The yield on two-year US government bonds rose to a maximum in 10 years after the publication of the hawkish protocol of the September meeting of the US Federal Reserve. The published minutes of the last meeting of officials of the US Central Bank indicated a high likelihood of further interest rate increases. Perhaps, once […]
Pessimism regarding global economic outlook has intensified among investors amid growing trade contradictions and expectations that the US Federal Reserve will continue its course aimed at tightening monetary policy, despite the turmoil in stock markets. This is evidenced by the results of a survey conducted recently by the Bank of America Merrill Lynch (BAML) among […]
The dollar continues its victorious march, and yesterday, it was not the Brexit negotiations that supported it, but macroeconomic statistics and statements about the monetary policy of the Federal Reserve System. So, the worst result for the day showed a pound, but not because of uncertainty about the trade agreement with the European Union, but […]
Wave counting analysis: During the trading on October 18, the GBP / USD currency pair lost another 90 basis points more and, thus, continues to build the expected wave 2, in the future 5. However, the news background after the completion of the Brexit negotiations is clearly not in favor of the British pound sterling, […]
Wave counting analysis: In the course of trading on Thursday, the EUR / USD currency pair lost about 50 basis points. Thus, the pair is supposedly continuing to build wave c. If this is indeed the case, the decline in quotations will continue with targets located near the calculated levels of 127.2% and 161.8% on […]
Trading Plan 10/19/2018 The overall picture: A turn towards the dollar. News in the morning: In the Chinese economy, signs of a slowdown have been noticed. While small, the growth in output has dropped from 6.6% to 6.5%. At the same time, China’s top officials in charge of regulating finance and markets made statements, promising […]
The US dollar continued to strengthen its position against a number of world currencies after the outcome of the failed EU summit on economic issues, as well as against the background of good fundamental statistics on the American economy. Yesterday afternoon, a report on the US labor market was published, as well as representatives of […]
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: -141.9747 The EUR / USD instrument on Friday, October 19, continues its downward movement. After it became known about the failure of the next negotiations between the EU […]
4h The bearish divergence of the MACD indicator allowed the pair to close below the correction level of 61.8% – 1.1497. As a result, on October 19, the process of falling quotations continues in the direction of the correctional level of 76.4% – 1.1424. Also today, bullish divergence is brewing at the CCI indicator. Its […]
4h On the 4-hour chart, the GBP / USD currency pair quotes consolidated below the correction level of 23.6% – 1.3067. Thus, the process of falling quotations can be continued on October 19 in the direction of the next Fibo level of 0.0% – 1.2662. There is a bullish divergence at the CCI indicator. The […]
To open long positions on GBP / USD, you need: The pound fell after the unsuccessful Brexit talks, as well as the cancellation of the November meeting between representatives of the UK and the EU. Long positions today can only be returned if the support level of 1.3002 is updated with the formation of a […]
The next failure of negotiations between the UK and the EU on the terms of the country’s withdrawal from the union seems to surprise no one, and the British currency and the euro indirectly remain hostages of this phenomenon. Following the summit of EU and UK leaders, J.C. Juncker stated that he “expects an agreement”, […]
EUR / USD On Thursday, the negative news on Brexit and the fall of the British pound became the main driver of the strengthening of the dollar and, in general, investors’ withdrawal from risk. The dollar index rose by 0.34%, the S & P 500 stock index lost 1.44%, the yield on 5-year US government […]
GBP / USD Another page in the sad story about Brexit was turned over yesterday by politicians in Europe and England. It was said in it that the extraordinary November EU summit on this issue was canceled due to the lack of progress in the negotiations. Prime Minister Theresa May has officially recognized the postponement […]
USD / JPY The yen got into a difficult political and technical situation. On Thursday, British Prime Minister Theresa May reported that the official date of the country’s withdrawal from the EU could be postponed a few months later due to the lack of agreement on the deal so far. The US stock index S […]
Analytical review on Gold, Silver, and oil According to Silver, we expect further development of the upward trend from October 11 after the breakdown of 14.73. At the moment, the price is in the zone of initial conditions. According to Gold, we are following the development of the ascending structure of September 28 and we […]
Dear colleagues. For the Euro / Dollar currency pair, we are following the downward structure of October 16 and we expect to continue downwards after the breakdown of 1.1425. For the currency pair Pound / Dollar, we are following the descending structure from October 12 and we expect the continuation of the downward movement after […]
To open long positions on EUR / USD pair, you need: All hopes for a deal between the EU and the UK during the EU summit did not bring results, which pulled the European currency down. At present, it is best to return to long positions after the formation of a false breakdown in the […]
Various factors put pressure on the euro including the problem of the Italian budget, the slowdown of the Chinese economy and the failure of the Brexit talks. Euro weakness allows dollar bulls to the test weekly EUR/USD lows without any extra effort. The bears of the EUR/USD pair were able to overcome the mark of […]
GOLD PRICES slipped but held on track for the highest Friday finish since July for Dollar and Euro investors today, as the United States issued what one analyst reckons is a “final warning” to China over currency manipulation and Italy’s cost of borrowing rose to new 5-year highs compared to German Bund yields. Trading […]
Economic Calendar is light on this week’s opening trading day, so let’s take a closer look. Canadian wholesale sales for August open this agenda at a half past noon GMT. Sales rose for the third time in five months in July, up by 1 and a half percent to almost 64 billion Canadian Dollars. And […]
To open long positions on GBP / USD pair, you need: The situation with Brexit puts traders in a dead end. Long positions can only return today if the support level of 1.3002 is reached with the formation of a divergence on the MACD indicator, which will lead to a sharp increase and closure of […]
With estate agents relying more and more on the internet to distribute details of houses for sale, Ian Springett and his team at OnTheMarket.com are aiming to challenge Rightmove and Zoopla. Having seen a doubling of agents listed on the site, a tripling of monthly Internet traffic around the portal and a quadrupling of email […]
Here are the latest developments in global markets: FOREX: The euro reached a new 10-day low at 1.1431 against the US dollar earlier on Friday after the European Commission sent a cautionary letter to Italy over the submitted draft of their budget plan. However, euro/dollar managed to pare its losses, rising by 0.10% to 1.1462 later in the […]
The Germany 30 index has lost considerable ground after late August’s peak of 12,460.50, eventually falling to a near two-year low of 11,395.00 on October 11. It is currently trading approximately 200 points above this nadir. The Tenkan- and Kijun-sen lines are negatively aligned, attesting to the negative short-term bias. Notice though that the former […]
Central bank meetings will take centre stage in the coming week as economic data will be in short supply. With four policy meetings lined up, comprising the European Central Bank, the Bank of Canada, the Riksbank and the Norges Bank, only the BoC is anticipated to take action next week. The preliminary reading of third […]
EURAUD has declined considerably over the last couple of weeks after it found strong resistance obstacle on the more than three-year top of 1.6350. The price dipped below the simple moving averages (20- and 40-SMAs) which are ready to post a bearish crossover soon. It is worth mentioning that the price seems to be in a […]
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Data starts to get going from Wednesday as we begin to see manufacturing readings from the eurozone’s big players. Germany will be the key release on Wednesday morning at 8:30 am BST. The last reading came in at 53.7 which was down from 55.9 on the previous month. The current forecast is pointing to further […]
The US 500 index posted considerable losses in early October, falling below its 50- and 200-day simple moving averages (MA) before finding support near a long-term uptrend line drawn from the lows of February 2016, and subsequently rebounding somewhat. The index has now crossed back above its 200-day MA, which keeps the broader outlook cautiously […]
