The pair continues to trade in a descending medium-term impulse. Friday’s upward movement did not disrupt its structure, which indicates a high probability of a further fall. At the beginning of the current week, the pair is trading within the framework of the correctional upward movement, since the growth of the pair did not exceed […]
Here are the latest developments in global markets: FOREX: The dollar was down by 0.17% against a basket of six major currencies on Monday, extending losses from Friday. Those losses came as the currency with the biggest weight by far in this index – the euro – rebounded, amid encouraging signals that the EU and […]
Gold price continues to move sideways. Price might be forming a triangle pattern. Gold price remains above the break out area and should continue higher this week targeting $1,250-60. Any pullback towards $1,210-15 is seen as a buying opportunity. Green lines – triangle pattern Black rectangle – support area Gold price has short-term support at […]
4-hour timeframe The amplitude of the last 5 days (high-low): 98 p-95 p-93 p-116 p-93 p. The average amplitude for the last 5 days: 99 p (103 p). The British pound sterling was in a downward rally for the past trading week. In the first half of the week, traders did not expect any new […]
EUR/USD made a double bottom at 1.1430 and is now back above 1.15 exactly what bulls wanted. Price should continue higher in the short-term towards 1.1660. A rejection at that level will be decisive for the medium-term trend. As long as price is below 1.1810 we remain bearish. Green line – resistance Red line – […]
4-hour timeframe The amplitude of the last 5 days (high-low): 67 p-55 p-85 p-78 p-102 p. The average amplitude for the last 5 days: 77 p (72 p). Most of the trading week, the European currency became cheaper against the US dollar. It was caused by the fact that traders stopped expecting any progress in […]
According to the head of the Central Bank of the Russian Federation, the cryptocurrency fever begins to fade and investors’ excitement is getting smaller. As reported by the Russian news agency, speaking at the FINOPOLIS innovative financial technologies forum in Sochi, Elvira Nabiullina admitted that in her opinion cryptocurrency and blockchain technology are now treated […]
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Stay informed about headline news and trends across the world’s ever-fluctuating financial markets through Binary TV. From stocks and commodities to global currencies, indices, and more, we help you keep up-to-date with our Daily Financial Market News, all brought to you exclusively from Binary.com Binary_com – Daily financial news – 22.10.2018 Related Posts:Technical Analysis – […]
We would like to inform our clients that due to the end of Daylight Savings in Europe on Sunday, 28 October 2018, and in the United States of America on Sunday, 4 November 2018, the trading hours of various instruments will be affected between 28 October and 5 November 2018. The normal trading hours will […]
EURUSD rebounded on the 1.1430 support and on the 50.0% Fibonacci retracement level of the upleg from 1.0340 to 1.2550 near 1.1450 on Friday, creating a sharp bullish day. Currently, the price seems to be steady and the technical indicators are in confusion for the next movement in the price. However, the impressive sell-off in […]
The market is easily replaced by changes of direction, which emphasizes the low confidence of trade and how fragile are the foundations of an emerging trend. Discussions revolve around old topics – China and trade, Italy, Brexit – in the face of which doubts appear in the markets, whether we have not gone too far. […]
The global regulator responsible for counteracting money laundering has announced that it will start publishing rules on international regulation of cryptocurrencies by the next summer. According to report, the Financial Action Task Force on Money Laundering (FATF) – a French intergovernmental organization founded in 1989 to develop anti-money laundering policy – said legal systems around […]
EUR/NZD dipped to 1.7356 (just below our possible downside target at 1.7357). We will now be looking for a break above the resistance-line near 1.7495, and more importantly, a break above the resistance at 1.7557 to confirm that the red wave ii/ has completed and the red wave iii/ towards 1.8345 is developing. Support is […]
Important support at 127.86 has remained untouched and EUR/JPY is now trying to break above the resistance-line from 133.12. A clear break above this resistance-line is the first good indication that the blue wave (2) has completed and the blue wave (3) is taking over for a rally towards 138.10. A break above the resistance […]
When the European market opens, some Economic Data will be released such as German Buba Monthly Report. Today, the US will not release any Economic Data, so amid the reports, EUR/USD will move in a low to medium volatility during this day.TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1566. Strong Resistance: 1.1559. Original Resistance: 1.1548. Inner […]
In Asia, Japan will release the All Industries Activity m/m report today. The US will not release any Economic Data. So there is a probability that the USD/JPY pair will move with a low to medium volatility during this day.TODAY’S TECHNICAL LEVEL: Resistance. 3: 113.08. Resistance. 2: 112.86. Resistance. 1: 112.64. Support. 1: 112.37. Support. […]
https://pepperstone.com/en/forex-news/market-review -Majors were mostly lower vs the USD last week. -The Kiwi and the Real fought back. -All quiet on the calendar front. -Beijing offers support for Chinese stocks. -PM May thinks a deal is near. -The US and Russia to talk about nuclear missiles. -Is austerity the EU issue? The overnight changes and price […]
More on Multiple Time Frame Analysis: https://pepperstone.com/en/client-resources/avoid-trading-mistakes-with-multiple-time-frame-analysis Tune in as trading educators, FX Evolution, take you through the basics of multiple time frame analysis, showing you all the ways viewing price action in various time frames can enhance your trading strategy and uncover hidden opportunities. Related Posts:EUR/USD and GBP/USD: Technical analysis on April 8 April […]
The sell-off in global equities this month failed to change the course for currencies. At first investors looked at the meltdown in stocks as a U.S. dollar story but we felt the dollar would remain attractive because rising U.S. rates is good for the greenback. As we anticipated, the dollar resumed its rise and this […]
The sell-off in global equities this month failed to change the course for currencies. At first investors looked at the meltdown in stocks as a U.S. dollar story but we felt the dollar would remain attractive because rising U.S. rates is good for the greenback. As we anticipated, the dollar resumed its rise and this […]
The sell-off in global equities this month failed to change the course for currencies. At first investors looked at the meltdown in stocks as a U.S. dollar story but we felt the dollar would remain attractive because rising U.S. rates is good for the greenback. As we anticipated, the dollar resumed its rise and this […]
Stay informed about headline news and trends across the world’s ever-fluctuating financial markets through Binary TV. From stocks and commodities to global currencies, indices, and more, we help you keep up-to-date with our Daily Financial Market News, all brought to you exclusively from Binary.com Binary_com – Weekly financial news – 21.10.2018 Related Posts:Bitcoin slips as […]
Under pressure, the Chinese yuan will drop below the psychologically important $ 7 a bit later this year or in 2019. This will provoke a further decline in the currency, which the US will not like and will cause a new wave of criticism from their side. The US Treasury said it would continue to […]
This week, the dollar-yen pair traded in the 100-point range, but in the end, it completes the five-day trading session almost at the opening positions. Despite the growth of core inflation in Japan, the yen remained under pressure from the US currency, jumping to the middle of the 112th figure. The external fundamental background is […]
Analysts at US investment bank JPMorgan Chase once again calculated the risk of a recession in the United States. According to experts, the likelihood that in the next two to three years, the US economy could plunge into recession, exceeds 50%. “According to our estimates, the risk of a recession, or an economic downturn in […]
It cost the Federal Reserve to show that it is not going to be led by Donald Trump and is ready at any time to accelerate the process of normalizing monetary policy, as investors turned to the US dollar. According to Randal Quarles, vice-president of the Fed for Supervision, the Central Bank should not pay […]
To open long positions on EUR / USD, you need: The buyers managed to keep the support level of 1.1434, which I paid attention to in my morning review, which led to profit taking and an upward correction in euro. Return and consolidation above the resistance level of 1.1456 is a good signal to buy […]
An indicator fixing the level of economic growth in China disappointed analysts, although it remained within the official forecast. According to the report of the State Statistics Committee of the People’s Republic of China, in the second and third quarters of this year, the country’s GDP growth rate was 6.5% in annual terms. In the […]
The focus of the market is Italian problems again. The fall of the euro could be much more serious than previously expected. Brussels took the first formal step, sent a letter with warnings to Rome. Further, there will probably be a rejection of the draft budget and a fine. The loss of the euro from […]
