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 […]
On Monday, the oil quotes were falling, while the maximum for Brent was previously formed with February delivery at $ 63.69 a barrel. The positive reaction of the market to the decision of OPEC + to reduce production by 1.2 million barrels per day starting next year contributed to a jump up. Meanwhile, in December, […]
At the beginning of the week, the pound sterling was under pressure due to reports that British Prime Minister Theresa May could cancel the vote on the Brexit terms agreement to avoid defeat, which is likely to result in her government’s resignation. At 16:00 London time, the GBP / USD currency pair dropped to 1.2633, […]
UN Secretary-General Antonio Guterres said that annually the amount of bribes worldwide is $ 1 trillion, and corruption leads to a loss of almost $ 2.6 trillion. This became known from the message of the Secretary-General on the occasion of the International Day to Combat Corruption. A. Guterres urged to direct all possible forces to […]
4-hour timeframe Technical details: The senior linear regression channel: direction – up. The younger linear regression channel: direction – up. Moving average (20; smoothed) – up. CCI: 102.4024 The tool “gold” on Monday, December 10, began a downward correction, unable to overcome the Murray level of “8/8” – 1250.00. The blue bars of the Heikin […]
A new week for global markets opened lower. Simultaneously with the fall of the dollar, the stock markets rushed down. To the anxiety surrounding trade disputes between Washington and Beijing, traders’ reaction to the weak labor market report added, which heightened concerns about a slowdown in US GDP growth. As a result, Macroeconomic Advisers worsens […]
Traders and investors began to quickly get rid of the British pound, even though the data released on the UK economy did not differ much from the expectations of economists. It is all due to the fact that the British Prime Minister Theresa May convened an emergency meeting of the government. Immediately rumors spread that […]
Corn broke resistance area Further gains are likely Corn recently broke through the resistance area lying between the key resistance level 380.00 (which has been reversing the price from the middle of October) and the resistance trendline of the wide daily up channel from July. The breakout of this resistance area accelerated the active short–term […]
GBPUSD broke multi-month support level 1.2700 Further losses are likely GBPUSD today broke through the strong, multi-month support level 1.2700 (which has been steadily reversing the price from the middle of 2017 – as can be seen from the weekly GBPUSD chart below). The breakout of the support level 1.2690 continues the active medium-term impulse […]
The US 500 index is trying to recover ground as it opened with a negative gap today. The price is climbing above the rising trend line, continuing the bullish outlook. The RSI is standing below the neutral threshold of 50 and pointing higher, detecting accelerating positive momentum. However, the moving averages completed a “death cross” on […]
Crypto market has lost not just a huge amount of capitalization and trading volumes, but also the faith of investors and enthusiasts. Do, for the December, 7 we have huge “crowd of losers” among the Coins. Let’s start from those who are looking more promising against the rest: 1 – XRP This cryptocurrency provides an […]
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 […]
GBPAUD rebounded after touching 11-month lows at 1.1720, near the 50% Fibonacci retracement level of the upleg from 1.5725 to 1.8730 on December 3. A week later though, the pair is reversing lower again, back below the 38.2% Fibonacci, with the RSI suggesting further weakness to come in the short term; the indicator returned to bearish […]
To open long positions on EUR / USD pair, you need: Demand for the euro remains, however, it is necessary to get back to the resistance level of 1.1434 to continue the upward trend, which will lead to a further wave of growth with a test of highs around 1.1471 and 1.1498, where I recommend […]
To open long positions on the GBP / USD pair, you need: The pound fell and failed to get out above the resistance of 1.2751. News that British Prime Minister Theresa May may withdraw a vote on the Brexit agreement, scheduled for Tuesday, has led to a quick sale. At the moment, it is best […]
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 […]
Recently, the GBP/USD pair failed to establish a successful bullish breakout above the price level of 1.2880 (the upper limit of the current consolidation range). Last week, two unsuccessful bearish breakout attempts were demonstrated below 1.2720. Bullish persistence above 1.2780 (78.6% Fibo level) was needed to enhance the bullish side of the market. The current […]
Find out how successful traders have been on the FX markets so far this Monday by watching the Dukascopy Midday Snapshot. Euro/Dollar rose early in the session by 44 pips, but a following decline has wiped out most of the gains. Traded volume is average and neutral sentiment is leaning towards the short side by […]
Trading recommendations: According to the H1 time – frame, I found a potential bullish flag in creation, which is a sign that selling looks risky. I also found that price failed to test lower Keltner band, which is another sign of potential strength. My advice is to watch for buying opportunities. The upward targets are […]
Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.2690. According to the M15 time – frame, I found that there is trading below the daily pivot (1.2743) and below the Ichimoku cloud, which is a sign that sellers are in control. I also found that there is a double […]
