The market is waiting for the ECB – and the trend. THe big picture: Focus on the ECB. On Wednesday late at night, the Federal Reserve released a report on the state of the US economy “Beige book”. The economy continues to grow in all regions of the United States, from weak to moderate. The […]
4-hour timeframe The amplitude of the last 5 days (high-low): 78 p – 102 p – 94 p – 55 p – 98 p. The average amplitude for the last 5 days: 85 p (83 p). The fourth trading day of the week for the EUR/USD pair was completely calm. On the eve of the […]
EUR/USD At the end of Wednesday, the euro lost 79 points. During the day, the single currency came under the pressure due to weak PMI, in the evening the collapse of the US stock market increased the flight of investors from risk. The S&P 500 broad market index lost -3.09%, the yield on 5-year US […]
GBP/USD Yesterday, the British pound fell by 102 points, but not on good data on the US economy, as we expected in yesterday’s review, but on the contrary, due to the collapse of the stock market; S&P 500 lost -3,09%, Nasdaq -4,43%. Sales of new homes in the US in September fell from 585,000 to […]
USD/JPY Yesterday, the yen once again tried to overcome the resistance of the price channel, or rather, the embedded line in the price channel and also the indicator trend line of the Krusenstern, which unfolds down near this graphical trend line. The collapse of the US stock market by more than 3% did not leave […]
In this video Chris takes a look at some of the key themes, event risks and chart set-ups for the week ahead. Related Posts:USD/JPY: Simple trading tips for novice traders on April… April 16, 2024 Trade Analysis and Advice on Trading the Japanese YenThe price…GBP/USD: Simple trading tips for novice traders on April… April 16, […]
The upcoming elections in the United States cannot only spoil the health of the dollar, but also throw it off the pedestal. On Wednesday, the US currency peaked from the beginning of the year, while the dollar index tested resistance at 96.5. The main pair EUR / USD reached 1.1380, quite a bit left to […]
Leading analysts are eager to predict how the oil market will behave in the near future. Recall the cost of Brent crude oil fell below $ 77 per barrel. However, experts believe that this is not the limit. Significant impact on oil prices had large-scale sales in the stock market, as a result of which […]
Bitcoin could end 2018 at $22,000, Fundstrat Global Investors analyst Tom Lee repeated in new predictions about the end of the cryptocurrency bear market October 19. Speaking during an interview with social media blog Crypto Tips, Lee, who is known for his bullish stance on Bitcoin in particular, highlighted the 200-day moving average price trend […]
The European Central Bank seems to keep its policy unchanged on Thursday, but most likely admits that growth prospects are worsening. The ECB will confirm that its asset purchase program will end this year, but will also note that the uncertainty in the eurozone is intensifying against the background of political problems. Such a message […]
In the past two days, gold has been trading near maximums for the first time since mid-July. Currently, the precious metal rate is growing largely due to the correction in stock markets. Today, many experts are interested in the question of how the situation will develop further. “Gold usually rises in price during a correction […]
At the end of the next meeting of the European Central Bank (ECB), the regulator kept the base rate for loans unchanged at a record low of 0.0%. The rate on deposits was left at minus 0.4% per annum, the rate on margin loans – 0.25%. The actions of the regulator fully coincided with the […]
To open long positions on GBP / USD, you need: The situation did not change by the afternoon. It is best to return to long positions in the pound by updating the next monthly lows. Formation of a false breakdown in the support area of 1.2872 with confirmation of divergence on the MACD indicator will […]
To open long positions on EUR / USD, you need: The ECB left rates unchanged, which did not lead to significant changes in the market compared with the morning forecast, which is relevant for the second half of the day. It is best to return to purchases when a false breakdown is formed in the […]
The Japanese yen and the Swiss franc showed a slight increase, as the majority of currency traders responded to the wave of sales in the stock markets. The offshore yuan dropped to a 22-month low, amid fears of a slowdown in economic growth. The euro recovered from 2-month lows ahead of the meeting of the […]
According to experts, the collapse in the Canadian oil market, which began in late September 2018, continued this month. At the moment, Canadian oil producers sell black gold at $ 40-50 per barrel less than their counterparts from the United States. Experts remind that, although Canadian oil is usually traded at a discount to the […]
On Thursday, October 25, the Japanese currency rises in price against the US in connection with sales in global stock markets. According to experts, this situation contributes to the growth in demand for more reliable assets, to which market participants refer to the yen. The rate of the American currency in relation to the Japanese […]
On the eve of the US stock market, the second collapse occurred last week. Stock indices have gone negative since the beginning of the year, having an updated local minimum. All this is observed against the background of strengthening the position of the American currency. The dollar index to the basket of six major currencies […]
Wave counting analysis: During the October 24 trading session, the GBP / USD currency pair lost about 100 basis points and struck a minimum of October 4. Thus, the entire wave counting has undergone certain changes and has become more complex. If the new wave marking is correct, then the wave c can continue its […]
The US will issue preliminary GDP growth figures for the third quarter on Friday at 1230 GMT and markets will take a very close look at the data which will be the latest evidence on how well the world’s biggest economy performed before midterm congressional elections take place on November 6. While the consensus is for a slower pace […]
Wave counting analysis: During the trading on Wednesday, the EUR / USD currency pair lost about 80 basis points and thus continued the construction of the estimated wave 3, c, of the downward trend. If this is true, then the decrease in quotations will continue with targets located near the level of 1.1327, which corresponds […]
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: -117.1490 The GBP / USD currency pair continues its steady downward movement. The pair completed the Murray level of “3/8” – 1.2878 and could not overcome it the […]
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: -126.7267 The EUR / USD instrument on Thursday, October 25th, continues its downward movement. Today in the European Union, the results of the ECB meeting will be announced. […]
GBPAUD broke support area Further losses are likely GBPAUD today broke sharply though the support area lying at the intersection of the key support level 1.8400 (former resistance from September), support trendline of the daily up channel from August and the 50% Fibonacci correction of the previous upward impulse from last month. The breakout of […]
Palladium reversed from long-term resistance level 1130.00 Further losses are likely Palladium continues to fall after the recent downward reversal from the major resistance area lying at the intersection of the long-term resistance level 1130.00 (which stopped the sharp uptrend in January) and the upper weekly Bollinger Band. The downward reversal from this resistance area […]
Wednesday turned out to be a busy trading day and decisive in many aspects. In particular, the political fate of British Prime Minister Theresa May was decided yesterday, as well as the prospect of the monetary policy of the Bank of Canada. In both cases, the intrigue remained, and hardly any of the experts could […]
The dollar continues to grow actively, and many factors contributed to this yesterday. Both macroeconomic statistics and political events clearly favored the dollar. Let’s start with European statistics which encouraged the market participants at first as preliminary data on business activity indexes in France showed a decline in the production index from 52.5 to 51.2, […]
It’s been 10 years since bitcoin creator Satoshi Nakamoto published his white paper on bitcoin, and the global economy hasn’t been the same since. The original cryptocurrency now boasts a market cap of more than $112 billion, while bitcoin’s dominance hovers at more than 53%. But if you ask Nigel Green, founder and CEO of […]
The sale on the U.S. stock markets was gaining momentum yesterday. DJI fell by 2.4%, S&P500 lost more than 3%, and Nasdaq plunged by 4.4% in just one trading session. Increased volatility has returned to the markets following the disappointment reports from chipmakers STMicroelectronics (-6.6%) and Texas Instruments (-8.2%). Moreover, the housing market attracts more […]
USD/CAD has been quite volatile with the recent price action due to the recent rate hike in Canada. Higher volatility failed to create definite momentum for the pair. Despite an increase in the interest rates last week, CAD failed to assert its strength over USD. As a result, the pair is expected to trade with […]
