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http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 The Oct. 15 U.S. Short Term Update said: “The financial press and most talking heads need to find some outside causality to ‘explain’ why a particular market move occurs.” Learn why acting on analysis from “talking heads” can lead you astray. http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www2.elliottwave.com/club/signuplt/newsletters.aspx Learn How the Wave Principle Can Improve Your Trading Related Posts:Market Comment […]

China is due to report GDP growth for the third quarter on Friday at 0200 GMT alongside figures on industrial production, retail sales and fixed asset investment. While it is relatively early to identify tariff consequences from the ongoing US-Sino trade war, analysts believe that the world’s second biggest economy has already started to show signs of slowing down in the face of trade uncertainties. […]

After several months during which gold moved almost entirely in reverse fashion to the dollar, ignoring other developments and barely acting as the haven asset it’s considered to be, this dynamic may be changing. Demand for the yellow metal seems to be picking up amid broader uncertainty in markets, evident by bullion prices remaining resilient […]

Yesterday, traders closely followed the minutes of the last meeting of the Federal Reserve System, the publication of which led to the strengthening of the US dollar against a number of currencies, since the main emphasis was placed on the need for further increases in interest rates. The minutes of the meeting indicated that the […]

Wave counting analysis: During the October 17 trading session, the GBP / USD currency pair fell by 75 basis points, so the expected wave 2 takes the 3-wave form and continues its construction. If this is true, then the decline will continue with targets located near the calculated levels of 61.8% and 76.4% Fibonacci. An […]

Wave counting analysis: During the trading on Wednesday, the EUR / USD currency pair lost about 75 basis points. Thus, taking into account these losses, the conclusion suggests itself that the construction of the proposed wave b is completed. If this is indeed the case, the decline in quotations will continue with targets located under […]

To open long positions on GBP / USD, you need: Buyers will try to form a false breakdown at the support level of 1.3083, which will lead to an upward correction in the pound with an update of the resistance level of 1.3119. However, the main goal will be the breakdown and consolidation above the […]

4 -hour timeframe Technical details: The senior linear regression channel: direction – up. The younger linear regression channel: direction – up. Moving average (20; smoothed) – down. CCI: -138.9756 The GBP / USD currency pair continues its downward movement in anticipation of the announcement of the EU summit results. Meanwhile, European Parliament President Antonio Tajani […]

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: -210.2490 The EUR / USD instrument on Thursday, October 18th, continues its downward movement, as indicated by the blue bars of the Heikin Ashi indicator. The pair did […]

As expected, the dollar strengthened yesterday. True, somewhat stronger than expected, but this was facilitated by extremely weak data on inflation in the UK, as price growth slowed from 2.7% to 2.4%, while it expected growth to 2.8%. Such pitiable results perfectly complement the content of the minutes of the Bank of England meeting, which […]

To open long positions on EUR / USD, you need: The euro continued to decline after the publication of the Fed’s protocols, which explicitly stated the need for further rate increases. In the first half of the day, it is best to return to the false breakdown from the support level of 1.1482 or to […]

The US 100 index continues to move within the rising titled channel over the past nine months, stretching its upward pattern to a fresh record high. Looking at the very short-term, the price rebounded on the 6885 support in the previous week, climbing above the 200-day simple moving average (SMA). According to the MACD, the positive momentum […]

4h The bearish divergence of the MACD indicator allowed the pair to eventually fall to the correction level of 61.8% – 1.1497. Reversing the quotations from the Fibo level of 61.8% will allow traders to count on a reversal in favor of the European currency and some growth in the direction of the correction level […]

4h After the formation of a bearish divergence at the CCI indicator, the GBP / USD quotes continue to fall in the direction of the correctional level of 23.6% – 1.3067. Rebounding the pair from the Fibo level of 23.6% will make it possible to expect a turn in favor of the British currency and […]

Following on Wednesday, the US dollar, as we expected, received support against major currencies. The main reason for this is the published minutes of the September Fed meeting. The US currency appreciably added, primarily against the euro and the British pound. On the one hand, supported by the content of the minutes of the Fed’s […]

EUR / USD Political instability in Europe and the Middle East continues to expand, which favorably affects the dollar. The European Commission rejected the draft budget of Italy for 2019, Angela Merkel said that Germany is preparing for a tough Brexit, the US is considering imposing sanctions against Saudi Arabia over the murder of a […]

A couple of Loonie Dollar movers are on the agenda for this week’s final trading day, so let’s take a closer look. UK Public Sector Finances for September are out first at 8:30 in the morning. Borrowing excluding public sector banks was 6.8 billion pounds in August, which is the highest level for this month […]

Federal Reserve is the most important central bank in the world. This is mostly because of the central role the USD plays in the global economy because it acts as the reserve currency. Therefore, any decision the Fed makes usually leads to major impacts around the world. When the Fed tightens, the supply of the […]

https://pepperstone.com/en/forex-news/market-review -AUD, NZD gain versus the USD. -MXN and CAD are losers. -UK PM May suggests a transition extension. -Donald Trump says he may close the Mexican border. -Aussie unemployment falls to 5%. -Will the RBA move more quickly on rates? The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, […]

Analytical review of 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 currency pair Euro / Dollar, the price is close to the abolition of the rising structure of October 9, for which a breakdown of 1.1478 is necessary. For the currency pair Pound / Dollar, the price has issued the expressed initial conditions for the downward movement of October 12 in a […]

It’s 12 PM GMT on this Thursday, and it’s time for the Dukascopy Midday Snapshot. Euro/Dollar jumped by 46 pips hours into the trading day and a slight gain was posted at noon. Traded volume is low and neutral sentiment is leaning towards the short side by 14%. Sharp rise has provided profit opportunities for […]

GOLD MARKET prices in the wholesale hub of London briefly slipped below $1220 Thursday morning after the US Federal Reserve signalled its commitment to continue raising Dollar interest rates in 2019.   Prices in the professional bullion market then rallied $5 per ounce as China’s stock market closed the day at a new 4-year low […]

PayPal stock has reversed back down after it failed to hit the 81.20 resistance level, achieved on July 31. The price rebounded on the five-month low of 74.40 but the technical indicators are signaling weak upside movement. The RSI indicator was moving upwards but it now appears to be turning slightly to the downside, while the MACD […]

Here are the latest developments in global markets: FOREX: The US dollar ran to a new 1-week high against the Japanese yen earlier on Thursday after FOMC minutes from the September 24-25 policy meeting affirmed the prospect of additional rate hikes until the end of 2019. However, the pair eased by 0.18% soon after to trade at 112.47. The US […]

EUR/AUD has been quite impulsive, making bearish price swings. This dynamic is currently leading the price towards support area between 1.5900 and 1.6050. The eurozone has already provided a lot of downbeat economic reports recently that allowed AUD to gain momentum over EUR. As a result, this might continue to push the price much lower […]

USDCHF’s remarkable recovery after touching its lowest since April of 0.9541 on September 21 has brought the pair to a two-month high of 0.9958 earlier on Thursday. The pair has eased a bit from that peak, though it remains roughly 400 pips above late September’s low. The Tenkan and Kijun-sen lines are positively aligned in […]

Trading recommendations: According to the H4 time – frame, I found that Bitcoin is balancing at the price of $6.405. Anyway, I found that a potential ascending triangle (bullish pattern) is being in progress, which is a sign that buying is a preferable strategy. My advice is to watch for a potential breakout of resistance […]

Recently, Gold has been trading sideways at the price of $1,222.90. According to the H1 time – frame, I have found that Gold is in consolidation phase and that consolidation phase may end near the level of $1,218.00. I found potential end of the running flat downward correction, which is a sign that selling looks […]

This is the Dukascopy Spike Controller report for Thursday, the 18th of October. Euro/Dollar’s long term average and maximum spreads are point 31 and 1.9 pips respectively. The pair took a slide, dropping by a total of point 8% or 93 pips to move South of the 1 15 level. Spreads were volatile yesterday during […]