Canadian inflation and retail sales figures for September and August correspondingly will be hitting the markets on Friday at 1230 GMT. Barring a dramatic deviation from expectations, the data are unlikely to deter the Bank of Canada from hiking rates during its policy meeting next week. They can, however, affect the market’s perception on the […]
Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1490. Anyway, according to the H1 time – frame, I have found a potential end of the downward correction (expanded flat abc), which is a sign that selling looks risky. The price rejected from the Fibonacci expansion 161.8% at the price […]
Overview: The AUD/USD pair faced resistance at the level of 0.7146, while minor resistance is seen at 0.7107. Support is found at the levels of 0.7043 and 0.6980. Also, it should be noted that a daily pivot point has already set at the level of 0.7107. Equally important, the AUD/USD pair is still moving around […]
No matter what prospects analysts promise the US currency, no matter how much noise and negatives accumulate around the dollar, it will break through, as always. What is the secret? According to JP Morgan, behind the current strengthening of the dollar and the potential for its further growth, there is mainly a factor such as […]
Gold price as explained in yesterday’s analysis has most probable made a short-term top. Prices today are lower reaching even below $1,220. This pull back is considered to be a buying opportunity for a move towards $1,250-60. However I see this pull back bottoming in lower levels and not here. Green lines – bearish long-term […]
EUR/USD has broken through support levels and is now in danger of falling even lower towards 1.1430. If prices do not reverse above 1.15 today or latest tomorrow, EUR/USD bulls will be in danger of more losses. Blue lines – pitchfork Black lines – Fibonacci levels EUR/USD has reached the 61.8% Fibonacci retracement after breaking […]
Morning Report: 07.00 London The US dollar is holding on to yesterday’s gains as markets continued to bet on higher rate levels for the US dollar. Yesterday’s Federal reserve meeting keep up the rate hike momentum, with the FOMC apparently prepared to defy Trump. The EUR/USD reversed heavily yesterday and is slipping below 1.1500 thi […]
Find out how the interbank compares with the technicals at 8 AM GMT by watching the Dukascopy Daily Trading Signals. Euro/Dollar has 4 neutral signals in both the short and long term charts. Mid-term indicators are mostly red, which is matched by the 16% short interbank. Pound/Dollar’s technical outlook is neutral in the short and […]
Risk Warning: 69.39% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]
Here are the latest developments in global markets: FOREX: The dollar index is up by nearly 0.20% on Thursday, building on the strong gains it recorded yesterday, aided by a hawkish tone in the latest Fed minutes. Meanwhile, the worst performers on Wednesday were the euro and loonie, amid Italian budget concerns and a sharp […]
The minutes of the September FOMC meeting did not bring any major surprises, though it left a more hawkish tone in line with the last statements of the committee members. Opponents of the policy shift to a more restrictive region remain in the minority, and several members are in favor of raising interest rates above […]
The key event on Wednesday is the publication of the FOMC meeting minutes dated September 26. Stock markets rather went into a deep correction last week, and at the moment, the overall tone of the protocols may seem more optimistic and not relevant at the present time. Markets are waiting for the text of the […]
The US dollar is gradually strengthening against the background of data on inflation in the Eurozone, as well as before the publication of the minutes from the last meeting of the Federal Reserve System. What to look for in the Fed protocols Previously, the focus of the protocols will be on the dynamics of interest […]
Important data were published overnight from Australia in form of Unemployment Rate and Employment Change. The most important of the readings – change of employment in September – failed. Employment growth was expected by 15.2k people, and the final result was the only 5.6k. This result, however, does not matter when the unemployment rate decreases. […]
Risk Warning: 69.39% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]
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USDJPY posted a rebound after the bounce off the medium-term ascending trend line in the previous two days, surpassing the 23.6% Fibonacci retracement level of the upleg from 104.60 to 114.55, around 112.20. The price continues the bullish outlook in the daily timeframe as it failed to slip below the diagonal line, however the technical indicators are sending soft […]
Wave pattern of the H4 chart: The downward wave of this timeframe has completed a bearish correction of the daily scale of the chart. Wave pattern of the H1 chart: The first parts (A – B) are formed in the wave structure. Wave pattern of the M15 chart: 4th part of the final part of […]
EUR / USD pair Tuesday trading session passed in a calm external setting and the euro zone’s trade balance came for August out better than the forecast of 16.6 billion euros against 15.0 billion. However, the previous figure in July dropped from 12.8 billion euros to 12.6 billion while the ZEW index of business circles […]
Wednesday’s trading day is marked by uncertainty. The dollar is gaining momentum ahead of the publication of the latest minutes of the Federal Reserve, and the pound and defensive instruments are waiting for the outcome of the EU summit. General nervousness plays in favor of the US currency, especially after the recovery of the US […]
4-hour timeframe The amplitude of the last 5 days (high-low): 79 p-66 p-111 p-98 p-95 p. The average amplitude for the last 5 days: 90 p (94 p). The British pound on Wednesday, October 17, overcame the critical line and continues its downward movement. The consumer price index, published today in the UK, was significantly […]
4-hour timeframe The amplitude of the last 5 days (high-low): 65 p-81 p-77 p-67 p-55 p. The average amplitude for the last 5 days: 69 p (72 p). On Wednesday, October 17, the EUR/USD pair continued the downward movement that began the previous day. So far, there is no information about the negotiations between the […]
The US stock market began to recover its positions, positively affecting the dynamics of the dollar index. Yesterday, the stock market closed with growth – the Dow Jones grew by 2.1%, the S&P 500 index increased by 2.15%, and the NASDAQ Composite – by 2.89%. In general, shares rose in price in the sphere of […]
Minute (h4) Euro vs US Dollar Previous review from 03.10.2018 18: 21 UTC+3. ____________________ Further development of the movement of the single European currency EUR/USD in the period 17.09-31.10.2018 will depend on the direction of the breakdown of the 1/2 Median Line channel borders (1.1510 <-> 1.1575 <-> 1.1615) of the Minuette operational scale. The […]
If earlier the US president did not get personal, in yesterday’s interview for Fox Business, Donald Trump decided to change his principles. We are talking about the Chairman of the Federal Reserve Jerome Powell, as well as some representatives of the committee. The Fed poses a threat to the American economy Trump said that the […]
http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 “Supply-demand theorists glance at this graph and declare that the trend toward more U.S. oil production caused oil’s price to fall. But the claim does not bear scrutiny.” 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:UK house prices surge November 1, 2023 The pound sterling advanced amid positive real estate […]
Brexit was fine, said gold below £900. But then… LIKE the UK’s impending Brexit from the European Union, the word “gold” means many things to many people, writes Adrian Ash at BullionVault in what is, inevitably, a personal view. To most financial advisors and pundits, gold is an idiotic investment. But to anyone studying […]
According to Derek Halpenny, head of the European division for the study of the global markets of MUFG, the increase in the volume of purchases of the single European currency from the central banks signals an early change of trend in EUR / USD. “Aggressive purchases of the euro by central banks usually occur during […]
To open long positions on GBP / USD, you need: The buyers failed to get above the resistance level of 1.3189 in the first half of the day, and weak data on the consumer price index in the UK led to the sale of the pound. The support area of 1.3125 survived on the first […]
To open long positions on EUR / USD, you need: Weak data on inflation in the euro area, which remained unchanged last month, did not allow euro buyers to get out of the resistance level of 1.1569, which led to a decline and support test of 1.1534. If the bulls manage to form a false […]
