Gold broke resistance area Further gains are likely Gold continues to rise after the earlier breakout of the resistance area lying at the intersection of the strong resistance level 1230.00 (which reversed the price twice in July) and the 50% Fibonacci correction of the previous sharp downward impulse from June. The breakout of this resistance […]
AUDJPY reversed from key support area Further gains are likely AUDJPY today reversed up from the key support area lying at the intersection of the strong support level 78.730 (which stopped the extended downtrend in September) and the lower daily Bollinger Band. The upward reversal from this support area stopped the earlier short-term impulse wave […]
Trading Plan 10/26/2018 The ECB did not provide any support for the euro. On Thursday, the most important event of the week took place, the ECB’s decision on interest rates. As expected, the ECB did not make any changes to the current policy, pumping the market with liquidity in the reduced to 17 billion euros […]
4-hour timeframe Technical details: The senior linear regression channel: direction – up. The younger linear regression channel: direction – down. Moving average (20; smoothed) – down. CCI: -129.4734 The currency pair GBP / USD yesterday during the day collapsed with a new force. The ECB meeting and the comments of Mario Draghi to the UK […]
4-hour timeframe Technical details: The senior linear regression channel: direction – sideways. The younger linear regression channel: direction – down. Moving average (20; smoothed) – down. CCI: -117.8720 The EUR / USD instrument on Friday, October 26th, continues its downward movement after the minimal upward correction. As we expected, no important decisions and statements were […]
To open long positions on EUR / USD, you need: The euro has come a long way down this week, and today, it’s best to look for long positions in the hope of a correction after the major support of 1.1337 has been updated, where profit taking on short positions may occur. The main task […]
Monday quietly kicks off an extremely busy week on the macroeconomic front with Japanese Retail Trade data due out in the very early hours. Only other notable data being released is coming in the form of US Personal Consumption Expenditure – Price Index which is an average amount of money that consumers spend in a […]
Intosol, the German-based high-end travel company, has listed on London’s main market despite global uncertainties including the UK’s relationship with its closest trading bloc, the European Union. With a view to raise money to expand its South African boutique hotel business, the company not only succeeded in a successful flotation, but its shares rose 2.5p […]
The Bureau of Economic Analysis will update its core Personal Consumption Expenditure (PCE) price index, which the Fed consults to set monetary policy, on Monday at 1230 GMT. The data are expected to show that inflation dropped a shy below the central bank’s price target. However, upside inflationary risks stemming from the US labor market and the restrictive trade […]
4h On the 4-hour chart, the GBP / USD currency pair quotes were first consolidated below the correction level of 61.8% – 1.2905, and then rebound from it. As a result, the pair completed a fall to the Fibo level of 76.4% – 1.2813. On October 26, a bullish divergence emerged near the CCI indicator, […]
At the end of Thursday, the US dollar received significant support against major currencies. Moreover, even the safe haven currency decreased in relation to the “American”. Strengthening the dollar continues to be systematic. We have repeatedly pointed out earlier that there are too many objective reasons that support investor interest in the US currency. First […]
GBP / USD The British pound on Thursday fell by 63 points, entrenched under the nested trend line of the downward price channel, and now, its goal is 1.2622, supported by the subsequent line of the price channel. To push the pound to a further decline today, data on US GDP for the 3rd quarter […]
AUD / USD On Thursday, the Australian dollar against the common market ended the day with an increase, and even closed on the daily chart above the trend line of the price channel. Growth was halted by a four-hour balance line. This morning, the price could not stand this far from the right moment of […]
Dear colleagues. For the Euro / Dollar currency pair, we expect the continuation of the downward movement after the breakdown of 1.1344 and we consider the movement upwards as a correction. For the currency pair Pound / Dollar, we still expect a turn into a correction from the level of 1.2802. For the currency pair […]
This week, the market saw major moves. The following were the key market movers during the week. Crude Oil Crude oil fell sharply during the week. This was mostly because of the increase in inventories. On Tuesday, American Petroleum Institute (API) released data that showed a sharp increase in inventories. In the week, inventories rose […]
Dukascopy TV Team is back with the overview of the potential FX market movers for Monday. A couple of UK reports open this agenda, including September Lending to Individuals stats. Net lending to individuals rose in August, but at a slower pace than estimated by markets. CBI Realized Sales Survey for October will then follow […]
The US 30 index recorded considerable losses in recent weeks, touching a 3½-month low on October 24, and falling below both its 50- and 200-day simple moving averages (SMA). Hence, the short-term bias has turned negative, though the fact that the market is still trading above an uptrend support line drawn from the lows of […]
After a turbulent week for global stocks, attention should shift back to currency markets over the next seven days as a barrage of important economic data are on the schedule, along with more central bank meetings. The latest nonfarm payrolls report from the US and the first print of third quarter GDP growth for the […]
BTCUSD is moving sideways with weak momentum in a descending triangle pattern over the last eight months with a strong support obstacle being the 5780 barrier. The price found significant resistances on the 20- and 40-simple moving averages (SMAs) in the daily timeframe, over the last couple of weeks and has failed to create a rally above them. In the short-term, […]
Data released on the US economy in the second half of the day led to an increase in the US dollar against risky assets, including against the pound and the European currency. Considering that the European Central Bank expressed concern yesterday about the future rates of economic growth but did not reconsider its attitude toward […]
Eurozone The meeting of the ECB ended predictably, as they kept its forecasts almost unchanged, despite a decline in business activity, and as expected, the asset repurchase program will be curtailed by the end of the year. The ECB believes that some cooling in the economy is a temporary phenomenon, and the main concern is […]
It’s midpoint of this week’s last trading, so let’s look back at the performance of the market players. Euro/Dolled shifted lower after 7 AM and a loss of point 33% has been posted. Traded volume is average and sentiment of the market players is neutral, long positions are up by 6%. Late decline makes a […]
The cryptocurrency market and Bitcoin in particular did not respond to the stocks indexes negative dynamics. At the moment it turns out that cryptocurrencies demonstrate greater stability than some of the world’s largest companies, that’s why BTC could attract some of the safe-haven demand. About a year ago stock markets correction spurred cryptocurrency rates growth. […]
As 2018 rolls on, investors are eyeing multiple possible catalysts that could send prices soaring across cryptocurrency markets. The desire is real; since mid-September, Bitcoin $6484.00 -0.15% managed to beat Nasdaq’s volatility record to form an unusually safe haven. WALL STREET DIPS TOES INTO BITCOIN It’s not secret that the long-awaited opening up of crypto […]
Ripple Labs has unveiled their quarterly market report, and things appear positive overall. Between its two major operations, Ripple Labs and Ripple II, which caters to institutional investors and is fully licensed, the firm moved more than $160 million in ripple (XRP). Interestingly, these sales accounted for less than half a percent of the total […]
Premier gold industry conference badly wrong a year ago… WILL the gold industry never learn? asks Adrian Ash at BullionVault. This weekend kicks off the London Bullion Market Association’s 2018 conference, held this year in Boston, Massachusetts. LBMA Boston will be the 6th such event in a row to find gold trading below a $1300 […]
Here are the latest developments in global markets: FOREX: The Japanese yen is by far the best performer among the major currencies on Friday, with the session being characterized by broad-based risk aversion thus far. Dollar/yen (-0.40%) is trading just a few pips below the 112.00 handle, while euro/yen (-0.61%) touched a fresh two-month low, […]
USDCHF started a strong recovery after the bounce off the September 21 low of 0.9540, driving the pair towards a new three-month high of 1.0017 on Thursday. The pair has eased a bit from that peak but remains in a positive mode above the 0.9985 hurdle. Momentum indicators are pointing to a bullish bias in […]
Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1349. Anyway, according to the M15 time – frame, I have found the fake breakout of yesterday’s low at the price of 1.1355, which is a sign that selling looks risky. I also found trading range between the price of 1.1355 […]
Bitcoin recently pushed higher quite impulsively towards $6,500 area but could not sustain the momentum resulting to rejection off the area with certain bearish pressure. The price having certain correction along the way formed Bullish Divergence which led the price to break above the dynamic levels like 20 EMA, Tenkan, Kijun, and Kumo Cloud as […]
