On September 13, the depicted daily downtrend line which came to meet the pair around 1.3025-1.3090 failed to offer enough bearish pressure on the pair. Since then, the GBP/USD pair has been demonstrating a successful bullish breakout so far. However, On H4 chart, the market failed to maintain its uptrend within the depicted bullish channel […]
On the weekly chart, the EUR/USD pair is demonstrating a high-probability Head and Shoulders reversal pattern where the right shoulder is currently in progress (recent bearish engulfing weekly candlestick). Recently, the price level of 1.1500 offered temporary bullish recovery. Another bullish movement was demonstrated towards the upper limit of the price range (1.1750). However, the […]
Overview: The GBP/USD pair fell from the level of 1.3056 towards 1.2950. Now, the price is set at 1.2959. On the H4 chart, the resistance is seen at the levels of 1.3056 and 1.3176. Volatility is very high for that the GBP/USD pair is still expected to be moving between 1.3000 and 1.2811 in coming […]
Overview: Pivot : 0.9870 The USD/CHF pair continues to move upwards from the level of 0.9809. The pair rose from the level of 0.9809 to a top around 0.9865. Today, the first resistance level is seen at 0.9865 followed by 0.9922, while daily support 1 is seen at 0.9743 (61.8% Fibonacci retracement). According to the […]
Despite the good fundamental data on the US, the greenback fell against the euro yesterday against the background of a profit taking before the release of an important report on the US labor market, which is expected today in the afternoon. The political measures of Italy can significantly damage the credit rating, which will lead […]
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 […]
EURGBP fell below an uptrend line taken from the lows of April 17 lately, and also crossed below its 200-day simple moving average (SMA), touching a fresh three-month low earlier on Friday. The pair’s medium-term outlook hence appears to be turning increasingly negative, from neutral previously. Short-term momentum oscillators support this notion. The RSI is […]
Hello, traders, it is the end of the week and time for the last spike controller brought to you by the Dukascopy TV team. we begin with the euro-dollar pair it has a daily average spread of point 3 pips and a maximum spread of 1.8 pips. the pair has fallen by almost half a […]
Bitcoin is still quite corrective and volatile while residing above $6,500 area with a daily close. The price has been consolidating at the edge of $6,500 for a few days now which is expected to lead to certain bullish pressure in the coming days. The price is currently being held as support by the dynamic […]
BTCUSD has somewhat flattened after its rebound off the one-week low of 6,363 reached on Wednesday, with the MACD and the RSI hinting that consolidation might continue in the short-term as the former holds tight around zero and its red signal line, while the latter hovers just above its 50 neutral level. If the market manages to turn […]
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 […]
After a warning from European Commission President, Jean-Claude Juncker, that if all nations were treated the same way that Italy was wanting to be treated with its budget proposals then the whole euro project would fail, IGTV’s Jeremy Naylor speaks with Charles Hecker, senior partner at Control Risks about the prospects. Subscribe: https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 Learn more […]
Here are the latest developments in global markets: FOREX: The dollar is practically flat against a basket of six major currencies on Friday. It retreated in the previous session, but still held close to its recent highs. The yen saw a round of gains, with dollar/yen falling back below 114.00 as investors turned defensive amid high […]
Gold price remains inside the trading range. Gold price made a move higher yesterday towards $1,207 but did not break above resistance of $1,211. Prices reversed strongly back below $1,200 at the upper boundary of the long-term bearish channel. Red lines – trading range Green lines – bearish long-term channel Gold price is in a […]
Eurusd is trying to break out above and out of the downward sloping wedge pattern. Price has short-term support at 1.1480 and resistance at 1.1545. Today we expect the announcement of the US Non-Farm Payrolls one hour before the US markets open, so this should increase volatility. Red lines – wedge pattern Red line – […]
Night trade was typical for a day with an NFP report, which means not much volatility. The currency market remained relatively stable, but with an indication of the appreciation of the USD, as the weaker market sentiment encourages us to escape into the dollar. AUD, NZD and CHF are doing the worst. The first two […]
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 […]
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 – 05.10.2018 Related Posts:Energy in Focus: […]
USDJPY has been trending very positively over the past three weeks and is set to close higher for another week. On Thursday the pair hit 11-month highs at 114.54, though it soon returned below the 114.00 round level, with the RSI, Stochastics and the MACD turning weaker, a sign that the spectacular rally could lose steam in the short-term. […]
We are pleased to have had yet another excellent opportunity to meet with Malaysian online investors in Kota Bharu on 29th September, where XM organised a forex trading seminar on the use of trading techniques. Our existing and new clients, who joined the event with the intention to refine their trading practices through learning, received […]
At the beginning of the week, the market consensus for employment change in the non-agricultural sector in the United States assumed an increase of 190,000, but the data this week fueled expectations for a positive surprise. The ADP report on the change of employment in the private sector indicated an impressive increase of 230,000 (versus […]
A recent report by a research company for technological research, ReportLinker, shows that Blockchain technology in the manufacturing sector in the US is expected to grow significantly in 2020-2025. During the preparation of the report, its authors share the application of Blockchain according to the application, end-use and territory. The research then divided the Blockchain […]
We have seen a nice strong rally out of the 1.7484 low as we expected. This rally does look a bit stretched and we should not be surprised to a temporary set-back 1.7722 and maybe even closer to the broken resistance-line, that’s now is acting as support. This line is currently sitting near 1.7660. Once […]
EUR/JPY dipped below support at 130.94, but did not have the power to challenge the 130.69 low, this indicate to us, that a possible low now is in place at 130.69 has we expected all along and renewed upside pressure is building. To confirm that blue wave (4) has completed and blue wave (v) is […]
Morning Report: 07.00 London The dollar remains strong this morning, with markets expecting a strong set of NFP numbers. The Australian dollar remains weak, falling further below the 0.7100 level. The EUR/USD recovered half of yesterday’s losses, but is back on the losing track this morning. The GBP/USD rallied sharply back above the 1.3000 level […]
https://pepperstone.com/en/forex-news/market-review -EUR & GBP rebound. -Dollar index largely unchanged -AUD & NZD stay under pressure. -US equities fall on rates and reports of a Chinese hardware hack. -Senators vote on Brett Kavanaugh. -All eyes on Sep NFPs 185k new jobs expected. -What are the drivers of the bull market in US stocks? The overnight changes […]
Burning forecast 04/10/2018 EURUSD: there is a down trend signal. On the night of Wednesday to Thursday at an inopportune time for strong movements, the EUR/USD rate broke down (on the second attempt) the strong resistance level of 1.1500 and consolidated below. Technically, this is a strong signal to move down. The first goal is […]
Yields of 10-year US Treasury bonds jumped yesterday 12 bps to 3.18%, and today added another 5 bp. Such a high-interest rate has not been since 2011. In the case of 30-year-olds, the 30-year peaks have been established at 3.38 %. The unprecedented move came from the interruption of the overall calmness in which the […]
British Prime Minister, Theresa May, will meet representatives of the European Union for a joint dinner on October 17. According to commentators, it is then that the finalization of the Brexit agreement will be finalized, which could be signed by both parties a month later. The May administration would like to ratify the Secession Agreement […]
Wave counting analysis: During the trading on October 3, the GBP / USD currency pair lost another 40 percentage points. Thus, the estimated wave c, 4, continues its construction, despite the elongated appearance. An unsuccessful attempt to break through the 76.4% of Fibonacci level can lead to the completion of the construction of this wave. […]
