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 […]
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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 […]
It’s noon GMT on this Wednesday, so let’s see how traders have performed during the morning session. Euro/Dollar was back near the opening level at noon after trading in a total range of just 42 pips. Traded volume is low and neutral sentiment of the traders is almost at an even balance. Both sides had […]
The dollar index has been moving sideways after unlocking 1 ½-year highs at 97.50 within the ascending channel. In the short term, consolidation will likely continue as the red Tenka-sen line looks to be steadying again above the blue Kijun-sen line which is also flat, while the MACD has slipped below its red signal line, though […]
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 […]
Overview: In the long term, the NZD/USD pair broke resistance which turned to strong support at the level of 0.6705 this week. The level of 0.6705 coincides with a golden ratio (61.8% of Fibonacci), which is expected to act as major support today. The Relative Strength Index (RSI) is considered overbought because it is above […]
Overview: The AUD/USD pair continue to trade upwards from the level of 0.7249. The pair rose from the level of 0.7249 to a top around 0.7299 but it rebounded to set around the spot of 0.7249. Today, the first resistance level is seen at 0.7299 followed by 0.7352, while daily support 1 is seen at […]
U.S. markets on Tuesday were heavily sold, losing more than 3% on key indices. The main trigger of the decline was the dynamics of debt markets in the USA. The yield of government bonds with longer periods of circulation was lower than the yield of some more shorter-term securities. This often happens during economic downturns, […]
The Organization of Petroleum Exporting Countries (OPEC) and its allies will meet in Vienna on Thursday, and expectations for a production cut to stabilize oil prices are riding high. With investors appearing confident such a reduction will indeed take place, the impact on oil prices may depend mainly on the size of any cut. If […]
BTCUSD is extending its losses and is currently trading not far above the 14-month low of 3490 hit on November 26. The price fell below the bearish cross between the 20- and 40-simple moving averages in the 4-hour chart. The stochastic oscillator is heading lower towards the oversold territory; however, the RSI indicator is turning slightly higher […]
Trading recommendations: According to the H1 time – frame, BTC has been trading downwards. As I expected, the price tested the level of $3.738. Most recently, I have found the rejection from the Ichimoku cloud (resistance), which is a sign that sellers are in control. I also found that BTC is trading below the resistance […]
Recently, the GBP/USD pair has been trading sideways at the price of 1.2736. According to the M15 time – frame, I found out that price is trading above the Ichimoku cloud and above Kijun- sen and Tenkan-sen, which is a sign that buyers are in control. I also found on the point and figure chart […]
Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1318. Anyway, according to the H1 time – frame, I found rejection of the yesterday’s low at the price of 1.1318, which is a sign that sellers don’t have power for further downward continuation. I also found a hidden bullish divergence […]
The Chinese oil giant Unipec plans to resume deliveries of American oil to China by March, after the leaders of the two powers, the United States and China, were able to reach preliminary agreements at the G20 summit, according to three sources. Sources said that Unipec – a commercial unit of the state-owned refinery Sinopec […]
Let’s find out if spreads have been shaken up during the past 24 hours. All three averages are slightly above the point 3 pip mark for the Euro/Dollar. Peak separation has been 1.1 pips. The pair has been on a slide from the high of 1 1417, dropping by point 88% or 100 pips. Spreads […]
Bitcoin price will likely reclaim or surpass its all-time high by the end of 2019, guesstimated Mike Kayamori. The Quoine chief told Bloomberg in an interview that while it is difficult to predict how much time bitcoin would take to establish a new peak, he is sure it would touch it nonetheless. Adding that he […]
EURJPY has been developing within a sideways channel over the last month, with upper boundary the 129.28 resistance barrier, and lower boundary the 127.60 support level. Currently, the price bounced off the 23.6% Fibonacci retracement level of the downleg from 133.10 to 126.60, around 128.15. Technically, in the 4-hour chart, the RSI indicator is moving slightly higher below […]
Japan 225 stock index peaked at 22,778 on Monday, the highest since mid-October but on Tuesday the market faced severe pressure, dropping straight down to an almost two-week low of 21,568 and back below the 200-period simple moving average (SMA) on the four-hour chart. Today the index is in recovery as the recent sell-off appeared overstretched according […]
GBP/USD has been quite volatile and corrective while pushing lower gradually towards 1.2700 area with a daily close. GBP has been weighed down by the Brexit nerves. Despite upbeat economic reports from the UK, GBP is struggling to gain momentum over USD ahead of NFP and the highly probable rate hike in the coming days. […]
