Morning Report: 07.00 London Markets have a bullish bias this morning as traders shun the dollar in favour of ‘riskier’ assets and the yen. The biggest moves can be seen on the USD/JPY which is down 0.5%, as the weak dollar meets the resurgent yen. Other yen pairs are following suit, with the GBP/JPY off […]
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Hong Kong is one of the most advanced cities in Asia. The city operates through what is known as ‘one country, two systems.’ This is a unique system which gives the city the ability to choose its leaders without the interference of China. As a result, the city has its own currency, and its residents […]
GBPUSD has been under pressure since early November, with bears pushing hard to reach strong support around 1.2693. In the short term, the bias remains negative as the RSI hovers below its neutral threshold of 50 and the MACD continues to move beneath its red signal line. Should the price break floor around 1.2693, and […]
Jerome Powell did not comment on monetary policy, but he mentioned a strong economy. He assured us that the Federal Reserve mission is to support economics and strengthen the financial system. According to him, the Fed managed to achieve this goal. The unemployment rate is the lowest in almost half a century. Apart from the […]
EUR/USD remains inside the triangle pattern formation and below critical trend line resistance. So far any pullback towards 1.13 has been met with buyers and price remains supported. Buyers are still too weak to break the major resistance area of 1.14-1.1420 but if this happens, we will then expect price to move towards 1.15-1.16. Red […]
Overnight, the Reserve Bank of Australia announced its decision regarding the monetary policy of the country. The interest rate remained at 1.5%, as expected. The published statement shows that low rates support the economy. Progress is visible in the falling number of unemployed. The increase in inflation should be gradual. Over the next two years, […]
Gold price has broken through short-term resistance and is now looking for a move higher towards $1,250-60 if the major resistance and October highs are broken. So far price action has respected support levels and bulls remain in control. Blue rectangle -major resistance Green line -trend line support Gold price has held above the critical […]
According to the published documents, the Belarusian High-Technologies Park (HTP), a national special economic zone contributing to the development of the IT industry, developed national rules for the functioning of the cryptocurrency market. Regulatory documents set requirements for different types of enterprises related to cryptocurrencies and preliminary monetary offers (ICO), because the general rules on […]
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GBP / USD pair The British pound put a lot of effort on the attack of technical resistance. The nested line of the price channel is found on the daily scale and the MACD line on the four-hour. A good British business activity in the manufacturing sector helped the pound as the index was 53.1 […]
EUR/USD The first day of the week, the euro closed at the opening level, puzzled by the balance of indicators of the European and American PMI. Business activity in the manufacturing sector of the eurozone in November was in the final assessment of 51.8 p. (Forecast 51.5), ISM Manufacturing PMI in the US showed a […]
AUD/USD The Australian dollar, like some other currencies (Canadian and New Zealand dollars), still remains with the window open on Monday. The price has once again violated the resistance of the upper limit of the price channel, the updated channel has become even wider. We would like to expect a downward reversal of the price, […]
https://pepperstone.com/en/forex-news/market-review -EUR, AUD and NZD are all gainers -The Yuan moves to two-month highs vs the USD -Global markets rally on trade war truce relief -The RBA sits tight for now -Central banker speeches are the calendar highlights -What are investors concerns for 2019? The overnight changes and price moves to be aware of by […]
Financial analysts at Goldman Sachs believe that the price of Brent crude oil may exceed $ 65 per barrel if the OPEC member countries agree to reduce production this week. Experts agree that the wording of the new OPEC agreement will be restrained, for example, the goal could be to stabilize the volume of commercial […]
In this video, Chris gives an overview on how markets are tracking, with a focus on what interest rates and bond markets are telling us. He also looks takes a look at today’s RBA meeting and a preview of this weeks OPEC meeting Website: https://pepperstone.com/ Twitter: https://twitter.com/pepperstonefx Chris Weston: https://twitter.com/chrisweston_ps Subscribe: https://bit.ly/2NlF6rI Related Posts:GBP/USD. April […]
Burning forecast 03.12.2018 EURUSD: We are waiting for a breakout range. At the weekend, the Big 20 Summit was held. It was successful for the markets: the US and China agreed to postpone trade disputes for 90 days and hold new negotiations during this period. The euro rose slightly in the morning. There is a […]
The crypto market’s prolonged decline has finally begun to manifest in the bitcoin mining industry, which had at times seemed impervious to falling prices but is now experiencing a moderate exodus. At a basic level, miners produce Bitcoin blocks by competing to solve complex mathematical problems. When the hash rate increases, blocks are found more […]
In all likelihood, the Reserve Bank of Australia will keep interest rates at record lows once again on Tuesday at 0330 GMT as the Bank is still monitoring slow progress in household income. A day later, GDP growth figures for the third quarter will come into light (0030 GMT) but analysts do not see expansion picking up speed, […]
Cotton broke round resistance level 80.00 Further gains are likely Cotton recently broke through the round resistance level 80.00 (top of waves (a) and 4; which has been steadily reversing the price from the end of September). The breakout of the support level 80.00 coincided with the breakout of the 100-day moving average and the […]
EURNZD broke key support level 1.6400 Further losses are likely EURNZD continues to fall inside the sharp short-term impulse wave 3 –which today broke through the key support level 1.6400 (which also reversed the price in October in 2017, as can be seen below). The breakup of the support level 1.6400 should accelerate the active […]
Minuette (h1) Euro vs US Dollar Previous overview from 11/27/2018 21:32 UTC + 3. ____________________ The development trend of the single European currency pair movement between December 3 to 10will be determined by the direction of the breakdown of the 1/2 Median Line channel borders ( 1.1305 <-> 1.1323 <-> 1.1340 ) of the Micro […]
Today, oil quotes have sharply rushed upward and played back, including the positive results of the G20 summit. Black gold rises in price primarily due to the return of risk appetite considering the fact that last Saturday. The United States and China agreed to suspend the mutual increase in trade duties until at least the […]
The US 500 index opened higher today as it posted a positive gap, surpassing the 50- and 200-simple moving averages in the daily chart. The index is set to complete the sixth green day in a row after the rebound on the long-term ascending trend line. Short-term oscillators support the bullish move. The RSI is standing […]
Markets hate uncertainty, and Brexit has it in abundance. That is why, despite the improvement of the political landscape, the British pound closes in the red zone for the third week in a row and lost about 3% against the US dollar. This is in terms of the pigeon rhetoric of Jerome Powell and the […]
To open long positions on EUR / USD pair, you need: Over the weekend, the United States and China made progress in trade negotiations, which led to the strengthening of the euro today in the Asian session. While trading is above support at 1.1346, the demand for EUR/USD pair will continue. Formation of a false […]
Let’s take a look at the potential FX market movers scheduled for publication on Tuesday, the 4th of December. Swiss Consumer Price Index for November opens this agenda at a quarter past 8 AM. Prices were up by point 2% in October after gaining one tenth of a percent in September. Sterling traders will be […]
We’re halfway through the first trading day of the week, so let’s take a look of the performance of the traders with the Midday Snapshot. Euro/Dollar was moving up for hours, but a following decline has wiped out all of the gains. Traded volume is average and neutral sentiment of the trades is leaning towards […]
The big picture: The market is preparing a move. The Big 20 Summit was held and the United States and China agreed to stop the trade war for 60 days to hold talks,which is positive for the markets. A new week with headlines from the US, highlighting the most Important of ADP Employment Report and […]
Trading recommendations: According to the H1 time – frame, I found the upward breakout of the 6-hour balance, which is sign that buyers are in control today. I also found the rejection from the demand zone (blue shape), which is another sign that selling looks risky. My advice is to watch for buying opportunities. The […]
