck the trend? The overnight changes and price moves to be aware of by Pepperstone’s Market […]
GBP/USD On Thursday, the British pound increased slightly (22 points), but even this growth on the political crisis in England looked excessive. This morning, in the Asian session, this growth is already blocked by a falling candle. The price found strong resistance on the balance line of the four-hour chart. Now we are waiting for […]
To open long positions on GBP/USD, it is required: There is no news on Brexit, which makes traders more cautious about further growth. On the other hand, the pound draws a good technical model for the continuation of the upward trend. You can count on new purchases of the pound after breaking through and consolidating […]
When the European market opens, some economic data will be released such as Core Retail Sales m/m, Flash Manufacturing PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Services PMI, French Flash Manufacturing PMI, and German WPI m/m. The US will also publish the economic data such as Business Inventories […]
In Asia, Japan will release the Revised Industrial Production m/m, Flash Manufacturing PMI, Tankan Non-Manufacturing Index, and Tankan Manufacturing Index. The US will also publish some economic data such as Business Inventories m/m, Flash Services PMI, Flash Manufacturing PMI, Industrial Production m/m, Capacity Utilization Rate, Retail Sales m/m, and Core Retail Sales m/m. So there […]
Core inflation in the US rose in November to 2.2% versus 2.1% a month earlier, and at first glance this growth strengthens confidence that the Federal Reserve will raise the rate at the meeting on December 19. At the same time, it should be noted that core inflation, which does not take into account energy […]
4-hour timeframe The amplitude of the last 5 days (high-low): 91p – 63p – 92p – 94p – 72p. Average amplitude for the last 5 days: 82p (78p). The EUR/USD currency pair continues trading near the critical Kijun-sen line on Thursday, December 13. This morning it became known that members of the Conservative party of […]
Head of Research, Chris Weston, reviews EURUSD in the wake of the ECB meeting, and looks forward at event risk in the week ahead. The core focus falls on the China economic conference, European economic data and Thursday’s FOMC meeting. Website: https://pepperstone.com/ Twitter: https://twitter.com/pepperstonefx Chris Weston: https://twitter.com/chrisweston_ps Subscribe: https://bit.ly/2NlF6rI Related Posts:EUR/USD. April 12th. ECB meeting: […]
While Bitcoin is crashing, Andy Cheung, head of operations at OKEx exchange predicts Bitcoin to hit higher than $20,000 next year. However, he is more bullish on Ethereum development which has its hard fork coming in January. Bitcoin is currently trading at about $3,400, down more than 82 percent from its all-time high (ATH) in […]
It is our great pleasure to announce the upcoming 2019 forex trading seminar series to be hosted by XM throughout Mexico, starting in January. In response to an ever-growing demand of online traders in Latin-America for the highly professional forex seminars provided by XM to help online investors enrich their trading knowledge and skills, we […]
General Electric stock price has been extremely bearish over the past two years, quickly and fully erasing its previous five year-long uptrend to trade at levels not seen in more than two decades. The market action has been stuck below all moving averages which show no sign of reversing. Yet, with the red Tenkan-sen line and the blue Kijun-sen lines pausing […]
The Italian authorities finally agreed to revise the draft federal budget for 2019 and reduce the budget deficit from the previously announced 2.4% to 2.04% of the country’s GDP. This was announced by Prime Minister Giuseppe Conte at a meeting with the head of the European Commission Jean-Claude Juncker in Brussels. The Italian government explained […]
The threat of exacerbation of trade conflicts, the volatility of oil prices and the correction of the US stock market made the question about the prospects for the yellow precious metal one of the most pressing at the end of this year. Despite the fact that some economists believe that next year gold will fall […]
Natural Gas reversed from support area Further gains are likely Natural Gas continues to rise after the earlier upward reversal from the support area lying between the round support level 4.000 (which has been reversing the price from the middle of November), 38.2% Fibonacci correction of the upward impulse from September and the lower weekly […]
GBPCHF reversed from support area Further gains are likely GBPCHF recently reversed up from the combined support area lying between the major support level 1.2500 (which stopped the previous impulse wave (1) with the daily Morning Star) and the lower weekly Bollinger Band. If the price closes today near the active levels it will form […]
The US will see the release of its latest retail sales figures on Friday, at 1330 GMT. This will be the final tier-one data set ahead of the Fed’s highly anticipated meeting next week, so it may prove especially important for the dollar. Retail sales are expected to have slowed to 0.2% m/m in November, […]
According to the calculations of the International Energy Agency (IEA), the global oil market may face a shortage of raw materials. The reason for this is that experts believe the new agreement OPEC + and the reduction in the supply of black gold from Canada. The monthly oil market report, presented by the IEA, reports […]
UK 100 stock index (FTSE 100) has rebounded somewhat after falling to two-year low of 6670 on December 6 and momentum indicators now suggest that the market sentiment might get better as the RSI is moving higher in the negative territory. The MACD also looks to be changing direction, moving higher to meet its red […]
Coca-Cola stock price hit an all-time high of 50.74 last month before stabilizing slightly lower and is set to finish higher by 7.0% in the year. Yet, with the 20-day simple moving average losing steam, the upward pattern might not extend further, while momentum indicators are also not as positive as before, pointing to weaker trading sessions […]
